Wholesale Credit Audit Manager at Absa Group

We have an exciting opportunity for an Internal Audit Manager with quantitative expertise to join our Group Internal Audit team. The individual will be required to manage a team of auditors in providing quantitative analytical support to the audit engagements for our wholesale credit business. The ideal candidate will have experience in credit risk modelling techniques, wholesale credit risk and/or counterparty credit risk management. Strong knowledge of commercial corporate banking and/or credit adjudication, understanding of regulatory requirements e.g capital requirements regulation, leverage finance and stress testing / CCAR is critical to succeed in the role.

Other responsibilities include, but not limited to:

• Plan the delivery of assigned audits to a high quality across the business and in line with Key Performance Indicators as per the methodology. This will include adequate resourcing scheduling, meeting key deliverables in terms of audit timelines and review of audit work to confirm that the minimum requirements as per methodology are met.
• Act as a mentor for auditors across the business and peers to provide guidance to ensure that their work exceeds quality standards.
• 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 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
• 3-5 years’ experience in Internal/External audit or commensurate experience in a major financial institution
• 2 years’ experience in risk based auditing or risk/control activities.