Audit Portfolio Manager: IT (CIB)

\Requisition Details & Talent Acquisition Consultant

REQ 134608 Thembi Mtshali

Location: Johannesburg

Closing date: 9 July 2024

Job Family

Risk, Audit and Compliance

Career Stream

Auditing

Leadership Pipeline

Manage Others

Job Purpose

The purpose of GIA is to provide independent, objective assurance to the Nedbank Group Limited Board of Directors via the Group Audit Committee (GAC) that the governance processes, management of risk and systems of internal control are adequate and effective to mitigate the risks (in line with GIA Methodology), both current and emerging, that threaten the achievement of the Group’s strategy and key objectives, and in so doing help improve the internal control and risk culture of the Group.  
GIA receives its authority from the GAC, which is a committee of the Board of Nedbank Group Limited established to, among other things, review the work of Internal Audit of Nedbank Group Limited and its subsidiaries (the "Group").

OBJECTIVE AND SCOPE OF WORK OF GIA

The objective and scope of work of GIA is to determine whether the Group’s systems of internal controls, risk management and governance, as designed and operated by management, are adequate and effective. 

The scope of GIA’s work is determined by a risk-based approach and so the key risks facing the Group, including subsidiaries, and the requirements of the GAC, subsidiary Audit Committees and the Group and subsidiary Executive Committees. This should include alignment to business strategic priorities.

Job Responsibilities

The Audit Portfolio Manager – Digital, in the discharge of his / her duties, shall be responsible, inter alia, to the Head of Audit / Portfolio Executive / s to: 
•    Support the periodic assessments of the outcomes of internal audit work to appropriate governing bodies, including the GAC, Board Risk Committee, Executive IT Committee (EITCO) and Group IT Committee (GITCO); 
•    Report on the overall effectiveness of the governance, risk and internal control framework of the Group; 
•    Comply with regulatory and corporate governance expectations of the internal audit functions;
•    Report significant Digital issues related to the processes for controlling the activities of the Group, including potential improvements to those processes; 
•    Report periodically on the progress of the Digital audit plan delivery; 
•    Have in place a robust process to follow-up on management’s agreed actions to address Digital Controls issues raised by GIA; 
•    Responsible for the delivery and measurable performance of their respective Digital audit portfolio, including audit plan delivery;
•    Apply judgement to provide an overall audit opinion on the Digital system of internal controls of the Group;
•    Able to apply cutting edge tools, techniques and processes to audit engagement in order to provide meaningful business insights;
•    Provide insights from the outcomes of internal Digital audit work to appropriate governing bodies;
•    Demonstrate an ability to understand, analyse and manipulate data through the development and application of quantitative techniques and models;
•    Maintain an open and constructive relationship as a Trusted Advisor with senior internal and external stakeholders including External Audit, Business Executives and other GIA Heads of Audit;
•    Implement effective and efficient audit processes to ensure that audit processes are optimized and comply with the relevant governance expectations of internal audit functions;
•    Develop and maintain relationships with business and key stakeholders to ensure robustness and completeness of audit coverage and contribute at an insight generator / trusted advisor to business to enhance assurance provided over the control environment;
•    Contribute to the development of a 12-month rolling Digital audit plan using a risk-based methodology, emerging technologies, taking into consideration specific business strategic focus areas, regulatory requirements pertaining to internal audit, as well as including any risks or control concerns identified by management, the GAC and the Board; 
•    Deliver and report on the rolling Digital risk-based internal audit plan; 
•    Have a robust process in place to follow-up and report on management’s progress in implementing agreed actions to address Digital issues identified by GIA; and 
•    Maintain an open and constructive relationship with the CIA, GIA HoA: Digital & Technology, Business executives, and key stakeholders (including GIA Heads of Audit) by providing value added services and sharing information. 

