Head, IT Audit
stanard bank
Lagos Island
10d ago

Job Purpose

Provide assurance to Audit Committee that processes and systems are working effectively and efficiently, and in conformity to policies, standards and best practices.

  • To effectively and efficiently carry out planned audit assignments approved by the Head of Internal Audit
  • Key Responsibilities / Accountabilities

    Key Responsbilities

    Contribute to the development of Audit functional and service strategy

  • Develop IT service approach and continuously align to industry best practice, GIA Strategy and relevant Audit Portfolio Business unit strategy.
  • Ensure a balance of optimal risk coverage and effortless and efficient service delivery through partnership and reliance on work performed by management, group risk, external auditors, and regulators.
  • Participate in implementation of IT projects.
  • Review and ensure that ICT security is adequate, effective and efficient in all areas viz a viz : Authorization and repudiation controls, Physical access controls, Logical access controls, Environmental controls, Administrative Controls, Communication and network controls.
  • Review applications / systems to ensure functionality, availability and processing controls like segregation of duties.
  • Assist in the implementation of information system projects and ensure that the relevant controls are in place from on set.
  • Review of Income Assurance using Audit Command Language (ACL) to guard against income leakages through unauthorized income and expense interest rates etc.

  • Generation of reports for investigation using ACL.
  • Investigate IT related problems / issues.
  • Ad hoc as assigned by Head of Department
  • Provide the third line assurance services

  • Contribute to development of the GIA Annual Audit Plan applying a risk based approach.
  • Perform regular risks assessment to maintain the relevance of the annual plan, assessing both internal and external risk factors.
  • Deliver on all planned / agreed / allocated audits / advisory / proactive assurance on change the bank assignments (as per annual plan or added to plan as per management request) in the allocated audit portfolio.
  • Deliver allocated components of the audit / advisory / proactive assurance assignment and report on these according to the GIA methodology and GIA quality standards.
  • Implement and contribute to continuous enhancement of quality control standards and toolkits for audit assignments.
  • Contribute to the continuous enhancement of the internal audit framework components

  • Contribute to the continuous enhancement of the internal audit framework components (Methodology, Approach, Templates, and Tools)
  • Develop and continuously enhance the service delivery framework components under the custody of the allocated audit service area.
  • Ensure that the knowledge database is kept up to date with key portfolio information.
  • Stay abreast with best practices, industry regulations, risks, audit techniques and tools through research, association with profession bodies, etc.
  • Internal & External Relationship

    Group Operational Risk, Group Internal Control, Group Compliance, IT Security - Head Operational Risk, Consultant Operational Risk, Head Internal Control, Internal Control Officers, Group Compliance, IT Security

    Provide Audit Services

    PBB, CIB, CF - Business Unit Executives and Senior Management

    Group External Auditors

    Influence their scope of work, provide and receive services from them

    Preferred Qualification and Experience

    Honours Degree

    Professional Certification CISA, CIMA / ACCA, ACA, ACIB, CISM, ETC

    Computer Science / IT Related degrees ,Accounting, Business Management , and Banking & Finance

    Job Function : Independent Assurance - Internal Audit

    Minimum of 10 years’ experience part of which must have been in the Internal Audit department.

    Job Function : Information Technology - IT Audit

    5-7 Years Experience in Practical working knowledge of business processes and controls as well as business applications that support them.

    Job Function : Finance - Financial / Statutory Accounting

    1-2 Years Experience in understanding accounting transaction posting rules and general acceptable financial reporting standards

    Knowledge / Technical Skills / Expertise

    Execute Audit Delivery

  • Analytical, numeric and negotiating skills. Simple and Complex Data Analysis employing Computer Assisted Audit Tools.The ability to plan, execute, report on an audit or advisory review assignment following the Group Internal Audit methodology in order to meet the audit objectives and give assurance to management on the Bank’s risk and control environment
  • Maintain IA Professional Practices

  • Knowledge of Internal Audit International Professional Practices and apply them to improve the audit methodology, and as a quality standard for audit engagement deliverables to ensure continuous improvement of the audit function.
  • Promote Good Governance, Risk and Control

  • The ability to assess governance and control frameworks against the appropriate risk appetite and enhance the risk management culture in line with the organisational objectives.
  • Effective Business Communication

  • The ability to communicate information and ideas in a clear and concise manner appropriate for the audience in order to explain, persuade, convince and influence others to achieve the desired outcomes.
  • Champion Improvement and Manage Change

  • The ability to initiate and manage change, continuous improvement and innovation and encourage others to do that same, while assessing risks and barriers for change and adapting audit activities.
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