Senior Audit Manager: Change and Assurance at Nedbank

Job Purpose
Purpose of Group Internal Audit (GIA):

The purpose of GIA is to provide independent, objective assurance to the Nedbank Group Limited Board of Directors via the Group Audit Committee that the governance processes, management of risk and systems of internal control are adequate and effective to mitigate the risks (in line with GIA Internal Audit Methodology), both current and emerging, that threaten the achievement of the Group’s strategy and key objectives, and in so doing help improve the internal control and risk culture of the Group. 
GIA receives authority from Group Audit Committee (GAC), which is a committee of the Board of Nedbank Group Limited establised to, among other things, review the work of Internal Audot of Nedbank Group Limited and its subsidiaries.
Objective & Scope of work: GIA:

The objective and scope of work of GIA is to determine whether the Group’s systems of financial and internal controls, risk management and governance, as designed and operated by management, are adequate and effective
The scope of GIA’s work is determined by a risk-based approach and so the key risks facing the Group, including subsidiaries, and the requirements of the GAC, subsidiary Audit Committees and the Group and subsidiary Executive Committees. This should include alignment to business strategic priorities.

Job Responsibilities
Accountability of the Senior Audit Manager:

• Support the periodic assessments of the outcomes of internal audit work to appropriate governing bodies, including the GAC and various Board and Risk Committees;
• Support the reporting on the overall effectiveness of the governance, risk and internal control framework of the Group;
• Comply with regulatory and corporate governance expectations of internal audit functions;
• Report significant issues related to the processes for controlling the activities of the Group, including potential improvements to those processes with emphasis on programme and change initiatives;
• Report periodically on the progress of the audit plan delivery;
• Maintain and report on whether the audit team has sufficient professional audit staff with knowledge, skills, experience and professional qualifications to meet the requirements of the audit plan; 
• Accountable for the delivery and measurable performance of their respective portfolio, including assistance in the audit plan delivery including ongoing monitoring of significant programmes and change initiatives;

Accountability of the Senior Audit Manager Contd:

• Apply judgement to provide an overall audit opinion on the system of internal financial controls of the Group;
• Provide insights from the outcomes of internal audit work to appropriate governing bodies
• Implement effective and efficient audit processes to ensure that audit processes are optimized and comply with regulatory and corporate governance expectations of internal audit functions.
• Develop and maintain relationships with business and key stakeholders to ensure robustness and completeness of audit coverage and contribute at an insight generator/trusted advisor to business to enhance assurance provided of the control environment;
• Contribute to the development of a 12-month rolling audit plan using a risk-based methodology, taking into consideration specific business strategic focus areas, regulatory requirements pertaining to internal audit, as well as including any risks or control concerns identified by management, the GAC and the Board;
• Develop, deliver, maintain and report on the rolling risk-based audit plan;
• Have a robust process in place to follow-up and report on progress in implementing agreed actions to address issues identified by the audit plan; and
• Maintain an open and constructive relationship with the CIA, Executive: Digital & Technology, Business executives, and key stakeholders by providing value added services and sharing information.

Provide Visionary & Inspirational Leadership:

• Implement the vision and strategy including the leadership and culture philosophy, stakeholder approach and internal methods and tools.  This should include alignment to the Nedbank and Business Unit strategy;
• Exhibit diverse, visionary and inspirational leadership;
• Actively participate in the Group’s Combined Assurance Model;
• Support and drive a high-performance team through managing resources, retention and critical staff;
• Manage performance of reports by taking corrective action as required, recognising and rewarding the team;
• Actively build a culture of improvement by implementing active talent management, succession planning strategies for the division and obtaining buy-in from relevant stakeholders;
• Contribute to team effectiveness by participating in the recruitment and selection of staff.
• Risk Optimiser, Client Centric Advocate, Execution Expert, Strategist.

Provide Visionary & Inspirational Leadership:

• Empower team to make decisions and recommend tailored solutions to business unit specific problems, through coaching and mentoring practices;
• Facilitate engagement and information sharing sessions amongst peers. Synergies across clusters and business units achieved;
• Take ownership and accountability for tasks and activities and demonstrate effective self-management;
• Follow through to ensure that quality and productivity standards of own work and team are consistently and accurately maintained;
• Support and drive the business's core values;
• Respond openly and constructively to feedback (positive and negative);
• Be a vision-led and values-driven leader; and
• Embodiment of the following characteristics:

Provide Visionary & Inspirational Leadership:

• Risk Optimiser
• Understanding that risk is at the centre of everything in banking
• Developing the appropriate risk appetite
• Managing risk without stifling innovation
• Being sensible about risk
• Client Centric Advocate
• Placing the client at the centre
• Being relationship focussed (as opposed to product or mono-line focussed)
• Collaborating with colleagues across organisational boundaries
• Execution Expert
• Having a bias for action
• Focussing efforts on execution and implementation
• Practicing decisive leadership
• Simplifying things
• Strategist
• Being a strategic thinker
• Being a strategic translator
• Being a strategic doer
• Facilitating strategic dialogue

Standards of Internal Audit Practice:

• GIA shall comply with the International Standards for the Professional Practice of Internal Auditing of the Institute of Internal Auditors (IIA), including the IIA’s Code of Ethics, the ten Core principles and best practice Internal Audit Methodology. GIA will maintain a Quality Assurance programme to confirm adherence to IIA standards. The Quality Assurance programme will include an evaluation of the quality of the work performed by GIA and communication of these results to the GAC.

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• Certified Internal Auditor , Advanced Diplomas/National 1st Degrees

Preferred Certifications

• CIA,CISA,FRM,CIPRA

Minimum Experience Level

• 6-8 years working experience as a Senior Audit Manager: Change and Assurance or Similar managing a team that is client facing within the Banking/Financial Services Indsutry.

Other Personal Attributes:

• Leadership and judgement;
• Emotional Intelligence (EQ);
• Strategic influence and visionary;
• Relationships and stakeholder management;
• Innovation and renewal;
• Business acumen;
• Reporting and communication;
• Cost effectiveness, productivity and value-add;
• Risk-based focus;
• Service excellence;
• People skills & managing staff, including large teams;
• Values-based (especially Integrity, Respect, Accountability, Client-driven, People-centred) and strong Ethics;
• Build a High-Performance Culture;
• Resilience

Technical / Professional Knowledge

• Accounting standards
• Change management
• Financial Accounting Principles
• Governance, Risk and Controls
• Principles of project management
• Relevant regulatory knowledge
• Risk management process and frameworks
• Strategic planning
• Institute of Internal Auditors standards
• Code of Ethics

Behavioural Competencies

• Building Partnerships
• Earning Trust
• Coaching
• Communication
• Driving for Results