Internal Audit Manager
6 months ago
Bring your possibility to life Define your career with us
- With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.Job Summary
The Wholesale Credit Risk VP role is responsible for assurance of Wholesale Credit Risk across Corporate and Investment Banking (CIB), Relationship Banking (RB), and Absa Regional Operations (ARO).
**Job Description**:
The position is a key role given the complexity of the coverage in respect of the internal rating systems and the bank’s credit risk management practices.
Responsibilities include:
- Taking ownership and initiative, to negotiate, influence and build consensus and successfully navigate audit delivery within timelines and quality criteria. Leading internal audit project teams, working closely with peer VPs, define audit scopes and oversee audit testing, including drafting internal audit findings and prepare draft reports for discussion with senior management. This includes a strong acumen regarding auditing methods and industry practices for Wholesale Credit Risk.
- The position is a technical Credit Risk specialist as well as SME role in Internal Audit and is required to provide assurance on:
- Regulatory Framework: The provisions of the regulatory framework and in particular the bank’s system for identifying and measuring its regulatory capital and assessing the adequacy of its capital resources in relation to the bank’s credit risk exposures and established minimum ratios as well as Pillar 3 disclosures.
- Sustainability Risk: Assessment methodologies and processes used across CIB, RB, and ARO for Environmental, Social, and Governance risks as part of the credit sanctioning process.
- Line management responsibilities with an adept experience in performance and talent management. Develop a high performing team by embedding formal performance development and coaching. Encourage frequent knowledge sharing between team members.
Education and Experience Required:
- At least a Bachelor degree in statistics, econometrics, mathematics, actuarial science or other quantitative fields. Higher degree will be an advantage.
- Minimum 5 - 10 years of relevant experience in credit risk modelling, risk management and assurance. Exposure to internal/external audit will be an advantage.
- Previous exposure to Corporate and Investment Banking (CIB) is an advantage.
Education
Bachelor's Degrees and Advanced Diplomas: Business, Commerce and Management Studies (required)
- Absa Bank Limited reserves the right not to make an appointment to the post as advertised_
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