Audit Portfolio Manager- Wealth

Gauteng, Full Time

Job Purpose

To conduct portfolio audits and manage stakeholder relationships and portfolio specifically relating to Insurance which is part of the wider Wealth portfolio.

Job Responsibilities
Insurance industry

Deep insurance industry experience for a minimum of 5 years.

Insurance strategic insights & Client Centricity

Understand and stay abreast of developments in field of expertise, emerging risks and insurance industry trends (including competitors and digital trends).
Understand current insurance industry and business strategy, reality, impact of transformation, digital initiatives, risks and expectations and consider key and/or emerging risks to update the annual risk-based annual audit plan, in order to support relevant GIA reporting.
Be commercially minded with a Nedbank client centric approach and understand the broader business strategy in the auditing approach.

Transformational Assurance

Execute audit assignment planning, fieldwork and reporting in line with the Group Internal Audit (GIA) methodology and Institute of Internal Auditors (IIA), including file completion.
Seek opportunities to improve business processes, models and systems through agile thinking.
Identify and assess the design adequacy and operational effectiveness of manual and automated controls within audit scope and utilising data analytics.
Identify and ensure compliance with relevant laws, regulations and guidelines in line with audit scope.
Influence stakeholders to address inefficiencies in resolving audit findings through utilising professional experience in demonstrating benefits of best audit practice.
Ensure continuous improvement of the quality of audits through providing professional insights.
Ensure improved productivity and efficiency and the delivery of projects within agreed timelines.
Achieve operational excellence and support the implementation of business optimisation improvement in GIA.
Apply professional judgement in all audit interactions.
Deal with complex verbal and documented information and data in the audit process.

Digital Platform & Data Driven Audit

Apply knowledge of insurance sector, digital transformation, and emerging risks to assess and engage with stakeholders on large-scale and complex changing environments, data, IT infrastructure and technology and determine best approach and testing strategy to provide insightful reporting.

Integrated Risk and Control Environment

Engage with the risk and compliance community to ensure coordinated assurance approach and assessment of risk and control to ensure scope is appropriately defined.

Job Responsibilities Continue
Impactful Reporting

Prepare quality, relevant and commercially astute assignment and reports that provide intelligence and meaningful insights that enable the management of risk to be a strategic and competitive differentiator for Nedbank.
The ability of story-telling and writing reports in a succinct and concise manner which is visually appealing and at an appropriate level for various stakeholders and governance forums, including Group Audit Committee.

Business Partner Relationships

Build and maintain an open and constructive relationship during and outside of scheduled as a Trusted Advisor with senior internal and external stakeholders including External Audit and Business Executives and the risk and compliance community.
Build trusting relationships and improve credibility and quality of audit outputs by achieving team objectives through engaging with staff, peers and other departments for reporting purposes.

Effective Leadership

Create an environment of teamwork that contributes to Group Internal Audit (GIA);
Ensure personal growth and enable effectiveness in performance of roles and responsibilities.
Contribute to the Nedbank Culture building initiatives (e.g. staff surveys etc.).
Participate and support corporate responsibility initiatives for the achievement of business strategy.

Minimum Experience Level

5+ years in insurance (mandatory) and/or wealth management (advantageous) within 1st, 2nd or 3rd line of assurance.

Essential Qualifications – NQF Level

Advanced Diplomas/National 1st Degrees

Preferred Qualification

Certified Information Systems Auditor (CISA) and optional Certified Internal Auditor (CIA)
Certified Internal Auditor (CIA) or Certified Information Systems Auditor (CISA) or Certified Financial Services Auditor (CFSA)

Type of Exposure

Influencing stakeholders to obtain buy-in for concepts and ideas.
Conducting quality assurance reviews
Sharing information in different ways to increase stakeholders understanding
Building and maintaining effective relationships with internal and external stakeholders
Interacting with diverse people
Analysing and interpreting qualitative and quantitative data
Insurance (mandatory); advantageous wealth, asset management and banking
Communicating standards to others
Consolidate data from various sources and identify/interpret trends

Technical / Professional Knowledge

Audit reporting
Audit standards and practices
Banking knowledge
Governance, Risk and Controls
Ethics and Fraud
Reputational risk management
Information technology
Business writing skills
Regulatory, Legal and Economics Principles
Business Acumen

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