Purpose of the job Provides strategic direction, manage and execute the Internal Audit activity, coordinate specific processes to support the implementation and execution of the Internal Audit Plan, conducting, compiling and presenting internal audit reviews, monitoring compliance, preparing and presenting audit findings and recommendations, and providing assurance of compliance with statutory requirements, policies and procedures in line with the Institute of Internal Auditors Standards and the organizations policies and procedures. The role requires specific attention to operational and financial control reviews. Responsibilities/ Work attributes Establish, manage, maintain and promote the standing and image of the Internal Audit Department; Designing the annual internal audit plan, considering regulatory requirements and risks associated with operations in South Africa; Ensure execution of the planned audits, including ensuring the IA Team is adequately resourced; Share knowledge on how to audit in a business environment where there are no detailed step by step policies and procedures; Timeously communicate the results of the Internal Audit engagements to the relevant stakeholders, management and senior executives providing recommendations to mitigate/ address risks while adding value; Manage and review the Internal Audit engagement outcomes and general IA Team Progress; Manage the Internal Audit team to ensure audit plan is met in an effective manner; Review the Internal Audit Reports in respect of the Internal Audit engagements performed; Understand how to identify fraud red flags or fraud indicators; Jointly assess management remediation plans in respect of findings identified, and monitor implementation progress thereof; Train, coach, develop and mentor Internal Audit and IT Audit staff members; Preparation of the quarterly Audit Committee pack, including the Internal Audit Report within the pack for the purposes of the Audit Committee meetings; Coordinate the activities of Internal Audit with those of other third-party assurance providers to establish combined assurance; Proactively seeking ways to make the best use of data as part of our audit process, including our understanding of risks, test controls, and provide relevant insights into the business; Ensure continuous professional development (CPD) and updating of technical knowledge of IA Team to ensure continued competence; Attending Board Meetings and maintaining the internal audit risk assessment process and related audit plans, interacting with senior management and staff to obtain an understanding of relevant risks, controls, and processes; Conduct research on developments in corporate governance, risk management and internal audit and educate and support management on the new developments; Advising on the identification of relevant regulatory requirements for incorporation as part of the audit scope; Assist management with ad-hoc tasks and requests; Administer the Ethics hotline to ensure proper investigation, feedback and reporting of whistleblower calls. Knowledge and Skills Knowledge of King III and King IV Code of Corporate Governance; Extensive audit experience on risk assessment, process and control review, implementation, and advice; Office 365; and the aptitude to work and interrogate various other application systems; Understanding and knowledge of Internal Financial Reporting Standards; Understanding and knowledge of International Standards of Auditing; Understanding and knowledge of COSO/ Internal Audit Standards/ CSA; Detailed understanding key operational and financial controls; Ability to perform business process reengineering; The ability to work independently while managing concurrent deadlines and multiple priorities; and Solid critical thinking and problem-solving skills. Experience Exposure to and experience in a variety of business types/ sectors, such as services, manufacturing, industrial etc. Exposure to different aspects of the business environment risk, control and improvement focus; It would be preferable for the candidate to have at least 10 years relevant audit management experience in heading up an Internal Audit Function. Education or qualifications BCom degree in Accounting; and BCom Honours degree in Accounting or Internal Auditing; and Qualified Chartered Accountant (CA) with completed articles; or Qualified Certified Internal Auditor (CIA) with completed traineeship. Certified Information Systems Auditor (CISA) would be an added advantage. You need to have a drivers license, and own reliable transport to travel to and from audit supervising locations. Should you not receive a response from us within one week of your application, your application has unfortunately not been successful.
