Chief Internal Auditor Job Opportunity at ABSA Bank

Chief Internal Auditor Job Opportunity at ABSA Bank

Position: Chief Internal Auditor

ABSA Bank Tanzania

Empowering Africa’s tomorrow, together…one story at a time.
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.

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Chief Internal Auditor Job Opportunity at ABSA Bank

Job Summary

Job Purpose.

Work collaboratively with others to develop strong client relationships and lead delivery of AIA Audit Plan.

Role information

• AIA’s purpose is to provide reliable, valued assurance to the Board and Executive Management over the effectiveness of controls mitigating current and evolving high risks and in so doing enhancing the controls culture within the Group.
• AIA provides independent assurance to the Group CEO, Board Audit Committee and internal stakeholders, as well as certain external stakeholders (typically external auditors and regulators).
• The core responsibility of a Chief Internal Auditor within Tanzania is to be aligned to Emerging Markets, manage the delivery of the audit plan for this area and to ensure that audit assignments are undertaken in accordance with relevant policies, procedures and quality standards.
• The Chief Internal Auditor is responsible and accountable for the quality of the audit work performed and the efficiency and effectiveness of the audit team.
• A Chief Internal Auditor will also act as the key contact point for the business and take responsibility for the AIA planning process and value-added reporting for
• Absa Tanzania to enhance the control culture within the Group.
• The Chief Internal Auditor accordingly manages the day-to-day relationship between AIA and business leaders in the respective business unit.

Department Overview

• AIA aims to provide independent, reliable, valued, insightful and timely assurance to the Board and Executive Management over the effectiveness of governance, risk management and control over current and evolving risks, in the context of the current and expected business environment.

Main accountabilities

AUDIT DELIVERY & STAKEHOLDER MANAGEMENT 60%

For all audits within their area (generally more than one audit at a time), Heads of Audit will oversee and be accountable for:

• Development and delivery of the annual audit plan for Tanzania.
• Audit assignment scoping including process understanding and review of the scoping document.
• Oversight of audit work to ensure that risks and controls have been identified and correctly assessed.
• Review of documentation for scoping, process understanding, risk & control identification, control evaluation and findings in AIA audit toolkit.
• Leading discussions with business leaders regarding audit observations and issues, consulting with
• Audit Directors where applicable.
• Providing guidance to Senior Audit Managers, Audit Managers and Audit Seniors during assignments.
• Managing audit teams and ensuring audits progress as planned, as regards scope, budget and timetable.
• Review and issue of audit reports as per the AIA audit plan.

In addition;

• Continuing to update awareness of risk issues and changes across relevant business areas and using this knowledge to set strategy and direction.
• Understanding developments in across business areas which may impact the audit plan including changing economic, market and technology and risk environment.
• Using expert knowledge to continually refocus the audit plan and define direction into the future.
• Maintaining effective relationship with business management to keep abreast of risk and control issues.
• Contributing commentary and information for AIA-wide reporting e.g. to GG&CC and BAC.
• Actively monitoring team KPIs and acting to achieve them consistently.

MANAGEMENT & LEADERSHIP 35%

Being a successful leader to the team, demonstrating the following skills:

• Mentoring and coaching
• Providing constructive feedback including formal performance development
• Identifying and developing talent
• Recruiting A players and managing out poor performers
• Succession planning
• Being responsible for the team’s budget including the management of the salary/bonus process.
• Acting as a representative and advisor for Tanzania within AIA and the Group.
• Contributing to internal communications for Tanzania.

KNOWLEDGE MANAGEMENT 5%

• Improving technical knowledge through self-learning or training including mandatory CPE requirements.
• Sharing knowledge with AIA colleagues and peers in the business.
• Sharing knowledge with internal audit community (e.g. speaking at conferences).

ADDITIONAL EXPECTATIONS

• Embracing all areas of the Group’s Equality and Diversity agenda.
• Ensuring compliance with the Group’s Health and Safety requirements.
• Exhibit and perform in accordance with Absa’ Guiding Principles.

Risk and Controls Objectives

• Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Absa Operational Risk Framework and internal Absa Policies and Standards
• Manage risk and control effectively by applying applicable risk frameworks and embedding a positive risk culture
• Understanding of own role in the end-to-end processes in which you play a part, including applicable risks and controls.
• Adhere to Absa’s policies and procedures applicable to own role, demonstrating sound judgement and responsible risk management.
• Report all risk events / incidents / issues using the defined process for your business area and help to understand why these happened and how to prevent them in future. Proactively look for ways to improve the control environment by considering what could go wrong in the processes you operate and how errors could be prevented.
• Continuous and proactive engagement with regulatory bodies, unions where applicable
• All mandatory training completed to deadline.

Technical skills / Competencies

Essential Experience

• Working knowledge of control, regulatory and risk issues and demonstrate practical application of this knowledge.
• Extensive experience in risk-based auditing or risk/control activities
• Demonstrate understanding of the complexities of large corporate organizations and how to apply to role.
• Demonstrate deep understanding of the operations, risk management, finance and product control activities in a commercial bank (retail, corporate and investment banking).
• Solid experience in management and leadership of teams in a diverse, multi-cultural setting.
• Extensive experience of developing and maintaining relationships with Boards, executive management, regulators and external auditors. Preferably across multiple jurisdictions.
• Track record of success and high performance in a large, matrix organization across multiple jurisdictions.
• Evidence of driving change/leading business initiatives/contributing to team and function strategy.
• Relevant professional qualifications (e.g. CIA, ACCA, CPA) and graduate degree.

Knowledge, Expertise and Experience

Preferred experience

• Broad Financial services industry knowledge.
• Knowledge about new and emerging financial products and services across the spectrum of retail, corporate and investment banking.
• International experience.

Absa Values

Absa’s Values and Behaviours represent the set of standards which governs the actions of all of us who work for the bank and against which the performance of every one of us in Absa are being assessed and rewarded:

• Trust
• Resourceful
• Inclusion
• Courage
• Stewardship

Education

Postgraduate Degrees and Professional Qualifications: Financial Sciences (Required), Postgraduate Degrees and Professional Qualifications: Statistics (Required)

How to Apply:

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