Career Opportunities at Absa Group Limited (Absa)

Job Summary

• Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise-Wide Risk Management Framework and internal Absa Policies and Policy Standards. Understand and manage risks and risk events (incidents) relevant to the role.

Job Description

• To administer deceased estates ranking from normal to more complex estates which might involve Capital Gain Tax and Estate Duty.

Outputs to deliver this accountability:

• Receive completed deceased estate reporting documents from the Fiduciary Consultants and or Lean system and make telephonic contact with the client.
• Manual intake of estates.
• Report the deceased estate to all relevant stakeholders via written correspondence,newspaper and Government Gazette (Master of the High Court, SARS, banks, insurance companies, auditors), to obtain Letters of Executorships, certificate of balance, evaluations of shares, deeds search, outstanding tax returns, membership of interest in close corporation. (In terms of the Estate Administrations Act the executor cannot administer an estate until they are in receipt of this documentation).
• On receipt of Letter of Executorship from the Master of the High Court; advertise (e.g. advertise in the local newspaper and Government Gazette) and for any debtors / creditors (section 29 notification) in respect of the estate late to submit their claims within thirty days of date of advertisement.
• Receive all relevant information as requested by the various stakeholders and start redeeming and transferring assets e.g. all assets in the name of the deceased which cannot be transferred must be redeemed and it is dependable on the instructions from the heirs / cash shortfall on the estate.
• Draft the liquidation and distribution account to reveal the true reflection of all the assets and liabilities as at date of death and submit any outstanding tax returns to SARS.
• Advertise (for twenty one (21) days) the Liquidation and Distribution account (section 5 notification) in the local newspaper / Government Gazette and with the Magistrate in the district were the deceased resided twelve (12) months prior to date of death and lodge the Liquidation and Distribution account with the Master of the High Court to attain approvals on the account / estate duty assessment to ensure the executor has adhered to its duties in terms of the Will.
• Instruct the Absa panel attorneys on the expiry date of the advertisement to lodge the transfer documents with the Deeds Office to transfer fixed property into the heirs names and ensure completion thereof.
• Obtain final tax assessment from SARS and finalise the deceased estate, by paying out the amount previously reserved in the cash statement for finalisation of the estate.
• Achieve set target as set out by management at the beginning of the year by taking in the executor's fees within the company norms.
• Ensure that all post (incoming mail, fax and correspondence) and filing is up to date as per the company norms (three days turnaround time) and report any irregularities (e.g. backlog of filing / post) to management timeously.

Accountability: Customer service (30%)
Outputs to deliver this accountability:

• Keep clients updated on progress of the estate by reporting on a monthly basis (telephonically, written correspondence, etc) in a professional manner to ensure that a high standard of customer service is given
• Maintain a high standard of service during the administration process without any supervision, by providing excellent customer service and immediate attention to client needs
• Build and maintain a relationship with various stakeholders (i.e. valuators, auctioneers, attorneys, Master of the High Court, South African Revenue Service) by continuously engaging and ensuring satisfactory client service and good relations
• Ensure that queries do not turn into complaints by addressing these within a period of twenty four hours.
• Be knowledgeable on the Estate Administration Act, in order to comply with all the legal aspects in deceased estates.

Accountability: Compliance (10%)

Outputs to deliver this accountability:

• Adhere to ABSA compliance requirements and industry related legislations in order to maintain a high standard of service
• Adhere to business processes and controls practice; non‐adherence may lead to disciplinary actions
• Complete all compulsory compliance and legislation training within the required timeframes as prescribed by Absa Risk
• Adhere to risk and compliance policies in terms of Environmental Health and Safety, Information Security, Records Management and Money Laundering, Sanctions etc. Non‐adherence to Absa's Policy & Procedures may lead to disciplinary action

Education and Experience Required

• NQF Level 6:
• Bcom Law or LLB (Essential)
• National Diploma in Estate and Trust or Deceased Estate (Preferred)

Education

• Higher Diplomas: Business, Commerce and Management Studies (Required)

go to method of application »

Job Description

Customer Experience:

• Responsible for all customer enquiries, service level agreements, and to ensure delivery according to set standards.

