Internal Audit Manager needed at Discovery Limited

Job Purpose 

• This role is part of the Internal Audit team that provides assurance for the Bank in terms of the “three lines of defence model.” This requires working closely with other assurance providers to develop and implement a combined assurance framework that supports the delivery of an integrated and efficient audit service to the business. 
• Discovery Bank has recently launched to the public and has an extensive innovation programme in place to ensure that the world’s first behavioural Bank continues to deliver innovative solutions to our customers. 
• As Innovation is a core value at Discovery, the Internal Audit team is innovating how audits are planned, executed and reported.  
• The Data Scientist role will work together with the Bank’s digital teams and other data scientists across the Bank to build digital audit tools that will provide continuous assurance on the various data streams. The objective of this role is to automate core assurance by using advanced analytics and real time reporting mechanisms. Ultimately, the data scientist in the Internal Audit team will also develop machine learning algorithms to achieve audit objectives in real-time. As Artificial Intelligence develops, this will provide an opportunity to embed AI solutions in the Digital Audit team.  
• This role will be at a manager level in the Internal Audit team and expected to participate in designing and implementing a strategy for the Internal Audit function to build a Digital Audit capability in line with the Digital Banking business model. 

Areas of responsibility may include but not limited to: 

• Assist in designing the Digital Audit strategy and actively drive the implementation of this strategy. 
• Work with data scientists across the Bank to develop continuous assurance tools that provide real-time reporting to Executive Management and the Board. 
• Develop the Audit Universe, Annual Internal Audit plan and the three-year rolling plan aligned to risk based auditing principles  
• Develop and maintain internal audit methodology and procedures 
• Lead and conduct audits in line with IIA standards 
• Facilitate knowledge and information sharing between staff members and other departments 
• Develop, implement and operationalise monthly issue tracking process 
• Prepare Risk Committee packs  
• Attend Risk Committee meetings as required 
• Prepare Audit and Compliance Committee submissions  
• On request, attend Audit Committee meetings 
• Maintain quality standards across all audits 
• Effective and efficient management of daily operational activities 
• Daily management of assigned staff (where relevant) 

Personal Attributes and Skills 

• Be a team player  
• Strong technology background with experience in Digital technologies and solutions 
• Be Proficient in the IIA International Professional Practices Framework (IPPF), Code of Ethics and Standards 
• Strong business acumen and strategic thinking ability 
• Strong stakeholder management  
• Strong written and verbal communication skills 
• Strong problem solving and decision making 
• Ability to manage change and innovation  
• Strong influencing and negotiating skills 
• Ability to manage conflict 
• Ability to navigate complexity and ambiguity 
• Highly developed investigative skills  

Education and Experience 

• Bachelor’s degree in a Data Science field 
• Minimum 3 Years’ audit related experience (across Retail Banking IT and Retail Banking Business operations) 
• Industry experience required: Financial services (retail banking) essential – at least three years 
• 2 Years’ management experience leading a team of 2 or more people  
• CISA advantageous 
• CIA advantageous 
• Advanced proficiency in Excel  
• Data mining / data analytic skills 

Competencies: 

• Innovative thinker: ability to bring new thinking to planning and conducting audits especially the use of emerging technologies in the audit discipline 
• Analytical Thinking Ability: ability to split a task or problem into its component parts and use these in a logical and systematic manner to reveal all the implications of the consequences of situations 
• Audit Management Skills:  planning, prioritising audits, resources and controlling audits, take preventive and evasive action to meet deadlines.   
• Communication Skills: able to communicate clearly both verbally and in writing.   
• Relationships: building relationships with auditees, audit committees and external auditors. 
• Conceptual Thinking Ability: ability to integrate the components of a task or contract to obtain a holistic view. 
• Reporting Skills: ability to consolidate information and extract the necessary relevant information.