Job Expired

Job Purpose

The role is required to review and assess the high risk areas of the business in order to give assurance to the Group Audit Committee, Business Executives and Shareholders that good governance practices are in place and internal controls are exercised throughout the financial period.

Key Responsibilities/Accountabilities

(S/M/L)* Audit Execution (self-management / audit support) (20%)
1. Delivery: Manage the quality & timeliness of audit deliverables within assigned functional area of responsibility; from planning to reporting process Complete & correct identification of processes, risks & controls. Completion of test procedures & test results that demonstrate fulfilment of adequacy & effectiveness requirements. Quality audit findings that clearly & succinctly communicate issues, mitigations, risks & sustainable agreed actions.

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2. Project Management: Create & manage component of overall project plan. Meet assigned budget & project milestones. Provide formal weekly project status updates/reporting.

3. Stakeholder Management: Communicate & manage immediately any exceptions / deviations from plan. Provide weekly updates to audit lead, line manager & identified auditee contact. Formal & timely agreement on findings & agreed actions with Responsible & Accountable stakeholders.

4. GIA Methodology & Standards: Comply with the GIA standards & methodology as applied in the audit tool. Ensure all assigned / functional working papers, from planning to reporting, have been completed & reviewed within deadline. Correct classification & allocation of findings on audit tool.

(M)* Audit Execution (management of others / audit lead) (50%)

1. Delivery (for functional team): Manage the quality & timeliness of audit deliverables across all functional areas of team responsibility; from planning to reporting process. Complete & correct identification of processes, risks & controls. Completion of test procedures & test results that demonstrate fulfilment of adequacy & effectiveness requirements. Quality audit report that clearly & succinctly communicates significant findings & summarises material issues.

2. Project Management: Create & manage overall project plan. Meet overall assigned budget & project milestones. Provide formal weekly project status updates/reporting for overall engagement.

3. Stakeholder Management: Communicate & manage immediately any exceptions / deviations from plan. Provide weekly updates of overall engagement to audit sponsor & identified key auditee contacts. Formal & timely agreement on all findings & agreed actions with Responsible & Accountable stakeholders.

4. GIA Methodology & Standards: Comply with the GIA standards & methodology as applied in the audit tool. Ensure all working papers of overall engagement, from planning to reporting, have been completed & reviewed within deadline.

(M) Portfolio Management (20%)

1. Understand the Portfolio: Identify, obtain & update organisational governance structures. Identify, obtain & maintain key business process documents. Identify, obtain & communicate to audit team the business strategy & related changes. Provide input into annual audit plan & related management & monitoring activities. Review & update the ITCF at minimum twice a year. Review & update the IT critical systems list at minimum twice a year.

2. Understand the External Environment: Identify, obtain & communicate to audit team, through research activities, the external risk events that impact the portfolio.

3. Risk Management: Identify, obtain, review & communicate to team the relevant risk reporting packs as submitted by 1st & 2nd Lines of Defence. Contribute towards motivating & approving changes to the committed annual audit plan (change of timing, scope or addition/removal) that might arise from risk changes, ad-hoc GIA leadership requests & Business Management requests.

4. Knowledge Management: Maintain core competency (technical) knowledge & best practice within portfolio. Review & provide feedback to GIA Operations regarding updates / enhancements required to GIA Standards & Methodology.

5. Stakeholder Relationship Management: Identify key portfolio stakeholders, build & maintain relationships that facilitate; obtaining key risk insights, providing audit updates or enabling improved efficiencies in audit processes (1st, 2nd & 3rd / External Lines of Defence). Maintain a positive relationship with relevant GIA audit portfolio team members.

6. Issue Tracking & Reporting: Perform quality & timely issue tracking, validation, review (of team member validation) & reporting of all findings (significant & material). Manage stakeholder extension & risk acceptance processes to completion & liaise with Senior Audit Manager regarding input & management.

Human Resources & General Operations Management (10%)

1. HR Administration: Timesheets & EPM records completed on time. Contribute towards team goals & objectives. Allocate resources to assignments & maintain accurate resource schedule / plan.

2. Staff Development: Proactively drive own development plans. Facilitate development of junior staff (SBG10’s / learners / grads), via reporting lines & via audit engagements, where applicable. Assist with recruitment activities. Ensure succession planning with respect to portfolio, where applicable.

3. 3rd Party Outsourcing/Co-sourcing management: Manage the sourcing process, the successful completion of the procurement process (including contracting) & timely processing of invoice receipts associated with turnkey vendors / contractors to deliver the services required in the allocated audit(s). Manage & formally track the performance & quality of vendor services provided on the audit. Provide feedback to Line Management, GIA Operations & the Sourcing Firm on the quality of work undertaken.

