Internal Audit Manager
About Discovery
Discovery’s core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery. Our fast-paced and dynamic environment enables smart, self-driven people to be their best.
About Group Internal Audit
Internal audit falls part of group finance, responsible for compiling internal audits throughout Discovery. They audit work processes, systems, and tasks completed, compiling findings and presenting them to the area head.
Job Purpose
The successful candidate will be responsible for completing audits inside Discovery and providing feedback on the outcome. The successful candidate must have a drive, sense of urgency, and work flexibility.
Areas of responsibility may include but are not limited to:
- Proficiency in the IIA International Professional Practices Framework (IPPF), Code of Ethics, and Standards.
- Assist in developing the Audit Universe, Annual Internal Audit plan, and the three-year rolling plan.
- Facilitating knowledge and information sharing between GIA staff members and other departments.
- Monitor progress of audits against the plan.
- Track progress/changes in business risks and align the audit plan.
- High-level day-to-day supervision of the internal audit teams.
- Assist with staff development to increase competence and delivery of the department.
- Defining the purpose, scope, and audit approach of each audit for assigned areas of audit coverage.
- Agree audit scope with clients and provide final engagement letter to Senior Audit Management for approval and distribution.
- Ensuring that all risks are addressed for the specific audit engagements.
- Provide feedback to Senior Audit Management on the planning, execution, and reporting of the audits.
- Review and sign-off of planning, working papers, and reports, and raise review notes for work performed by Senior Auditors/Auditors/Data Analysts.
- Address review notes raised by Senior Audit Management.
- Monitor the quality of work performed by the audit team and take corrective action where applicable.
- Ensure sample sizes applied within testing are based on the sampling methodology.
- Approve subsequent changes to test procedures.
- Provide training and supervision to the audit team to ensure that the required audit objectives are met.
- Request feedback from management and escalate cases where feedback is not received.
- Ultimately responsible for the quality of audit files (Pentana Audit or other).
- Proactively take on additional tasks as requested by Senior Audit Management.
- Provide meaningful input and monitor the effective and timely implementation of management actions to address any control weaknesses identified.
- Review draft reports in entirety and ensure format aligns with Audit Methodology.
- Review management comments received and ensure they address observations raised.
- Review the executive summary, including the overall report rating and enhance where necessary.
- Provide Senior Audit Management with the final draft for review.
- Monitor progress on audits and keep Senior Audit Management informed.
- Conduct a Quality Assurance review of audit files and finalize once comfortable.
- Perform monthly follow-ups on previously reported audit findings.
- Update follow-up statistics in the agreed format.
- Attend Audit and Risk Committee meetings, as required.
- Reporting to: Audit Committees, Business Risk Committees, Company Excos, Management, CAE.
- Prepare appraisal forms for Senior Internal Auditors/Internal Auditors for applicable audits performed.
- Conduct peer Quality Assurance reviews and document results.
- Manage the biannual incentive process for Internal Auditors and Senior Internal Auditors.
- Develop and manage the relationship with external audit regarding reliance on audit work, data requirements, and coordination of resources.
Personal Attributes and Skills
- Upholds ethics and values and demonstrates integrity.
- Takes initiative and works under own direction with the ability to make quick, clear choices.
- Shows respect for the views and contributions of others.
- Strong negotiating and influencing skills.
- Excellent communication skills, both verbal and written.
- Demonstrates an understanding of different organizational departments and functions.
- Proficiency in the IIA International Professional Practices Framework (IPPF), Code of Ethics, and Standards.
- Microsoft efficiency.
- Experience in the Financial sector.
- Ability to draft reports and present at committee meetings.
- Analyze statistics.
Education and Experience
- Honours degree or equivalent qualification (with Auditing/Risk Management/Governance/Accounting as a major).
- Completed CA(SA)/CIA.
- Experience in conducting financial, operational, or IT audits.
- Experience in the Financial Services/Health Industry is advantageous.
- Experience in internal financial controls (IFC) is advantageous.
- Experience regarding the application of audit regulatory and compliance requirements.
- Reporting to Audit and/or Risk Committees.
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