Job Purpose
To review and assess the high-risk areas of the business in order to give assurance to the Group Audit Committee, Business Executives and Shareholders that good governance practices are in place and internal controls are exercised throughout the financial period. Provide support in ensuring the achievement of the Group Internal Audit function mission which is to provide independent, objective assurance and consulting services that are designed to add value and improve Group operational controls. Support Group Internal Audit in accomplishing its objectives by bringing a systematic, disciplined approach to the evaluation and improvement of the effectiveness of risk management, control, and governance processes.
Key Responsibilities/Accountabilities
Review and implement functional and service strategy
- Understand the GIA strategy and its link to Group Strategy.
- Understand and Comply with the GIA standards and methodology as defined and supported by the audit tool.
- Execute allocated operational plans in line with the GIA strategy.
- Create and manage component of overall project plan. Meet assigned budget and project milestones. Provide formal weekly project status updates/reporting.
- Contribute to definition and delivery of team goals and KPIs to support delivery of GIA annual performance goals.
- Provide input to all committee reports as required.
Manage relationships for allocated portfolios
- Build and foster a good relationship with business units, enabling functions, risk and compliance management stakeholders (all relevant levels of management impacted by the service) especially those working in your allocated audit portfolio – through regular communication and formal status reporting.
- Build and foster a good working relationship with internal audit teams and colleagues (all relevant service teams and management levels) to promote cross skilling and optimise cross team delivery – through regular communication.
- Understand detailed business process activities as well as activities performed in enabling functions that support these.
- Understand annual key risk concerns for the business area as well as industry and latest trends impacting risk and control practices
- Maintain core competency (technical) knowledge and best practice within portfolio. Review and provide feedback to GIA Operations regarding updates / enhancements required to GIA Standards and Methodology.
- Identify and recommend areas of improvement (to accountable process owners) in the control environment of your allocated audit portfolio and other areas of the group.
- Report or share information on emerging trends and potential solutions for addressing control weaknesses, process efficiency challenges or resolving open audit issues.
- Perform active portfolio management of a sub-portfolio in credit risk, displaying a detailed understanding of credit risk strategy and risk appetite setting (including the management there off); impact of current business strategy on the book; key risk metrics and how that informs management actions taken; micro- and macro-economic impact on the credit portfolio’s performance; IT systems used and impact on risk management practices; RCSAs, operational risk losses and near misses
- Creating a risk universe for assigned portfolio and formulation of the appropriate audit response to address risks requiring attention.Review and implement functional and service strategy
- Understand the GIA strategy and its link to Group Strategy.
- Understand and Comply with the GIA standards and methodology as defined and supported by the audit tool.
- Execute allocated operational plans in line with the GIA strategy.
- Create and manage component of overall project plan. Meet assigned budget and project milestones. Provide formal weekly project status updates/reporting.
- Contribute to definition and delivery of team goals and KPIs to support delivery of GIA annual performance goals.
- Provide input to all committee reports as required.
Minimum Qualification and Experience
Degree: Business Commerce and /or Computer Science with relevant auditing experience5-7 Years Managed a small to medium sized team and the delivery of an annual audit plan for a medium to large business.
Finance
(Financial/Statutory Accounting)
2-4 Years Understands accounting transaction posting rules and general acceptable financial reporting standard
Technology
Practical working knowledge of business processes and controls as well as business applications that support them
1-2 Years.