| Description |
Duties:
1. STRATEGIC INITIATIVES
Continuous Improvement
- Keeps current with developments in the field of auditing including the Institute of Internal Audit (IIA) Standards and the Group Internal Audit Methodology
- Maintains compliance with Institute of Internal Auditors Standards for the professional practice of internal auditing and the Code of Ethics
- Keeps current with developments in the financial services industry such as accounting issues, regulatory environment, etc. and incorporates into daily work
- Continually assesses personal and professional behavior against the principles set out in the IIA Code of Ethics
- Keeps abreast of industry developments with regards to fraud risk and risk management practices through self-study and attending industry forums
2. OPERATIONAL
Plans and Executes Internal Audits
- Prepares annual IA budget for review by Chief Audit Executive and sign off by subsidiary and group
- Develops an internal audit plan based on business objectives, and high risk areas to provide assurance on the internal and financial control environment
Evaluates risk and related operations to determine areas of highest exposure with intent to maximize audit coverage
- Coordinates interactions with other subsidiary assurance providers in consultation with the Chief Audit
- Executive to limit duplication of effort and synchronize work deliverables
- Prepares specific audit program and time schedules, to accomplish tasks and/or individual assignments
- Performs planned audits in accordance with approved audit program to test the adequacy and effectiveness of controls to mitigate risk and achieve the business/control objectives
- Formally documents timelines per project per team member, retain details on Teammate and actively manage and update these
- Provides assistance to or coordinate efforts of outside audit firms and regulatory agencies
- Manages Teammate files in line with expected standards and the Group Internal Audit Methodology
- Performs quality reviews on working papers to ensure compliance with the Group Internal Audit Methodology and formally record coaching notes on Teammate to support review work performed
- Prioritizes ad hoc requests for completion in terms of expectations whilst managing audit projects and responsibilities
- Displays multi-tasking and prioritization abilities through adequate knowledge and understanding of the business strategies and risks
Reporting
- Documents findings and recommendations on affected departments and prepares draft reports
- Evaluates responses to reports for reasonableness and assists in or prepares final report to senior management with analyses, recommendations, counsel and information concerning the activities reviewed
- Responsible for the interim and year-end audit assistance with certified public accounting firm
- Internal audit reports and other communication consistently displays a high level of understanding of governance, risk, compliance and internal auditing principles
- Attends industry forums to support self-development and share information accordingly
- Prepares audit reports for presentation to management and the Audit, Risk and Compliance Committee.
- Develops and maintains tracking register for previously reported Internal Audit findings, External Audit management letter items and other assurance provider reports such as Central Bank review
- Reports on the progress of these items as per the Group Internal Audit Charter to the quarterly company’s Committee (subsidiary and/or Group)
- Drafts and presents internal audit reports to management.
3. PEOPLE MANAGEMENT
- Directs Internal Auditors day-to-day audit activity, including the review of audit work papers, as to accuracy and adherence to departmental and IIA Standards
- Conducts performance review process for Internal Auditors and handles other HR matters (including training registers, leave management, disciplinary processes, etc.). Ensures Individual Development Plans (IDPs) for direct reports are documented
- Performs continuous reviews of team members output to ensure timeous identification for intervention requirements
- Provides value add input to the departmental training programme and timeously communicate needs in this regard
- Develops action plans based on customer survey questionnaires to adequately address weaknesses and potential opportunities
- Formalizes and communicates leave planning per annum, work time arrangements, and performance appraisal sessions per team member with summarized feedback to the Chief Audit Executive
4. STAKEHOLDER ENGAGEMENT
- Establishes and maintains effective communications and professional relationships with department management to identify and ensure key business objectives and risks are incorporated into the audit process
- Continuously works to identify and remove barriers to increased productivity, quality, cost effectiveness, timeliness of operations and customer satisfaction
- Consistently demonstrates high standards of integrity by supporting the Company’s mission and values and adhering to the Corporate Code of Conduct
- Maintenance of professionalism and confidentiality in interactions with business and or other assurance functions, whether internal and/or external
- Interaction and co-ordination with other assurance providers (Forensics, Compliance, Risk Management, External Audit, Rating Agencies, etc.) resulting in efficiencies, control reliance and strong relationships to assist in achieving overall Group assurance objectives in a cohesive manner
Engage in the following forums:
- Attends Committee meetings as an invitee to present feedback and attend other relevant forums/committees as observer to ensure understanding of the business and input into the annual audit plan, e.g. Risk Manager Forum, Credit Committee, Management Committees, etc.
- Attend as invitee Credit Committee, Risk Management Forums, Management Committee, etc. depending on the subsidiary arrangement – where these meetings are not attended, minutes of these meetings have to be received as a minimum by this role to adequately advise and inform the Internal Audit function
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