Deal Facilitation:

• Handle all customer interactions professionally and efficiently.

Contract Administration:

• Responsible for all customer enquiries, service level agreements, and to ensure delivery according to set standards.

Education

• Further Education and Training Certificate (FETC): Business, Commerce and Management Studies (Required)

go to method of application »

Job Summary

• To provide advice and support in sales practice formulation and best practice improvement tactics in order to increase sales for customer segments.

Job Description

• Credit Risk Management: To conduct quality credit assessments and present bankable solutions pertaining to Business Support clients in CPF & AGRI sector. | Credit Portfolio Management: Proactively manages the overall clients' value through optimising revenue opportunities i.e. pricing for risk and ensuring that they mitigate and manage the credit exposure to the Bank by adhering to the Business Support Policy and Procedures and the Bank's Credit policy. | Impairment and Risk Management: Monitor the client/s business performance on a continuous basis, in addition to performing formal reviews at specified time intervals, to ensure early identification of changes to the client's risk profile. | Input into Credit Lending Strategies: Explore new, improved and alternative ways of credit lending by liaising and interacting with Business Support staff and other Absa role-players and transfer this know-how to others in the department with the intention of making them the new departmental standards. | Credit Policy Compliance and Governance: Comply with the Bank’s credit policies and philosophy at all times, and that any policy breaches have been suitably addressed and mitigated against and reported to the appropriate authority i.e. Forensics. | People Management: Coach, mentor and manage team members toward driving business objectives and ensuring colleague development

Education

• Bachelors Degree and Professional Qualifications: Business, Commerce and Management Studies (Required)

go to method of application »

Job Summary

• To prepare specialist operations information for all stakeholders of the business for informed decision making and to support the business.

Job Description

• To administer the Deceased Estates of high-net worth clients in respect of Estates over R5 million and above complicated Estates which involve Capital Gain, Estate Duty, Farms & Companies.

Administration of deceased estates:

