Audit Portfolio Manager: Wealth

2 weeks ago


Johannesburg, Gauteng, South Africa Nedbank Full time

Requisition Details & Talent Acquisition Consultant
Tshegofatso Semenya
Job Family

  • Risk, Audit and Compliance
    Career Stream
  • Auditing
    Leadership Pipeline
  • Manage Self Professional
    Job Purpose
  • To conduct portfolio audits and manage stakeholder relationships and portfolio specifically relating to Insurance which is part of the wider Wealth portfolio

Responsibilities:

Insurance industry

  • Deep insurance industry experience for a minimum of 5 years.

Insurance strategic insights & Client Centricity

  • Understand and stay abreast of developments in field of expertise, emerging risks and insurance industry trends (including competitors and digital trends).
  • Understand current insurance industry and business strategy, reality, impact of transformation, digital initiatives, risks and expectations and consider key and/or emerging risks to update the annual riskbased annual audit plan, in order to support relevant GIA reporting.
  • Be commercially minded with a Nedbank client centric approach and understand the broader business strategy in the auditing approach.

Transformational Assurance

  • Execute audit assignment planning, fieldwork and reporting in line with the Group Internal Audit (GIA) methodology and Institute of Internal Auditors (IIA), including file completion.
  • Seek opportunities to improve business processes, models and systems through agile thinking.
  • Identify and assess the design adequacy and operational effectiveness of manual and automated controls within audit scope and utilising data analytics.
  • Identify and ensure compliance with relevant laws, regulations and guidelines in line with audit scope.
  • Influence stakeholders to address inefficiencies in resolving audit findings through utilising professional experience in demonstrating benefits of best audit practice.
  • Ensure continuous improvement of the quality of audits through providing professional insights.
  • Ensure improved productivity and efficiency and the delivery of projects within agreed timelines.
  • Achieve operational excellence and support the implementation of business optimisation improvement in GIA.
  • Deal with complex verbal and documented information and data in the audit process.

Digital Platform & Data Driven Audit

Integrated Risk and Control Environment

  • Engage with the risk and compliance community to ensure coordinated assurance approach and assessment of risk and control to ensure scope is appropriately defined.
  • Impactful Reporting
  • Prepare quality, relevant and commercially astute assignment and reports that provide intelligence and meaningful insights that enable the management of risk to be a strategic and competitive differentiator for Nedbank.
  • The ability of storytelling and writing reports in a succinct and concise manner which is visually appealing and at an appropriate level for various stakeholders and governance forums, including Group Audit Committee.


Business Partner Relationships
  • Build and maintain an open and constructive relationship during and outside of scheduled as a Trusted Advisor with senior internal and external stakeholders including External Audit and Business Executives and the risk and compliance community.
  • Build trusting relationships and improve credibility and quality of audit outputs by achieving team objectives through engaging with staff, peers and other departments for reporting purposes.

Effective Leadership

  • Create an environment of teamwork that contributes to Group Internal Audit (GIA);
  • Ensure personal growth and enable effectiveness in performance of roles and responsibilities.
  • Contribute to the Nedbank Culture building initiatives (e.g. staff surveys etc.).
  • Participate and support corporate responsibility initiatives for the achievement of business strategy.

Essential Qualifications - NQF Level

  • Advanced Diplomas/National 1st Degrees

Preferred Qualification

  • CA (SA)
  • Certified Information Systems Auditor (CISA) and optional Certified Internal Auditor (CIA)
  • Certified Internal Auditor (CIA) or Certified Information Systems Auditor (CISA) or Certified Financial Services Auditor (CFSA)

Type of Exposure

  • Influencing stakeholders to obtain buyin for concepts and ideas.
  • Conducting quality assurance reviews
  • Sharing information in different ways to increase stakeholders understanding
  • Building and maintaining effective relationships with internal and external stakeholders
  • Auditing
  • Interacting with diverse people
  • Analysing and interpreting qualitative and quantitative data
  • Communicating standards to others
  • Insurance (mandatory); advantageous wealth, asset management and banking
  • Consolidate data from various sources and identify/interpret trends

Minimum Experience Level

  • 5+ years in insurance (mandatory) and/or wealth management (advantageous) within 1st, 2nd or 3rd line of assurance.

Technical / Professional Knowledge

  • Insurance (mandatory) and wealth, asset m


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