Job Vacancies at Absa Group

An exciting vacancy has become available for an Internal Audit Manager with a track record of success to support our Corporate & Investment Banking (CIB) team. The post holder will plan, execute and manage audit assignments across the  in accordance with the Group Audit Plan and relevant policies, procedures and quality standards. The Audit Manager is responsible for managing the daily operations, quality of the audit work performed and the efficiency and effectiveness of the audit team.

The ideal candidate will have knowledge of Payment & Operations within Corporate & Investment environment, Strong operational skills and experience managing a team of Auditors. Financial Service or consultancy experience 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 (CoEs) 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.

Knowledge & Skills:

• Understand control, regulatory & risk issues

• Ability to articulate complex issues clearly

• Translate current best practices to audit strategy

• Displays good knowledge of key business processes

• Awareness of regulatory and compliance environment

go to method of application »

An exciting opportunity has become available for an enthusiastic performer with a track record of success to join our group internal Audit team in the role of Head of Reporting.

The successful incumbent will develop, manage and execute on Internal Audit reporting for the business. Lead, develop and improve the operating environment of Internal Audit reporting across change, systems, operations, governance and control to drive productivity and performance improvements within the function. This includes influencing the Internal Audit reporting strategy and translating it into substantive actions to create world-class capabilities in the reporting of business.

The role will require significant engagement with EXCO and as such, excellent written and verbal communication coupled with a strong attention to detail when preparing and reviewing reports is essential in the fulfilling the role. The individual needs to be highly numerate, combined with a good understanding of Internal Audit concepts and practices.

Other responsibilities include but not limited to:

• Oversee reporting to executives and external disclosures
• Enable value-add management information and  reporting for executive business decision making
• Ensure that reports are of a sufficient quality and high standard. All information/data is presented as efficiently and effectively as possible.
• Consider information received from business units and translate into less complex executive summaries as needed
• Ensure that the reporting process is efficient and that duplication is avoided. Report automation is to be implemented to reduced manual processes.
• Ensure business ownership and clarity is provided to business units on minimum reporting standards.
• Alignment of qualitative information to financial statements where applicable
• Ensure a clear, concise governance process is implemented and understood by all stakeholders
• Implement an assurance process to demonstrate embedding of policies in Business
• Provide accurate, transparent and timely reporting to the managing executive and the EXCO
• Define the metrics, indicators and dashboards for reporting
• Define standards for reporting the business risk profile and risk data aggregation
• Ensure effective controls are in place over the processes for reporting
• Work with portfolio heads within Internal Audit to ensure initiatives are aligned to the overall business change agenda.
• Provide strong leadership, direction and display role model behaviors, inspiring others to work together to achieve the strategic vision.
• Build effective collaborative working relationships with key stakeholders.

Education and Experience:

• B.Com Hons Degree, MBA
• CA (SA) or equivalent
• 5-10 years’ experience in the Banking sector
• At least 5 years’ experience in Internal Audit

Knowledge and skills:

• Risk management, risk appetite and risk measurement
• Communication and presentation skills
• Ability to articulate facts and data pertaining to risk management
• Implementation of Data reconciliation, completeness and accuracy checks
• Project management
• Operational management
• Strategic planning and implementation