Internal Auditor - Enterprise Risk - JHB at Absa Group Limited (Absa)

Job Description

• The Internal Audit Enterprise Risk role is responsible for assurance of Enterprise Risk which includes risk type strategy and framework, group-wide governance to effectively enable risk type appetite, aggregation of risk type profiles, oversight and challenge processes.
• The position is a technical Enterprise Risk specialist as well as SME role in Internal Audit and is required require to provide assurance on:
• Enterprise Risk Functions: The application and the effectiveness of the risk management practices, methodologies and systems which includes Stress Testing, Risk Appetite and Recovery Planning.
• Regulatory Framework: The provisions of the regulatory framework and in particular the bank’s system for identifying and measuring its regulatory capital and assessing the adequacy of its capital resources in relation to the bank’s credit risk exposures and established minimum ratios as well as Pillar 3 disclosures.
• Support the Audit manager in the identification of risks to be tested by participating in planning sessions. Develop testing strategies for key controls within the business to adequately mitigate the risks. Manage the execution of Design Effectiveness Testing (DEA) and Operational Effectiveness Testing (OET) of the audit team in line with methodology requirements.
• Develop an in-depth knowledge of Absa and the various business areas and use the knowledge to assess risks and controls through identifying, assessing and documenting risks and controls within these processes. Engage proactively with Internal Audit colleagues during assignments and request technical assistance where required and based on knowledge of business areas, provide guidance to other auditors and peers by sharing best practice so that their work meets and sometimes exceeds quality standards.
• Develop and maintain relationships with key audit contacts on each audit by attending continuous stakeholder meetings. In addition, engage closely with stakeholders during assignments and encourage open discussion and interaction with business on the risks associated in their environment.

Education and Experience:

Quantitative degree

• Minimum 3 years experience
• Enterprise Risk background

Education

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