• Receive leads from Fiduciary Consultants within Absa Trust / Brokers and/or incoming mail from the Absa bank branches or phone in clients on high-net worth clients / Private Bank that require assistance in processing Deceased Estate.
• Arrange meetings with clients to personally discuss the Deceased Estate and establish the asset value, profile and liabilities by taking an inventory of all assets the deceased held at the date of death. This information can only be obtained from the family of the deceased at the initial meeting
• Analyse the content of the Will to establish whether it is executable or not (e.g. Farm property bequeathed to more than one person, this is not possible in terms of the Act 70 of 1970). After analysing the Will consider possible solutions and make suggestions to the client (i.e. Redistribution agreement, Close Corporations, Companies / Deed of Election / Possible cash shortfall, Estate duty payable, possible Capital Gains Tax implications).
• Report the deceased estate to all relevant stakeholders via written correspondence, newspaper and Government Gazette (Master of the High Court, SARS, banks, insurance companies, auditors), to obtain Letters of Executorships, certificate of balance, evaluations of shares, deeds search, outstanding tax returns, membership of interest in close corporation. (In terms of the Estate Administrations Act the executor cannot administer an estate until they are in receipt of this documentation).
• On receipt of Letter of Executorship from the Master of the High Court; advertise (e.g. advertise in the local newspaper and Government Gazette) and for any debtors / creditors (section 29 notification) in respect of the estate late to submit their claims within thirty days of date of advertisement.
• Receive all relevant information as requested by the various stakeholders and start redeeming and transferring assets e.g. all assets in the name of the deceased which cannot be transferred must be redeemed and it is dependable on the instructions from the heirs / cash shortfall on the estate.
• Draft the liquidation and distribution account to reveal the true reflection of all the assets and liabilities as at date of death and submit any outstanding tax returns to SARS.
• Advertise (for twenty one (21) days) the Liquidation and Distribution account (section 5 notification) in the local newspaper / Government Gazette and with the Magistrate in the district were the deceased resided twelve (12) months prior to date of death and lodge the Liquidation and Distribution account with the Master of the High Court to attain approvals on the account / estate duty assessment to ensure the executor has adhered to its duties in terms of the Will.
• Instruct the Absa panel attorneys on the expiry date of the advertisement to lodge the transfer documents with the Deeds Office to transfer fixed property into the heirs names and ensure completion thereof.
• Obtain final tax assessment from SARS and finalise the deceased estate, by paying out the amount previously reserved in the cash statement for finalisation of the estate.
• Achieve set target as set out by management at the beginning of the year by taking inthe executor's fees within the company norms.
• Ensure that all post (incoming mail, fax and correspondence) and filing is up to date as per the company norms (three days turnaround time) and report any irregularities (e.g. backlog of filing / post) to management timeously.
• Keep clients updated on progress of the estate by reporting on a monthly basis (telephonically, written correspondence, etc) in a professional manner to ensure that a high standard of customer service is given.
• Maintain a high standard of service during the administration process without any supervision, by providing excellent customer service and immediate attention to client needs
• Build and maintain a relationship with various stakeholders (i.e. valuators, auctioneers, attorneys, Master of the High Court, South African Revenue Service) by continuously engaging and ensuring satisfactory client service and good relations
• Ensure that queries do not turn into complaints by addressing these within a period of twenty four hours.
• Adhere to ABSA compliance requirements and industry related legislations in order to maintain a high standard of service
• Adhere to business processes and controls practice; non-adherence may lead to disciplinary actions
• Complete all compulsory compliance and legislation training within the required time-frames as prescribed by Absa Risk
• Adhere to risk and compliance policies in terms of Environmental Health and Safety,
• Information Security, Records Management and Money Laundering, Sanctions etc. Nonadherence to Absa's Policy & Procedures may lead to disciplinary action
• Be knowledgeable on the Estate Administration Act, in order to comply with all the legal aspects in deceased estates.
• Perform all other duties as reasonably assigned.

Education

• Bachelor`s Degrees and Advanced Diplomas: Estate and Trust Management (Required)

go to method of application »

Job Summary

• To perform the activities of financial reporting to internal and external stakeholders of the group to ensure that financial reporting is performed accurately, timeously and complies with IIFRS, the JSE listing requirements, the Companies act, the South African Reserve Bank (SARB) as well as specific requirements of analysts, the group audit and Compliance Committee (GACC) and the board of directors for Absa Group Limited and Absa Bank Limited.

Job Description

Key Accountabilities 

Accountability: Monthly Reporting

• Review the financial results, obtaining commentary from Analytics and Balance sheet control for the various clusters.
• Prepare monthly performance matrix.
• Review and approval of Exco codes and GL accounts to ensure that they are aligned to the chart of accounts and external reporting requirements

Accountability: External reporting

• Prepare/update the booklet, SENS and financial statements in CDM, as well as the advertisement outside CDM
• Perform a bi-annual analysis of the afore-mentioned report, to ensure they comply with external stakeholders’ requirements (i.e. IFRS, Companies Act, King III, JSE listings requirements).
• Attend to queries from internal stakeholders, rating agencies, external auditors, financial analysts and the JSE Limited by requesting information and reviewing the responses for accuracy and validity.
• Ensure accuracy and completeness of disclosures through analysis and comparison between different reports (internal and external).
• Review web forms for all the relevant disclosure requirements and to ensure that validations are in place to enforce accurate submission.
• Obtain all the relevant information needed for external financial reports.
• Agree comparatives to numbers released and resolve any discrepancies, by taking re‐statements into accounts. Ensure that restatements are fully understood and supported.
• Review all components of external reports for reasonability, validity, accuracy and consistency.
• Prepare and maintain the segment report (including the various ratios per segment) and ensure that all changes are incorporated timeously. Assess all results reported for reasonability.
• Obtain signoff from clusters for external reports and follow up on any queries.
• Meet with graphic designers to for design of the external reports. Ensure signoff of the designs by all the relevant internal parties
• Assist in preparing reports to the GACC and the Board.
• Keep up to date with changes in accounting standards (IFRS) and other regulatory requirements

