Audit Manager

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Job Summary

Execute audit assignments in accordance with the Group Audit Plan and relevant policies, procedures and quality standards.

Job Description

Accountability:  Audit Delivery and Issue Assurance

• Develop an in depth knowledge of the methodology, by attending training sessions and using knowledge gained during audits, use this proactively in executing audit activities.
• Deliver assigned responsibilities by the Senior Audit Manager / Chief Internal Auditor (CIA)  to a high quality and in accordance with the requirements of the Quality Assurance scorecard.
• Assist the Senior 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 Senior 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

• Engage proactively with Internal Audit colleagues during assignments and request technical assistance where required. Technical assistance may be requested for the review of the risks and controls to be tested, audit working papers and audit report.
• Based on knowledge of business areas, provide guidance to other auditors and peers by sharing best practice so that their work meets and sometimes exceeds quality standards.
• Support the Senior 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 Audit Bond for review by the Senior 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.
• Document all working papers in line with methodology requirements. The working papers must be accurate, reflective of work performed and support conclusions drawn.
• Display professional skepticism, raising and discussing contentious observations with management and provide evidence to support all issues identified.
• On an ongoing basis throughout the audit, discuss and agree the factual accuracy of audit observations with the Senior Audit Manager and Head of Audit.
• Provide feedback to the Senior 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.
• Participate fully and be supportive in all audits by providing assistance to the team where required. Be quick to learn and seek opportunities to share this knowledge with colleagues
• Continue to update awareness of risk issues and changes across selected business units from interaction with management and provide feedback to the Senior Audit Manager.
• Assist in the induction of new joiners, mentoring less experienced team members.
• Proactively take on additional tasks as requested by the Chief Internal Auditor – which may include managing Issue Assurance and production of team Management Information.
• Perform Issue Validation testing and documenting of the working papers in accordance with the requirements of the Methodology.
• Support with the teams Data Analytics initiatives and have experience in performing data analytics

Accountability:  Knowledge Management

• Improve technical knowledge through self-learning or training including mandatory Continuous Professional Education requirements.
• Share knowledge with AIA colleagues and peers in the business.
• Develop and enhance learning through seeking coaching, training and continual feedback
• Coach new joiners and trainees on how to apply the methodology. In addition, to proactively share knowledge of within the team, leading a session at a team meeting.
• Build knowledge of business and culture in business units for the Retail, CIB portfolio and Functions as assigned by the Senior Audit Manager
• Knowledge of key regulations, including FIC, KYC and AML, Sanctions, for business areas / locations within remit.

Accountability:  Reporting 

• 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.
• Assist the Senior Audit Manager where required, in the drafting of the audit report in line with methodology requirements and as per the requirements of the Balanced Scorecard.
• Proficient in report writing for governance reporting

Accountability:  Relationship management

• Develop and maintain relationships with accountable management on each audit
• Present effectively at stakeholder meetings and forums (e.g.: Risk and Governance forums) to share knowledge and information including methodology, standards, changes and new developments with business stakeholders on an ongoing basis

Knowledge, Expertise and Experience

Essential

• Understands the control, regulatory and risk issues in local and group jurisdiction or financial institutions.
• Displays familiarity and knowledge of relevant banks product/services/markets/policies.
• Demonstrates a thorough understanding of banking business and its key drivers.
• Demonstrates a thorough understanding of functional areas within banks. e.g. finance
• Thorough understanding of the industry and/or knowledge of our competition
• Thorough knowledge of other areas within their function and how their processes and resources link together
• Experience in risk based auditing or risk/control activities
• Displays willingness and initiative to learn about new products.
• Computer literate (strong MS office skills – Excel, Word and PowerPoint), this includes working knowledge of Data Analytics
• Effective communication skills, both written and verbal.

Preferred :

• Financial services industry knowledge.
• Audit software skills such as ACL, etc.
• Specialist knowledge in a key high risk area such as Credit Risk, Corporate and Investment Banking, Cyber Security, Information Technology, Risk, Finance, Treasury, Wealth Management.
• Working knowledge of data analytics

EXPERIENCE & QUALIFICATIONS

Essential

• Experience in risk based auditing or risk/control activities
• Exposure to executing assignments to deliver against tight deadlines.
• Significant report writing and presentation experience.
• Educated to degree level or professional qualification or relevant professional qualification such as ACCA, CIA, CISA and or business or risk related degree / qualification (or equivalent)

Preferred:

• Audit experience within a banking environment
• Experience in audit firm as internal/external audit

Education

Bachelor’s Degree: Business, Commerce and Management Studies (Required)