Job Description

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