Education and Experience Required

• Chartered Accountant CA(SA) strongly preferred
• 3 year Accounting articles (this includes supervision and review, passing the Board exams and completing recommended hours for the training contact)
• Minimum B Com Accounting degree required, Honours in Accounting preferred together with IFRS reporting experience and banking industry experience

Knowledge & Skills:  

• Analytical skills
• Communication (verbal and written)
• Report writing skills
• Microsoft Office ‐ Excel, PowerPoint
• Technical accounting knowledge
• Specialist knowledge and skills
• Negotiation skills
• Using Analyst and creating templates
• Understanding Group Structure

Competencies:

• Deciding and initiating action
• Learning and researching
• Commercial thinking
• Relating and networking
• Adapting and responding to change
• Persuading and influencing
• Creating and innovating

Education

• Postgraduate Degrees and Professional Qualifications: Accounting (Required)

go to method of application »

Job Summary

• To be part of the team that looks after the activities of financial reporting to internal and external stakeholders of the Absa Group and Absa Bank to ensure that financial reporting is performed accurately and timeously and complies with International Financial Reporting Standards (IFRS), JSE Limited listing requirements and the Companies Act as well as specific requirements as communicated by analysts, the Group Audit and Compliance Committee and the Board of Directors for Absa Group Limited and Absa Bank Limited.

Job Description

Accountability:  Monthly Reporting

• Reviewing the financial results, obtaining commentary from Analytics and Balance sheet control for the various clusters.
• Attendance to queries from internal reviews, external auditors, financial analysts and the JSE Limited by requesting information from the relevant team members and reviewing the responses for accuracy and validity.

Accountability:  Projects

• Be involved and contribute to improvement projects within the department including SAP 4 Hana, Hyperion Essbase and Planning, IFRS 17.

Accountability:  External reporting

• Review the team’s preparation/updates to CDM notes that are included reports for booklet, SENS and financial statements.
• Perform an analysis, to ensure that any changes to the notes and accounting standards are taken into account. Ensuring accuracy of the disclosures through analysis and comparisons to annual financial statements. Taking into account note consistency across reporting levels.
• Assist the team with HFM web form queries needed for external reports prior to release to ensure that all the relevant disclosure requirements are included in the web forms and that the necessary checks and validations are in place to ensure accurate submission by business units.
• Assist the team with necessary escalations to ensure data is received timeously taking into account reporting deadlines.
• Agree prior year figures to reported figures and following up on any and resolving discrepancies, taking into account re‐statements where applicable.
• Confirming accuracy of disclosures through analysis and comparison to other reports within the team. Review all components of external reports to ensure reasonability, validity, accuracy and consistency across all. Ensure that financial information in other reports (included in the integrated report) agrees to financial information as reported in other external reports.
• Obtain signoff from the team as notes are completed. Also provide signoff post review of note has been performed.
• Ensure compliance to the Group's accounting policies, the Companies Act and King III.
• Assist in preparing reports to the GACC and the Board alongside the Report Owners Manager.
• Keep up to date with changes in accounting standards (IFRS) and other regulatory requirements to ensure proper and adequate disclosures.
• Liaise with auditors regarding the review of financial statements and ensure that comments raised by auditors are being dealt with adequately. Meet with auditors to discuss audit budgets and possible fee overruns to be presented to the financial controller.

Accountability:  Internal reporting

• Check the accuracy between the Exco report, GACC report, Board report, Segment report, the financial results booklet, SENS announcements as well as the financial statements.

