Internal Audit Specialist

SUMMARY:

Our client, an esteemed mining company based in the Gauteng area is searching for an experienced Internal Auditor to conduct risk assessment of assigned audits within the established or required timeline.

POSITION INFO:

Description

Purpose of Job:

The Internal Auditor (CIA) will conduct risk assessment of assigned audits within the established or required timeline. Execute and manage risk based internal audits and consulting projects. Communicate findings to Senior and Line Management and draft comprehensive report for the audited area.

To provide management with suitable recommendations that will improve the company''s risk assessment, governance process and internal control procedures.

Balanced Scorecard Pillars, Roles and Responsibilities:

SAFETY, HEALTH, ENVIRONMENT AND QUALITY

• Identify and assess the level of risk in area of responsibility by considering exposures to business, financial, legal compliance, people, equipment, environment, material, processes, etc.
• Consider the level of risk and mitigation and then implement control measures to reduce the residual risk (set objectives, minimum requirements, etc.)
• Comply with the company''s SHEQ requirements during the performance of internal audit projects or other internal audit related activities
• Utilise IMS to identify SHEQ pertinent incidents, analyse, identify trends, investigate and then report on SHEQ activities

PEOPLE

• Manage personal development
• Coach other internal audit team members during complex or big audit projects/ assignments

CUSTOMERS

• Develop, maintain and improve relationships with key internal and external stakeholders
• Liaise and inform the Business Units regarding Internal Audit methodology
• Report on key issues identified during the audit, and to make recommendations for improvement or corrective action
• Assist Business Unit Management with the performance of the risk assessment.

BUSINESS PROCESSES

Risk Assessment and Planning:

• Monitor and evaluate the effectiveness of the risk assessment system
• Prepare process flow charts/ system descriptions and process narratives
• Identify and assess pertinent key business risks and the compensating controls
• Prepare the risk and control matrix for assigned audit engagements

Audit Engagement/ Assignments:

• Lead the assigned audit engagements or projects
• Prepare and execute risk based internal audit assignment
• Plan and develop detailed audit programme for assigned audit engagement
• Identify and assign audit work to other internal auditors during the audit process
• Perform analytical reviews and testing procedures during audit engagement
• Prepare audit working papers that support the issues presented in an audit report
• Ensure that audit working papers prepared by others team members supports the audit findings raised in the audit report
• Communicate significant audit findings to the Auditor-In-Charge (AIC) and the Internal Audit Manager on time
• Develop and discuss audit findings with Auditee''s responsible staff members and management to inform, clarify and confirm the audit findings
• Make suitable recommendation to improve the operations and internal controls
• Prepare and present formal written internal audit reports for audits performed
• Identify and recommend training needs for other internal auditors
• Manage and resolve disputes/ conflict that may arise during the audits

Follow Up Audits:

• Monitor and follow-up on the implementation status of the recommendations made by Internal Audit and the agreed management action plans
• Compile clear and concise follow-up report outlining the implementation status of recommendations and agreed management action plans, and further present it to management

Ad hoc requests/ Special Assignments:

• Lead and or execute the special reviews or ad hoc requests projects. 
• Assist in the performance of special review requested by management
• Prepare clear and concise reports for ad hoc projects/ assignments and further present the reports to management                           

Quality:

• Execute/assist in completion of all audit work in accordance with IIA standards
• Ensure audits are conducted in accordance with IIA standards and code of ethics
• Prepare clear and concise reports for audit and ad hoc engagements performed

GROWTH

Continuous Improvement:

• Contribute to the improvement of risk management and control systems.
• Identify or ensure that significant risks facing the company are identified.
• Business and system improvement.
• Assist in carrying fraud and other management special requests.

 SHAREHOLDER VALUE

• Identify key risk exposures and make suitable recommendations.

Workplace Competencies:

Skills:

• Excellent verbal and written communication skills
• Good computer skills and must be SAP literate
• Fraud investigation and Information Technology audit skills will be an advantage

Knowledge:

• Comprehensive understanding of the risk based internal auditing
• Know and understand audit procedures and computerised accounting in SAP
• Obtain and evaluate the audit evidence, and to prepare & present audit reports
• Knowledgeable in risk management and control frameworks
• Knowledgeable in relevant South African legislations, Generally Accepted Accounting Practices (GAAP) and International Financial Reporting Standards (IFRS)

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