Audit Manager: Credit Risk

2 days ago

Johannesburg, Gauteng, South Africa Old Mutual Full time
Job title : Audit Manager: Credit RiskJob Location : Gauteng, JohannesburgDeadline : April 04, 2025Quick Recommended Links
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Job Description

  • The Credit Risk Audit Manager is responsible for execution of audits focused on Credit Risk Management within OML. This role includes managing audit delivery and ensuring timely and high-quality audit deliverables. The manager will be involved in annual audit planning, updating the audit universe, executing audits, and preparing comprehensive audit reports. Additionally, the role supports the Audit Lead in maintaining strong stakeholder relationships and preparing reports for audit committees and boards.

Key Result Areas

Delivery of Services:

  • Contribute to the development of the audit plan, ensuring the audit universe is updated and emerging risks are identified.
  • Execute audit plans and management requests efficiently and on time.
  • Provide input for and update the Combined Assurance Plans relevant to the portfolio.
  • Ensure adherence to GIA Methodology and maintain quality and performance standards.
  • Deliver clear, impactful audit reports with actionable management responses and defined timelines.
  • Facilitate the agreement of audit findings and ratings with stakeholders.
  • Conduct root cause analysis and recommend enhancements to the control environment.
  • Utilize an integrated audit approach, involving IT and Data Analytics Services (DAS) as needed.
  • Contribute to committee and board reporting.
  • Develop and execute an issues assurance plan per portfolio, ensuring timely and quality completion.

Customer Engagement:

  • Build and sustain effective relationships with senior management in the relevant portfolio, particularly for integrated audits.
  • Assist the Audit Lead in stakeholder management and maintaining engagement.
  • Represent the GIA in portfolio governance bodies as needed.

Operations:

  • Support the Audit Lead in managing functional resource planning and integration, including the use of specialist consultants.
  • Implement resource plans and make necessary adjustments.
  • Support the Audit Lead to manage the portfolio's audit statistics and monthly reporting through engagement with line 1 and line 2 functions.
  • Adhere to the IIA Code of Ethics and GIA policies and procedures.

People Leadership:

  • Assist the Audit Lead in recruiting specialized resources.
  • Oversee the performance management and development of direct reports to build a skilled and motivated team.

Requirements: Skills, Qualifications, Experience required 

Qualifications & Professional Affiliations

  • Relevant University Degree (eg business, accounting, finance or related field).  Post graduate qualification preferred.
  • CA (SA), CIA, CFA would be advantageous.

Experience

  • Internal Audit experience in Banking - minimum of 7 years' experience.
  • Strong background in the financial services industry.
  • Experience in credit required.
  • Minimum 3 to 5 years' experience in managing individuals and assignments.
  • Experience of client relationship management at senior levels.
  • 1-2 years experience analysing complex sets 0f data to interpret, visualise and identify trends.
  • Proven expertise in credit risk management practices, including the ability to evaluate credit underwriting, credit portfolio management, and credit risk modelling.
  • Strong understanding of regulatory requirements related to credit risk (e.g., National Credit Act, Basel standards).
  • Demonstrated experience in analysing credit risk processes, governance structures, and control frameworks.
  • Familiarity with risk grading, loan review methodologies, stress testing, and credit loss forecasting.
  • Knowledge of credit risk analytics and relevant credit risk mitigation techniques.
  • Experience working with complex lending products, secured and unsecured lending, and retail and commercial credit portfolios.

Core competencies:

  • Strong analytical and problem-solving skills, with the ability to interpret complex data and provide insightful recommendations.
  • In-depth knowledge of credit risk policies and risk assessment techniques.
  • Proficiency in audit tools, data analytics, and credit risk assessment software.
  • Ability to work independently and manage multiple priorities.
  • Excellent communication and report-writing skills.
  • High attention to detail and adherence to quality standards.
  • Strategic thinking with an ability to manage competing priorities and deadlines.
  • Ability to foster effective working relationships with internal and external stakeholders.
  • Leadership, coaching, and team management skills.
  • Collaborative mindset.

Technical competencies:

  • High Level of Computer Literacy
  • Preferable Audit Software (e.g. TeamMate)
  • Internal Auditing Methodologies
  • Business Process Analysis
  • Risk Analysis & Control Assessment Techniques
  • Analytical Tools
  • Report writing
  • Professional Ethics
  • Strong Business Acumen
  • Internal Audit Management
  • Critical Thinking
  • Communication skills
  • Improvement and Innovation
  • Personal Effectiveness
  • Collaborates effectively with others to achieve personal results.
  • Accepts and lives the company values.
  • Accountable for service delivery through own efforts.
  • Individually accountable for managing own time, tasks, output quality and development
  • Makes increased contributions by broadening individual skills.
  • The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

Skills

  • Analytical Thinking, Banking, Credit Risk Management, Credit Risks, Portfolio Management, Relationship Management, Risk Analysis, Stakeholder Management, Team Management

Competencies

  • Builds Effective Teams
  • Business Insight
  • Communicates Effectively
  • Ensures Accountability
  • Financial Acumen
  • Instills Trust
  • Manages Complexity
  • Optimizes Work Processes

Education

  • Bachelor of Commerce (BCom): Finance (Required), Chartered Accountant, Post-graduate Diploma (PGDip): Finance

Closing Date

  • 15 March 2025 , 23:59
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