Senior Audit Manager Position at Nedbank – Johannesburg

Nedbank Vacancies is seeking a Senior Audit Manager to ensure the security of its finances. You’ll require a master’s degree in science or commerce and amazing certifications like CIA as well as CISA. The job is about checking the rules, solving problems, and safeguarding funds. Are you ready to join an elite team? Apply today (Ref 139021) and read further down

Detail Information for Senior Audit Manager Vacancy in Nedbank

• Bank- Nedbank
• Position- Senior Audit Manager
• Location- Johannesburg, ZA
• Reference- 139021

Purpose Of Group Internal Audit (Gia)

• The goal for GIA is to give independent, objective assurance for members of the Nedbank Group Limited Board of Directors through the Group Audit Committee that the procedures for governance, control of risk, and the internal control systems are effective and efficient to minimize the risks (in conformity to GIA Internal Audit Methodology) that are both present and upcoming, that could jeopardize the realization of the Group’s strategic plan and main goals and aid in improving the management of risk and control within the internal management culture within the Group.
• GIA gets its authority from its Group Audit Committee (GAC) which is a member that is part of the Board of Nedbank Group Limited created to include, among other things, examine the activities of Internal Audit of Nedbank Group Limited and its subsidiaries (the “Group”).

Job Purpose

To provide leadership and direction to teams through providing an independent assessment of the control framework in members of the Nedbank Group Audit Committee in addition to making sure that effective risk management practices are implemented throughout Nedbank. Additionally managing relationships with stakeholders to ensure that the risk of credit is managed in line with Nedbank Group standards. Candidates who are successful will be required to, as part of the audits will be expected to communicate with the divisional teams involved in the area of Private Banking and Personal Banking to inform the purpose of the project to be undertaken as well as conduct field work and present the findings for the Board.

Job Responsibilities

• Provide periodic reviews of the results of internal audit work the appropriate bodies of governing, such as the GAC and the Board Risk Committee. Board Risk Committee
• Provide the reports on how effective the Governance, internal control, and risk structure of the Group
• Conform to the corporate and regulatory requirements for internal audit’s governance duties
• Discuss significant issues that affect the control processes used to manage those activities within the Group and suggest enhancements to these processes. and determine if Credit Risk Audit has enough qualified auditors with the required the necessary knowledge, skills and professional credentials to fulfill the requirements of the audit plan.
• Put in place a solid procedure for following up on the management’s actions that have been agreed to address concerns that are raised by the team
• accountable for the performance and measurement of their portfolios as well as assistance with the delivery of audit plans
• Use judgement to give an audited overall opinion on the internal financial controls within the Group
• Offer insights based on the results of internal audit work the appropriate the appropriate governing bodies
• Keep an open, positive relation as a trusted Advisor to both external and internal stakeholders like Institute of Internal Audit, SARB, External Audit and Business Executives
• Maintain and develop relations with the business and other key stakeholders to ensure reliability and the completeness of audit coverage. Also, contribute as an insight generator or trusted advisor to the businesses to increase the assurance of the control environment.
• Contribute to the creation of a rolling 12-month audit plan based on a risk-based method, taking into account the specific areas of strategic business focus and the regulatory requirements that relate to internal audit and also identifying any controls or risks that are identified by management as well as management, the GAC as well as the Board
• Put a solid procedure in place to monitor and monitor progress in implementing the agreed-upon measures to address the concerns identified in the Audit plan

Qualification

• Master’s degree in commerce or sciences
• Honours degree in commerce or sciences
• CIA,CISA,FRM,CIPRA

Minimum Experience Level

• 6-8 years of experiences in the field of financial services and risk management. Disqualifier
• 2 to 4 years of experience in a management job
• 2 to 4 years of experience in managing and leading diverse teams
• Understanding of operational risk, market and liquidity
• A thorough understanding of the relevant regulatory frameworks for financial services and regulations for compliance and the practical application of these.
• Audit experience

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Knowledge

• Accounting Standards
• Principles of Corporate Finance
• Principles of managing credit risk throughout the entire credit lifecycle
• Control, governance, and risk frameworks and methods
• The principles of project management
• Knowledge of relevant legislation and regulations
• Risk management process
• Institute of Internal Auditors standards
• Code of Ethics
• Audit report
• Auditing standards and practices
• Knowledge of banking
• Controls, Governance, and Risk
• Writing skills for business

Please contact the Nedbank Recruiting Team at +27 860 555 566