Audit Portfolio Manager: Credit Risk at Nedbank

Position

• Audit Portfolio Manager: Credit Risk

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.

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

Minimum Experience Level

• Strictly 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. 

The following additional experience is preferred:

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

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees

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