A large financial Service Company based in Johannesburg seeks a Wealth Internal Audit Manager with:

 Minimum Requirements

• BComm or BCompt degree or Internal Audit Diploma CISA, CISSP, CISSM
• BComm Honours, CA (SA) or Post Graduate Diploma e.g. HDipTax
• Certified Internal Auditor (CIA) or Certified Information Systems Auditor (CISA) or Certified Financial Services Auditor (CFSA)Info Sec and Audit experience/ ACCA
• Internal Audit experience or External Audit in Wealth ( Financial Service) or Banking environment
• 4 years IA experience
• 2 years Wealth, Insurance and/or Banking experience in a Risk / Audit role.
• Managed a team for a minimum of two years.
• Experience engaging with all levels of Management.

Role Purpose:

To manage and lead a team of professionals to deliver the annual audit plan thereby providing reasonable assurance to stakeholders that key risks are being mitigated through adequate and effective management controls in accordance with Internal Audit methodology.

Responsibilities:

• Build rapport and understand client current business reality, requirements, risks and expectations and consider key and/or emerging risks in annual audit plan by engaging with stakeholders through face-to-face, electronic and telephonic interactions.
• Make stakeholders aware of Audit best practices, methodology and audit issues policy by conducting pre-engagement meetings and attending relevant forums. Ensure client needs met and satisfied by initiating end of audit questionnaire and 360-degree feedback and by selecting appropriate stakeholders for feedback on the value adds of audit is obtained and analysed.
• Ensure inefficiencies and duplication of efforts is limited and minimise disruption to stakeholders by sharing information and knowledge across teams within INTERNAL AUDIT during formal and informal meetings.
• Build trusting relationships and improve credibility and quality of audit outputs and achieve team objectives through engaging with staff, peers and other departments through face-to-face, electronic and telephonic interactions.
• Manage and meet client expectations by engaging with stakeholders on the communication of audit deliverables, team timelines, and audit progress and by attending opening, progress and closing meetings.
• Identify and consider internal and external factors through research, stakeholder engagement and knowledge sharing, to develop and update annual risk based audit plan with clear levels of accountability.
• Initiate audit project by delegating and assigning audit responsibilities to ensure audit projects are delivered and milestones are tracked and corrective action taken.
• Extract audit assignment information and attend key meetings/forums with stakeholders to provide audit feedback on outstanding audit issues, progress to audit plan and/or emerging risk trends, as well as ensuring that audit services are delivered to requirements.
• Monitor progress of projects through attendance of progress meetings, reviews of audit files and audit-related documents at various stages of audits to ensure that INTERNAL AUDIT methodology is adhered to, conclusions are reflective of audit work performed, relevant review notes are addressed and appropriate corrective action is taken.
• Track the implementation of management actions on issues raised by engaging with various risk officers, to ensure that issues assurance is planned in accordance with INTERNAL AUDIT methodology, in order to report whether unmitigated risks are addressed.
• Review the quality, relevance and commerciality of assignment audit reports, through assessing the results of audit work performed to ensure that the report reflects a balanced view of the control environment.
• Conduct debrief meetings with audit teams to identify areas of strengths and for improvement of audits performed so that lessons learned are carried forward to
• Ensure that billable hours, budgets and resources are optimally planned and quality audits are delivered by providing input into the annual audit plan on trend analysis of previous audits.
• Deliver projects cost effectively and monitor the productivity of resources by managing the billable hours through reviewing timesheets and analysing dashboards.
• Meet financial targets and manage expenses of self and team through review of General Ledger reports or information provided.
• Ensure improved productivity and the delivery of projects within agreed timelines by tracking efficiency of project milestones and by reviewing progress status on management information on SharePoint. Determine audit hours required to execute audit plan by comparing the required/budgeted hours to available capacity to ensure adequate resource allocation is made.
• Conduct a quarterly review (3 + 9 plan) of the audit plan by verifying with stakeholders and conducting research to ensure relevant risk coverage in audit plan and obtain sign-off from stakeholders.
• Monitor progress of end-to-end audit assignment by managing resources and guiding teams allocated per assignment and take corrective action where required to ensure delivery of annual plans and to optimise value.
• Ensure the proactive management of the end-to-end issues assurance process through monitoring and reporting the execution of the end-to-end process to verify that agreed management actions are implemented and followed up.
• Ensure accuracy of management information by verifying accuracy and completeness captured onto issues tracking system to facilitate accurate reporting to stakeholders.
• Manage performance of staff by implementing performance agreements, ensuring a clear vision, agreeing on goals and objectives, providing regular feedback on performance, recognising and rewarding achievement and take appropriate corrective action where required.
• Mentor and coach staff on identified performance gaps as identified through performance feedback discussions and task appraisal in order to eliminate gaps and improve performance.
• Tailor team development needs, as identified during engagements and meetings with staff, to ensure that staff stays abreast in field of expertise and deliver on the expectations from stakeholders.
• Create an environment of teamwork by engaging with staff formally and informally, keeping staff informed and encouraging participation in decision making processes to motivate staff to perform and contribute to the success of Internal Audit.
• Build capability of self and staff by identifying current and future training and development needs and managing talent to ensure an environment for optimal performance is created.
• Identify talent pool through conducting career conversations and utilising the talent grid principles and develop talent retention programmes (eg. rotation) to maintain a capable high performing team.
• Ensure self and staffs understands and embrace the Company Vision and Values by leading by example and re-in forcing values continuously to achieve goals and objectives.
• Build an effective team by recruiting and selecting staff through matching the skills and competencies to the requirements of the job.
• Manage performance of staff by implementing performance agreements, ensuring a clear vision, agreeing on goals and objectives, providing regular feedback on performance, recognising and rewarding achievement and taking appropriate corrective action where required.
• Improve staff performance by mentoring and coaching staff on identified performance gaps and through performance feedback discussions and task appraisals.
• Ensure that staff stays abreast in field of expertise and deliver on the expectations from stakeholders by tailoring team development needs identified through engagements and meetings with staff.
• Create an environment of teamwork by engaging with staff formally and informally, keeping staff informed and encouraging participation in decision- making processes and through motivating staff to perform and contribute to the success of Internal Audit.
• Ensure an environment for optimal performance is created and build capability of self and staff by identifying current and future training and development needs and managing talent.
• Maintain a capable high performing team by identifying a talent pool through conducting career conversations and utilising the talent grid principles, and developing talent retention programmes (e.g. rotation).
• Ensure self and staff understand and embrace the Company Vision and Values by leading by example and re-enforcing values continuously to achieve goals and
• Ensure transformational target are met for own team through consideration of targets during the staff recruitment, retention and training process and utilising suppliers listed on the preferred supplier list.
• Contribute to a culture conducive to the achievement of transformation and operational goals by participating and encouraging team participation in Company Culture building initiatives (e.g. Surveys).
• Address team issues raised in culture surveys and improve results by participating in the development and implementation of action plans.
• Deliver world class service through others by creating a client service culture through various required interventions.
• Support and encourage staff to participate and support corporate responsibility initiatives for the achievement of business strategy (e.g. Green Strategy).
• Achieve operational excellence and support the implementation of business optimisation improvement in INTERNAL AUDIT through team engagement.
• Identify areas of non-compliance with laws, regulations, and guidelines through managing audits.
• Ensure compliance with laws, regulations, and guidelines and improve control culture by providing timely guidance and feedback through audit reports issued.

