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) :
Support management in the process of analysing general risk management.
Actively contribute to the execution of the other audits.
Prepare the (draft) report and conclusions, including root cause analysis (also covering cultural and behavioural aspects) and recommendations, as applicable.
Evaluate the assignment with both the client and the team enabling continuous learning.
Skills* : Interpersonal skills
Planning and organisation
Thinking and acting from the customer’s perspective. Staying focused on creating added value for the customer (customer value) and improving the service provision.
Showing commitment to the joint objective and acting accordingly. Sharing information and knowledge with others. Achieving and connecting synergies.
Seeking challenges and identifying and creating opportunities to improve results.
Drawing correct and realistic conclusions.