Internal Auditor: Balance Sheet Management at Nedbank

Job Purpose

To conduct internal audits to provide information used to provide independent; objective assurance to the Nedbank Group Limited Board of Directors; that the governance processes and management of risk and systems of internal control; are adequate and effective to mitigate the most significant risks; both current and emerging; that threaten the achievement of the Groups objectives; and in so doing help improve the control culture of the Group.

Job Responsibilities

• Obtain a good understanding of the control environment being audited (including IT, and risk management related aspects) and the interdependencies linked to it.
• Plan audit assignments based on key process and business risks identified and design the audit program in line with risks and key controls to be tested.
• Execute audit fieldwork in compliance with quality standards by following and completing prepared work programmes. Assess the adequacy and effectiveness of governance, risk management practices and internal controls.
• Provide clear and sufficient audit evidence to support recommendations and audit opinion.
• Identify opportunities to improve internal controls including internal financial controls.
• Identify and clearly articulate the root cause of issues identified and impact thereof and recommend changes to business processes that will address the control weaknesses
• Prepare a quality and balanced audit report to specified standards, encapsulating the control weaknesses identified and results of audit work performed with minimal editorial changes.

Essential Qualifications

• Qualified CIA (Certified Internal Auditor), CA (Chartered Accountant) or CISA - Articles (preference to Big 4 candidates) and professional certifications will be advantageous
• Bachelor of Commerce (BCom) Degree (Economics, Risk Management or Statistics) and Honours (studying towards).

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees

Minimum Experience Level

• 3-5 years relevant business and or audit experience within capital, liquidity and interest rate risk
• Basic knowledge of regulatory requirements pertinent to banking
• Basic communication skills

Technical / Professional Knowledge

• Ethics and Fraud
• Governance, Risk and Controls
• Managerial Accounting Principles
• Principles of project management
• Relevant regulatory knowledge
• Business writing skills
• Institute of Internal Auditors standards
• Auditing

Behavioural Competencies

• Client-driven
• Purpose-led
• Accountability
• People centered
• Strong interpersonal skills to work effectively in a team