Manager – Credit Finance, and Market Risk Audit

Job Purpose

This position entails performing advanced and managerial auditing tasks. Responsibilities include planning, scheduling, and coordinating comprehensive audits, overseeing audit processes, and reporting findings. The role functions as a Team Leader, spearheading special projects and participating in task forces as required. Reporting directly to the Senior Managers or Head of Audit, this role also involves delegating tasks and leading the work of others.

The position requires minimal supervision, offering substantial freedom for initiative and independent decision-making.

Audit Planning / Design

• Execute, manage, and supervise the complete audit cycle, encompassing risk management and control management to enhance operational effectiveness, financial integrity, and compliance with all relevant directives and regulations.
• Maintains the Internal Audit Manual and spearheads the updating of audit methodologies and templates to align with evolving standards.
• Contributes to the development of training curricula and delivers formal training sessions on Internal Audit practices and procedures. Actively engages in ongoing professional development to stay abreast of industry regulations, best practices, methodologies, and performance benchmarks.
• Coordinates and leads regular audit meetings to review findings and discuss improvements, ensuring all team members are aligned with the latest auditing standards and strategies.

Conducting Audits

• Accurately defines and determines the comprehensive scope of audits, specifically tailored to assess, and improve business processes.
• Strategically plans and executes highly complex audits, ensuring thorough scrutiny and analysis of critical business functions.
• Facilitates open lines of communication between the audit department and senior management, providing regular updates and strategic recommendations to enhance organizational practices.
• Serves as an impartial source of independent advice, guaranteeing the validity, legality, and achievement of organizational goals.
• Leads cross-departmental collaboration initiatives to ensure a holistic approach to risk management and compliance across all levels of the organization.
• Estimates and communicates expected timelines for audit completion, meticulously maintains records of work performed and time spent. Responsible for the comprehensive preparation and submission of audit reports, which includes drafting, internal reviews, and client consultations. Incorporates client feedback appropriately into the final reports and submits them for final review.
• Analyzes market risk exposures to evaluate the effectiveness of risk mitigation strategies and adherence to risk appetite frameworks.
• Reviews ICAAP (Internal Capital Adequacy Assessment Process) reports to ensure accuracy, completeness, and compliance with regulatory guidelines.
• Reviews Basel Pillar III disclosures, ensuring transparent and accurate reporting of risk exposures, capital adequacy, and risk management practices.
• Assists in the calibration of risk parameters used in stress testing frameworks, ensuring they are robust and reflective of current economic scenarios.
• Reviews the risk management, credit, and other Bank policies and procedures to incorporate changes in market conditions and regulatory requirements.
• Reviews risk models to ensure they accurately reflect the organization’s credit and market risk profiles and comply with regulatory standards.
• Reviews testing and validation of risk models to ensure accuracy, reliability, and compliance with regulatory requirements.
• Reviews documentation of risk models, including model methodologies, assumptions, limitations, and validation results.
• Evaluates management operations, internal control systems, and accounting records to assess their adequacy and effectiveness.
• Advises management on enhancements to business processes, accounting practices, and management procedures. Actively participates in workgroup committees to facilitate collaborative improvement initiatives.
• Gathers and documents a detailed understanding of business requirements, associated risks, and pertinent control measures.…