4. Training: Manage own training requirements. Completion of all Compliance related training.

Preferred Qualification and Experience

Qualifications

Bachelor’s Degree or Equivalent – Commercial : Business Studies or Science /Finance/Accounting/Information Systems/Risk Management/Statistics
Bachelor’s Degree or Equivalent in Internal Auditing, Computer Science or Data engineering studies
Post Graduate Studies in the following specialities: Auditing, Information systems, Accounting, Risk management, Data Analytics or Statistics, Finance, Business Administration
Certification in any of the following areas: CIA, CISA, CFA, CA(SA), IODSA
Certification or Study in the assurance business process area of specialisation – e.g. Credit, Models, Tax, Law, HR, Supply chain management, Investment banking, Equity Trading, etc.

Experience

3-4 years Management Position in Internal/External Auditing or Risk management function
1-2 in Accounting & Finance
3-4 years practical working knowledge of Information Technology business processes and controls as well as business applications that support them.

Knowledge/Technical Skills/Expertise

Critical Thinking

Apply problem solving techniques and appropriate research data to appraise the efficiency and effectiveness of business processes and identify and provide new insights and practical business solutions that can be implemented. Exampled by: Data collection and analyses, Problem solving, Curiosity, Process effectiveness, Process efficiency analysis, Innovative solution design, Cost effective solution design, Tactical vs. Strategic solutions.

Internal Audit Delivery
Able to plan, execute, report on an audit or advisory review assignment following the GIA audit methodology in order to meet the audit objectives and give assurance to management on the Bank’s risk and control environment. Exampled by: Plan, Execute and Report audit assignments, IA audit methodology, Governance understanding, Accounting and Financial controls and other internal controls understanding, Internal and external risks assessment, Investigative audit procedures, Effective internal audit reporting, Effective remediation actions, Project management of audit assignments, Governance and Risk management advise to business stakeholders, and IT business applications knowledge.

IA Professional Practices
Demonstrate knowledge of Internal Audit International Professional Practices and apply use them to improve the audit methodology, and as a quality standard for audit engagement deliverables to ensure continuous improvement of the audit function. Exampled by: IA specialist experience, Due professional care, Up to date with professional standards, Professional standards accurate interpretation, Quality assurance ability, Independence of IA function, Practice applied ethics, and Serve all stakeholders with integrity including external stakeholders.Good Governance, Risk & Controls
Assess governance and control frameworks against the appropriate risk appetite and enhance the risk management culture in line with the organisational objectives. Exampled by: Understand organisation’s governance framework, Risk based and Strategic objective focused audit planning, Organisational risk culture management, Fraud risk awareness, Understanding of organisational risk profile and appetite, Change impact on the organisation’s risk taxonomy, and Keep up with best practice in the area of GRC.Sound Business Acumen
Understand the banking industry and the impact that the economic and regulatory environment have on the organisation. Apply this knowledge in your assessment of risks and recommendation of appropriate control and quality frameworks. Exampled by: Banking industry knowledge, Knowledge of the bank’s culture, Knowledge of the bank’s customer, Balance risk and controls with accountability and returns, Wasteful expenditure and revenue opportunity analyses Commercial mind-set with the Ability to assess and link to audit scope: 1) Financial Statement understanding 2) Focus scope on key business objectives & targets 3) IT enabler factors 4) People/Leadership capability 5) Global and industry developments.Communicate Effectively
Express ideas and concerns in the most articulate, impactful, effective and honest manner using appropriate language and communication method (written report, email, presentation, and meeting). The information becomes more complex, audience more demanding and messages more significant to the strategic direction of the business, therefore requiring in depth analyses of more sources of information and high degree of thinking with limited preparation time. Exampled by: Audience understanding, Effective use of language, Effective use of communication methods, Interpretation and responding to audience reactions, Command of written business language Influential messaging, Handling Express ideas and concerns in the most articulate, impactful, effective and honest manner using appropriate language and communication method (written report, email, presentation, and meeting). The information becomes more complex, audience more demanding and messages more significant to the strategic direction of the business, therefore requiring in depth analyses of more sources of information and high degree of thinking with limited preparation time. Exampled by: Audience understanding, Effective use of language, Effective use of communication methods, Interpretation and responding to audience reactions, Command of written business language Influential messaging, Handling difficult confrontational conversations, and Well organised and factual information.

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