Sandton: Internal audit lead (senior internal auditor) posted by Raizcorp

About the role
Raizcorp is seeking an experienced internal audit lead to strengthen governance, risk management, and internal controls across Raizcorp and its subsidiary companies. This role provides independent assurance and advisory insight that supports operational efficiency, compliance, and strategic decision-making.
The internal audit lead will oversee internal audit engagements, conduct risk-based assessments, evaluate potential subsidiary companies for investment suitability, and help drive a culture of accountability and continuous improvement.

Key responsibilities

A. Internal audit Raizcorp

Audit planning and strategy
Develop and maintain a risk-based annual audit plan aligned to organisational priorities
Define scopes, objectives, and resource requirements for all audit engagements
Adjust audit focus in response to emerging risks

Audit delivery
Lead end-to-end audits, including walkthroughs, control testing, data analytics, and risk evaluation
Assess the adequacy and effectiveness of internal controls across all business functions
Identify weaknesses, irregularities, inefficiencies, and opportunities for improvement

Reporting and engagement
Prepare clear, high-quality audit reports with actionable recommendations
Present audit results to management and support remediation planning
Build effective working relationships with business units to ensure audit readiness

Remediation and follow-up
Monitor implementation of corrective actions
Evaluate the sustainability and effectiveness of remediation efforts
Prepare follow-up reports for senior leadership

Governance, risk, and compliance
Ensure adherence to audit standards, internal policies, legislation, and ethical guidelines
Support initiatives to strengthen governance and compliance culture
Provide advisory input on risk mitigation, fraud prevention, and process improvement

b. Subsidiary companies due diligence and risk management

Due diligence and partner evaluation
Lead comprehensive due-diligence assessments of prospective partner companies, including financial health, governance, controls, and operational capacity
Evaluate alignment with Raizcorps standards and investment criteria

Risk management framework
Develop and implement frameworks for assessing and managing partner-company risks
Identify strategic, operational, financial, and compliance risks and recommend mitigation measures

Control and policy assessment
Review partner controls, it/security practices, financial processes, and operational policies
recommend enhancements to safeguard assets, ensure data integrity, and reduce compliance risk

Ongoing monitoring
Establish mechanisms for continuous monitoring of partner performance and risk exposure
Provide assurance that partners maintain required standards post-onboarding

Contract compliance and governance
Review contracts to ensure appropriate risk, compliance, and governance clauses
Assess governance structures and recommend improvements where needed

Reporting and strategic insights
Provide objective insights to support investment, integration, and disengagement decisions
Highlight emerging risks and trends impacting partner operations

The role’s key performance indicators include:
Completion of the annual audit plan within agreed timelines
Quality, clarity, and impact of audit reports
Percentage of audit findings resolved within target timeframes
Compliance levels across Raizcorp and partner companies
Stakeholder satisfaction and engagement effectiveness
Timeliness and quality of fraud-related investigations

Qualifications and experience
Bachelors degree in accounting, finance, auditing, or a related field
Professional certifications advantageous:
certified internal auditor (cia)
chartered accountant ca(sa)
46+ years experience in internal or external audit
Experience in due diligence or third-party risk assessments advantageous
Strong understanding of risk, control frameworks, and audit methodologies
Strong experience and command of systems (MS Office suite, accounting systems etc. essential)

Skills and competencies
Strong analytical and critical-thinking ability
Excellent communication and audit report-writing skills
High ethical standards and integrity
Ability to work independently and manage multiple priorities
Sound judgment and evidence-based decision-making
Strong interpersonal skills with the ability to engage senior stakeholders
Proficiency in audit software and Microsoft office