Audit Executive, Head of Audit, Transaction Banking
Job Overview
Business Segment: Group Functions
Location: ZA, GP, Johannesburg, Baker Street 30
To lead and manage the audit process within the Corporate and Investment Banking internal audit team, covering the Transaction Banking (TxB) portfolio. The purpose is to provide independent and objective assurance to influence risk and control decision making. This includes assessing risk to inform the audit plan, leading and managing the audit process, developing and maintaining an effective team, reporting to governance fora and influencing and enabling risk management. It requires subject matter and risk expertise in payments and cash management and trade services and products, including credit risk.
Contribute to the development and implementation of GIA's strategy and operating model by applying insights from the SBG strategy and operating model, business unit strategy and operating model, products, services, client-base and competitive environment, industry and wider developments, regulatory environment, business developments and changes, operations, risk management practices and global assurance practices.Contribute to the development of clear and measurable GIA objectives. Implement the objectives across the team and individual team members and track individual and team performance.Assess, identify and report on practices in the audit portfolio which negatively impact client experience and raise recommendations to improve client experience.Understand and manage adherence to legislative and regulatory requirements on internal audit for the audit portfolio, incorporating all relevant jurisdictional requirements.Understand and manage adherence across the audit team to applicable internal policies, processes and procedures.Manage the development and maintenance of a risk assessment on all areas of risk origination and risk management within the audit portfolio, covering all the risk types to inform audit planning and reporting.Contribute to GIA's technology strategy and implementation. Apply insights on practical audit needs, and from leading technology developments in wider fields, in financial services, within SBG and in risk and assurance practices. Qualifications Minimum Qualifications, certifications or professional memberships Degree (Bachelor of Science or Bachelor of Commerce) - MinPost Graduate Degree (Chartered Accountant, Finance, Economics, Banking, Chartered Financial Analyst) - PrefRelevant professional membership will be required based on specialty - Pref Additional Information Experience Required At least 12 years of experience within the banking industry from a mix of the following:
5 years:Proven experience in project/programme management, and leading multiple projects across the organization. Experience in building partnerships and engaging with multiple stakeholders at senior levels across the ecosystem. Experience in understanding IT controls and analysing complex sets of data to interpret, visualize and identify trends. Experience in leading large teams. Change management experience.
2 years:Experience in front line or front office risk management over payments and/or transaction banking products and services, in particular cash management and trade.
Preferred:Experience in operational risk management over payments and /or transaction banking products and services, in particular cash management and trade.
Preferred:Experience in credit risk management over transaction banking products and services, in particular trade products.
Making Decisions: This competency is about the pace at which individuals are prepared to make decisions, as well as their willingness to take responsibility for their decisions when under pressure. It also deals with the extent to which individuals are definite about their views and opinions.
Upholding Standards: Upholding Standards within the organisation is important for ensuring that high quality products and services are provided as well as for ensuring that trust is created and maintained. Individuals need to focus on developing proper and discreet behaviour and to honour their commitments in order to be effective at demonstrating this competency.
Developing Strategies: This competency includes facets of behaviour such as being visionary and establishing effective plans that take into consideration long-term aspects. This competency also includes the need for individuals to focus on identifying trends.
Empowering Individuals: This competency emphasises the empowerment of others which includes encouraging others, motivating as well as inspiring them.
Interpreting Data: This competency is about interpreting data accurately with an emphasis on the processing and interpretation of numbers. This competency also includes the utilisation of technology.
Internal Auditing: The ability to follow a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes in accordance with the IA professional standards to enhance and protect organisational value
Maintain IA Professional Practices: Knowledge of Internal Audit International Professional Practices and apply them to improve the audit methodology, and as a quality standard for audit engagement deliverables to ensure continuous improvement of the audit function.
IA Technology Application: The ability to utilise technology to source and analyse data that supports the internal audit process (risk assessments, full population testing) and drive visual presentation
Management of Audit Function: The ability to manage the operations of the internal audit functions to deliver business value and continuously develop it to maintain its relevance within the organisation and with the relevant regulators.
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