Senior Manager Internal Audit, Credit Risk Management Assurance

JOB PURPOSE

Key Responsibilities

Main Responsibilities

Planning

· Plan individual internal audit assignments, identifying and assessing material risks relevant to the target audit project/activity and determining the audit scope and objectives.

Fieldwork

· Execute assigned audit projects relating to the Bank’s credit risk management activities, product development and implementation of related strategic initiatives, business development and client relationship management, consistent with the audit program and in line with the approved audit methodology, international standards, and leading practices.

Reporting

· Factually report audit findings/observations with practical recommendations or agreed management action plans (MAPS) that address the identified root causes, with due consideration of the Bank’s value drivers and strategic objectives and appropriate balancing of business needs with compliance imperatives.

Follow up

· Conduct follow up reviews to validate the implementation of agreed MAPs and evaluate the effectiveness in resolving identified risk management, control, and governance weaknesses or value-enhancing gaps.

General

· Maintain quality working paper documentation that clearly indicates the comprehensive work done and adequately support audit findings and conclusions.

· Liaise with auditees and Management at all stages of the audit project and manage and negotiate with stakeholders with a view to obtaining necessary buy in, including management commitments for resolution of agreed action plans.

· Serve as subject-matter expert to management, providing advice, insights, and foresights on credit and product development-related risks and controls, emerging trends and patterns, international standards, and best practices.

· Assist the leadership of Internal Audit with other assignments including development of internal audit strategic plans, policies, and work practices.

Compliance Responsibilities

● Understand and adhere to the Bank's AML, Regulatory and Conduct Compliance policies and procedures, notably.

- Staff Handbook (has code of conduct provisions)

- Anti-Money Laundering (AML), Counter Financing of Terrorism and Counter Proliferation Financing

- Conflicts of Interest and Policies on Staff Involvement in External Engagements/Activities

- Anti-Bribery & Corruption

- Insider Trading Guidelines

● Report any suspicious or non-compliant activities or matters relating to the Bank’s staff or the customers to the Compliance Department.

● Complete the Annual Compliance Training/Assessment.

QUALIFICATIONS AND EXPERIENCE

Minimum

Qualifications

● Master’s degree in Accounting, Business Administration, Economics, Finance or related fields from a recognized University.

● Relevant professional qualifications in Accounting or Auditing such as ACA, ACCA, CA, CPA, CIA, CISA, etc.

Years & Nature of Experience

● Minimum of 10 years’ experience in Internal Audit with the last 5 years in a leadership role, preferably in the financial services industry or consulting.

● Demonstrable knowledge of Risk-Based Internal Audit (RBIA) methodologies and experience in using root cause analysis to undertake value-adding audit.

● Extensive experience in conducting audit of structured trade finance, infrastructure and project finance, and development and social impact finance portfolios.

● Extensive knowledge of the development finance industry and international regulatory standards.

● Strong analytical skills, including ability to leverage leading practices and tools (data analytics, processes automation).

● Excellent verbal and written communication skills in English combined with ability to build compelling business cases and adapt communication style to gain buy in. Knowledge of the Bank's other working languages (French, Arabic and Portuguese) is an added advantage.

● Self-motivated and ability to drive work to a conclusion and meet deadlines with minimal supervision. The candidate should be able to work independently as well as a cohesive member of a small team.

● Ability to work effectively in an evolving and challenging multi-cultural environment.

TECHNICAL COMPETENCIES

Proficiency level:

As shown in Table 1 below:

PROFICIENCY

LEADERSHIP SKILLS

INTERPERSONAL SKILLS

PROBLEM SOLVING & BUSINESS IMPACT

SUPPORTING

AFREXIMBANK MANDATE

>Expert specialists who lead teams, possess deep knowledge, manage impactful projects, and represent the Bank regionally.

> Highly influential in area of expertise, extending to other organizational functions and frequently provides advice to senior individuals for input to team/functional strategy.

> Can confidently lead, coach and guide multiple teams of professional staff.

> Ability to develop and communicate a clear vision for projects or technological direction and identifying relevant business areas that would benefit from cross-functional technical collaboration.

> May engage with high profile internal and external stakeholders, representing Afreximbank Group, (or sometimes the President) at third party events and meetings.

> Contributes to negotiations, primarily in a technical capacity, with firm-wide impact.

> Proactively explores opportunities for technical or innovative advancements for the Bank.

>Influences within own team (and occasionally beyond own team) to drive and achieve results.

> Possess an exceptional ability to solve complex technical problems using experience and in-depth technical expertise. Acts as subject matter expert and the default technical escalation point for solving issues in own team.

> Contributes to the business by leading innovative technical initiatives, staying up to date on cutting- edge developments and industry trends in area of specialism to drive innovation within the function.

> Has a comprehensive understanding of how own function contributes to the wider business and to the achievement of Afreximbank Group’s vision and mission.

> Has a comprehensive knowledge of the Continent and African Diaspora’s political, economic and trade landscape and able to confidently converse about it with senior external stakeholders.

> Champions Afreximbank Group’s values and mission across the organisation and externally.

Behavioural Competencies

Afreximbank’s Core Values:

● Commitment to Africa and supporting the emancipation and empowerment of Africans

● Uncompromising integrity

● Passion for Learning and Drive

● Teamwork

● Trust and Respect for the Individual

● Innovation, Excellence and Flexibility

● Professionalism and Responsiveness

KEY INTERACTIONS

Internal

External

● All group functions, including subsidiaries.

● Third-party service providers, consultants, vendors, and peer organisations.

● Regulators and IA practices standard setters.