Internal Audit Specialist: Actuarial, Financial & Investments (JG12) at GO Finance Co Ltd

Job description

Position Details

Sanlam is a leading financial services group, originally established as a life insurance company in 1918. The Sanlam Group conducts its business through Sanlam Limited, the corporate head office and four business clusters. The corporate head office is responsible for the Groups’ centralised functions such as strategic direction, financial and risk management, marketing and communications, Group human resources and corporate social investment (CSI). The four business cluster include; Sanlam Personal Finance, Sanlam Investments, Sanlam Emerging Markets and Santam.

Position Description Key Responsibilities

The Internal Audit Specialist will report into the Actuarial, Financial and Investment Audit team structure. The core duties of the Internal Audit Specialist will be:

• Client Relationship Management (including attendance of various operational meetings)
• Identification of risks in the Financial Reporting and Investment areas of the Sanlam Group
• Developing and executing audit approaches around key financial and investment risks with the aim of testing the adequacy and effectiveness of controls.
• Supervisory Role:
• Plan and oversee the execution of audit risk assessments and tests, including directing junior staff
• Assist with performing “on-the-job” quality assurance (including file review)
• Provide input into the annual audit plan of the business
• Transfer of knowledge to internal auditors and senior internal auditors in the Actuarial, Financial and Investments team
• Perform ad hoc management requests/ projects
• Provide Assistance to Internal Audit Management:
• Provide input to performance evaluations and staff development of internal auditors and senior internal auditors
• Provide input to strategy execution
• External Audit relationship management
• Assist with file review of CER’s
• Reporting:
• Writing of audit observations;
• Rating of audit observations and obtain management comments on Priority 1 and 2 audit observations; and
• Drafting, issuing and discussing management letters.
• Development of junior staff.

Minimum Requirements

Qualification

Chartered Accountant (CA) SA

Experience :

• Minimum of 5 years of internal audit experience in Actuarial/Financial Reporting/Investment Management/Investment Administration of which 2 years have been on a supervisory level.

Knowledge

• Understanding of IFRS and IFRS developments.
• Understanding of financial reporting processes and procedures.
• Understanding of investment management businesses, risks, processes and controls.
• Understand all IIA standards and practice advisories as it relates to assignment execution.
• Ability to effectively use the basic functionality of the technology commonly used.
• Detailed knowledge on how to perform a Control Adequacy Review and how to draw up an audit programme for Investment processes.

Additional requirement :

The position does entail some travelling.

Competencies

• Above average Communication Skills both Verbal and Written in English
• Building/Maintaining Relationships
• Ability to write professional and value adding reports
• Decision Making
• Analytical Thinking
• Teamwork
• Planning and Organising
• Taking Accountability
• Innovative Thinking
• Influencing/Gaining Commitment
• Professionalism
• Composure and PersistenceAdaptability
• Promoting excellence and commitment towards Employment Equity