Internal Auditor – Group Credit Risk
Absa Group
full-time
Posted on:
Location Type: Hybrid
Location: Johannesburg • South Africa
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About the role
- To monitor the risk profile of the business and execute audit assignments in accordance with the Group Audit Plan and Internal Audit methodology, relevant policies, procedures and quality standards.
- Ensure timely delivery of assigned tasks in accordance with agreed project timelines.
- Perform risk-based audits, including planning, scoping (identifying key risks and controls), fieldwork, and reporting.
- Prepare audit observations that are concise, factually accurate, and clearly identify root causes and risks.
- Ensure agreed management actions fully mitigate identified issues.
- Evaluate the effectiveness of risk management practices, as pertains to the specific financial risk type under review.
- Assess compliance with regulatory and internal policy requirements (e.g., IFRS 9, Basel, National Credit Act etc as applicable).
- Utilize data analytics to inform audit testing strategies and obtain deeper insights into control effectiveness.
- Ensure delivery is aligned with internal audit methodology and quality standards.
- Engage with stakeholders across the 1st and 2nd lines of defense.
- Conduct ongoing business monitoring and maintain a strong understanding of key issues and trends to inform audit planning and continuous risk assessment.
- Contribute to the Combined Assurance effort by collaborating with other assurance providers across the 3 Lines of Defense to strengthen the control environment.
- Provide clear input into risk and governance committee reporting, highlighting emerging risks and control gaps.
Requirements
- A minimum of 3-6 years’ experience in internal audit, wholesale credit risk, credit policy and credit analytics.
- Demonstrate an understanding of credit risk management, counterparty credit risk, country and sovereign risk, credit risk strategy, risk appetite and credit risk measurement.
- Proficiency in data analysis tools such as SAS, SQL, and Excel; experience with risk models will be considered an added advantage.
- Bachelor’s degree in actuarial science, or an Honours degree in related field (i.e. Risk Management, Statistics, Mathematical Science…etc) is required.
- Any certifications will be regarded as a distinct advantage.
Benefits
- Absa Bank Limited is an equal opportunity, affirmative action employer.
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
internal auditrisk-based auditsdata analyticscredit risk managementcredit policycredit analyticsrisk modelsrisk appetitecredit risk measurement
Soft Skills
stakeholder engagementcommunicationanalytical thinkingproblem-solvingattention to detail