Head of Internal Audit and Risk (Ref: MEHIAR)

Position in the Financial sector in Illovo, Gauteng - Gauteng
Posted On Friday 11 March 2022
Job Description:

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.

Please contact Melanie Els