Internal Audit Officer - SIPML at Stanbic IBTC Bank

Stanbic IBTC 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.

Standard 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 resourceful individuals to join our dedicated team at our offices.

We are recruiting to fill the position below:

Job Title: Internal Audit Officer - SIPML

Job ID: 38776
Location: Lagos Island, Lagos
Job Sector: Banking

Job Purpose

• Internal Audit officer provides an independent, objective assurance and consulting activity designed to add value and improve organisation’s operations
• Internal Audit officer helps the organisation accomplish its objectives by carrying out review of the existing controls and procedure in a systematic, discipline approach to evaluate and improve the effectiveness of risk management, control, and governance processes
• Internal Audit officer provides an independent, objective assurance and consulting activity designed to add value and improve organisation’s operations
• Internal Audit officer helps the organisation accomplish its objectives by carrying out review of the existing controls and procedure in a systematic, discipline approach to evaluate and improve the effectiveness of risk management, control, and governance processes

Key Responsibilities
Review Risk and Control Management over operations’ effectiveness and financial reliability:

• Identify loopholes and recommend risk aversion measures and cost savings
• Maintain open communication with management and audit committee
• Document process and prepare audit findings memorandum
• Determine internal audit scope and develop annual plans
• Implementation of audit plan
• Drive prompt resolution of audit issues raised
• Carry out risk assessment
• Implementation of feedback from Board Audit Committee and any other relevant Board Committee
• Management of external auditor activities.
• Drive compliance with Tax regulations
• Manage third party contractors including forensic accounting and auditing firms.
• Year on year improvement in external survey rating reports

Monitor continuous knowledge development regarding sector’s rules, regulations, best practices, tools, techniques and performance standards:

• Act as an objective source of independent advice to ensure validity, legality and goal achievement
• Ensure increased level of corporate and regulatory compliance.

Report to Head Internal Audit:

•  Maintain open communication with Head Internal Audit
• Obtain, analyze and evaluate accounting documentation, previous reports, data, flowcharts etc
• Conduct follow up audits to monitor management’s interventions

Manage all Investigations as directed by Senior Management:

• Ensure that the company’s core values are adhered.
• Adhere to acceptable business culture and reputation

Delivers on all business strategies.

• Carries out proper engagements for fact finding
• Creates awareness on risks and conducts
• Provide value add recommendations

Internal & External Relationships

Wealth Business and EXCOs - Heads of Departments and BUs:

• Description or examples: Maintain close contact with all internal stakeholders within the Wealth sectors and GIA

Group - BU heads in Stanbic IBTC and GIA:

• Description or examples: Approval and contribution to Policies

Role type of external contact: Regulator:

• Nature of relationship: Manage the relationship
• Description or examples: Contributes to industry initiatives like training

Role type of external contact: Customers:

• Nature of relationship: Manage the relationship
• Description or examples: Gets customers for the business and assists in managing some and difficult situations

Preferred Qualification and Experience
Qualification:

• First Degree Field of Study - Auditing and Financial Management
• Other qualifications, certifications or professional memberships - Advanced/Professional Degree or Professional Qualification/Certification in Accountancy/Accounting such as ACCA/ACA/CIA/CISA/CFE

Experience:
Independent Assurance - Internal Audit and Controls:

• 2-3 years experience in internal audit and control experience

Wealth Management - Client Services & Relationship Management:

• 1-2 Years Experience Description

Risk Management - Investigations:

• 1-2 years investigation experience

Information Technology - ICT Audit:

• Ability to manage IT related audit and investigation

Business Support - Transactional Products:

• 1-2 Years Experience and understanding of operational transactions and improve over all experience

Knowledge/Technical Skills/Expertise
Audit Process:

• The ability to develop control improvements required to mitigate the risks or control failures identified during internal audit reviews.

Control Evaluation:

• Knowledge of standards required in managerial and financial auditing, to identify exceptions to control procedures and standards, and develop specific solutions or recommendations.

Investigative Auditing:

• The ability to conduct investigations and gather evidence where cases of fraud (internal or external) are reported or suspected.

Risk Management:

• The ability to interpret regulations and laws that apply to the business and to provide information to business on how to comply

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online