Fraud Assurance Analyst (Fraud Solutions)

at  Absa Bank Limited

Empowering Africa’s tomorrow, together…one story at a time.
With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
Job Summary
To provide specialised assurance support and advisory to business units. To and execute assurance assignments in accordance with the Group Assurance Standard, relevant policies, procedures and quality standards.
Job Description

Job Description:

• Actively participate in all of the audit phases - planning and scoping (identification of risks and controls), fieldwork (execution of design and operating effectiveness assessments) and reporting (ensure audit observations and planned actions are agreed with management for factual accuracy).
• Ensure that delivery adheres to the Fraud Solutions Assurance Methodology, Absa Governance Framework and quality standards.
• Prepare assurance observations and make sure that they are concise, factually accurate and cover all of the significant issues. The observations must be insightful, address the root causes, and have agreed actions that fully mitigate the risk.
• Provide suggestions to stakeholder management on how they can address the control issues identified.
• Display professional skepticism, raising and discussing contentious observations with management and provide evidence to support all issues identified.
• Provide timely feedback to the Head of Fraud Controls and Governance, functional heads, and fraud assurance team members with progress on identified issues and observations raised.
• Draft all findings and reports so that they are concise and factually accurate.
• Assist in the development and coaching of junior team members in assurance and governance principles.
• Support the development and implementation of data analytics driven business-monitoring programmes to support the Fraud Solutions Assurance and Fraud Loss team.

Stakeholder engagement and Portfolio management

• Develop and maintain relationships with business (including, Fraud Solutions Functional areas, 2LOD and Compliance and Internal Audit).
• Support the Combined Assurance effort across 2LOD and 3LOD to strengthen the Fraud Solutions control environment.
• Provide input into the Fraud Solutions risk and committee reporting, clear messaging and impact on the risk and control environment of the business.

Knowledge Management

• Display professional skepticism and apply a residual risk lens to potential assurance review issues with management and in final reporting.
• Continuous upskilling on both technical and other core competencies.
• Keeping up to date with industry trends, regulatory changes and professional standards.
• Assist in upskilling team members as well as stakeholders to ensure knowledge sharing and skills transfer across the Fraud Assurance and Governance team.

Knowledge and skills

• Practical experience of development and execution of IT General and Application Controls, analytics programs to assess risk and related control environments as part of an internal or external audit role/function, or as part of a risk management function.
• Solid understanding of financial accounting Principles.
• Solid understanding of risk and governance.
• Detailed understanding of business Processes, Risks and Controls.
• Knowledge and experience in the use of IBM Open Pages.

Advantageous:

• Practical knowledge of data mining, data analysis and visualization techniques.
• Financial analysis
• Experience doing technology or cyber security audit or assurance work.
• Experience in Banking or Financial Services.
• Experience in Forensic Accounting or Auditing.

Education

• B Degree (e.g., Commercial, Informatics, Statistics, Computer Science, Audit)
• Completed Internal Audit or SAICA Articles and 2 years Post articles experience minimum.

Advantageous

• B Degree (Honours) (e.g., Commercial, Informatics, Statistics, Computer Science, Audit)
• CISA - Certified Information Systems Auditor; CIA - Certified Internal Auditor; CFSA - Certified Financial Services Auditor; CCSA - Certification in Control Self-Assessment
• Newly qualified Chartered Accountant.
• Data Science Qualifications or Certifications.

Education
Bachelor`s Degrees and Advanced Diplomas: Law, Military Science and Security (Required)
Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.
Absa Bank Limited reserves the right not to make an appointment to the post as advertise

Please refer the Job description for details