Education and Experience Required

• Chartered Accountant CA(SA) strongly preferred
• 3 year Accounting articles (this includes supervision and review, passing the Board exams and completing recommended hours for the training contact)
• Minimum B Com Accounting degree required, Honours in Accounting preferred together with IFRS reporting experience and banking industry experience

Knowledge & Skills:

• Analytical skills
• Stakeholder management (over reporting periods key stakeholders include direct team members, management and external audit)
• Communication (verbal and written)
• Report writing skills
• Microsoft Office ‐ Excel, PowerPoint, Word
• Hyperion Essbase and Planning exposure beneficial
• Certent CDM exposure beneficial
• Technical accounting knowledge
• Specialist knowledge and skills – Banking exposure beneficial
• Negotiation skills
• Time management skills
• Understanding group structures and chart of accounts

Competencies:

• Deciding and initiating action proactively
• Learning and researching
• Commercial thinking and applies to work responsibilities
• Relating and networking
• Adapting and responding to change
• Persuading and influencing
• Creating and innovating
• Drives efficiencies and automation in work responsibilities

Education

• Bachelor`s Degrees and Advanced Diplomas: Financial Sciences (Required)

go to method of application »

Job Summary

• Perform Onboarding validation and remediation functions for Relationship Banking clients within the regions. This involves ensuring 100% fit-for-processing on-boarding applications, complete all outstanding FICA requests manage restrictive control and special deferrals processes. Perform all client remediation, including refresh ensuring that the validation adhere to and upholds the standards required by regulatory and business rules.

Job Description

Job Description

Accountability: Validation of Client & Product On-boarding

• Comply with Regulatory Risk, Compliance and Governance requirements
• Perform the validation for on-boarding applications to ensure compliance
• Perform activation of product instructions
• Ensure that all service levels agreements with support areas are met or escalated and resolved timeously to enable delivery of acceptable client experience

Accountability: Team Work and Self Development

• Be an active participant in meetings and provide suggestions for ways of improving client service
• Share best practices and specialist knowledge with the team to improve service delivery
• Create supportive relationships with colleagues and create a sense of team spirit
• Keep abreast of relevant training to the role including own regulatory training completion by due date
• Maintain and continuously look for opportunities to further develop skills and knowledge base
• Build a sound understanding of Relationship Banking knowledge
• Demonstrate willingness and ability to perform to the very best to ensure personal alignment to Absa values and vision

Education and experience required/Recommend

• Minimum NQF Level 6 or equivalent qualifications
• 2-3 years Banking experience with at least 1 years exposure in regulatory related functions

Knowledge and skills:

• General banking understanding (including client and product knowledge)
• Good understanding of KYC methodology , and regulatory framework
• Knowledge of Remediation and Refresh Standards
• Understanding of quality standards
• Strong interpersonal and relationship skills

Education

• National Diplomas and Advanced Certificates: Business, Commerce and Management Studies (Required)

go to method of application »

Job Summary

• The overall responsibility of Product Control includes P&L reporting, balance sheet substantiation, and/or responsibility for process ownership within an asset class, and/or involvement in broader, floor wide Product Control initiatives

Job Description

Reporting & Substantiation related responsibilities include:

• Accounting – posting to the General Ledger accurate and timely information
• Substantiation of the trading balance sheet – ensuring the full trading balance sheet can be substantiated
• Regulatory reporting alignment - ensuring the Balance sheet is aligned to reports send to regulators
• Data ownership – Ensuring the quality and accuracy of the data going downstream to other infrastructure areas
• Control environment – Overseeing the control environment in which the business operates
• P&L review – understanding and providing commentary on the P&L
• In the process of production focus is needed on:
• Reporting – Ensuring reporting is accurate and timely
• Control – Continue to implement the on-going control environment and report any deficiencies or issues to managers

Critical to your responsibilities:

• P&L reporting and BS substantiation
• Interaction with key stakeholders
• Process Owner
• Strategic and/or Project and /or Change related Initiatives

Preferred education, qualification & skills:

• CA(SA) / B degree/similar qualification in a financial/related discipline
• Knowledge of Investment banking products
• Investment Banking understanding / interest

Education

• Bachelors Degree and Professional Qualifications: Business, Commerce and Management Studies (Required)

go to method of application »

