Derek J.
Senior Financial Services Internal Audit Consultant
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About
Derek M. is a seasoned financial services professional with over 25 years of experience specializing in internal audit, treasury operations, and risk management within banking and financial institutions. His extensive career includes roles such as Senior Internal Audit Specialist at African Bank and Internal Audit Manager at the South African Post Office/Postbank, where he honed his skills in governance assurance, audit execution, and operational improvements across complex financial settings. Derek has managed treasury functions at organizations like Nedbank and HSBC, where he was responsible for derivatives processing and SWIFT payments. His tenure at these institutions enabled him to master capital markets, money market transactions, and regulatory compliance. Additionally, Derek has contributed significantly to financial training and development, having lectured on investment and wealth management at the Academy of Financial Markets and facilitated training modules on risk management, ethics, and financial regulations. His commitment to strategic analysis and stakeholder engagement underscores his ability to enhance organizational performance and governance. Derek's educational background includes an Advanced Diploma in Treasury Management & Trade Finance from Damelin School of Banking.
Experience
Senior Internal Audit Specialist
African Bank · 2022 — 2025Evaluated data and provided assurance related to the company's business strategy. Collected and analyzed information to identify risks needing response and issued reports to relevant departments. Conducted research on specific issues impacting the business and proposed interventions to address emerging risks. Ensured access assurance to dashboards and systems, maintained business continuity knowledge, and fostered stakeholder relationships. Audit coverage included ICAAP, Pillar 3 disclosures, Recovery plan, Treasury operations, and many others.Audit Consultant
Adept Advisory · 2019 — 2022Carried out consulting engagements with significant clients like Bidvest, Standard Bank, MTN, and PSG. Focused on trade flow processes, exchange control, and conducted quality assurance reviews along with audit issue validation.Internal Audit Manager
South African Post Office / Postbank · 2012 — 2017Executed the complete audit function from planning through to reporting, which involved risk and control matrix, audit program, and follow-ups. Served as a consultant for business and supported the senior manager with the three-year audit plan. Engaged in research and participated in quality assurance reviews as a member of the Technical Committee. Provided audit coverage across various domains including Treasury Management and Asset and Liability functions.Lecturer & Assessor
Academy of Financial Markets · 2009 — 2011Delivered training in financial markets and developed modules covering Risk Management, Ethics, and Financial Regulations. Conducted assessments, moderated scripts, and managed the company website while supporting Bankseta audits.Senior Treasury Auditor
Nedbank · 2007 — 2009Engaged in audit planning, assessing risk and control matrices, and documented management sign-off letters. Organized client meetings and conducted adequacy of controls testing during audit fieldwork. Authored audit findings and reports covering Treasury Management, Asset & Liability Management, and various internal controls.Senior Staff Officer
HSBC · 2006 — 2006Handled money market, foreign exchange, and derivatives ensuring settlements, confirmations, cash flow management, reconciliations, rate updates, and interest payments.Treasury Accountant
Sud Chemie · 2006 — PresentOversaw the Forward exchange contract department, supervised staff, and performed revaluation of contracts, including mark-to-market evaluations for both exports and imports.Derivatives Supervisor
Calyon Investment Bank · 2004 — 2006Supervised the derivatives operations team, managed deal administration and reporting, and processed swaps, forward rate agreements, and options while handling settlements and confirmations.Settlements & Confirmation Officer
Trans-Caledon Tunnel Authority · 2001 — 2004Managed back-office treasury operations involving the settlement of transactions in money market, capital market, and derivatives. Monitored financial asset balances, managed counterparty exposure, and prepared treasury cash flow reports and maturity ladders.Foreign Exchange Specialist
First National Bank · 1997 — 2001Oversaw corporate foreign exchange administration, ensured SWIFT payment checks and exchange control compliance, managed guarantees, letters of credit, and supervised staff while maintaining strong client relationships.Treasury Specialist
Nedbank · 1995 — 1997Specialized in foreign cash management, administration of foreign loans, and processing of derivatives. Managed SWIFT payments and confirmations, performed Nostro account reconciliations, and facilitated settlements and deal processing.
Skills & Expertise
Education
- Advanced Diploma – Treasury Management & Trade FinanceDamelin School of Banking
- Diploma – Treasury Management & Trade FinanceDamelin School of Banking
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