Audit Portfolio Manager: CIB - Global Markets at Nedbank

Job Purpose

• To deliver on the annual/quarterly audit plan thereby providing reasonable assurance to stakeholders that key risks are being mitigated through adequate and effective management controls in accordance with Group Internal Audit (GIA) methodology.
• Specific focus for the role is the delivery of the audit plan relating to the Global Markets and Treasury areas of CIB, including the key risk related to market and operational risk in these trading areas.  

Job Responsibilities
The Audit Portfolio Manager, in the discharge of his/her duties, shall be accountable for:

• Performing audit fieldwork in terms of the audit program, and initial review of audit fieldwork delegated to more junior audit staff. 
• Documenting the audit testing performed, drafting of the audit report and providing insights from the outcomes of internal audit work to appropriate governing bodies, including the GAC and Board Risk Committee
• Evaluating and monitoring of corrective actions taken to address control weaknesses identified. 
• Attendance at key risk committee and technical risk committee meetings where relevant.
• Able to demonstrate a competent articulation of the products and risks related to the CIB business.
• Create an environment of teamwork and collaboration that contributes to Group Internal Audit (GIA). 
• Ensuring continuous improvement of the quality of audits through providing professional insights and seeking out best practice information to provide customers with world-class perspectives and solutions.
• Develop and maintain relationships with business and key stakeholders (regulators, external auditors etc) 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.
• Ensuring that billable hours, budgets, and resources are optimally planned and monitored, and quality audits are delivered.

Preferred Qualification

• Preferably a CA(SA) with Internal Audit experience (or External Audit Banking exposure).
• Preferably a CIA or other relevant qualifications.
• Chartered Financial Analyst and/or a post graduate degree would be advantageous. 

Minimum Experience Level
The following minimum experience is required:

• 5 - 7 years financial services experience; with at least 2-4 years of CIB specific experience
• Ability to operate independently with minimal supervision; 
• 2 – 4 years’ experience in a managerial position within an assurance function.

Types of Exposures

• Banking and CIB experience is essential, with Global Markets and/or Treasury segment experience preferable.
• CIB business acumen across Trading, Lending, Market Risk and Treasury environments.
• Working knowledge of financial markets in Investment banking, Global Markets and Treasury units is advantageous.  
• A good understanding of relevant financial services, regulatory frameworks and compliance requirements as well as practical experience of these. 
• Working knowledge of market risk management and related statistical, financial, risk and quantitative methods would be preferable; 
• Understanding of credit, operational, market and liquidity risk models as defined by Basel II & III will be advantageous
• A comprehensive understanding of relevant financial services regulatory frameworks and compliance requirements as well as practical experience of these. 
• Knowledge relating to Corporate Investment Banking including Market Risk.

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