Audit Specialist: Credit, Treasury and Model Risk at Old Mutual

Job Description

• This role is responsible for delivering audits within the Credit, Treasury, and Model Risk portfolio at OM Bank.
• Key responsibilities include delivering the audit plan, which encompasses annual audit planning, updating the audit universe, executing audits, and preparing audit reports. The position will report to and support the Audit Lead by managing stakeholder relationships and assisting with the preparation of committee reports.

KEY RESULT AREAS

• Delivery of Services
• Contribute to the development of the portfolio’s audit plan including the update and maintenance of the audit universe and identification of emerging risks;
• Execute and deliver the audit plan and management requests timeously;
• Contribute towards and provide updates on the Combined Assurance Plans for the portfolio;
• Ensure audits are conducted as per the IA Methodology and that the quality and performance standards are maintained at all times;
• Delivery of impactful audit reports with well thought out management actions and due dates;
• Facilitate the agreement of audit findings and ratings with the relevant stakeholders;
• Analyse root causes of issues identified and make recommendation to management to improve the control environment accordingly as necessary;
• Facilitate the integrated audit approach where necessary, such as use of IT and data analytics;
• Provide input to the relevant committee and Board reporting; and
• Deliver an issues assurance plan and ensure it is executed timeously and within quality standards.
• Customer 
• Develop and maintain effective relationships with portfolio executives;
• Support the Audit lead in managing stakeholder engagement and relationships across the relevant portfolio/s; and
• Operations
• Manage the portfolio/s IA stats process and monthly reporting process by engaging line 1 and line 2; and
• Comply with IIA Code of Ethics and IA Policies and Procedures.

ROLE REQUIREMENTS

Qualifications & Professional Affiliations

• Relevant University Degree & Professional Qualification.
• Quantitative degree, CA (SA) and/or CIA advantageous.
• Experience in managing audit budgets (time and costs)

​Experience

• Minimum 5 to 10 years’ experience in auditing and / or risk management (ERM)
• Solid background in the financial services industry preferably retail banking
• Detailed understanding of the banking environment including: loan origination, credit portfolio management, provisioning, capital management and liquidity management
• Knowledge of the regulatory environment for banking
• Experience of client relationship management at senior levels

COMPETENCIES 

Core competencies:

• Execution
• Leading with Influence
• Collaboration
• Strategic
• Customer First
• Innovation (Perspective)
• Personal Mastery (Learning)

Technical competencies:

• High Level of Computer Literacy
• Preferable Audit Software (e.g. TeamMate Suite)
• Internal Auditing Methodologies
• Business Process Analysis
• Risk Analysis & Control Assessment Techniques
• Analytical Tools
• Report writing
• Professional Ethics
• Business Acumen
• Internal Audit Management
• Critical Thinking
• Communication skills
• Improvement and Innovation