Professional Knowledge:

• Internal Audit Methodology (policy and procedures) – advanced Accounting Standards – intermediate
• Code of Ethics and International standards for the professional practice of Internal Auditing – advanced Banking Knowledge (Private Banking) – intermediate
• Wealth Management Knowledge (Asset Management, Trust/Fudiciary, Stockbroking, Financial Planning and Insurance) – intermediate
• Governance, Risk and Controls – advanced Relevant Regulatory Knowledge – advanced
• Risk Management Process and Frameworks – advanced Company Human Resources policies and practices – intermediate Company systems – intermediate
• Company coaching framework including coaching for growth- intermediate Change management – basicBusiness writing skills – advanced
• Institute of Internal Audit Standards – advanced Negotiation techniques – intermediate Budgeting – intermediate
• Principles of project management – intermediate Relevant Company product knowledge – intermediate Strategic planning – basic
• Financial accounting principles- basic
• Performance management and evaluation methods- intermediate
• Company leadership pipelines, performance standards and performance scorecards- basic Company vision and strategy – intermediate
• Company culture – intermediate
• Company policies and procedures- intermediate

For more information please contact Bella 011 234 7679, alternatively email your updated CV to Bella@esmartgroup.co.za

If you do not receive a response within 2 weeks please consider your application declined.

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