Posted on :
13 Sep, 2010
In Group Internal Audit (GIA) we play a key role in the bank’s wider corporate governance framework. As such, we provide independent and objective assurance to the board, senior managers, and various group and country audit committees, that our internal control processes are efficient and effective.
We cover all of the bank’s key functions, reviewing their activities and assessing the likelihood and potential impact of business risks. Most of the bank’s risk is related to its operations, so we focus on carrying out operational audits. This means we need to work closely with business areas to understand their commercial objectives and take an interest in their work. This then gives us the information we need to make appropriate judgements on what’s right for the business and prioritise our work accordingly
On this three year programme, you’ll join a major audit function with around 300 people working in 20 different countries. You’ll gain practical experience as an auditor in all of our business areas, covering different aspects of internal audit and potentially experiencing rotations in our African or London operations. This will include exposure to complete audits, from planning, compiling the RACA and carrying out fieldwork, to audit reporting and issue tracking.
By the end of the programme, you’ll be a fully qualified internal auditor who won’t just perform the mechanical auditing tasks, but who’ll understand the objectives of our different businesses and will take an active interest in their portfolios. You’ll also have developed the judgement you’ll need to act on the findings of an audit. Most of all, you’ll have the confidence to stand up for the course of action that’s right for the bank. In short, you’ll have the expertise to add value to our business.
Your rotations will be in three main business areas.
The audits we carry out in the South African PBB business focus on our customers’ contact with the bank. These include normal banking services, our branches and ATMs, as well as specialist business teams such as Vehicle and Asset Finance and Home Loans. We also carry out audits for Standard Bank Africa.
In CIB, our audits cover trading, asset management, trade and structured finance, as well as a range of other services.
These audits cover all the central teams that support our group functions, such as Group Finance, Corporate HR and Group Risk.
We also have specialist teams covering these areas:
Our large Fraud and Forensics team covers a wide variety of different issues. These include investigating staff misconduct, allegations of theft, fraud, corruption and robberies, as well as syndicate related matters and issues that might pose a risk to our business reputation.
Technology touches every area of our business, so our IT audit team looks at every system relating to our business operations and the supporting IT processes. This involves using a range of technical tools such as continuous audit, CAATS and data extraction tools like ACL.
Auditing credit risk, market risk and other models, this recently formed team uses strong quantitative skills.
With a three year B.Com (or equivalent), including internal auditing and finance as third year majors, you’ll ideally have at least two years’ banking experience. As well as educational qualifications, we’ll be looking for you to show us an analytical and logical approach to problem solving, an eye for detail and the ability to be responsible and accountable for complex work.
Naturally, you’ll need to be a good communicator and networker, with the ability to work under pressure, make rational decisions and complete tasks. You’ll also need to be a South African citizen.