Audit Portfolio Manager : Commercial Banking
Audit Portfolio Manager : Commercial Banking
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1 Vacancy
Job Description
Requisition Details & Talent Acquisition Consultant
REQ 141304 Thembi Mtshali
Location : Johannesburg
Job Family
Risk Audit and Compliance
Career Stream
Auditing
Leadership Pipeline
Manage Self Professional
PURPOSE 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 Groups 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 Purpose
To conduct portfolio audits and manage stakeholder relationships to ensure credit risk within CIB (wholesale banking) 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 (BCB and others) to inform the scope of the assignment to be embarked on and conduct field work.
Job Responsibilities
The Audit Portfolio Manager in the discharge of his/her duties shall be accountable for:
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 Business and 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 managements 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
BCom Accounting
Advanced Diploma
CA
Minimum Experience Level
Strictly Audit experience (3 5yrs)
Data Analytics (1 3 yrs)
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.
Technical / Professional Knowledge
- Audit reporting
- Audit standards and practices
- Banking knowledge
- Governance Risk and Controls
- Ethics and Fraud
- Reputational risk management
- Information technology
- Business writing skills
- Regulatory Legal and Economics Principles
- Business Acumen
Behavioural Competencies
- Managing Work
- Monitoring Information
- Building Partnerships
- Quality Orientation
- Continuous Improvement
- Work Standards
- Courage
- Adaptability
Disclaimer
Preference Recruiting Team atwill be given to candidates from the underrepresented groups
Please contact the Nedbank.
Please contact the Nedbank Recruiting Team at
Required Experience:
Manager
Employment Type
Full Time
