Internal Auditor

PURPOSE

The purpose of the Internal Auditor is to provide independent and objective evaluations of financial and operational business activities through conducting audits and providing feedback to senior management on the company’s areas of risks in terms of corporate governance and compliance with laws and regulations

JOB OBJECTIVES
Risk mitigation & compliance management

• Ensure that all audit documents are kept up to date, reviewed and saved on the shared drive: Risk assessments, Systems Description, Process Flows etc.
• Formulate project Risk Assessments, update the business Risk Register and assess and identify risks per project; and utilise available data for analysis, identification and monitoring current and emerging risks at project level.
• Accountable for assisting management to identify risks and develop the risk register, regularly appraising and reporting on the effectiveness of the risk management function, and identifying legal, regulatory, and contractual requirements and organisational policies and standards.
• Managing all open findings, tracking management action plans and ensuring timely submission to the R&CE on required feedback.
• Engaging the R&CE and providing regular feedback on critical risk areas identified in the business.

Stakeholder engagement

• Accountable for engaging with stakeholders at all levels before, during and post audit, for the purpose of obtaining all pertinent information, understanding process, and conveying results.
• Obtaining business feedback, accountability and confirms timelines for action items on any identified audit items.
• Communicate effectively during feedback meetings, whilst addressing all needs and concerns and remaining within procedural guidelines.
• Follow up with management on follow up audits, action plans from audit reports.
• Accurate and timely feedback on audit outcomes.
  

Audit plan

• Accountable for developing and delivering on the annual audit plan and presenting it to the Risk and Compliance Executive.
• Ensures appropriate audit planning is executed prior to each engagement:
  • Draw up timeliness for each audit/project phase and measure team’s delivery.
  • Ensure all audit documents are prepared prior to the audit e.g Statement of work/Engagement letter, Systems description, Risk Assessment, Process Flows, Audit Program etc).
  • Communicate with all stakeholders regarding the audit plan or any deviations ahead of time.
• Responsible for displaying a grasp of business know-how to make meaningful contribution to the audit engagement.
• Organise work and gathers information regarding the task that is to be performed, ensuring the information gathered includes applicable accounting standards (IFRS), auditing (IIA), or information on nature of audit client’s activities.
• Assess and identify risks per project; and utilise available data for analysis, identification and monitoring current and emerging risks at project level.

Audit execution

• Effective and timely implementation and conclusion of audit.
• Responsible for displaying a grasp of business know-how in order to make meaningful contribution to the audit engagement.
• Demonstrate a clear understanding of the auditable area and demonstrates the ability to define proper and appropriate objectives and scope.
• Responsible for conducting audits, investigations, system reviews, process reviews and projects as required.
• Perform assignments from start to finish with the necessary supervision (identification of risks, controls, weaknesses, recommendations, best practices, sampling, reporting, etc.).
• Ensures adherence and compliance to prescribed internal controls, procedures and policies; and identifies key controls and control weaknesses within the system; and preparation of the audit report.
• Ability to provide ongoing advice /recommendations on policies and regulatory compliance by developing strategic business relationships and partnering with the business.
• Ability to work independently and proactively with minimal instructions.
• Ensure audit programs, working papers, audit evidence, reports etc. are saved on the shared drive.

Reporting

• Updating the Audit and Risk Committee Pack-Internal Audit.
• Timely submission of quality audit reports.
• Keep R&CE informed on all audit related matters and take initiative.
• Report on ad-hoc projects assigned based on business requirements

People Management

• Managing team admin (Examples: Leave approval, goal setting, performance evaluations, training).
• Delegate and manage workload across the team.
• Coaches, trains team and supports the delivery of the audit plan.
• Managing internal and external stakeholder engagement to accomplish both business and strategic objectives.
• Effective people management.

JOB REQUIREMENTS

Qualification

NQF 7 Internal Auditing
Certified Internal Auditor (CIA)
Professional Internal Auditor (PIA)(Desirable)

Knowledge
Risk Management and Assessment
Auditing & Accounting Principles
Ethics & Compliance Principles
Internal Control
Corporate governance concepts and practices
Business law

Experience
Internal auditor 3 to 4 years
Experience in wholesale industry 1 to 2 years

Skills
Excel
Data analytics
Reporting
Attention to detail
Planning & Organising
Communication
Presentation

Competencies
Professional expertise
Analysis and judgement
Systematic approach
Effective communication

Job Grade
D1

Reports to
Risk and compliance Executive

Number of direct reports
2