Internal Audit Specialist

Financial Services, Gauteng JHB - Northern Suburbs

Market Related -

Purpose

Execute audits from planning to reporting phase and provide assurance on the adequacy and effectiveness of internal control systems within the Group. Perform quality assurance reviews on selected internal audits Assist in compiling Internal Audit reports to the relevant committees and external parties where required.

Key Role Responsibilities:

Internal Audit planning         

• Identify audit needs and areas for review and provide input to Internal Audit Manager regarding the annual plan
• Review Operational Risk and other appropriate documentation prior to commencement of review including best practice
• Document processes to obtain an understanding of activities
• Evaluate and score documented inherent risks
• Evaluate and score documented management controls
• Prepare audit programmes and relevant audit tests to be executed for manager approval

Internal Audit Execution and Review         

• Supervise as well as execute the following for identified audits:
• Test all identified controls and identify weaknesses
• Gather and maintain supporting documentation for each audit and control objective addressed
• Prepare and maintain audit files both electronic and hard copy
• Reporting
• Conduct review of workings, report and audit files prepared by internal auditors for completeness and quality where applicable
• Perform peer reviews on audit files
• Perform follow-ups on audits previously conducted

Conclude & Report Findings             

• Compile audit reports and review findings prepared by team members - Where applicable
• Conclude on audit opinion in reports in executive summary based on results of audits executed
• Discuss reports with senior management and obtain management comments and target dates

Brand Building and Service Delivery

• Create and maintain productive relationships with internal clients through continuous conversations and being accessible
• Assist the client to understand their role relating to risks and controls as well as Internal Audit’s role in providing an independent assessment of risks and controls
• Encourage management in considering risks in the decision making process
• Keep the client informed about changes in legislation/industry trends and current audit findings through written communication, telephone communications and interpersonal meetings
• Build an internal brand of the internal audit team through always remaining relevant to the client’s business and strive to add value to the organisation

Preparing Internal Audit Reports to Committees / External Parties

• Preparation of monthly / quarterly / annual reports – Exco & Audit Committee
• Quality Assurance Reviews         
• Perform quality assurance reviews on selected audits in accordance with the Group Quality Assurance Standards

Minimum Requirements

• 3 years’ relevant degree / Diploma - Internal Audit
• 3 years Internal Audit experience
• Experience in performing Quality Assurance reviews and preparing Audit Committee or relevant reports will be an advantage.

Ref: JHB000296/LM

Vacancy Type: Permanent

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