Internal Auditor - Absa Financial Services at Absa Group Limited (Absa)

Job Summary

To provide specialist advice & support in area of specialisation enabling the provision of an approved audit plan in compliance with auditing methodology.

Job Description

The RBB Insurance Group and Relationship Banking Internal Audit team is looking for a detail-oriented team player with an interest and preferably experience in the insurance, investment management and non-banking financial services environments (or any combination of these), who wants to gain insight into the various business operations and control processes across Africa. The Absa Financial Services (AFS) Group division provides wealth, investment management, stockbroking, trusts, will estates, financial management and short-term/life insurance products to our Absa customers. If you are interested in expanding your bancassurance experience in the non-banking arena of the financial services industry in a risk-based environment, we would be keen to engage with you and widen your career aspirations!

This opportunity has become available for an experienced auditor to join our Group Internal Audit division. The post holder will execute audit assignments in accordance with the Group Audit Plan and relevant policies, procedures and quality standards.

Additional responsibilities include but not limited to:

• Advise Line Managers of any Policy and Procedures to be implemented.
• Monitor the implementation of Mandates in all Business areas.
• Ensure optimal positioning of Operational Risk within the business by creating awareness and understanding of operational risk among senior management.
• Assist the Audit Manager with planning and execution of Design Effectiveness and Operating Effectives Testing, uniformly applying the methodology and quality standards, focusing the work on key risks, with minimum supervision from the audit manager
• Develop and maintain relationships with key audit contacts on each audit by attending continuous stakeholder meetings. In addition, engage closely with stakeholders during assignments and encourage open discussion and interaction with business on the risks associated in their environment.
• Support the Audit manager in the identification of risks to be tested by participating in planning sessions.
• Develop an in-depth knowledge of Absa and the various business areas and use this knowledge to assess risks and controls through identifying, assessing and documenting risks and controls within these processes.
• Evaluate the design and operating effectiveness of controls and document all working papers in Synergy for review by the audit manager.
• Ensure all audit observations and planned actions are factually agreed with management as soon as they arise and increase the speed of report issuance. Provide suggestions to stakeholder management on how they can address the control issues identified.
• On an ongoing basis throughout the audit, discuss and agree the factual accuracy of audit observations with the Audit Manager and Head of Audit.
• Provide feedback to the Audit Manager and audit team with progress and observations raised during the audit by communicating honestly, frequently and effectively. Build and maintain good working relationships with fellow auditors..
• Prepare audit observations and make sure that they are concise, factually accurate and cover all of the significant issues. The observations must be insightful, address the root causes, and have agreed actions that fully mitigate the risk.

Education and Experience

• B Degree: Accounting, Internal Audit
• 2-3 years working in Internal/External audit or commensurate experience in a major financial institution.
• 2-3 years Risk and Governance Auditor experience , preferably from a Bank or Audit Firm or Consultancy

Knowledge & Skills:

• Knowledge governance and compliance advisory in respect of banking products and investment products
• Ability to influence and interact with various stakeholder
• Maintain confidentiality
• Ability to work in a pressurized environment

Education

• Bachelor`s Degrees and Advanced Diplomas: Internal auditing (Required)