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Senior Internal Auditor

Senior Internal Auditor

African BankZA
2 days ago
Job description

Job title : Senior Internal Auditor

Job Location : Gauteng, Deadline : April 06, 2025 Quick Recommended Links

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PURPOSE OF THE JOB

  • To provide guidance and execute specialised audits for the portfolio, including the provision of industry / best practice knowledge to enhance the audit process and the audit report.
  • Perform audits / reviews mainly within the Treasury and Finance environments including Balance Sheet Management / Asset Liability Management, Capital Management (including ICAAP), Regulatory Reporting (BA Returns), etc.

    • KEY PERFORMANCE INPUTS

    Internal Audit planning

  • Identify audit needs and areas for review and provide input to Internal Audit Manager regarding the annual plan
  • Review Operational Risk and other appropriate documentation prior to commencement of review (including best practice).
  • Document processes to obtain an understanding of activities
  • Evaluate and score documented inherent risks
  • Evaluate and score documented management controls
  • Prepare audit programmes and relevant audit tests to be executed for manager approval

    • Internal Audit execution and review

  • Lead audit engagements covering the assigned portfolios including risk assessments, audit planning, audit testing, control evaluation, gather and maintain supporting documentation for each audit and control objective addressed, audit report drafting and follow-up and verification of issue closure.
  • Conduct review of working papers, report and audit files prepared by Internal Audit Specialists for completeness and quality (where applicable).
  • Accountable for meeting deliverables timely, adhering to departmental and professional standards and utilizing consistent methodology.
  • To provide guidance and execute specialized audits for the portfolio, including the provision of industry / best practice knowledge to enhance the audit process and the audit report.
  • Execution of sections of the audits where additional specialized skills / expertise is required.

    • Conclude & report findings

  • Communicate audit findings to management and identify opportunities for improvement in the design and effectiveness of key controls.
  • Conclude on audit opinion in reports (in executive summary) based on results of audits executed.
  • Discuss reports with senior management and obtain management comments and target dates.
  • Assist in the preparation of ad hoc reports (e.g. Exco, Audit Committee, Reserve Bank etc.)

    • Portfolio Management

  • Stakeholder Engagement
  • Regular Portfolio discussions with key stakeholders.
  • Quarterly and annual insights presentation on portfolio to IA team incorporating insights received from engagement with stakeholders.
  • Portfolio risk assessment discussion prior to mid - year risk assessment and year- end audit planning session (at a GIA level that feeds into the annual audit plan).

    • Portfolio Reporting

    Provide regular reporting to IA management and the IA team on :

  • Changes in the portfolio’s organizational structure and key stakeholders
  • Updates from stakeholder meetings (insights), financial performance (aspirations and actuals) and competitors' performance.
  • New products, processes, initiatives and any other significant matters and changes.

    • Portfolio Issues Tracking

  • Ensure outstanding issues log is up to date for the portfolio.
  • Monthly engagements with owners of actions.
  • Foresight before issues become overdue and concerns raised in writing at the relevant governance forum.

    • Governance Committees

  • Participate in quarterly meetings with ERM and Compliance in preparation for Combined Assurance meeting, future audits, Combined Assurance, Risk Exco and Audit Committee reporting.

    • Collaboration with other GIA teams

  • Formalized knowledge sharing sessions with other portfolios within GIA
  • Investigate, recommend and apply most appropriate audit tools for reviews under the portfolio and within the department.

    • Treating Customers Fairly and Compliance

  • Create and maintain productive relationships with internal and external clients by providing insight.
  • Keep the client informed about progress through written communication, telephone communications, and / or face-to-face meetings.
  • Build a positive image by exceeding client expectations at all times.
  • Treat internal and external customers fairly at all times.
  • Build and maintain key relationships with stakeholders, establishing a culture of engagement while adding value.

    • Brand building and service delivery

  • Create and maintain productive relationships with internal clients through continuous conversations and being accessible.
  • Assist the client to understand their role relating to risks and controls as well as Internal Audit’s role in providing an independent assessment of risks and controls. Encourage management in considering risks in the decision-making process
  • Keep the client informed about changes in legislation / industry trends and current audit findings through written communication, telephone communications and interpersonal meetings.

    • REQUIREMENTS

    Minimum education

  • Bachelor’s degree in finance, Accounting, Banking or related fields.
  • CA(SA) or CFA or CIA designation will be an added advantage.

    • Minimum experience

  • At least 3 years relevant experience (including the banking / Finance industry), with specialization in the Treasury audit portfolio. Supervisory experience on audit projects would be an advantage.
  • At least 2 years’ experience in banking and financial services environment specifically relating to Retail Banking will be an advantage.
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