Job profile: To lead the Clients Internal Audit (IA) function to review the adequacy and effectiveness of control, governance and risk management systems and procedures to ensure management policies are being complied with, assets safeguarded, information is maintained in a secure and accurate manner and legal requirements are complied with. DUTIES AND RESPONSIBILITIES: Internal Audit: Provides thought leadership in Internal Audit, Governance, Risk Management and Internal Control and set the Internal Audit vision and delivering of Internal Audit strategy for the Clients Internal Audit department. Effectively leads and manages the Internal Audit unit and ensures it adds value to the organisation. Develops a risk-based three year and annual audit plan to determine the priorities of the Internal Audit Unit, consistent with the Clients objectives. Assumes accountability for the completion of the approved annual audit plan as well as ad hoc requests. Develops an IA strategy. Confirms the organizational independence of the Internal Audit department to the audit committee. Communicates the Internal Audit activitys plans, resource requirements, significant interim changes (and impact of resource limitations) to senior management and the Audit Committee. Ensures Internal Audit resources are appropriate, sufficient, and effectively deployed to achieve the approved plan. Establishes policies and procedures to guide the Internal Audit activity. Develops, and annually reviews the internal audit methodologies. Reports periodically to senior management and the Audit Committee on the Internal Audit activities including purpose, authority, responsibility, and performance relative to its plan and on its conformance with the Code of Ethics and Standards (reporting to include significant risk and control issues, fraud risk, governance issues and other matters which require the attention of senior management and/or the Board). Shares information, coordinates activities and considers relying upon the work of other internal and external assurance and consulting service providers to ensure proper coverage and minimize duplication of efforts. Develops and maintains a quality assurance and improvement program that covers all aspects of the Internal Audit activity (includes obtaining and maintaining a “general conformance” rating). Reviews the Internal Audit Charter that reflects the scope, responsibility and authority. Ensures that initiatives or recommendations received by the Audit Committee are timeously implemented. Governance: Monitors the operation of controls and procedures applicable to the Internal Audit department to ensure the integrity of the Client. Identifies and monitors risks affecting the Internal Audit department through the development and maintenance of a risk register. Stakeholder Management: Works collaboratively with stakeholders by establishing and maintaining effective working relationships. Represents the Client in meetings with stakeholders. Solves problems creatively whilst demonstrating a high level of integrity in line with the Clients core values. Provides advice and guidance to Management on internal stakeholder related matters. Manages relationships in accordance with policies and procedures and legal requirements. Endeavours to resolve any disputes with Management throughout the audit process. People Management: Monitors and measures performance quarterly by conducting employee appraisals. Identifies areas of development and draws up action plans to address poor performance. Ensures ongoing training and development of employees. Addresses employee relations matters fairly and promptly. Sets performance objectives for team by cascading of corporate initiatives into individual performance contracts. Ensures that all employees have signed performance agreements. Financial Management: Contributes to the budget preparation process. Ensures the effective, efficient, economical, and transparent use of financial and other resources. Monitors expenditure against budget and ensures spending occurs within budgetary limits. Explores opportunities to reduce costs. COMPETENCIES: Strategic planning Management and supervision Time management Teamwork Interpersonal relations and skills Decision making Creativity / innovation Conflict management Adaptability / flexibility REQUIREMENTS: Qualifications: Bachelors Degree / B Tech in Internal Auditing or equivalent (NQF 7). Post Graduate Degree in Internal Auditing or equivalent (NQF 8) will be an added advantage. Certified Internal Auditor (CIA) will be an added advantage. Experience: A minimum of 10 years relevant work experience in Internal Audit or related fields, of which 5 years should be at Senior Management level and within a manufacturing environment Steel Industry an advantage. Additional Requirements: Code B Drivers License Membership of the Institute of Internal Auditors of South Africa.