Job Summary

• Our Absa Corporate and Investment Bank (CIB) Legal team has an exciting role for a Senior Legal Counsel in SA Debt Legal.
• In this role you will contribute to management by identifying and mitigating legal risks across its Debt business in South Africa and where applicable or required across the continent. You will be expected to provide accurate, expert and specialised legal advice on legal and regulatory matters and be involved in the structuring of leverage and acquisition finance transactions in line with the relevant and general banking practices, procedures and regulations. You will also be a key point of contact on a day-to-day basis for the business team, and responsible for providing on the go pro-active legal advice, support and risk management.
• This role is suited to a candidate with a B-degree in Law, Admitted attorney or Advocate as well as 5 Plus years or more relevant experience as an in-house legal counsel in a financial institution, other corporate or in a reputable law firm.

Job Description

Accountability: Legal Risk

• To provide highly specialised legal advice and support to the dedicated area of support.

Accountability: Leadership & Management

• Demonstrates strong relationship management skills with clients
• Plan and manage projects and matters through to completion, including resourcing
• Contribute to the development and implementation of team objectives and strategy and provide high quality support to the business as required by interacting with different legal and business stakeholders.
• Work independently with minimal supervision and demonstrate the ability to supervise where appropriate

Accountability: Commercial

• Demonstrate strong analytical skills and solve complex problems creatively and effectively
• Drives good cost control behaviour, especially around external spend and consistently deliver against a broad range of competing target
• Manage external counsel and represent AGL on relevant industry forums and professional bodies where required
• Add value in commercial as well as technical discussions, and provide training that is beneficial / informative to internal clients 

Accountability: Risk and Control

• Actively raise the profile of the legal function and improve on Legal Key Risks
• Manage and create awareness by embedding legal policies and control requirements in all areas of the business
• Provide appropriate challenge and equally be robust in the face of challenges
• Build strong risk partnerships with colleagues in other functions (especially key control areas)
• Fully understand the role of legal in AGL and how it interacts with other functions and the business.

Accountability: Teamwork:

• Proactively collaborates across different teams and geographies within Legal to break down silos
• Provide objective and constructive feedback and openly shares knowledge and expertise

Accountability:  Technical

• Acts as a trusted advisor to business and other infrastructure areas; understands market and legal developments and their impact on business
• Contribute to industry-wide initiatives and have a good network amongst peer group externally

Education

• Bachelor Honours Degree: Law, Military Science and Security (Required)

go to method of application »

Job Summary

• The overall responsibility of Product Control includes P&L reporting, balance sheet substantiation, and/or responsibility for process ownership within an asset class, and/or involvement in broader, floor wide Product Control initiatives.

Job Description

Reporting & Substantiation related responsibilities include:

• Accounting – posting to the General Ledger accurate and timely information
• Substantiation of the trading balance sheet – ensuring the full trading balance sheet can be substantiated
• Regulatory reporting alignment - ensuring the Balance sheet is aligned to reports send to regulators
• Data ownership – Ensuring the quality and accuracy of the data going downstream to other infrastructure areas
• Control environment – Overseeing the control environment in which the business operates
• P&L review – understanding and providing commentary on the P&L
• In the process of production focus is needed on:
• Reporting – Ensuring reporting is accurate and timely
• Control – Continue to implement the on-going control environment and report any deficiencies or issues to managers

Critical to your responsibilities:

• P&L reporting and BS substantiation
• Interaction with key stakeholders
• Process Owner
• Strategic and/or Project and /or Change related Initiatives

Preferred education, qualification & skills:

• CA(SA) / B degree/similar qualification in a financial/related discipline
• 2 to 3 years PQE experience
• Knowledge of Investment banking products
• Investment Banking understanding / interest

Education

• Bachelor`s Degrees and Advanced Diplomas: Financial Sciences (Required)

go to method of application »

