Internal Audit Manager

SUMMARY:
Evaluate and improve the effectiveness of the risk management, system of controls and governance processes within the company.

POSITION INFO:

Job Responsibilities

Lead the internal audit team in carrying out the following responsibilities:

• Develop and execute a risk based audit plan.
• Conduct audits and reviews of LionLife’s activities, systems and processes.
• Evaluate whether risks within the organization is appropriately managed.
• Evaluate whether internal controls are effective in mitigating the identified risks.
• Provide consulting services to the different business units in improving their operations.
• Ensure that audit findings are communicated to the auditee management in a timely, effective and professional manner.
• Ensure that appropriate action plans are developed and implemented to address issues identified during the audits.
• Monitor the implementation of the identified action plans.
• Report to the audit committee at each scheduled audit comittee meetings on the function’s activities, findings and recommendations.
• Conduct follow up reviews to ensure identified issues are resolved.

• Coordinate and cooperate with external auditors, the compliance function and other assurance providers.
• Manage/lead the internal audit team.

Qualifications

• CA(SA) or Certified Internal Auditor (SA) (non-negotiable)
• IT Risk and audit certification (Desirable)
• Risk management certification (Desirable)
• Risk modelling (Desirable)

Job related knowledge

• Advanced knowledge of the International Standards for the Professional Practice of Internal Auditing and the Code of Ethics of the Institute of Internal Auditors South Africa (IIA SA).
• Knowledge of IFRS.
• Knowledge of the statutory environment of an insurance company. (Desirable)
• Knowledge of King IV and other governance principles.
• Knowledge of Risk Management.
• Understanding of IT risk, best practice governance processes and controls.
• Knowledge of data management frameworks.
• Ability to analyze big data.

Job related skills

• Ability to be hands-on and manage a lean internal audit team. (non-negotiable as this is not a coordination role, it requires hands on work)

• Ability to work under pressure and meet tight deadlines.
• Analytical and problem-solving skills.
• Awareness of internal assurance best practice.
• High attention to detail.
• Professionalism, empathy, influencing, and interpersonal skills, combined with clear written / verbal communications.
• Proficiency in the MS Office Suite with emphasis on advanced Excel skills.
• Adaptability and flexibility to respond to unfamiliar tasks and changing needs, priorities, direction and timing.
• Travel within South Africa is required at least twice a year.

Job Experience

• 3 – 5 years in audit, minimum 3 of which is in internal audit.
• Experience in leading/managing an internal audit team.
• Experience across a broad range of audit areas including operations and financial audits.
• Experience in IT audit. (Desirable)
• Experience in insurance company audit. (Desirable)