Job Description

Requisition Details & Talent Acquisition Contact
REQ: 139020
Talent Acquisition Contact: Lerato Sithole
Location: 135 Rivonia Road, Nedbank Head Office, Sandton
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 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 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 (CIB 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 Credit Risk 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

• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• CA (SA)

Essential Certifications

• Certified Information Systems Auditor (CISA) and optional Certified Internal Auditor (CIA)
• Certified Internal Auditor (CIA) or Certified Information Systems Auditor (CISA) or Certified Financial Services Auditor (CFSA)

Minimum Experience Level
Required:

• CIB Credit experience (3 - 5yrs)
• Credit 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.

Preferred:

• Extensive internal/external audit and / or risk management experience in banking.
• Ability to operate independently with minimal supervision.
• Auditing of Information Technology controls.

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
• Behavioral Competencies
• Managing Work
• Monitoring Information
• Building Partnerships
• Quality Orientation
• Continuous Improvement
• Work Standards
• Courage
• Adaptability

Behavioural Competencies

• Managing Work
• Monitoring Information
• Building Partnerships
• Quality Orientation
• Continuous Improvement
• Work Standards
• Courage
• Adaptability

Additional Personal Attributes Required
Aside from the required qualifications, vast experience and strong technical skills required for the role, strong personal as well as interpersonal attributes and skills are also essential to thrive and be successful in this role include. These include:

• Emotional Intelligence (EQ);
• Applying experience and best practice into audit discussions and work performed.
• Leadership and judgement.
• Relationships and stakeholder management.
• Business acumen.
• Values-based (especially Integrity, Respect, Accountability, Client-driven, People-centered) and strong ethics.
• Various testing will be conducted to confirm the suitability of the short-listed candidates before final selection of the successful candidate.

Disclaimer
Preference will be given to candidates from the underrepresented groups
Please contact the Nedbank Recruiting Team at +27 860 555 566
Please contact the Nedbank Recruiting Team at +27 860 555 566
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