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Senior Audit Manager: Corporate Investment Banking



Johannesburg, ZA

Date:  24-Nov-2021

Requisition ID


Closing Date

5 December 2021

Job Family

Risk, Audit and Compliance

Leadership Pipeline

Manage Managers

Job Purpose

To provide strategic leadership and guidance to teams by providing independent assurance of the control environment to the Nedbank Group Audit Committee and ensuring effective risk management practices are implemented across Nedbank..

Job Responsibilities

The Senior Audit Manager, in the discharge of his/her duties, shall be accountable, inter alia, to the Nedbank’s Head of Audit to:

  • Support the periodic assessments of the outcomes of internal audit work to appropriate governing bodies, including the GAC and Board Risk Committee;
  • Support the reporting on the overall effectiveness of the governance, risk and internal control framework of the Group;
  • Comply with regulatory and corporate governance expectations of internal audit functions;
  • Report significant 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 audit plan delivery
  • Maintain and report on whether CIB Audit has sufficient professional audit staff with knowledge, skills, experience and professional qualifications to meet the requirements of the audit plan; 
  • Accountable for the delivery and measurable performance of their respective portfolio, including assistance in the audit plan delivery;
  • Apply judgement to provide an overall audit opinion on the system of internal financial controls of the Group;
  • Provide insights from the outcomes of internal audit work to appropriate governing bodies
  • Implement effective and efficient audit processes to ensure that audit processes are optimized and comply with regulatory and corporate governance expectations of internal audit functions.
  • Develop and maintain relationships with business and key stakeholders in order to ensure robustness and completeness of audit coverage and contribute at an insight generator/trusted advisor to business to enhance assurance provided of the control environment;
  • Contribute to the development of a 12 month rolling audit plan using a risk-based methodology, 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 risk-based plan;
  • Have a robust process in place to follow-up and report on progress in implementing agreed actions to address issues identified by the Audit plan; 
  • Maintain an open and constructive relationship with the Head of Audit, Business executives, and key stakeholders (internal and external) by providing value added services and sharing information.

Provide Visionary and Inspirational Leadership

  • Implement the vision and strategy including the leadership and culture philosophy, stakeholder approach and internal methods and tools. This should include alignment to the Nedbank and Business Unit strategy.
  • Exhibit diverse, visionary and inspirational leadership
  • Actively participate in the Group’s Combined Assurance Model.               
  • Support and drive a high performance team through managing resources, retention and critical staff.
  • Manage performance of reports and hold them accountable for managing the performance of their reports by taking corrective action as required, recognising and rewarding team.
  • Actively build a culture of improvement by implementing active talent management, succession planning strategies for division and obtaining buy-in from relevant stakeholders.
  • Contribute to team effectiveness by participating in the recruitment and selection of staff.
  • Optimise performance and motivation by holding managers and auditors accountable for developing their staff and themselves.
  • Empower team 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
  • 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
  • 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

Essential Qualifications - NQF Level

  • Advanced Diplomas/National 1st Degrees

Preferred Qualification

Certified Internal Auditor , Advanced Diplomas/National 1st Degrees

Preferred Certifications



Type of Exposure

  • Identifying business risks
  • Conducting quality reviews of internal audit files
  • Conducting and managing multiple audits simultaneously
  • Managing a team of professionals
  • Coaching and mentoring others
  • Checking accuracy of reports and rec
  • Implementing a strategic plan
  • Preparing budgets
  • Managing costs against a budget
  • Implementing actions to improve the organisational culture

Minimum Experience Level

6 – 8 years financial services experience in a senior position.

  • Banking experience, inclusive of client facing experience (preferably).
  • Ability to operate at an Senior level
  • Leadership experience leading teams

Technical / Professional Knowledge

  • Accounting standards
  • Change management
  • Financial Accounting Principles
  • Governance, Risk and Controls
  • Principles of project management
  • Relevant regulatory knowledge
  • Risk management process and frameworks
  • Strategic planning
  • Institute of Internal Auditors standards
  • Code of Ethics

Behavioural Competencies

  • Building Partnerships
  • Earning Trust
  • Coaching
  • Communication
  • Driving for Results


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


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