Internal Audit Manager (Permanent)

SUMMARY:
Internal Audit Manager (Permanent)

POSITION INFO:

Reporting to the Audit and Risk Committee, the Internal Audit Manager contributes to the development and implementation of strategic and operational plans related to the implementation of Internal Audit’s vision, mission, and overall goals and objectives.  The Internal Audit Manager serves as a liaison between the divisional managers and key stakeholders in the business. The Internal Audit Manager is responsible for the implementation and execution of the audit plan, monitoring compliance, preparing and presenting audit findings and recommendations and providing assurance of compliance to statutory/regulatory requirements and policies and procedures. They provide strategic direction and manage and execute the Internal Audit activity for their assigned objectives.

• Develops and manages internal financial, operational and compliance audits (this may include the management of co-source service providers). 
• Communicates results of audits to management and other stakeholders as required. 
• Manages the testing and documentation of internal audits to ensure information integrity and transaction validity, accuracy and completeness and reports discrepancies. 
• Ensures that audit issues are well defined and root causes are identified. 
• Trains staff to plan, scope, and perform internal audits and risk assessments within established business process controls. 
• Works with management in all areas to define the audit function as it relates to overall business activities. 
• Requires in-depth audit knowledge and skills in finance/accounting and/or information systems operations. 

  Key Roles and Responsibilities:

• Identifies risk areas on a global basis, develops and maintains the audit universe for the organisational areas they are responsible for.
• Develops and maintains the annual internal audit plan, including the risk assessment process.
• Determines and plans the scope and objectives of audits and relevant methods and process to be applied.
• Provides input and drives the adoption and utilisation of data analytic initiatives for their assigned Internal Audit activities.
• Manage and ensure awareness of the workings in the audit and the areas of concern.
• May participate in executing and completing audits and related procedures.
• Delivers the annual internal audit plan, including audit and assurance engagements, project risk assurance reviews, and special projects as assigned.
• Assists in the preparation of reports for communication to the Audit and Risk Committee where it is relevant to their assigned organisational areas.
• Remains current with auditing best practice and legislation in order to analyse and review a variety of areas in the business depending on the scope identified in the audit plan.
• Oversees and reviews the work of audit staff to ensure accuracy of process implementation and findings, with specific attention to audit areas considered high risk.
• Supports and develops team members in the department through ongoing mentorship, skills development and providing exposure to various business and audit processes.
• Reviews the outcome of the audit process in terms of its objectives, quality, completeness and feedback.
• Professionally communicate and present findings to senior and executive management, reporting on the policies adopted for auditing, and the programs and activities of the auditing team.
• Preparation and review of a final audit report for submission and distribution to the various stakeholders and ensure that the adequacy and effectiveness of stakeholder action plans are assessed and implementation is monitored and reported in writing.
• Participates in and manages activities relating to the provision of value-add advice and insights for business process enhancements or re-design.
• Identifies further opportunities where the department can be of assistance to functions, developing relationships and enhancing communications.
• Manages co-source service provider relationship when necessary.
• Leverages the work and assurance provided by Other Assurance Providers (OAP’s) within the business.
• Responsible for administrative duties including basic office admin, travel arrangements, manage costs, etc

 Knowledge, skills and attributes:

• Possesses specialist auditing knowledge and a process driven individual.
• Excellent interpersonal skills.
• Excellent written and oral communication skills.
• Display impeccable attention to detail and quality orientated.
• Display excellent analysing and problem-solving ability.
• Works effectively in a team environment and creates an environment which motivates the team and is conducive for high quality work and output.
• Ability to manage the audit function for their assigned organisational areas semi-autonomously, from a planning, audit-execution and administrative perspective.
• Strong time, project and team management skills.
• Ability to effectively manage multiple projects and audit engagements simultaneously.
• Able to operate in a complex environment dealing with multiple levels in the business, requiring a deep understanding of the global business and statutory environment.
• Ability to work in high pressure environments and deliver high quality work.
• Requires audit knowledge and skills in finance/accounting and/or information system operations and related standards.
• His/her leadership skills, strategic capability, proactive approach and ability to execute are key components that ensure success in this position.
• Ability to understand the company’s overall strategy and objectives and related key business processes, operational procedures and systems.
• Knowledge and ability to link company objectives to audit objectives through good practical judgement and decision-making skills.
• Ability to establish credibility with senior and executive management.
• Ability to see a project through to completion and take ownership.

 Academic Qualifications and Certifications:

• B Com Hons Internal Audit/ Accounting/ Finance/ Commercial or related field of study;
• Certified Internal Auditor (non-negotiable)
• Certified Chartered Accountant - CA (SA) (preferable);
• Certified Information Systems Auditor (an added advantage);

 Required Experience:

• 10+ years’ work experience, preferably in a SETA environment.
• Applied advance knowledge and expertise in the use of audit concepts, audit methodologies, risk-based auditing techniques.
• Extensive experience in the use and evaluation of data analytics.
• Demonstrable audit leadership experience in a related environment, managing people, processes to achieve organisational and departmental objectives.
• Strategic planning experience.
• Good knowledge and understanding of the SETA environment and business needs, combined with strong understanding of business processes.

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