Job Responsibilities Continue

PROVIDE VISIONARY AND INSPIRATIONAL LEADERSHIP

•    Exhibit diverse, visionary and inspirational leadership - promoting a globally competitive financial sector;
•    Actively participate in the Group’s Combined Assurance Model;    
•    Manage performance of reports and yourself accountable for managing the performance of the reports by taking corrective action as required;
•    Actively contribute to building a culture of improvement by ensuring the design and implementing active talent management and obtaining buy-in from relevant stakeholders; 
•    Empower teams around you to make decisions and recommend tailored solutions to business unit specific problems, through coaching and mentoring practices; 
•    Facilitate engagement and information sharing sessions amongst peers. Synergies across clusters and business units achieved;
•    Take ownership and accountability for tasks and activities and demonstrate effective self-management;
•    Follow through to ensure that quality and productivity standards of own work and team are consistently and accurately maintained;
•    Support and drive the business's core values;
•    Respond openly and constructively to feedback (positive and negative);
•    Be a vision-led and values-driven leader; and
•    Embodiment of the following characteristics:
   Risk Optimiser

• Understanding that risk is at the centre of everything in banking
• Developing the appropriate risk appetite
• Managing risk without stifling innovation 
• Being sensible about risk

Client Centric Advocate

• Placing the client at the centre of everything you do
• Being relationship focussed (as opposed to product or mono-line focussed) 
• Collaborating with colleagues across organisational boundaries

 Execution Expert

•  Having a bias for action
•  Focussing efforts on execution and implementation
• Practicing decisive leadership
• Simplifying things

Strategist

•  Being a strategic thinker
•  Being a strategic translator
•  Being a strategic doer 
• Facilitating strategic dialogue

STANDARDS OF INTERNAL AUDIT PRACTICE

GIA shall comply with the International Standards for the Professional Practice of Internal Auditing of the Institute of Internal Auditors (IIA), including the IIA’s Code of Ethics, the ten Core principles and best practice Internal Audit Methodology. 

GIA will maintain a Quality Assurance programme to confirm adherence to IIA standards. The Quality Assurance programme will include an evaluation of the quality of the work performed by GIA and communication of these results to the Group Audit Committee.
 

Essential Qualification

•    Minimum required qualification: BSc Computer Science, Informatics or other related degree; 
•    CISA; CRISK; CISM; CISSP; CGEIT (or another relevant IT Qualification)
 

Minimum Experience Level

•    8 – 10 years financial services experience;
•    Digital audit experience in a Banking institute;
•    Ability to operate independently;
•    Leadership experience;
•    Experience within a corporate and investment banking environment is essential;
•    Working knowledge of financial markets in an investment banking, asset management or similar environment would be highly advantageous

 

The following additional experience is preferred:
•    Significant technical knowledge on cyber, its supporting technologies and processes.
 

Technical / Professional Knowledge

• Budgeting
• Change management
• Financial Accounting Principles
• Governance, Risk and Controls
• Negotiation techniques
• Principles of project management
• Relevant Nedbank product knowledge
• Relevant regulatory knowledge
• Risk management process and frameworks
• Strategic planning

Behavioural Competencies

Aside from the required qualifications and experience set out above, and in addition to strong technical skills and IQ, strong personal attributes and skills essential to be a successful candidate in this role include:
•    Emotional Intelligence (EQ);
•    Leadership and judgement;
•    Strategic influence and visionary;
•    Relationships and stakeholder management;
•    Innovation and renewal (of GIA function);
•    Business acumen;
•    Reporting and communication;
•    Cost effectiveness, productivity and value-add;
•    Risk-based focus;
•    Service excellence;
•    People skills & managing staff, including large teams; 
•    Values-based (especially Integrity, Respect, Accountability, Client-driven, People-centred) and strong Ethics;
•    Build a High-Performance Culture; 
•    Resilience;
•    Change Management; 
•    Coaching and Development; 
•    Inspiring Excellence; and 
•    Driving Execution.
 

Disclaimer

Preference Recruiting Team at +27 860 555 566will be given to candidates from the underrepresented groups

Please contact the Nedbank.

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Please contact the Nedbank Recruiting Team at +27 860 555 566