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Nedbank Group Limited is a bank holding company that operates as one of the four largest banking groups in South Africa. The company's shares have been listed on the JSE Limited since 1969. The group offers a wide range of wholesale and retail banking services through four main business clusters, namely Nedbank Corporate and Investment Banking, Nedbank Retai...
Job Purpose
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 its authority from the Group Audit Committee (GAC), which is a committee of the Board of Nedbank Group Limited established to, among other things, review the work of Internal Audit of Nedbank Group Limited and its subsidiaries (the "Group").
To manage and lead a team of professionals to deliver the annual audit plan thereby providing reasonable assurance to stakeholders that key risks are being mitigated through adequate and effective management controls in accordance with Group Internal Audit (GIA) methodology.
Job Responsibilities
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;
Report periodically on the measurable performance of GIA, including audit plan delivery and financial performance;
Accountable for the delivery and measurable performance of GIA, including audit plan delivery against financial targets;
Provide insights from the outcomes of internal audit work to appropriate governing bodies, including the GAC and Board Risk Committee;
Maintain an open and constructive relationship as a Trusted Advisor with senior internal and external stakeholders including Institute of Internal Audit, SARB, External Audit and Business Executives.
Build an effective team and performance of staff by implementing performance agreements and ensuring a clear vision.
Ensure that staff stays abreast in field of expertise and deliver on the expectations from stakeholders.
Create an environment of teamwork that contributes to Group Internal Audit (GIA).
Build rapport and understand client current business reality, requirements, risks and expectations and consider key and/or emerging risks in annual audit plan.
Build trusting relationships and improve credibility and quality of audit outputs by achieving team objectives through engaging with staff, peers and other departments.
Ensure that billable hours, budgets and resources are optimally planned and quality audits are delivered. Deliver projects cost effectively and monitor the productivity of resources.
Ensure improved productivity and the delivery of projects within agreed timelines. Ensure transformational target are met.
Deliver world class service through others by creating a client service culture.
Achieve operational excellence and support the implementation of business optimisation improvement in GIA.
Identify and ensure compliance with laws, regulations, and guidelines and improve control culture.
Identify and consider internal and external factors to develop and update annual risk based audit plan with clear levels of accountability
Review the quality, relevance and commerciality of assignment audit reports.
Essential Qualifications - NQF Level
Advanced Diplomas/National 1st Degrees
Preferred Qualification
CA (SA)
Essential Certifications
Certified Information Systems Auditor (CISA) and optional Certified Internal Auditor (CIA)
Certified Internal Auditor (CIA) or Certified Information Systems Auditor (CISA) or Certified Financial Services Auditor (CFSA)
Type of Exposure
Influencing stakeholders to obtain buy-in for concepts and ideas.
Conducting quality assurance reviews
Sharing information in different ways to increase stakeholders understanding
Building and maintaining effective relationships with internal and external stakeholders
Auditing
Interacting with diverse people
Analysing and interpreting qualitative and quantitative data
Financial services; preferable banking
Communicating standards to others
Consolidate data from various sources and identify/interpret trends
Minimum Experience Level
4-5 years Specialist Auditing
Financial Services experience preferable.
Managed a team for a minimum of two years. Experience engaging with all levels of Management
Significant internal audit and / or risk management experience in banking
IT general and application controls testing.
Basic data analytics controls testing.
Technical / Professional Knowledge
Audit reporting
Audit standards and practices
Banking knowledge
Governance, Risk and Controls
Ethics and Fraud
Reputational risk management
Information technology
Business writing skills
Regulatory, Legal and Economics Principles
Business Acumen
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