Chief Internal Audit Officer

SUMMARY:
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POSITION INFO:

• Provide consulting internal audit services on the efficiency and effectiveness of the systems of internal controls, risk management and governance processes.

Minimum Requirements:

• Bachelor’s Degree in Internal Auditing or related qualification.
• Postgraduate qualification in Internal Auditing or related qualification.
• Post graduate qualification in Business Management or Administration will be an added advantage.
• Certification: Certified Internal Auditor (CIA) or related designation.
• CA (SA) will be an added advantage.
• 12 - 15 years within an internal audit of which 7 years must have been at a senior management level in a public sector organisation/ environment.
• Expert Knowledge of audit principles and theory, the Institute of Internal Auditing (IIA) standards, Statutory Accounting Principles, Generally Accepted Accounting Principles, American Institute of Certified Public Accounting standards, and internal audit department policies.
• Experience in leading and managing organisational transformation will be an added advantage.

Competencies:

• Extensive knowledge of IIA Standards, PFMA, and Treasury Regulations.
• Thorough understanding of internal business processes.
• Experience in audit methodologies and software applications.
• Experience in reporting to the Audit Committee.
• Experience in managing project teams.
• Excellent presentation skills.
• Advanced MS office skills.
• Project management methodologies.
• Resource management.
• Financial management.
• General management.
• Principles relating to Governance, Risk Management, and control frameworks.
• King IV application.

Key Performance Areas:

• Lead and manage staff in the department to ensure that they achieve their objectives in line with the strategic objectives of the organization.
• Direct annual planning and budget development to support strategic operational goals.
• Analyse trends, operating requirements and forward plans to establish/determine funding/expenditure for the financial year and in line with MTREF cycles.
• Ensure the sourcing, development, and retention of a high-performance team.
• Ensure that recruitment of operational workforce is in line with employment equity targets.
• Ensuring the motivation, cohesiveness, and alignment of the organization’s team members
• Oversee and sign-off operational internal audit budget.
• Determine and set specific key performance indicators and measures against outcomes detailed in the departmental strategic plans.
• Present a plan of the current and future interventions necessary to achieve acceptable levels and standards of the organization strategy and operational plans to the Executive forum.
• Ensure sufficient internal control measures are implemented for adherence to PFMA and other relevant legislation and regulation.
• Oversee the implementation of human capital processes and procedures to control/regulate workplace conflict and/or institute corrective measures and consultation processes to address deviations from standards.
• Develop and maintain good working relations with stakeholders including staff, claimants, attorneys, regulators, government, departments etc.
• Prioritise communication with all levels of stakeholder contact.
• Ensure adequate representation of the Fund in relevant external activities and events.
• Maintain proactive and progressive relationships with key stakeholders.
• Oversee the development of an audit marketing plan to enhance customer relationships and maintain ongoing communication with all relevant stakeholders.
• Responsible to define, report, and review Internal Audit financial and non-financial goals.
• Oversee and provide strategic direction in the evaluation of adequacy and effectiveness of controls based on audits conducted to provide a written assessment to the Board.
• Oversee and provide strategic direction in the evaluation of internal financial controls to provide a written assessment to the Audit Committee.
• Develop Internal Audit business strategy and plan that ensure alignment with short-term and long-term objectives developed in tandem with the CEO.
• Drive the development, implementation and annual review of an overall Strategic Plan for the Internal Audit department and obtain approval of the audit plans by the Audit Committee.
• Facilitate communication with all levels of stakeholders.
• Ensure adequate representation of the Fund in relevant external activities and events
• Allocate, direct, motivate and evaluate subordinates to help achieve their individual goals.
• Oversee the development of training and development programs for ensuring quality audit resources.
• Direct human resources activities, including the approval of human resources plans and activities.
• Lead a professional audit staff with sufficient knowledge, skills and experience to meet the requirements of the Internal Audit Charter.
• Issue periodic reports to the Audit Committee and management on activities, significant findings, risks or benefits, recommendations and management actions.
• Report quarterly on progress with implementation of operational plans.
• Lead the development of functional reporting systems, for management, project or performance reporting.

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