Internal Audit Manager – Market Risk & Enterprise Risk

Job Brief

We have a vacancy of Internal Audit Manager – Market Risk & Enterprise Risk in our company, Absa Group. This vacancy is based in Johannesburg Metropolitan Area. Please go through the job detail mentioned below.

Position Title: Internal Audit Manager – Market Risk & Enterprise Risk
Company: Absa Group
Work Type: Full Time
City of work: Johannesburg Metropolitan Area
Salary:
URL Expiry: 2022-12-09
Posted on: marketingjobs.pro

Job Detail

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

To plan, execute and manage audit assignments in accordance with the country and Group Audit plan and relevant policies, procedures and quality standards. The Audit Manager is responsible for the quality of the audit work performed and the efficiency and effectiveness of the audit team.

Job Description

The Internal Audit Market Risk and Enterprise Risk VP role is responsible for assurance of Market Risk and Enterprise Risk which includes risk type strategy and framework, group-wide governance to effectively enable risk type appetite, aggregation of risk type profiles, oversight and challenge processes.

• Take 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 Market and Enterprise Risk.
• The position is a technical Market Risk and Enterprise Risk specialist as well as SME role in Internal Audit and is required require to provide assurance on:
• Market Risk and Enterprise Risk Functions: The application and the effectiveness of the risk management practices, methodologies and systems which includes Stress Testing, Risk Appetite and Recovery Planning.
• 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 market risk exposures and established minimum ratios as well as Pillar 3 disclosures.
• Support the Audit manager in the identification of risks to be tested by participating in planning sessions. Develop testing strategies for key controls within the business to adequately mitigate the risks. Manage the execution of Design Effectiveness Testing (DEA) and Operational Effectiveness Testing (OET) of the audit team in line with methodology requirements.
• Develop an in-depth knowledge of Absa and the various business areas and use the knowledge to assess risks and controls through identifying, assessing and documenting risks and controls within these processes. Engage proactively with Internal Audit colleagues during assignments and request technical assistance where required and based on knowledge of business areas, provide guidance to other auditors and peers by sharing best practice so that their work meets and sometimes exceeds quality standards.
• Develop and maintain relationships with key audit contacts on each audit by attending continuous stakeholder meetings. In addition, engage closely with stakeholders during assignments and encourage open discussion and interaction with business on the risks associated in their environment.

Minimum requirements:

• Quantitative degree
• Minimum 5 years experience
• Market Risk background

Education

Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised

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