Head of Internal Audit - Corporate and Institutional Bank - Sandton

Job Purpose:

Establish and manage all aspects of the Internal Audit function, including the following:

• Manage and develop the in-house internal audit team;
• Lead the update of internal audit documents;
• Lead the annual internal audit programme and other internal audit related tasks;
• Fulfill regular committee reports and periodical regulatory reports;
• Lead the regular audit monitoring and tracking;
• Advocate ethics within the Bank

Responsibilities/KPIs:

• The Head of Internal Audit shall be responsible for managing human resources in the Internal Audit Department, and make sure the in-house internal audit team is functioning up to the Senior management’s expectation.
• The Head of Internal Audit shall lead the preparation, implementation of the annual internal audit programme and sign off the final report, and make sure all other assurance tasks given to the Internal Audit Department are completed in time.
• The Head of Internal Audit shall meet regularly with the executive to report the status of ongoing monitoring activities, and engage with regulators as required.
• The Head of Internal Audit shall lead the regular audit monitoring (a continuous assessment of systems of control) within the Bank and manage the process to track/follow-up all open audit/inspection findings.
• The Head of Internal Audit shall take the charge to advocate ethics within the Branch, and provide recommendations to the senior management regarding corporate governance.

Requirements:

Qualifications:

• Certified Internal Audit (CIA) - Essential
• CPA/ACCA - Desirable
• Certified Information Systems Auditor (CISA) - Desirable
• Other Membership for a Specialised Area Concerning the Banking Industry - Desirable
• Fit and Proper requirements of the SARB - Essential
• A minimum of three years in a highly specialised area, such as regulatory reporting, IT management, AML or trading - Desirable

Experience:

• Internal Auditor 8+ years - Essential
• Leader of Internal Audit Team 3+ Years - Essential
• Banking/Finance 5+ years - Essential
• Knowledge and experience in Bank processes and functions - Essential

• Regulatory Reporting - Desirable
• IT Systems - Desirable
• AML - Desirable
• Financial Market Trading - Desirable

Personal attributes:

• Professional attitude
• Time management and prioritisation
• Report writing and presentation
• Analytical thinking
• Excellent interpersonal and communication skills
• Understanding of bank processes and functions