Job Summary
To plan,
manage and monitor the implementation of audit management activities and
processes in order to deliver on approved operational plans in an effective and
efficient manner.
Job Description
Job Purpose:
- The core responsibility of an auditor within
Absa is to execute audit assignments in accordance with the Group Audit
Plan and relevant policies, procedures and quality standards.
Key Accountabilities
Audit Delivery and Issue Assurance
- Develop an in- depth knowledge of the
methodology, by attending training sessions and using knowledge gained
during audits, use this proactively in executing audit activities.
- Deliver assigned responsibilities by the Senior
Audit Manager / Chief Audit Executive work to a high quality and in
accordance with the requirements of the Quality Assurance scorecard.
- Perform planning and execution of Design
Effectiveness and Operating Effectives Testing, uniformly applying the
methodology and quality standards, focusing the work on key risks, with
minimum supervision from the Senior Audit Manager
- 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.
- Engage proactively with Internal Audit
colleagues during assignments and request technical assistance where
required. Technical assistance may be requested for the review of the
risks and controls to be tested, audit working papers and audit report.
- 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.
- Support the Senior Audit Manager in the
identification of risks to be tested by participating in planning
sessions.
- Develop an in-depth knowledge of Absa and the
various business areas and use this knowledge to assess risks and controls
through identifying, assessing and documenting risks and controls within
these processes.
- Evaluate the design and operating effectiveness
of controls and document all working papers in Audit Bond for review by
the Senior Audit Manager.
- Ensure all audit observations and planned
actions are factually agreed with management as soon as they arise and
increase the speed of report issuance. Provide suggestions to stakeholder
management on how they can address the control issues identified.
- Document all working papers in line with
methodology requirements. The working papers must be accurate, reflective
of work performed and support conclusions drawn.
- Display professional skepticism, raising and
discussing contentious observations with management and provide evidence
to support all issues identified.
- On an ongoing basis throughout the audit,
discuss and agree the factual accuracy of audit observations with the
Senior Audit Manager and Chief Audit Executive.
- Provide feedback to the Senior Audit Manager and
audit team with progress and observations raised during the audit by
communicating honestly, frequently and effectively. Build and maintain
good working relationships with fellow auditors.
- Participate fully and be supportive in all
audits by providing assistance to the team where required. Be quick to
learn and seek opportunities to share this knowledge with
colleagues.
- Continue to update awareness of risk issues and
changes across selected business units from interaction with management
and provide feedback to the Senior Audit Manager.
- Assist in the induction of new joiners,
mentoring less experienced team members.
- Proactively take on additional tasks as
requested by the Senior Audit Manager or Chief Audit Executive – which may
include managing Issue Assurance and production of team Management
Information.
- Perform Issue Assurance testing and documenting
of the working papers in accordance with the requirements of Methodology.
- Support with the teams Data Analytics and
Automation initiatives and have experience in performing data analytics.
Knowledge Management
- Improve technical knowledge through
self-learning or training including mandatory Continuous Professional
Education requirements.
- Share knowledge with colleagues and peers in the
business.
- Develop and enhance learning through seeking
coaching, training and continual feedback.
- Coach new joiners and trainees on how to apply
the methodology. In addition, to proactively share knowledge within the
team, leading a session at a team meeting.
- Build knowledge of business and culture in
business units and Functions as assigned by the Senior Audit Manager
- Knowledge of key regulations, including FIC, KYC
and AML, Sanctions, for business areas / locations within remit.
Reporting
- Prepare audit observations and make sure that
they are concise, factually accurate and cover all of the significant
issues. The observations must be insightful, address the root causes, and
have agreed actions that fully mitigate the risk.
- Assist the Senior Audit Manager where required,
in the drafting of the audit report in line with methodology requirements
and as per the requirements of the Balanced Scorecard.
- Obtain regular updates on the control
environment through ongoing discussions with management and provide the
updates to the Senior Audit Manager for inclusion in governance papers to
the Board Audit Committee and other relevant stakeholders.
- Proficient in report writing for governance
reporting.
Relationship Management
- Develop and maintain relationships with
accountable management on each audit.
- Present effectively at stakeholder meetings and
forums (e.g.: Risk and Governance forums) to share knowledge and
information including methodology, standards, changes and new developments
with business stakeholders on an ongoing basis.
Preferred Qualification
- Bachelor’s Degree (Commercial, Informatics,
Statistics, or equivalent); and/or
- CIA (Levels 1,2 or 3)
- Honors (Commercial, Informatics, Statistics)
- Certificate in CPA or ACCA
Preferred Experience
- At least, 6 years’ experience in
Internal/External audit or commensurate experience in a major financial
institution 4 of which should be in Risk Based Auditing or Risk/Control
activities.
Knowledge and Skills
- Excellent communication skills both verbal and
written.
- Experience in performing data analytics.
- Strong knowledge of auditing principles and
internal controls.
- Strong attention to detail and ability to work
both independently and in a team.
How to Apply
