JOB DESCRIPTION
The purpose of the role of the Senior Audit Manager is to play a significant role in delivering on the internal audit charter and improving the governance, risk management, and control in the Group. The Senior Internal Audit Manager is responsible to ensure that the Internal Audit activities are executed in accordance with the requirements of any specific acts and regulations applicable to the business or the function itself.
KEY RESPONSIBILITIES
- Ensure that the Internal Audit function and activities are executed in accordance with the Charter as well as the requirements of any specific acts and regulations applicable to the business or the function itself.
- Assisting in the establishment and implementation of the overall Group Internal Audit strategy.
- Evaluates and improves overall audit operations by leveraging technology and other tools.
- Understands and applies external benchmarks for performance standards.
- Develop internal standards and frameworks for audit work execution to further supplement current Institute of Internal Audit (IIA) standards as well as regulatory requirements.
- Providing input into the annual planning process to develop a risk-based audit plan
- Delivery of the annual internal audit annual plan as approved by the company
- Audit engagement management, coordination, and optimisation of budgeted resources.
- Team leadership, which includes staff management, performance reviews, training, development, and career planning.
- Stakeholder management (internal and external)
- Alignment with other assurance providers (e.g., external audit, risk management, compliance, etc.).
- Regular reporting to the various Audit and Finance and Risk Committees that includes not only significant weaknesses in governance, risk management and internal control, but also administrative matters relating to Internal Audit and its operations.
KNOWLEDGE AND EXPERIENCE
- Completed articles plus 8-10 years management experience in financial services (preferably General Insurance) or Internal Audit or Risk Management
- Experience in leading internal and or external audit teams in a dynamic insurance or financial services environment
- In-depth knowledge of audit methodologies
- Data analytics capability
- Strong leadership capabilities key to optimising the performance of a team and building credibility across the organisation
- Knowledge of relevant corporate governance and risk management legislation, codes and regulatory requirements that impact the Insurance Industry
- Expert knowledge of internal audit principles and standards within South Africa and internationally
- Understanding and knowledge of the financial services industry
- Understanding and knowledge of Insurance business processes
QUALIFICATIONS
- CA (SA) or CIA
- Com / B. Tech
- External audit articles
- Must be able to travel locally (maximum 40%), willing to travel internationally if [URL Removed]
- Knowledge of legislation, regulations applicable to the financial industry (FAIS, STIA, New Insurance Act as well a supporting prudential and conduct governance standards)
- Solid understanding of financial management/reporting processes and controls
- Understanding of principles, policies, frameworks, methodologies, procedures, etc
- Stakeholder management skills
- Influencing and negotiation skills
- Excellent interpersonal, communication and networking skills across all levels
- High-stress tolerance
- Dealing with confidentiality
- Report writing skills
- Ability to ‘think-out-of-the-box’ and critical thinking
- High initiative/self-starter/proactive and anticipate requirements
- Professionalism, excellent judgment, use of discretion and problem-solving abilities
- Ability to work and make decisions independently
- Computer literate (Excel, Word and PowerPoint)
Desired Skills:
- Internal Auditing
- Risk Management
- Data Analytics
- Leadership/Management Skills
- Team Leading
- Insurance
- Financial Services
- Audit methodologies
- External Audit Articles
- CA
- CIA
- Legislation
Desired Qualification Level:
- Degree
About The Employer:
The company is a market leader in the general insurance industry in Southern Africa, rapidly moving into a number of emerging markets, both in Africa and Asia.