A large financial Service Company based in Johannesburg seeks a Digital Internal Audit Executive with:

Minimum Requirements

• BComm or BCompt Degree
• 15 years financial services experience in a senior position.
• Banking experience, inclusive of client facing experience.
• Strategy formulation experience.
• Ability to operate at an Executive and Senior level
• Leadership experience leading teams

Role Purpose:

The purpose of INTERNAL AUDIT is to provide independent, objective assurance to the Company Group Limited Board of Directors via the Audit committee that the governance processes, management of risk and systems of internal control are adequate and effective to mitigate the risks (in line with INTERNAL AUDIT Internal Audit Methodology), both current and emerging, that threaten the achievement of the Group’s strategy and key objectives, and in so doing help improve the internal control and risk culture of the Group.

Responsibilities:

• Provide periodic assessments of the outcomes of internal audit work to appropriate governing bodies, including the GAC and Board Risk Committee;
• Report on the overall effectiveness of the governance, risk and internal control framework of the Group;
• Comply with regulatory and corporate governance expectations of internal audit functions;
• Report significant issues related to the processes for controlling the activities of the Group, including potential improvements to those processes;
• Report periodically on the measurable performance of INTERNAL AUDIT, including audit plan delivery and financial performance;
• Maintain and report on whether INTERNAL AUDIT has sufficient professional audit staff with knowledge, skills, experience and professional qualifications to meet the requirements of the INTERNAL AUDIT Charter and audit plan;
• Have in place a robust process to follow-up management’s agreed actions to address issues raised by INTERNAL AUDIT;
• Ensure that INTERNAL AUDIT is subject to an independent and objective external assessment at appropriate intervals, not exceeding five years;
• Accountable for the delivery and measurable performance of INTERNAL AUDIT, including audit plan delivery against financial targets;
• Apply judgement to provide an overall audit opinion on the system of internal financial controls of the Group;

• Provide insights from the outcomes of internal audit work to appropriate governing bodies, including the GAC and Board Risk Committee;
• Maintain an open and constructive relationship as a Trusted Advisor with senior internal and external stakeholders including Institute of Internal Audit, SARB, External Audit and Business Executives.
• Liaise with the external auditors and other assurance providers to minimise any duplication of effort and thereby optimise the cost of audit coverage to the Group;
• Design and implement effective and efficient audit processes to ensure that audit processes are optimized and comply with regulatory and corporate governance expectations of internal audit functions.
• Develop and Maintain relationships with senior business executives and stakeholders in order to ensure robustness and completeness of audit coverage and contribute at an insight generator/trusted advisor to business to enhance assurance provided of the control environment;
• Develop a 12 month rolling audit plan using a risk-based methodology, taking into consideration specific business strategic focus areas, regulatory requirements pertaining to internal audit, as well as including any risks or control concerns identified by management, the GAC and the Board;
• Submit the 12 month rolling audit plan to the GAC for review and approval prior to the commencement of a calendar year;
• Deliver and report on the rolling risk-based plan;
• Keep the GAC informed of emerging trends, new developments and successful practices in internal auditing;
• Allocate audit resources in accordance with the risk profile for the responsible clusters and ensure the effective and efficient use of these resources in accordance with approved budgets;
• Have a robust process in place to follow-up and report on management’s progress in implementing agreed actions to address issues identified by INTERNAL AUDIT;
• Maintain an open and constructive relationship with Managing Executives, COOs and CROs for the respective Clusters, in addition manage relationships with regulators, external audit, the GAC and management across the group as it relates to the Customer Audit portfolio, and which supports providing value-add services and the sharing of information.
• Design and implement the vision and strategy including the leadership and culture philosophy, stakeholder approach and internal methods and tools. This should include alignment to the Companyand Business Unit strategy.
• Exhibit diverse, visionary and inspirational leadership – actively promoting a globally competitive financial sector
• Actively participate in the Group’s Combined Assurance Model.
• Build a high performance team through managing resources, retention and critical staff.
• Manage performance of reports and hold them accountable for managing the performance of their reports by taking corrective action as required, recognising and rewarding team.
• Actively build a culture of improvement by ensuring the design and implementing active talent management, succession planning strategies for division and obtaining buy-in from relevant stakeholders.
• Contribute to team effectiveness by participating in the recruitment and selection of senior staff.
• Optimise performance and motivation by holding managers accountable for developing their staff and themselves.
• Empower team to make decisions and recommend tailored solutions to business unit specific problems, through coaching and mentoring practices.
• Maintain and report on whether INTERNAL AUDIT has sufficient professional audit staff with knowledge, skills, experience and professional qualifications to meet the requirements of the INTERNAL AUDIT Charter and audit plan
• Facilitate engagement and information sharing sessions amongst peers. Synergies across clusters and business units achieved.
• Take ownership and accountability for tasks and activities and demonstrate effective self-management.
• Follow through to ensure that quality and productivity standards of own work and team are consistently and accurately maintained.
• Support and drive the business’s core values.
• Respond openly and constructively to feedback (positive and negative).
• Be a vision-led and values-driven leader
• Embodiment of the following characteristics:
  • Risk Optimiser
    • Understanding that risk is at the centre of everything in banking
    • Developing the appropriate risk appetite
    • Managing risk without stifling innovation
    • Being sensible about risk
  • Client Centric Advocate
    • Placing the client at the centre
    • Being relationship focussed (as opposed to product or mono-line focussed)
    • Collaborating with colleagues across organisational boundaries
  • Execution Expert
    • Having a bias for action
    • Focussing efforts on execution and implementation
    • Practicing decisive leadership
    • Simplifying things

• Strategist
  • Being a strategic thinker
  • Being a strategic translator
  • Being a strategic doer
  • Facilitating strategic dialogue

Professional Knowledge:

• Emotional Intelligence (EQ);

• Leadership and judgement;

• Strategic influence and visionary;

• Relationships and stakeholder management;

• Innovation and renewal (of INTERNAL AUDIT function);

• Business acumen;

• Reporting and communication;

• Cost effectiveness, productivity and value-add;

• Risk-based focus;

• Service excellence;

• People skills & managing staff, including large teams;

• Values-based (especially Integrity, Respect, Accountability, Client-driven, People-centred) and strong Ethics;

• Shift Organisational Paradigm;

• Build a High Performance Culture;

• Resilient Executive;

• Leading Change;

• Coaching and Development;

• Inspiring Excellence;

• Driving Execution; and

• Establishing Strategic Direction.

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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