Manager Internal Audit NZ
Rabobank
Wellington City, NZ
5d ago
source : Jobnos

Job Overview & Purpose* :

Internal Audit (IA) RANZG help the Bank accomplish its strategic objectives by bringing a systematic and disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.

Being the third line of defence’, IA operates independently and directly reports to the RANZG Audit Committee and global Audit Rabobank Group Wholesale Rural & Retail (ARG WRR).

As a member of the department, the Manager is constructively contributing towards maintaining and enhancing the client relationship to (Senior) Management, lead or participate in audits on the adequacy and effectiveness of management control systems, report on the outcome and recommend improvements.

He / she will also assist the Head of Department in continuously improving the quality of the Department.

Context of Job* :

The combined result of changing regulation, changing demands set by RANZG and also changes within ARG WRR has resulted in greater expectations being set for the IA function.

These developments require IA greater focus on the most important themes and arising (future) risks / changing risk profiles, looking over the silo’s and need to co-

operate more closely within the ARG global network. IA will always report on the facts’ and will combine this with a clear view on the roles of the different lines of defence.

RANZG operates within two main head offices’ (Sydney and Wellington) and over 90 branches within Australia and New Zealand.

As a result, audit activities are required to be conducted from various locations and a physical audit presence in Wellington is in the process of being built up.

IA conducts audits and furnishes management with analysis, advice and recommendations. Evaluating whether businesses comply with internal policies, standards and procedures and if legislative or regulatory requirements are appropriately addressed by RANZG.

IA works with each business area to evaluate if adequate internal controls are implemented, to manage business risks associated with their operating activities and foster quality and continuous improvement in control processes.

IA provides a consulting service at the request of management for new products, new systems and other developments. IA liaises with the various governance groups as needed.

The Manager will lead some audits, participates in others and report on the outcome of work performed, discusses underlying root causes with the client and, in consultation with the client, formulates advice for improvement.

Going forward, the scope of individual audits will be more focused on addressing the main risks and themes.

The Manager also maintains the relations with RANZG senior staff and departments as allocated to him / her.

Within the team, the Manager is the subject matter expert for at least one of the areas of (credit) risk management, risk governance, compliance, IT or audit techniques (including ACL).

He / she will assist in translating changes in their field of expertise to requirements set on the IA function, thereby continuously improving the IA function ( implementation of working smarter’).

He / she does so by challenging the Head of IA and taking up a leadership role within their field of expertise.

Key Responsibilities and Accountabilities* :

Besides required audit skills and the ability to identify key issues and trends, good communication and leadership skills are a prerequisite.

More specific, the Manager will (for his / her field of expertise or the allocated areas) :

  • Develop and foster strong relationships with (Senior) Management. Establishing a trusting working relationship in which existing and upcoming issues or risks are openly communicated.
  • Support management in the process of analysing general risk management.

  • Translate actual trends and (risk) developments to requirements to be set on the audit program and (for individual assignments) risk based audit scope to evaluate the effectiveness of internal controls.
  • Manage the execution of allocated assignments, ensuring the effective allocation of the team’s resources to meet objectives.
  • Actively contribute to the execution of the other audits.

  • When executing the assignment, ensure appliance to required (quality) standards by preparing and / or reviewing work papers, the documentation and evaluation of controls and the conducting of audit tests.
  • Prepare the (draft) report and conclusions, including root cause analysis (also covering cultural and behavioural aspects) and recommendations, as applicable.

  • Ensure effective and timely communication to stakeholders regarding findings, risks recommendations and progress of assignments.
  • Evaluate the assignment with both the client and the team enabling continuous learning.

  • Review adequacy of action taken by management to correct reported deficient conditions.
  • Maintain an up-to-date client file so that it reflects the actual risk assessment and audit involvement of the allocated business areas.
  • Coach and challenge staff in order to grow their professional knowledge, skill and competency.
  • Act as a constructive challenger in the team, also initiate and lead change to improve the quality and added value of IA.
  • Qualifications* :

  • Tertiary qualifications in Business, Finance or Accounting.
  • Member of appropriate professional body Institute of Chartered Accountants (CA), CPA Australia (CPA), Institute of Internal Auditors (IIA).
  • Experience* :

  • Minimum 5-8 years’ experience in the Financial Services industry (prefer Rural, Credit Risk, Risk Management, Compliance and Internal Audit).
  • Experience in an Internal Audit role within Banking and Finance or external audit, indicating thorough experience with project management, audit methods and techniques.
  • Knowledge* :

  • In depth understanding of (general) audit methodologies and requirements, including the implications of the three lines of defence model’.
  • Specialist knowledge of at least one (specific) audit area such as (credit) risk management and / or compliance and / or IT / Operations.
  • Demonstrated understanding and experience in the banking and finance sector.
  • Good working knowledge of Australia and / or New Zealand regulatory requirements.
  • Good knowledge of data analysing techniques (ACL).
  • Skills* : Interpersonal skills

    Interpersonal skills

  • Proficient in the use of Microsoft packages.
  • Ability to build and maintain good relationships within the team and also strong ability to work in varying team compositions.
  • Based on expertise and initiative, actively contributing to innovation. Showing flexibility and agility. Able to adjust to the changing environment, tasks, responsibilities and / or people.
  • Excellent written and verbal communication, delivering a strong and clear message focussing on the key messages.
  • Leadership skills

  • Winning other people’s support by using convincing arguments and the correct tone and timing.
  • Customer focus

  • Ability to develop and maintain relationships with internal clients (and international colleagues) and to build and maintain relationships across various business units.
  • Ability to understand the business and the challenges of the client to keep abreast of developments and to translate these to business risks and / or audit requirements..
  • Provide countervailing power to pressure in the entities to be audited, signalling matters when they occur.
  • Planning and organisation

  • Ability to manage competing priorities, plan own and team work effectively and efficiently and redirect work when needed. Be self-motivated.
  • Ability to work in parallel on two different assignments / audits and work to tight deadlines and under pressure.
  • Competencies* :

  • Customer Focus Engaging the customer in dialogue. Detecting and listing customers’ wishes and needs. Responding and anticipating to this, putting customer interest first.
  • Thinking and acting from the customer’s perspective. Staying focused on creating added value for the customer (customer value) and improving the service provision.

  • Partnership Contributing to a joint result based on the philosophy of reciprocal value creation. Seeking collaboration and supporting others.
  • Showing commitment to the joint objective and acting accordingly. Sharing information and knowledge with others. Achieving and connecting synergies.

  • Deliver Results Working actively and in a disciplined way towards achieving the agreed results and set goals. Working according to the principles of right first time’ and good is good enough’.
  • Seeking challenges and identifying and creating opportunities to improve results.

  • Communication Delivers a strong and coordinated message. Ensures transparency.
  • Problem Solving Substantiating (strategic and operational) choices and actions based on sounds problem analysis. Collecting relevant information, analysing data and correlating.
  • Drawing correct and realistic conclusions.

  • Organising & Monitoring Organising work systematically, effectively and efficiently. Exhibit cost-consciousness. Monitor progress of tasks, activities and processes, and take action where necessary.
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