Stanbic Bank was established in 1965 as ANZ Grindlays Bank and became part of the Standard Bank Group in 1992. The name Stanbic is an acronym for Standard Bank Investment Corporation, the holding company of the Standard Bank Group.
The bank now known as Standard Bank was formed in 1862 as a South African subsidiary of the British overseas bank Standard Bank, under the name The Standard Bank of South Africa.
Until 1962 the British bank was formally known as the Standard Bank of South Africa, although by then its operations spread across Africa. When the South African operations were formed into a subsidiary in 1962, the parent changed its name to Standard Bank Limited, and the South African subsidiary took its parent’s previous name
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In 1992, Standard Bank acquired ANZ Grindlays Bank’s operations in eight African countries, including Zimbabwe, and renamed most of the banks Stanbic to differentiate them from their former major shareholder and competitor, Standard Chartered Bank. Stanbic Bank Zimbabwe began operations in November 1992 and is regulated by the Reserve Bank of Zimbabwe (RBZ).
An Auditor, or Junior Auditor, is a financial specialist who performs audits on financial accounts for companies and organizations to ensure the validity and their financial data. Their duties include examining financial statements for accuracy and legal compliance, preparing tax returns and analyzing account books and accounting systems for corporations to ensure efficiency and accuracy.
Auditors do more than keep track of the company’s financials. Depending on the size and needs of the company, they will:
- Diligently keep a systematic check on the company’s spending to improve organizational efficiency.
- Prepare balance sheets and audit statements.
- Prepare all documents related to finance.
- Conduct and attend regular meetings with senior management to share financial findings.
- Keep a check on processes and regulations, ensuring compliance with financial policies and regulations.
- Travel to client sites for auditory reviews and assessment.
- Provide a qualitative and quantitative evaluation based on empirical data findings.
- Work closely with the Director of Finance and the CFO to increase the financial efficiency of the company.
Auditors, also known as systems auditors, review and audit financial systems or accounts for companies or individual’s. Their responsibilities include:
- Conducting auditsAuditors can conduct audits in person or remotely. They may be employees, consultants, or independent auditors hired to provide an unbiased opinion.
- Examining financial statementsAudits are official inspections that help uncover problems, ensure efficiency, and prepare businesses for challenges.
- Evaluating internal controlsAuditors ensure that internal control systems provide reasonable assurance that an organization’s goals will be met efficiently and economically.
- Analyzing dataAuditors gather and analyze financial data, including spreadsheet data, and may also interview and observe business processes.
- Identifying issuesAuditors look for problems and areas of concern, such as processes that aren’t working properly or deficiencies in the auditing process.
Job Description
Execute audits across environments and internal controls to ensure client centric risk management.
Qualifications
Minimum Qualifications
Type of Qualification: First Degree
Field of Study: Bachelor’s degree in Finance, Accounting or Business Administration
Experience Required
Internal Audit
Internal Audit
1-2 years
Working with data. Analysing, interpreting data and understanding IT controls.
3-4 years
General business and or audit experience.
Additional Information
Behavioral Competencies:
- Adopting Practical Approaches
- Articulating Information
- Checking Details
- Developing Expertise
- Documenting Facts
- Examining Information
- Interacting with People
- Interpreting Data
- Meeting Timescales
- Producing Output
- Team Working
- Upholding Standards
Technical Competencies:
- Audit Project Management
- Audit Report Writing
- Internal Audit Data Analysis
- Internal Audit Technology Application
- Internal Auditing
- Maintain Internal Audit Professional Practices
- Making recommendationsAuditors advise on changes to be made and ways to increase compliance and efficiency. They may also install or advise on systems for recording financial data.
- Preparing reportsAuditors prepare reports, commentaries, and financial statements, and present their findings and recommendations to managerial staff
