About the position
Internal audit falls part of group finance, they are responsible for compiling internal audits throughout the company. They audit, work processes systems, and task completed. They compile their findings and present it to the area head.
The successful candidate will report directly to the Head of Internal Audit. The successful candidate will be responsible for completing audits inside the company and providing feedback on the outcome. The successful candidate must have a drive, sense of urgency and work flexibility.
- Proficiency in the IIA International Professional Practices Framework (IPPF), Code of Ethics and Standards
- Assist in developing the Audit Universe, Annual Internal Audit plan and the three-year rolling plan.
- Facilitating knowledge and information sharing between GIA staff members and also with the other departments
- Monitor progress of audits against plan.
- Track progress /changes in business risks and align audit plan.
- High level day to day supervision of the internal audit teams
- Assist with staff development so as to increase competence and delivery of the department.
- Defining the purpose, scope and audit approach of each audit for assigned areas of audit coverage.
- Agree audit scope with client and provide final engagement letter to Senior Audit Management for approval and distribution.
- Ensuring that all risks are addressed for the specific audit engagements.
- Provide feedback to Senior Audit Management on the planning, execution and reporting of the audits.
- Review and sign-off of planning, working papers and reports, and where required raise review notes for the work performed by Senior Auditors / Auditors / Data Analysts (pertaining to Engagement Letters, APMs, system descriptions, walkthroughs, process flow diagrams, RACM, test procedures, working papers, reports and action plans).
- Address review notes raised by the Senior Audit Management.
- Monitoring of the quality of work performed by the audit team and taking corrective action (where applicable).
- Agree sample sizes with Senior Audit Management.
- Approve subsequent changes to test procedures.
- Provide training and supervision to audit team in order to ensure that that the required audit objectives are met, and that adequate practical coverage is achieved.
- Request feedback from management.
- Escalate cases where feedback is not received.
- Ultimately responsible for quality of audit files (Pentana Audit or other).
- Proactively take on additional tasks as requested by Senior Audit Management.
- Provide meaningful input and monitor the effective and timely implementation of management actions to address any control weaknesses identified through risk profiling, risk events and control self- assessment.
- Review draft report in entirety and ensure format of the report is in line with Audit Methodology
- Review management comments received and ensure that these management comments address observations raised.
- Review the executive summary which includes the overall report rating and overall management comment and enhance where necessary.
- Provide Senior Audit Management with the final draft for review.
- Monitor progress on audits and keep Senior Audit Management informed.
- Conduct a Quality Assurance review of audit files and finalise once comfortable.
- Perform monthly follow-ups on previously reported audit findings.
- Update follow up statistics in the agreed format.
- Attending Audit and Risk Committee meetings, as and when required.
- Reporting to:
- Audit Committees (where required)
- Business Risk Committees (where required)
- Company Exco’s (where required)
- Management (detailed audit reports)
- CAE (where applicable)
- Prepare appraisal forms for the Senior Internal Auditors/Internal Auditors for the applicable audits performed.
- Conduct a Quality Assurance review on applicable files and finalise once comfortable.
- Conduct peer Quality Assurance reviews and document results
- Manage the biannual incentive process for Internal Auditors and Senior Internal Auditors
- External audit – develop and manage the relationship with external audit as it pertains to the reliance on Audit work, data requirements and co-ordination of resources to deliver specific assurance for external audit.
Personal Attributes and Skills
- Leadership skills
- Attention to detail.
- Upholds ethics and values and demonstrates integrity.
- Takes initiative and works under own direction with the ability to make quick, clear choices which may include tough choices or considered risks.
- Shows respect for the views and contributions of others.
- Strong negotiating and influencing skills.
- Excellent communication skills. The candidate should speak fluently, have the ability to write in a well-structured and logical manner.
- Demonstrates an understanding of different organisational departments and functions.
Role Specific Competencies
- Proficiency in the IIA International Professional Practices Framework (IPPF), Code of Ethics and Standards
- Microsoft efficient
- Experience in the Financial sector
- Ability to draft reports.
- Compile presentations
- Present at committee meetings
- Analyse statistics
- Strong influence and negotiating skills.
Education and Experience
- Bachelor’s degree or equivalent qualification Honours / Masters (with Auditing / Risk Management / Governance / Accounting as major); CA (SA) / CIA/ CIMA / CFSA / CPA / CISA (one or more of the aforementioned is required)
- Registered Chattered Accountant
- Experience in conducting financial, operational or IT audits.
- Experience regarding the application and consideration of audit regulatory and compliance requirements – in the process of conducting audits.
- Reporting to Audit and/or Risk Committees.
- 2+ Years experience managing staff;
- 5+ Years audit related experience
Essential knowledge:
- Internal Controls
- Risk management framework (COSO)
- Corporate governance principles
- Legislative frameworks
- Regulatory and Compliance Requirements
- GAAP / IFRS (SAM advantageous)
- Computer literacy
Desired Skills:
- Auditing
- Compliance
- Finance
- Information Technology (IT)
- Operations
- Regulations
- Risk Management
