Chief Audit Executive

SUMMARY:
Our client is looking for a seasoned Chief Executive Auditor to join their fast growing Bank. This is an opportunity to utilise your past gained experience. Only candidates with Banking experience will be considered.

POSITION INFO:
Serves as the organisation’s Chief Audit Executive and as a standing invitee to executive management meetings. Performs advanced level professional internal auditing work as a key component of the corporate governance structure. Work involves directing a comprehensive audit program including performance, financial and compliance audit projects; providing consulting services to the organisation’s management and staff; provide direction to the development of the Annual Internal Audit Plan; and provide ongoing training, coaching, and supervision to Internal Audit staff. Maintains organisational and professional ethical standards. Works independently with initiative and independent judgment. Manages the Banks Internal Audit strategic, tactical and operational requirements. Provides an independent, objective assurance and consultancy function designed to add value, improve Postbank’s operations and accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. Develops the Charter, business strategies, objectives, policies, budgets and operating plans for the unit. Reports to the Audit Committee and administratively to the Managing Director.
Key Responsibilities:

• Formulate, develop and implement the Internal Audit Charter, strategic business plans, policies, operational procedures, strategies, delegation of authority, human capital and budgets in order to support business objectives
• Directs audit staff in the planning, organizing, directing and monitoring of Internal Audit operations, including assisting in hiring, training and evaluating staff; and taking corrective actions to address performance problems
• Identify key challenges facing the business and design appropriate best practice strategies and interventions to achieve business goals
• Investigate, evaluate and report on the effectiveness of internal control systems and contribute to their ongoing effectiveness by providing advice and support to management and the Audit Committee
• Support the work of the CRO in directing the identification and evaluation of the organisation’s risk areas and oversees the development of the annual Internal Audit Plan
• Directs the overall performance of audit procedures, including identifying and defining internal audit issues, developing criteria, reviewing and analyzing evidence, and documenting client processes and procedures.
• Directs the audit staff in conducting interviews, reviewing documents, developing and administering surveys, composing summary memos, and preparing working papers
• Directs the audit staff in the identification, development and documentation of audit issues and recommendations
• Promptly communicates the results of audit and consulting projects via written reports and oral presentations to management and the Board of Directors / Audit Committee in accordance with the annual IA plan.
• Develops and maintains productive client, staff, management, and Board relationships through individual contacts and group meetings
• Represents Internal Audit at management and Board meetings and with external organizations
• Leads key strategic alliance and partnerships
• Pursues professional development opportunities, including internal and external; training and professional association memberships, and shares information gained with co-workers
• Ensure the efficient management and control of function / resources in accordance with the stipulations of the Banks Act, PFMA, fraud prevention and risk management principles, legislation, Corporate Governance, company policies, processes, regulations, etc. This includes co-ordination with the organisation Group internal Audit function that relates to business critical areas of the organisation.
• Deploy Computer Aided Auditing Tools (CAATS) into the operations of the business to identify material misstatements and/or risks
• Verify that cybersecurity and other IT policies are adhered to and identify IT risks and threats to ensure these are mitigated, managed and reported on.
• Verify that the businesses’ Fraud Prevention Plan is being adhered to.
• Provide support to the External Auditors in the completion of the statutory annual audit
• Perform continual internal and external assessments of the Internal Audit function to improve its effectiveness and achieve reliance by the external auditors on the internal audit function

• Bachelor’s degree (NQF Level 7) from an accredited university
• Certification as a CA(SA) would be preferred
• At least 5 years of full-time experience in a retail banking environment preferably in a management capacity.

• Thorough understanding of banking practices and associated risk management thereof
• Proven track record in managing an internal audit department in a similar environment
• Considerable knowledge of the Standards for the Professional Practice of Internal Auditing and the Code of Ethics developed by the Institute of Internal Auditors (IIA)
• Extensive knowledge of industry program policies, procedures, regulations, laws, Corporate Governance, PFMA, Banks Act etc.
• Knowledge of management information systems terminology, concepts, and practices

• Conducting quality control reviews of audit work products, Collecting and analysing complex data, evaluating information and systems, and drawing logical conclusions, Planning and project management, and in maintaining composure under pressure while meeting multiple deadlines
• Negotiating issues and resolving problems, Using a computer with word processing, spreadsheet and other business software to prepare reports, memos, summaries and analyses, Familiar with CAATS
• Verbal and written communications, including active listening skills and skill in presenting findings and recommendations
• Ability to establish and maintain harmonious working relationships with co-workers, staff and external contacts, and to work effectively in a professional team environment, Strategic thinker, Lateral thinker, Leadership, Persuasive, Coordination, Numeric skills, Accuracy, Conflict handling, Facilitation, Stress handling, Strong networking skills, Relationship management, Presentation skills at Executive level in a major organisation, Good business acumen, Project management

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