Head, PBB/Business Support Audit at Standbic IBTC Bank

Stanbic IBTC Bank is a firm believer in technical innovation, to help us guarantee exceptional client service and leading edge financial solutions. Our growing global success reflects our commitment to the latest solutions, the best people, and a uniquely flexible and vibrant working culture. To help us drive our success into the future, we are looking for an experienced Database Administrator to join our dedicated team at our office.

Standard Bank is a leading African banking group focused on emerging markets globally. It has been a mainstay of South Africa's financial system for 150 years, and now spans 16 countries across the African continent.

Stanbic IBTC Bank is recruiting to fill the vacant position of:

Job Title: Head, PBB/Business Support Audit

Location: Nigeria

Ref. No.: 12699

Position Description

• To ensure that the internal audit function of the Bank provides quality services that comply with internal auditing standards and management expectations.
• To effectively and efficiently carry out planned assignments approved by the Head of Internal Audit.

Key Responsibilities

• Understanding the business processes.
• Assigning audit resources to each audit and ensuring that it is completed within agreed times.
• Upholding the highest possible quality of services through various quality control checks and appropriate allocation of duties. All reports emanating from the department should be checked for correctness.
• Maintaining constant communication with head of Internal Audit and ensuring that his expectations are met.
• Maintaining mutually beneficial relationships with external auditors, regulators and Group Internal Audit and providing them with periodic reports when required.
• Maintaining the use of best practices by researching and adopting new audit techniques where relevant, identifying skills deficiencies and recommending appropriate training programs.
• Monitoring staff performance standards for purposes of motivation, discipline, counseling and rewarding.
• Ensuring that close communication is maintained with Internal Audit team to provide guidance and enhance team spirit.
• The ongoing identification of risks and possible mitigants.
• Carrying out ad hoc assignments as instructed by Head, Internal Audit.
• Timely issuance of final reports on completed audits.

Key Performance Measures

• Satisfactory completion of annual plan within agreed timelines. Quarterly targets to be met.
• Submission of monthly, quarterly and annual reports to GIA and senior management.
• Budgetary expenditure variances to be positive.
• Level of legitimate complaints from customers and team to be nil or minimum.
• Positive feedback from Head, Internal Audit.
• Positive feedback from Internal Auditors.
• Required Skills and Qualifications

Qualifications and Competencies

• BSc/BA. Related certifications (CIA, CISA, CIMA, ACCA, ACA, ACIB, CFA or similar) are a plus.
• Senior level experience in a related role with experience in business, functional and people management, with proven abilities in taking responsibility for executing concurrently on a portfolio of high quality deliverables to stakeholders according to strict timetables.
• In-depth understanding of the inter-relationships of business and support units throughout the bank and how they impact the overall control environment and the audit approach.
• Over 10 years financial services/retail banking experience with a minimum of 8 years in a related role.
• Comprehensive knowledge of audit and risk assessment methodologies.
• Recognized as a leadership role model exhibiting initiative and intuitive thinking.
• Makes sound decisions and will be consulted often by others for advice and opinions.
• Excellent communicator (oral and written); must demonstrate strong judgment and political astuteness.
• Ability to communicate at all levels, both orally and in writing.
• Analytical, conceptual and strong negotiation skills.
• Exceptional candidates who do not meet these criteria may be considered for the role.
• provided they have the necessary skills and experience.

Required Competencies

Important Relationships

a.) Internal to Bank (who, why, about what)

• Continuous communication with the Head, Internal Audit to get advice and guidance.
• Consult the Head, Internal Audit to get ad hoc assignments and to obtain feedback on work done.
• Hold regular Portfolio Management discussions with auditee/stakeholder management to assess inherent risks and to obtain feedback on work carried out.
• Maintain close communication with Internal Audit team to provide guidance and enhance team spirit.
• Communication with the Head, Internal Audit on progress with regard to the annual audit plan.

b) External to Bank (who, why, about what)

• maintain close relationship with External Auditors during statutory audits.
• Liaise with Central Bank Examiners in the course of audits carried out by the Regulators.
• Liaise with other banks, particularly their Internal Audit and Investigation teams to share notes
• and enable a speedy resolution of investigation work.

Problem Solving, Planning and Decision Making

Problem Solving

• Decide on which business areas to include in the annual plan, based on global risk assessments and Audit Universe.

Planning

• Decide on the composition of audit teams, gravity of cases to be investigated and time to be allocated thereto.

Decision making

• Interpret audit findings and decide on suitability of recommendations made and overall rating awarded.

Application Closing Date
16th September, 2014

How to Apply
Interested and qualified candidate should:
Click here to apply