Job Summary

• An opportunity has become available for an experienced Head of Audit/ Director to join our Insurance South Africa (Short Term and Life Insurance) Absa Internal Audit (IA) team, which is part of the Absa Financial Services (AFS) Group. The Insurance SA business provides short term and life insurance products to our Absa customers. In addition, the wider AFS Group also provides stockbroking, trusts, wills, estates and financial management services, of which the incumbent must be familiar with. The incumbent is required to also have a solid understanding of Banking, in order to support the Bank’s bancassurance strategy (cross-sell between secured lending products (Home loans and Vehicle and Asset Finance) and insurance products).
• The Head of Audit: Insurance SA will provide end to end audit support to the Insurance Businesses. Accountable for defining the audit plan for this relevant portfolio and part of IA Extended Leadership team responsible for the delivery of the audit plan and to ensure that audit assignments are executed in compliance with the relevant IA assurance methodology. Be responsible and accountable for the quality of the audit work performed and the efficiency and effectiveness of the audit team.

Job Description

Key Accountabilities:

Strategic Initiatives:

• Digitally and Technology enable: Contribute to the Digital Book of Work of the IA Function. Use of Tools and Technology in the portfolio.
• New Ways of Work Operating Model: Build skills that are future fit, self-sufficient audit teams, load balancing for thinking versus execution time, flatter/less hierarchy in structures.
• Stakeholder engagement model: aligned to IA overall principles for driving a profession, value adding, service oriented, digitally savvy owner led stakeholder engagement approach for the portfolio.
• Contribute to the overall Absa IA Brand, Positioning and Communication Initiatives.

Audit Delivery:

• Budget/Finance Management - cost for the Audit portfolio to be optimised and tracked against budget. Timesheet completion for self and team to be done on time each week applicable period; Timesheet completion for self and team to be done on time each week applicable period.
• Customer interaction and business monitoring: Manage relationships with senior stakeholders across each portfolio, and participation at key Risk/governance committees to inform view of overall BU/Function Risk profile. Review and approval of Reporting - which BU/Function IA attends. Reporting Ensure high quality factually accurate, complete and insightful Reporting – Enterprise Risk Committee (ERC), Group Audit and Compliance Committee (GACC), Regulators et al.
• Annual Audit Planning: Accountable for formulation of the Portfolio Annual Audit Plan and contribution to the BU/Function Portfolio's audit plan. Responsible for the "top-down" approach to planning whereby he/she will communicate the key strategic focus areas and emerging risks and topics noted as part of business monitoring and ensure they are appropriately included in the audit plan.
• Audit Delivery aligned to the agreed phasing principles Risk identification and input into audit planning/scoping and reporting for both Control Environment and Management Control Approach. Ensure adherence to Quality assurance requirements and manage audit risk throughout the audit. Manage stakeholder relationships at an accountable executive level for audit assignments. 
• Audit Delivery: Accountability for overall Portfolio Management i.e. managing quality of review in line with QA standards and the agile management of the BU/Function team to ensure efficient and valuable delivery of the BU/Function Audit plan. Manage ongoing communication with audit stakeholders including control owners etc. 
• Review and approval of Planning documents, sample work papers and audit issues and draft/final audit report. Clearance of audit report with the accountable executive.
• Issue Validation:  Ownership of issue validation process i.e. ensuring high quality and timely validation of audit issues (within stipulated KPIs). Approval of Issue validation work performed and sending out issue closure or re-open communication.
• Prepare monthly and quarterly combined assurance submissions, where relevant.
• Proactive management and reporting of open, long-overdue, re-opened issues and other audit results to internal and external stakeholder in order to play a role in ensuring a healthy control environment. Quarterly analysis of assurance delivered, with results classified into themes, root causes and insights. Actively contribute towards IA's contribution at the Group Control Environment Steerco.
• Changes to the audit plan well managed and only valid and responsible changes.
• Audit File Review Results for the portfolio should be within the File Review Risk Appetite. No material exceptions raised in QA reviews or audit reports to be re-issued. Timely remediation of QA exceptions (no overdues). Positive results (no significant issues) in the annual ISA 610 report. Positive Stakeholder Feedback results per Portfolio.
• Data analytics- all audits able to use data analytics, where possible. Re-useable scripts with a plan of demonstration of re-deployment.
• IA submissions to any and all stakeholder forums- to be risk based, of quality, include well analysed and articulated messaging and insights and require minimal re-work from CIA feedback.

