Manager, Credit Audit at SBM Bank

JOB SUMMARY:

The overall purpose of this role is to independently enable the board determine whether the credit risk management process is working effectively. The role is responsible for carrying out audit reviews for the various credit functions within the bank.

KEY RESPONSIBILITIES:

Strategic Management - 30%

• Regularly identify key processes of risk within credit processes in order to offer an overall opinion on the organization’s risk management, control and governance arrangements over credit processes.
• Develop risk–based annual audit plans detailing the scope, nature and timing of audit activities for credit processes for Board Audit Committee approval.
• Oversee implementation of the approved Credit Audits plan and propose adjustments to the plan if needed in response to changes in business risks, operations, programs, systems and controls.
• In liaison with the other Internal Audit Clusters and the Head of Internal Audit, participate in the preparation of Group, Management and Board papers capturing the key risk parameters as agreed on.

Leadership - 30%

• Participate in the process of attracting, hiring, and retaining a team of high-performing audit professionals who possess outstanding knowledge, experience, ethics, and integrity.
• Coach, develop and mentor team members in all aspects of the audit methodology also ensuring they are equipped with modern skills and tools.
• Review performance of the team within credit cluster guiding them on effectiveness and conformance to professional standards.

Internal Audit & Continuous Improvement - 20%

• Establish and maintain key relationships throughout the organization as a means of obtaining information needed to perform functional duties, provide advisory service and to provide strategic recommendations.
• If required, liaise with External Auditors, Group Staff and Central Bank Inspectors and facilitate provision of required information.
• Proactively engage various head of departments and respective EXCO Members responsible for credit processes to highlight recurring audit observations or long outstanding recommendations not implemented and agree on the required management actions.
• Ensure Internal Audit reports circulated are clear, concise, identify root causes with practical solutions, and ultimately provide value to management.

Operations and Sustainability - 20%

• Responsible for the overall work quality of the Credit audit unit, which includes identifying opportunities for audit process improvement and updating the unit’s quality assurance standards in accordance with established professional standards.
• Ensure the team remains abreast of emerging trends and best practices in internal audit that can be incorporated into the Credit Audit function.
• Drive automation where needed and optimization of existing technology to improve audit efficiency and effectiveness.

KEY RELATIONSHIPS:

Direct Reports to this Position

• Officers, Internal Audit.

Customers of this Position

• All staff- Credit management
• Business teams- Lending
• All Staff (Internal Audit)

KEY COMPETENCIES:

Knowledge; Skills and Experience required for this Role

Job Knowledge

• Industry banking practice and products & services
• Internal Audit Professional Standards - International Professional Practices Framework (IPPF)

Job Experience

• Working experience of at least 10 years in a banking environment with at least 3 years in a busy Internal Audit department at a managerial level.

Education

• University degree in business, preferably in Accounting or Finance from a recognized University.
• Professional certificates; CPA, ACCA, CIA, CISA etc.

Skills required for this role

• Data gathering, analysis and interpretation.
• Excellent communication skills – verbal and written.

Competencies required for this Role

• Leading and Supervising
• Persuading and Influencing
• Deciding and Initiating Action
• Presenting and Communicating Information
• Planning and Organizing