Senior Internal Auditor
The Senior Internal Auditor will be expected to provide reliable, value-added, and independent assurance to Management and other stakeholders (typically auditors and regulators) over the effectiveness of controls mitigating current and evolving risks and ensure a culture of controls in all processes.
Duties & Responsibilities
- Must at all times be fully conversant with applicable legislation, regulations, notices directives -and rules, including:
- Collective Investment Schemes Control Act.
- Financial Advisory and Intermediary Services Act.
- Companies Act
- Financial Intelligence Centre Act
- Pension Funds Act
- Long Term Insurance Act
- Financial Markets Act
- Protection of Personal Information Act
- Electronic Communications and Transactions Act
- ASISA Standards and Codes.
- King Code of Corporate Governance
- Code for Responsible Investing in South Africa
- Principles of Responsible Investment
- Cadbury Report (UK)
- Ensure that all the regulatory and other internal or external reporting requirements applicable to the relevant companies have been adhered to.
- Formulate audit and investigation strategies.
- Plan periodical audits and special assignments.
- Develop annual or rolling risk assessment and audit strategies and plans.
- Originate audit manual and implement the audit strategies.
- Control and monitor the KPIs of the Group.
- Review the business process plans and cost-benefit analysis for the expansion in geographical and product segments.
- Review the control procedures over reporting of financial information to stock exchanges in a manner compliant with the regulations.
- Review the strategic plans, budgets, financial forecasts, and variances from forecasts.
- Review of the departmental process and workflow and business process improvement.
- Review the adequacy of the infrastructure systems and administration systems.
- Review the staff recruitment process, performance criteria of staff, staff discipline process.
- Ensures knowledge of and compliance with the Institute of Internal Auditor’s Code of Ethics.
- Provide advice on internal control to management, including responding to questions on risk management techniques.
- Report regularly to the Audit Committee and management with regard to progress in achieving planned objectives.
- Conduct substantive monitoring of the compliance functions carried out to ensure compliance with standards and regulation. This includes review of regulatory filings, annual financial statements, management accounts, tax submissions, and capital adequacy calculations.
- Establish an expert working knowledge of audit procedures and control techniques to meet audit objectives.
- Perform audit work in compliance with internal audit policies. Must work within a detailed scope with the ability to work across different specialized departments performing distinct functions.
- Ensure audit work and findings are adequately documented and reported to executive management immediately.
- Review adequacy of infrastructure and administration systems and evaluate effectiveness of controls within an automated administration and reporting environment.
- Identify all significant control weaknesses and appropriately communicate these weaknesses to management as soon as possible.
- Document the results of audit work in accordance with audit department and the Institute of Internal Auditors (IIA) standards.
- Contribute, where appropriate, to the year-end financial audit with external auditor.
- Perform financial, compliance, IT, and operational internal audits including planning and development of audit programs including detailed review of systems setup (static data, security, screen configurations, data integrity).
- Perform audit testing and identify appropriate controls and key business risks; evaluate the adequacy of the controls designed to manage those risks; discuss strengths and opportunities for improvement with management and develop recommendations for improvement.
- Monitor appropriate measures for the prevention of fraud and elimination of conditions inductive to fraudulent actions.
- Ensure that the prescribed procedures for the business operations are diligently followed within the Oasis Group.
- Prepare reports containing observations, comments, and recommendations based on carried out work.
Desired Experience & Qualification
- Chartered Accountant.
- CIA and CISA certifications will be preferred.
- 5+ years post qualification experience in Audit.
- Up-to-date extensive knowledge of IFRS statements and their application.
- Experience in financial services company will be given preference.
- Expert on Microsoft Office (Word, Excel, Outlook, Access, PowerPoint).
- Experience in a position that required them to supervise others.
- Professional knowledge of working in an automated environment is imperative due to the nature of organization where a number of specialized applications are used (Sungard; Iflex Oracle).
Desired Professional Competencies
- Technical and analytical skills to interrogate a variety of problems.
- Excellent verbal and written communication skills.
- Organizational and time management skills.
- Logical and precise.
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