Internal Audit Manager - Transactional Banking at Absa South Africa

Job Summary

• The CIB Internal Audit team is looking for a detail-oriented Transactional Banking Audit Manager. The CIB environment is a fast paced, dynamic environment with limitless learning opportunities.
• The role of the Transactional Banking Audit Manager is paramount in ensuring that Absa’s residual risk is managed adequately. Therefore, a good understanding of CIB products and previous audit experience in banking in a risk-based environment will be advantageous. The candidate must be able to analyze vast amounts of data in a meaningful way and manage their time effectively. Good communication skills (written and verbal) are crucial. Ability to manage multiple stakeholders, willingness to drive consensus and influence outcomes is also key. Further, the candidate must plan, execute and manage audit assignments in accordance with the Group Internal Audit Plan and relevant policies, procedures and quality standards.
• The Audit Manager is responsible for the quality of the audit work performed and the efficiency and effectiveness of the audit team.

Job Description
Key Accountabilities
Activities Associated with Audit Plan Delivery in line with stakeholder Value Proposition; Time and Budget
Audit Delivery

• Accountability for overall "project management" of the audit - planning/scoping, fieldwork and reporting - high quality and on time delivery. Ensure adherence to Quality assurance requirements and manage audit risk throughout the audit. Manage ongoing communication with audit stakeholders including control owners etc.
• Data analytics- all audits able to use data analytics, where possible.
• Planning documents ownership: review and approval of Planning Documents, 100% review of workpapers
• Review of audit issues and ensure appropriate level of quality prior to Head of Audit review;
• Drafting audit report or review of draft audit report if prepared by auditor and ensure appropriate level of quality prior to Head of Audit review;
• Clearance of audit report and issues with one level below Accountable Executive.
• Issue Validation - High quality and timely delivery of Issues validation.

Customer interaction and business monitoring:

• Manage relationships with senior stakeholders and participation at key Risk/governance committees to inform view of overall Transactional Banking Risk profile.
• Compilation of various Reporting packs.

Annual Audit Planning:

• Assist in formulation of the Portfolio Annual Audit Plan and contribution to the Transactional Banking audit plan.
• AL will be responsible for key Annual planning deliverables i.e. supply and demand calculations, resource scheduling, risk assessments.

Leadership / Culture / Values

• Demonstration of our Absa and IIA code of conduct values/behaviours in all aspects of work. Playing a positive role in contributing to the team effectiveness and high-performance culture.
• Team Player - Positive team engagement, helping build the desired culture for IA. Measure of success - all survey scores and feedback from stakeholders to be within target ranges, including Colleague Experience Survey (where colleague has played a positive role in influencing what needs to shift to create the desired IA culture).
• Timely adoption and role modelling of all new ways of work and enabling technology i.e. strategic initiatives/platforms/tools/solutions i.e. on effective date to ensure it supports implementation and embedment across function;
• Retention of talent and timely recruitment of approved roles and level of attrition within IA target range;
• Develop, Grow and Learn - Self and Team - Timely feedback on performance, development feedback, career development planning and training and L&D for self and team.

Strategic Initiatives

• Digitally and Technology enabled - contribution to the Digital Book of Work. Use of Tools and Technology in the portfolio.
• Stakeholder engagement model - aligned to IA overall principles for driving a profession, value adding, service oriented, digitallly savvy owner led stakeholder engagement approach for the portfolio.
• Brand, Positioning and Communication Initiatives
• Perform all other duties as reasonably assigned.

Role/Person Specification
Education And Experience Required

• B Degree (Commercial, Internal Audit, Risk, Accounting)
• B Degree Honours (Commercial, Internal Audit, Risk, Accounting)
• CA (SA), CIA, CISA or relevant qualification
• Relevant banking industry qualification (e.g. SA Institute of Bankers)

Essential:

• 7 years’ experience in Internal/External audit or commensurate experience in a major financial institution
• 7 years’ experience in risk-based auditing or risk/control activities.
• 3 years’ experience of managing a team

Preferred:

• Banking experience either gained through auditing or line management
• CIB exposure gained through auditing or line management

Knowledge & Skills:

• Understand control, regulatory & risk issues Level: Do without Supervision
• Ability to articulate complex issues clearly Level: Do without Supervision
• Displays good knowledge of key business processes Level: Do without Supervision
• Manage time, resources effectively Level: Do without Supervision
• Keep stakeholders & management up to date
• Industry and product knowledge
• Data Analytics understanding and application
• IT risks and controls understanding
• Project Change Management understanding

Competencies:

• Deciding and initiating action
• Planning and organizing
• Delivering results and meeting customer expectations
• Writing and reporting
• Commercial thinking
• Adapting and responding to change
• Persuading and influencing
• Creating and innovating

Education

• Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)