Head of Internal Audit and Risk

Head of Internal Audit and Risk (Finance and Commercial)

Location: Johannesburg

Our client is looking to hire a Head of Internal Audit and Risk within the Finance and Commercial industry.

Responsibilities:

Internal Audit

• 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 ad hoc 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.

Risk

• 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 approved risk appetite framework, risk tolerances, and risk profile
• Develop and maintain a trustworthy, respectful working relationship with the Audit Committee of the Board of Directors
• Create an integrated risk framework for the Group.
• 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.
• 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.
• Oversee all audits of accounting practices, safety measures, and compliance reports.
• Conduct regular risk assessments on site.
• Manage and prepare all documentation related to risk assessments and reviews of standard operating procedures.
• Communicate to key stakeholders regarding the risk profile of the business.

People Management

• Build an Internal Audit and Risk function.  
• Lead in-line with the Company’s leadership ethos.

Formal Education

• 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.

Experience & Skills

• 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.

Competencies

• Analytical Thinking & Attention to Detail (includes accuracy)
• Anticipating, Creating and Managing Change (Tolerance of Ambiguity)
• Holistic / Big Picture thinking
• Judgment and Decision-Making
• Problem Solving (Includes reasoning)

Interpersonal competencies:

• Assertiveness (Includes willingness to challenge and confront without being aggressive)
• Ethical Behaviour/Honesty/Transparency/Modelling of Values
• Managing risk
• Building Strategic Partnerships/Networking
• Communication – verbal and written. (Ability to articulate technical solutions for various audiences) Influence, Persuasion, and Negotiation (Including Conflict Management)
• Organisational Awareness

Professional / Technical Competencies

• Business and Financial Acumen (includes the ability to identify and manage risk)
• Process Engineering / Systems Competence
• Technical / Professional Competence

Leadership Competencies:

• Motivating People (includes Creating and Selling the Vision)
• Participative Leadership (Empowering and Including People)
• People Development (includes Identifying and Nurturing Talent)
• Practical Execution Management (Planning, Organising and Monitoring; Includes Project Management)
• Strategic Leadership (includes Strategic Planning and Implementation

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ATripleA Recruitment and Temps

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