Chief Audit Executive - 5 Year FTC

Recruiter:

Six Sense Consulting

Job Ref:

JHB001006/AK

Date posted:

Sunday, August 21, 2022

Location:

Johannesburg, South Africa

Salary:

Market Related Annually

JOB SUMMARY:
The Housing Development Agency (HDA) is a National Public sector development agency that inter alia has the mandate to identify, acquire, prepare and develop suitable land for human settlements. The agency also undertakes the programme and project management for development of housing and human settlements. The HDA carries out its functions in partnership with a range of stakeholders including national, provincial and local government and municipalities, as well as with communities, developers and financiers.
Established in 2009, the Agency was established by an Act of Parliament in 2008 and is accountable through its Board to the Minister of Human Settlements. For more information about the HDA, please visit our website: www.thehda.co.za. Follow us on Twitter @The_HDA and on Facebook: TheHDA.

Main Purpose of Job

To provide strategic direction and manage the development and implementation of the Audit Management framework. To monitor compliance with statutory requirements, policies and procedures in line with IIA Standards and the HDA’s policies and procedures.

JOB DESCRIPTION:

Qualifications & Experience

A degree in Auditing, Finance Management or similar is required as recognised by SAQA
A Certification as a Certified Internal Auditor (CIA)
MBA or CA (SA) will be an added advantage At least 10 Audit management experience including at least 5 years in a senior management level obtained within Governance, Risk or Audit Management
Knowledge of legislative and regulatory framework
Knowledge of Public Finance and Management Act (PFMA), Treasury regulations and guidelines
Knowledge of National Treasury Internal Audit Framework
Knowledge and understanding of internal audit principles and practices
Knowledge of King Report (ii and iii) on Corporate Governance
Travel is required

Key Responsibility Areas:

Strategic Management

Develop and maintain Internal audit policies and procedures in compliance with relevant legislation and standards
Develop and implement a strategic and operational audit plan framework
Develop an engagement plan in line with IIA standards and the HDA’s Internal Audit policies
Participate in the strategic planning of the HDA
Contribute to the overall effective functioning of the HDA
Develop a plan to operationalise the unit’s strategic performance targets

Internal Audit

Develop and maintain the internal audit charter
Consider input from Board and Management and develop an internal audit plan
Liaise with and manage the internal audit resources in line with the audit plan
Develop audit tools and frameworks, check alignment with good practice and implement within the HDA
Track and report on internal and external audit progress and findings
Conduct priority / sensitive internal audits and make recommendations for corrective action
Analyse internal and external audit findings to address audit trends and patterns
Collate information to prepare and submit Board Audit Committee report

Audit and Risk Committee management and Reporting

Develop an Internal Audit Annual Performance Plan and reports on progress to the Audit Committee
Initiate the updating of the findings register and present to the Audit Committee
Manage and review the internal and external audit engagement outcome in respect of; objectives, quality, completeness and feedback, in accordance with Internal Audit standards, policies and procedures
Ensure the final audit report is timeously completed, signed-off and submitted to key stakeholders
Ensure that the audit process is comprehensively evaluated in order to produce quarterly reports internal audit reports to Audit Committee and stakeholders
Prepare the quarterly dashboards reports to the Audit and Risk Committee, AGSA
Draft risk reports for presentation and adoption by the Risk and Audit Committee, EXCO
Attend the Risk and Audit committee meetings, provide inputs on the improvements of controls and risks mitigations within the organization
Report on the performance / achievements of risk and compliance management
Report on progress towards implementation of audit finding recommendations

Audit Committee Support

Coordinate the activities of the Audit Committee and perform secretariat function
Produce reports on the annual IA Plan, amendments, significant findings and recommendations
Report on internal audit activities and ensure the effective coordination thereof
Coordinate the audit activities of other assurance providers through the agreement of a time bound combined assurance model, including; internal and external audit, risk management, forensics and compliance functions
Collate information to prepare and submit Board Audit Committee report

Compliance Management

Develop and implement a quality assurance and improvement programme
Ensure that the implementation of the quality assurance and improvement programme is rolled out in line with internal audit standards
Manage implementation of work within established policies, systems, procedures, processes and practices
Provide advice and assistance to others in order to ensure their compliance with policy and governance procedures
Identify areas of non-compliance and implement corrective action
Develop the compliance management framework and conduct audits on compliance
Develop, monitor and maintain compliance registers
Develop and implement compliance management procedures and monitoring mechanisms
Manage implementation of work within established policies, systems, procedures, processes and practices
Identify areas of non-compliance and implement corrective action
Train staff on compliance matters
Ensure efficiency and economy of operations and avoidance of fruitless and wasteful expenditure, within the organisation
Provide advice and assistance to others in order to ensure their compliance with policy and governance procedures

Governance and Administration

Ensure good governance and compliance with risk and audit matters, as well as legislative requirements.
Review annual audit management letter and internal audit reports and act on any findings
Identify and train all personnel on Risk Management and related policies and plans:
Assistance with Review and Redress of Hotline Complaints
Prevention of Fraud and Corruption
Monitor the policy developments and requirements from the Sector, Auditor General and National Treasury that govern Risk Management policies and procedures to ensure that they are up-to-date and efficient

Risk Management and Internal Controls

Manage good governance and compliance within the HDA Risk Management policy and procedures
Responsible for the identification, implementation, evaluation, measurement and management of the HDA strategic and operational risk management profile
Develop the strategic and operational risk assessment on business unit operations for the organisation
Ensure regular monitoring on the implementation of mitigation measures and implementation of action plans derived from audit finding recommendations and other reports
Assist the organization with monitoring and rollout of fraud prevention mechanisms
Provide continuous support to Business Units on risk and internal control related matters
Promote and institutionalize risk awareness culture and compliance in the organisation
Coordinate the implementation of audit finding recommendations to mitigate identified risks as per respective department’s risk register.
Implement risk management business continuity in the organisation
Develop the fraud risk register that includes mitigation measures

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