Job Purpose

• The successful candidate will be responsible for completing audits inside Discovery and providing feedback on the outcome.  The successful candidate must have a drive, sense of urgency and work flexibility.

Areas of responsibility may include but not limited to

• 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).
• Ensure sample sizes, applied within testing, are based on the sampling methodology.
• 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 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

• Honours degree or equivalent qualification (with Auditing / Risk Management / Governance / Accounting as major)
• Completed CA(SA) / CIA
• Experience in conducting financial, operational or IT audits.
• Experience in the Financial Services/Health Industry is advantageous
• Experience in internal financial controls (IFC) is advantageous
• 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