Senior Internal Auditor: Credit Risk at Nedbank

Job Purpose

• Provide independent, risk‑based assurance over the design and operating effectiveness of credit‑risk management in relation to governance, processes, systems and data across Nedbank Clusters (including Nedbank Africa Regions), in conformance with the IIA Global Internal Audit Standards (2024) and aligned to the bank’s combined assurance model. 
• The role expands specialist coverage for credit risk, delivering deep‑dive, model‑informed and data‑driven assurance across the wholesale and retail credit lifecycle. The assurance coverage is inclusive of counterparty credit risk and credit data quality, consistent with GIA’s mandate to provide independent, objective assurance to the Board via the Group Audit Committee (GAC).
• Job Responsibilities
• Perform structured, risk‑based assessments of internal audit credit risk outcomes and prepare high‑quality reporting for relevant governance forums, contributing to the assurance provided to the Group Audit Committee and Board Risk Committee.
• Evaluate and report on the effectiveness of governance, risk management, and internal control processes across Credit Risk, ensuring that control weaknesses, emerging risks, and improvement opportunities are clearly identified and articulated.
• Ensure compliance with internal audit standards, regulatory expectations, and corporate governance principles when planning, executing, and documenting audit work.
• Identify and escalate significant issues related to credit‑risk processes, including weaknesses in monitoring, sanctioning, early‑warning mechanisms, data quality, and credit decisioning practices, while proposing practical, control‑enhancing improvements.
• Support the assessment of audit resource adequacy by contributing subject‑matter expertise, maintaining strong technical and analytical capability, and ensuring that audit procedures applied in Credit Risk align to professional standards and the audit plan.
• Execute timely follow‑up reviews (including continuous monitoring) to assess management’s progress in addressing audit findings, testing the sustainability and effectiveness of implemented actions.
• Deliver high‑quality audit execution within agreed timelines, contributing measurable value through robust fieldwork, data‑driven insights, and well‑evidenced conclusions.
• Apply sound professional judgement when forming conclusions and drafting opinions on the adequacy and effectiveness of internal financial controls and credit‑risk management processes.
• Develop actionable insights from audit results and present these to governance bodies, risk owners, and business stakeholders in a clear, concise, and business‑relevant manner.
• Build constructive working relationships with stakeholders across the first, second, and third lines, acting as a trusted subject‑matter resource while maintaining independence and objectivity.
• Maintain strong business engagement by participating in continuous monitoring activities, conducting walkthroughs, reviewing MI, and identifying control themes, trends, and emerging risks across portfolios.
• Contribute to the development and refinement of the rolling audit plan, applying a credit‑risk lens to ensure that key strategic areas, regulatory developments, emerging risks, and management concerns are appropriately covered.
• Essential Qualifications - NQF Level
• Advanced Diplomas/National 1st Degrees

Essential Qualification

• A bachelor’s degree in commerce (Finance, Accounting, etc) or Risk is required is essential
• A post graduate degree would be advantageous as well as CIA, CA(SA), FRM/PRM, CFA, CISA certifications.

Minimum Experience Level

• 3+ years in Wholesale / CIB / Retail credit (Portfolio Experience).
• 3+ years in Data Analytics
• Extensive internal/external audit and/or risk management experience in banking.
• A comprehensive understanding of relevant financial services regulatory frameworks and compliance requirements 
• The following additional experience is preferred:
• Ability to operate independently with minimal supervision.
• Auditing of Information Technology controls.

Technical / Professional Knowledge

• Audit reporting
• Audit standards and practices
• Banking knowledge
• Governance, Risk and Controls
• Ethics and Fraud
• Business writing skills

Behavioural Competencies

• Managing Work
• Monitoring Information
• Building Partnerships
• Quality Orientation
• Continuous Improvement
• Work Standards
• Courage
• Adaptability

Closing Date: 16 March 2026