Senior Audit Manager : MidCorp and SME

Johannesburg, Gauteng
Permanent
Full-time

30 days ago

Requisition Details & Talent Acquisition ConsultantREQ 141300 Thembi MtshaliLocation: JohannesburgJob FamilyRisk, Audit and ComplianceCareer StreamAuditingLeadership PipelineManage ManagersPURPOSE OF GROUP INTERNAL AUDIT (GIA)The purpose of GIA is to provide independent, objective assurance to the Nedbank Group Limited Board of Directors via the Group Audit Committee that the governance processes, management of risk and systems of internal control are adequate and effective to mitigate the risks (in line with GIA Internal Audit Methodology), both current and emerging, that threaten the achievement of the Group's strategy and key objectives, and in so doing help improve the internal control and risk culture of the Group.GIA receives its authority from the Group Audit Committee (GAC), which is a committee of the Board of Nedbank Group Limited established to, among other things, review the work of Internal Audit of Nedbank Group Limited and its subsidiaries (the "Group").JOB PURPOSETo provide strategic leadership and guidance to teams by providing independent assurance of the control environment to the Nedbank Group Audit Committee and ensuring effective risk management practices are implemented across Nedbank. In addition, manage stakeholder relationships to ensure credit risk is mitigated in accordance with Nedbank Group standards. The successful candidate will also, as part of the audits, be required to interact with the relevant divisional teams with Business and Commercial Banking (BCB) to inform the scope of the assignment to be embarked on, conduct field work and report to outcomes to the Board.Job Responsibilities

Support the periodic assessments of the outcomes of internal audit work to appropriate governing bodies, including the GAC and Board Risk Committee
Support the reporting on the overall effectiveness of the governance, risk, and internal control framework of the Group
Comply with regulatory and corporate governance expectations of internal audit functions
Report significant issues related to the processes for controlling the activities of the Group, including potential improvements to those processes
Maintain and report on whether Commercial Banking Audit has enough professional audit staff with knowledge, skills, experience, and professional qualifications to meet the requirements of the audit plan
Have in place a robust process to follow-up management's agreed actions to address issues raised by the team
Accountable for the delivery and measurable performance of their respective portfolio, including assistance in the audit plan delivery
Apply judgement to provide an overall audit opinion on the system of internal financial controls of the Group
Provide insights from the outcomes of internal audit work to appropriate governing bodies
Maintain an open and constructive relationship as a Trusted Advisor with internal and external stakeholders including Institute of Internal Audit, SARB, External Audit and Business Executives
Develop and maintain relationships with business and key stakeholders to ensure robustness and completeness of audit coverage and contribute at an insight generator/trusted advisor to business to enhance assurance provided of the control environment
Contribute to the development of a 12-month rolling audit plan using a risk-based methodology, taking into consideration specific business strategic focus areas, regulatory requirements pertaining to internal audit, as well as including any risks or control concerns identified by management, the GAC and the Board
Have a robust process in place to follow-up and report on progress in implementing agreed actions to address issues identified by the Audit plan

Essential Qualifications - NQF Level

Bachelor's degree in commerce or sciences
Honours degree in commerce or sciences

Preferred Qualification

Master's degree in commerce or sciences

Minimum Experience Level

6 - 8 years' financial services experience in credit and risk management
2 - 4 years' experience in a senior managerial position
2 - 4 years' experience leading and managing diverse teams
Understanding of credit, operational, market and liquidity risk
A comprehensive understanding of relevant financial services regulatory frameworks and compliance requirements as well as practical experience of these.

Types of Exposures

Extensive internal/external audit and / or risk management experience in banking;
Ability to operate independently with minimal supervision;

Technical / Professional Knowledge

Accounting standards
Corporate finance principles
Credit risk management principles across the credit lifecycle
Governance, risk and control frameworks and methodologies
Principles of project management
Relevant regulatory and legislative knowledge
Risk management process
Institute of Internal Auditors standards
Code of Ethics
Audit reporting
Audit standards and practices
Banking knowledge
Governance, Risk and Controls
Business writing skills

Behavioural Competencies

Building Partnerships
Earning Trust
Coaching
Communication
Driving for Results

DisclaimerPreference Recruiting Team at +27 860 555 566will be given to candidates from the underrepresented groupsPlease contact the Nedbank.Please contact the Nedbank Recruiting Team at +27 860 555 566If you can't find the job you're looking for, activate job alerts to be one of the first to know when new positions open up.

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