Nedbank Group - Quantitative Analyst

Applications accepted until: 15th of Aug, 2014

Advert Code: QUANTI05
Nedbank Sub Division Cluster
Audit
FAIS Affected:
No
Location
135 Rivonia Road, Sandton
Job Purpose:
To conduct internal audits to provide information used to provide independent, o
bjective assurance to the Nedbank Group Limited Board of Directors via the Group
Audit Committee including Old Mutual Plc., that the governance processes and ma
nagement of risk and systems of internal control, are adequate and effective to
mitigate the most significant risks, both current and emerging, that threaten th
e achievement of the Group s objectives, and in so doing help improve the control
culture of the Group
Key Performance Areas:
Managed Productivity
Manage billable hours allocated to each audit by capturing time on timesheet sys
tem (Team Tec) to ensure cost effectiveness and to ensure work delivered is bill
ed appropriately to stakeholders.
Track audit deliverable milestones by managing timely delivery of audit on Share
Point to ensure deliverables are met within agreed timeframe.
Managed Stakeholder Relations
Compile and maintain structured engagement plans for all stakeholders, to ensure
that to determine client needs and expectations and build trusting and professi
onal client relationships.
Interpret and ensure understanding of implications of client needs and expectati
ons to ensure these are met.
Provide information and feedback to the internal and external clients to meet bu
siness needs and build collaborative relationships.
Managed Governance, Compliance and Risk Based Assurance
Conduct pre-audit investigation by attending meetings and conducting research to
understand the Business environment.
Analyse all business documents, results and reports to identify high risk areas.
Conduct one on one meetings with key stakeholders to gain understanding of the a
rea to be reviewed and consider other relevant input in order to document proces
s flows and identified risks and controls (RACM).
Complete model risk assessments and determine quantitative substantive procedure
s to provide assurance on model risks (RASM). Analyse models through completing
substantive procedures and conclude on model risks.
Participate in the development of the Audit Planning Memorandum to ensure comple
teness and relevance.
Compile audit planning documents (audit plan memorandum, risk and control matrix
) through engagement with stakeholders, to identify scope of audit and to ensure
work is completed according to plan, within agreed billable hours and according
to Group Internal Audit (GIA) methodology.
Coordinate and manage audit by monitoring timelines, milestones and deliverables
to ensure appropriate contingencies are implemented so that audit can be perfor
med as per agreed scope.
Managed Self
Review own audit plan to ensure alignment to support the achievement of GIA stra
tegy, objectives and values.

Identify training opportunities and career progression for self through input an
d feedback from management, to improve personal capability and to stay abreast o
f developments in field of expertise.
Ensure all learning curriculum activates are completed within specified timefram
e to ensure personal growth and enable effectiveness in performance of roles and
responsibilities.
Share professional knowledge with team to improve team efficiency.
Provide input into management recruitment processes of subsidiaries through revi
ew of short-listed applicants, to ensure alignment to business objectives and gr
oup requirements in terms of skills and competence.
Facilitate new starter training, methodology specialist skills training by coord
inating, planning and organising the attendance of relevant delegates to ensure
professional competence and alignment to objectives.
Improved Transformation and Culture
Participate in Nedbank Culture building initiatives (eg. Staff surveys etc.) con
tributing to a culture conducive to the achievement of transformation goals.
Participate and support corporate responsibility initiatives for the achievement
of business strategy (eg. Green Strategy).
Identify opportunities to improve or enhance business processes and methodologie
s by researching, developing, implementing and recommending improvement initiati
ves and effective ways to operate and add value to Nedbank.
Identify areas of non-compliance with laws, regulations, and guidelines through
audit work performed.
Provide timely guidance and feedback by identifying audit issues to ensure other
s comply with laws, regulations, and guidelines to improve the control culture.
Essential Qualifications:
BSc or BSc (Hons) in Statistics, Mathematics, Actuarial Science or similar
Preferred Qualifications:
Certifications:
Optional Certified Internal Auditor (CIA)
Job Related Experience:
1 - 2 year's relevent experience
Technical Competencies:
SAS, R, MatLab, Excel, SQL
Microsoft Office
Nedbank vision and strategy
Principles of project management
Business writing
Behavioural Competencies:
Technical/Professional Knowledge and Skills
Applied Learning
Decision Making
Managing Work (includes Time Management)
Communication
Building Trust
Contributing to Team Success
Tenacity
Required Industry Acumen:
Number Of People Reporting Directly Into Job:

Compliance/Legislative Requirements:
Working Time:
Travel Requirements:
Equity Statement:
Preference will be given to applicants from designated groups and suitable inter
nal candidates in line with Nedbank's policies.