Leadership / Culture / Values:

• Leadership/Values/Culture: Demonstration of Absa and IIA code of conduct values/behaviours in all aspects of work. Playing a positive role in team effectiveness sessions and in the unpacking of Colleague Experience Survey results.
• Team Player: Positive team engagement, helping build the desired culture for IA. Measure of success - all survey scores and feedback from stakeholders to be within target ranges, including Colleague Experience Survey.
• New Ways of Work: Timely adoption and role modelling of all new ways of work and enabling technology i.e. strategic initiatives/platforms/tools/solutions i.e. on effective date to ensure it supports implementation and embedment across function.
• Retention of talent and timely recruitment of approved roles and level of attrition within IA target range. Retention of staff: managing level of attrition within IA target range.
• Develop, Grow and Learn (Self and Team): Timely feedback on performance, development feedback, career development planning and training and Learning and Development (L&D) for self and team; succession plans in place for key roles, individual development plans in place for all team members.

Stakeholder Management:

The key clients and stakeholders will be the Product Solutions Cluster (Secured Lending and Insurance combined) and Insurance SA Managing Executives. With emphasis on:

• Possess excellent communication skills (verbal and written) to effectively communicate to clients.
• Build relationships with the business on key initiatives, attending key committees and sharing their view of the business’ control assessments.
• Know our clients/customers and understand how the team’s work benefits them.
• Lead a team of professional and subject matter experts, who may be line managers themselves.
• Embed the performance culture and role model Group values and behaviours.
• Manage and lead teams through change, both individually and as a function.
• Actively contribute to the wider talent development of the function through coaching, mentoring, providing constructive feedback.
• Attract and retain talented individuals who can contribute to the Audit Function of the future, building a strong pipeline of skills and capabilities. 
• Align to IA overall principles for driving a profession, value adding, service oriented, digitally savvy owner led stakeholder engagement approach for the portfolio.

Preferred Education:

• Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)
• Relevant professional qualifications as appropriate (e.g. CA, CIA, CISA)

Preferred Experience:

• Ten years’ experience in Internal/External audit or commensurate experience in a major financial institution or Big 4
• Financial services industry knowledge especially Banking, Insurance, Bancassurance, etc.
• Knowledge about new and emerging financial products and services.
• Knowledge of prevailing legislation requirements, the insurance industry and bancassurance practices will be an added advantage.

Knowledge and Skills:

• Proven experience of managing teams in a complex, matrix environment; adaptable leadership style
• Extensive experience in risk-based auditing or risk/control activities
• Thought leadership
• Evidence of driving change, leading business initiatives and setting direction and strategy
• Ability to communicate and influence at very senior levels in the organisation
• Passionate about developing talent and performance management
• Ability to think and operate in an enterprise-wide capacity, contributing to the main effort of the Function over the demands of individual silos

Education

• Postgraduate Degrees and Professional Qualifications: Financial Sciences (Required), Postgraduate Degrees and Professional Qualifications: Statistics (Required)

go to method of application »

Job Summary

• To provide specialist advice and support in area of specialisation enabling the provision of sound operations and administration services. Selecting this role has a compensation & benefit impact in Kenya. Please contact Reward for details.

Job Description

• Specialist expertise and support: Provide specialist operations expertise, support and guidance to address operational issues in the business | Change programmes: Play the role of SME on operational change and efficiency programmes | Continuous improvement: Continuously identify and give input on ways to improve operations in the business | Compliance and Risk Management: Fulfil all activities in adherence to relevant control and compliance requirements, and quality standards | Administration: Ensure the effective fulfilment of all required administrative duties, including tracking and reporting 

Education

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