David Chansa

David Chansa

Senior Lecturer

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  • Timeline

  • About me

    Chief Risk Officer at Stanbic Bank

  • Education

    • Institute of Internal Auditors (IIA)

      2007 - 2007
      Certified Internal Auditor (CIA)

      Internal Auditing

    • Association of Chartered Certified Accountants (ACCA)

      1998 - 2002
      Fellow Chartered Certified Accountant (FCCA) Accounting
    • Chartered Institute of Management Accountants (CIMA) - UK

      1993 - 1996
      Associate Chartered Management Accountant (ACMA)
    • University of Zambia

      1983 - 1988
      BSc (Agric) Agricultural Economics

      BSc Agricultural Sciences, majoring in Economics

  • Experience

    • Nelson Mandela Metropolitan University

      Feb 2000 - Jun 2003
      Senior Lecturer

      Joined the University as Lecturer but promoted to Senior Lecturer Jan 2003. Responsibilities included:• Course leader, third year Management Accounting for Bachelor of Commerce students. Very highly regarded academic.• Lecturing, research, setting and marking of tests and examinations.

    • Standard Bank

      Jun 2003 - Mar 2012

      Standard Bank Group is the largest bank by assets in South Africa, with operations in 18 African countries and 38 countries worldwide, and primary listing at the Johannesburg Securities Exchange (JSE). The bank specializes in offering financial services both in areas of Corporate and Investment banking as well as Personal and business banking.Responsibilities include:• Accountable for the audit coverage required to provide assurance on key risks in Global HR Audit. This includes leading and coordinating teams from different disciplines executing audit and related assignments, managing the associated resources• Continually monitoring the internal and external environment for changes in risk profile and recommending changes to ensure the required level of assurance over key risks• Evaluating the performance of their designated audit team as well as staff undertaking audit activities within HR Audit• Providing technical support, including audit database management, to all audit teams within Group Internal Audit• Overseeing the running of the Quants and Graduate Trainee programmes and Co-ordinating the activities of the Global Mobility audit resources Show less • Provide annually an assessment on the adequacy and effectiveness of Standard Bank Africa processes for controlling its activities, managing its risk and ensuring good governance.• Verify the adequacy and effectiveness of risk management, control and governance processes within Standard Bank Africa.• Report significant issues related to the governance and operational processes of entities within Standard Bank Africa including potential improvements to these processes and the provision of information concerning the resolution of such issues.• Coordinate with and provide oversight of other control and monitoring functions within Standard Bank Africa. Show less • Preparation of audit plans, regular appraisal of key risks and adjustment of audit plans where necessary, for the banks in countries within my portfolio - Kenya, Uganda, Tanzania, DRC, Mauritius. Previously managed other countries, including Namibia, Botswana, Zimbabwe and Lesotho.• Review of audit files and reports to ensure adequate coverage of plan and provide assurance that key risks are adequately managed.• Developing and maintaining good relationships with key audit clients - Regional Managing Directors, country Managing Directors and country EXCO members, and other key stakeholders – regulatory authorities and external auditors.• Preparation of audit packs for presentation to Board Audit committees and attending Board Audit Committee meetings, representing Group Internal Audit, for the countries in my portfolio.Helped Reengineer the traditional internal audit function to a modern risk based audit function where service delivery has been aligned to the Bank’s key business strategies and risk framework.Previously worked as Audit Manager within the Corporate and Investment Banking audit team of Standard Bank (Jan 2004 – May 2005) with key audit responsibilities of operational risk. Also worked as Audit Manager in Credit Risk section of Retail Banking audit team of the bank (July 2003 – Dec 2003). Show less

      • Head, Global HR Audit & Strategic Support

        Feb 2011 - Mar 2012
      • Head, Standard Bank Africa Audit

        Feb 2010 - Jan 2011
      • Regional Audit Manager

        Jun 2003 - Jan 2010
    • Standard Bank Group

      Jul 2014 - Nov 2015

      Responsibilities & Key performance areas: To formulate and drive the implementation and execution of appropriate risk policies and processes to meet the requirements of all key stakeholders, including Business Area executives, PBB(SA) Risk Management, Central Risk Management, Central Compliance and Legal Risk, by:• Proactively assisting Business Area management by identifying , measuring and recommending controls that mitigate against applicable risks for PBB(SA) Business Area, e.g. appropriate risk assessments;• Prioritising risks, e.g. integration of risk and business strategies;• Providing assurance on the adequacy and effectiveness of controls by implementing an appropriate monitoring programme to be executed by Risk Assurance on a risk profile of the Business Area basis and subsequent reporting;• Providing independent oversight to PBB(SA) Business Area in respect of risk management practices. Show less •Providing risk governance, conformance and change management (including board reporting);o Implementing an effective governance framework - ensuring no breaches of Group Standards and Policies, including Regulatory requirements.o Working with management to solve risk-related challenges and supporting strategy formulation and business planning with valuable risk information.o Providing effective risk management support to business on significant business change initiatives and new product roll-out.o Demonstrating the contribution of Risk to the Business objectives (ensuring Risk is not viewed as a cost with little benefit).o Developing an efficient portfolio and loss management process• Monitoring and Embedding Risk Appetiteo Aggregating information to identify operational control weaknesses and driving improved effectiveness of the operational business and control environment;o Embedding accountability for losses and control breakdownso Embedding stress testing, recovery and resolution frameworks in the country to ensure adequate risk management capacity in stress scenarios• Coordinating with assurance providers to provide an opinion on the control environment; Show less

      • Senior Manager, Business Lending Operational Risk

        Apr 2012 - Nov 2015
      • Acting Chief Risk Officer, Standard Bank Mozambique

        Jul 2014 - Feb 2015
    • FNB Zambia Limited

      Dec 2015 - Jun 2018
      Chief Risk Officer
    • Stanbic Bank

      Jun 2018 - now
      Chief Risk Officer
  • Licenses & Certifications