Our client is seeking an Internal Audit and Risk Manager to join their team. The successful incumbent will provide strategic direction, manage and execute the Internal Audit Activity, coordinate specific processes to support the implementation and execution of the Audit Plan, monitoring compliance, preparing and presenting audit findings and recommendations, and providing assurance of compliance with statutory requirements, policies and procedures in line with IIA Standards and the organisation’s policies and procedures. The Head of Internal Audit and Risk is also responsible for the effective assumption of manageable risk and helping the organization avoid or eliminate risks that threaten the company operating effectively and executing its goals
Main job function
Implement business practices in line with applicable internal audit standards
Identify and reduce all business and financial risks through effective implementation and monitoring of controls
Develop, implement and maintain internal audit policies and procedures in accordance with local and international best practice
Compile and implement the annual Internal Audit plan
Conduct adhoc investigations into identified or reported risks
Oversee risk-based audits covering operational and financial processes
Ensure complete, accurate, and timely audit information is reported to Management and/or Risk Committees
Overall supervision of planned annual audits
Report on control deficiencies to management and make recommendations to mitigate risk and add value
Challenge current processes across the company and identify opportunities for refinement
Develop and implement a sound group-wide integrated risk management governance framework
Oversee and develop a comprehensive process for assessing, identifying, monitoring, effectively managing and reporting pertinent business risks
Lead the facilitation, implementation, and monitoring of effective risk management practices and ensure operating policies and procedures are complied with throughout the group
Monitor and report on adherence to and consistency of strategic initiatives with Board
Develop and maintain a trustworthy, respectful working relationship with the Audit Committee of the Board of Directors
Assess risk throughout the Group
Identify potential threats to the financial stability of the company, including risky credit, investments, and portfolio inefficiencies
Detect potential threats to operational efficiency including underperforming resources, personnel liabilities, property inefficiencies, and safety risks
Recognize potential threats to the company’s reputation including marketing missteps
Prepare and maintain internal and external data gathering for risk analysis and reporting
Design and implement methods for avoiding potential threats using a suitable risk metric and personal knowledge of the industry
Deliver regular risk analysis reports to company executives complete with actionable plans for avoiding or preventing potential threats at all levels
Coordinate programs designed to minimize threats and anticipate threats to the company
Monitor the progress of risk mitigation activities
Develop insurance strategies and financing techniques to appropriately deal with any unanticipated losses
Bachelor’s degree in Accounting, Internal Audit, Finance, or Risk Management
Internal Auditing qualification (CIA) or CA (SA) or similar
Master's degree in Business Administration advantageous
10 years of relevant experience at a listed company
5+ years of work experience in an internal audit environment
5+ years of risk management and reporting experience
AIM/JSE listed environment experience advantage
Experience in partnering with an executive team
Strong knowledge of processes
Analytical thinker with strong conceptual and problem-solving skills
Meticulous attention to detail with the ability to multi-task
Ability to work under pressure and meet deadlines
A Consultant will be in touch if you are shortlisted for the position. Please consider your application unsuccessful should you not have been contacted within 2 weeks. We will keep your CV on our database and contact you should you match the criteria of any other vacancies.
