Courses | Carel van der Merwe

Senior Lecturer, Stellenbosch University

February 2016 - Currently

Duties and responsibilities:

Lecturing, and development of various pre- and post-graduate courses
Preparing all content, including setting and grading of of tutorials, tests, and exams
Supervision of honours and masters students’ projects
Relevant research output, mainly relating to PhD currently
Coordination of post-graduate essay competition
Ethics committee member for Financial Risk Management
Building and maintaining long term relationships with private sector

Courses Lectured and examined:

Masters:

Honours:

Undergraduate:

Examining and moderating:

Internal Moderator:

External Moderator:

Quantitative Advisory Consultant, Ernst & Young (EY)

January 2011 - January 2016

Positions held:

Advisory – Financial Services Risk Management:

Advisory – Africa Actuarial Services:

Assurance – Financial Services:

Duties and responsibilities:

Maintain a certain level of chargeability (client facing time) throughout the year
Review work products from peers and juniors
Engagement admin (managing engagement economics, WIP recons, billings, etc)
Resolve queries with client and/or EY directors directly
Team work distribution planning
Connecting with various other service lines
Pursue small to medium sized projects
Performance appraisals for junior personnel
Graduate recruitment
Facilitate/organise selective training sessions internally and externally

List of key professional experiences:

Valuation of financial instruments for financial reporting:

IFRS 2 charges and other employee benefits valuation:

Stress testing for emerging insurance risk-based capital regulatory regimes:

Retail Credit Impairment audit:

Review/construction of valuation models:

Project manager on derivative transformation project:

Treasury Management System and Asset/Liability Management systems project:

Internal audit:

On various clients, performed valuations as per IAS39 and IFRS 13 for financial reporting purposes. These instruments range from vanilla type products to exotic instruments.
Valued/audited various share-based payment and BEE schemes. Schemes range from vanilla to exotic types.
For the past three years, leading the delivery of an ongoing large asset stress testing project (for regulatory and economic capital purposes) for the asset management divisions and subsidiaries of a big 4 South African insurance group.
Managed the audit of a large retailer’s credit portfolio impairment calculations as per IAS 39.
Reviewed valuation models for accurateness and reasonability. For smaller clients, built standalone valuation models for in-house use, which include models for inputs such as dividend projections and credit spread matrices.
Assisted with the project management on implementation of central clearing and the effects thereof within the derivative markets of a large corporate bank. Also looked at new pricing techniques as well as different fair value adjustments.
Formed part of the team that assisted our client in performing a system requirement exercise.
Managed the internal audit of one of the actuarial divisions at a client for their group internal audit function.

Major clients included (grouped by sector):

Banking and Finance sector:

Insurance and Asset Management:
Retail and Consumer products:
Telecommunication:
Oil and Gas:
Mining:

Barclays Africa Group, Standard Bank Group Ltd, Nedbank Ltd, RMB Holdings Ltd, Investec Plc, Grand Parade Investments (Pty) Ltd, Afrasia Bank Ltd, RCS Investment Holdings Ltd, Woolworths Financial Services Ltd
MMI Holdings Ltd, Old Mutual Plc, Sanlam Ltd
Massmart Holdings Ltd, The Foschini Group, Tiger Brands Limited
Telkom SA Ltd, Cisco Systems South Africa (Pty) Ltd
BP SA (Pty) Ltd, Cennergi (Pty) Ltd
Ivanhoe Mines Ltd, AngloGold Ashanti Ltd, Northam Platinum LtdSenior Manager

Contracted Lecturer, Stellenbosch University

January 2009 - December 2010

Duties and responsibilities:

Courses Lectured:

Undergraduate: