Internal Audit Manager at Discovery Limited

Job Purpose

This role is part of the Internal Audit team that provides assurance for the Bank in terms of the “three lines of defence model.” This requires working closely with other assurance providers to develop and implement a combined assurance framework that supports the delivery of an integrated and efficient audit service to the business.

The incumbent independently assesses the adequacy of internal systems and controls and identifies and evaluates compliance risk according to the applicable law and regulation. Communicates identified shortcomings to all relevant stakeholders.

The role will require an understanding of the retail banking environment, retail banking products, including the regulatory frameworks and requirements like RDARR and ICAAP. As Discovery Bank is a digital bank, the ability to perform data analytics as part of the test procedures is also required.

Areas of responsibility may include but not limited to

• Develops the Audit Universe, Annual Internal Audit plan and the three-year rolling plan aligned to risk based auditing principles
• Develops and maintains internal audit methodology and procedures
• Leads and conducts audits in line with IIA standards with the team
• Develops implements and operationalises monthly issue tracking process
• Facilitate knowledge and information sharing between staff members and other departments
• Prepares Risk Committee packs and attends the meetings as required
• Prepares Audit and Compliance Committee submissions
• Implements quality standards for all internal audits
• Tracks and monitors audit remediation as required

Personal Attributes And Skills

• Strong technology background with experience in Digital technologies and solutions
• Be Proficient in the IIA International Professional Practices Framework (IPPF), Code of Ethics and Standards
• Strong business acumen and strategic thinking ability
• Advanced thought leadership
• Strong stakeholder management
• Strong written and verbal communication skills
• Strong problem solving and decision making
• Ability to manage change and innovation
• Strong influencing and negotiating skills
• Ability to manage conflict
• Attention to detail
• Works well under pressure

Education And Experience

• Bachelor’s degree in a relevant field
• Minimum 5 years’ Retail Banking audit related experience
• Minimum 3 years’ management experience managing a team
• CISA – CRISC, CGEIT advantageous
• CIA / CA advantageous
• Advanced proficiency in Excel
• Data mining / data analytic skills
• Understanding of the South African banking regulatory landscape