Market Risk Audit Manager at Absa Group

Job Summary

To develop tactical strategy and delivery plans, formulate associated practice/s and to ensure operational implementation and adaption i.t.o. auditing methodology, governance and delivery objectives.

Job Description

A vacancy has become available for a Market Risk Audit Manager with a strong understanding of Market Risk Management and Control. You will have substantial experience at advanced level in the banking industry and equities market and be responsible for performing moderately complex audits and assessments of risk and control environments in coordination with the team .
The ideal candidate will have strong market risk knowledge, be able to Identify, assess, monitor, measure, analyze and recommend solutions to emerging risks. In-depth knowledge and technical skills related to Market Risk is critical to succeed in the role

Other responsibilities include but not limited to:

• Conduct market risk assessments to ensure risks are properly captured , measured, monitored, controlled and reported
• Appropriately assess risk when business decisions are made and drive compliance with applicable laws, rules and regulations, adhering to Policy
• Identify and escalate new and emerging risks
• Ensure appropriate and documented internal controls and procedures in place.
• Maintain procedures for monitoring, management and reporting of operational risks arising within area of responsibility
• Manage market risk control, including limit setting, monitoring, analysis and escalation
• Use analytical and programming skills to design, develop and enhance models and control processes
• Manage the teams that assigned to the audit effectively by delegating audit work to empower each individual team member.
• Contribute to the annual planning process as requested by the Head of Audit by providing feedback and knowledge in terms of business. This will include identifying auditable entities, assessing the audit needs assessment and preparing all Management Information reports required.
• Engage with Centres of Excellences (CoEs) at each stage in the audit process and give oversight to CoE colleagues working on the audit assignment.
• Proactively provide on-the-job training to the audit team for the audit toolkit - Synergy and confirm through inspection of the audit work that the results of audit work are completed, updated and approved as required by the Quality Assurance scorecard
• Based on the reviews performed, provide effective feedback to audit staff during the audit assignment to confirm that working papers are completed in line with the AIA methodology.
• Engage with management and auditors on progress of audit and to provide regular feedback on issues identified where the control has failed either at a DEA or OET level.
   

Education and Experience:

• B Degree (Commercial, Informatics, Statistics)
• CA (SA), CIA, CISA or international equivalents
• 5 years’ relevant experience in Market Risk and/or Internal Audit.
• 5years’ experience in risk based auditing or risk/control activities.
   

Knowledge & Skills:

• Understand control, regulatory & risk issues
• Ability to articulate complex issues clearly
• Displays good knowledge of key business processes
• Awareness of regulatory and compliance environment
• Translate current best practices to audit strategy
   

Education

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