Assurance - Africa Audit Risk Management at BroadReach

Job description

Main Purpose of Job

This is a multi-dimensional role with a number of focus areas including risk process and integration, risk management, quality management, compliance management as well as analytics and reporting.

Qualification

• Relevant tertiary qualification
• Desired Qualifications – Commercial or Business qualification

Minimum Experience

• Hands-on risk management experience and a good understanding of risk management in a professional services environment and the application of risk management methodologies.
• Experience in compliance management.
• Quality management experience in a professional services environment.
• Working experience in enterprise risk management, contract management and legal risk management in a corporate environment.
• Project management experience would be useful
• High computer literacy, with solid working experience in Microsoft Office.

Desired Experience

Experience in working in a Deloitte Risk Management or Deloitte Audit environment would be an advantage.

What you’ll do / Specialized Competencies

• The Africa Audit Risk Management (AARM) team creates and protects value for the Deloitte Africa Audit Practice by proactively managing both current and emerging risk arising from our industry, regulatory policy and compliance, the markets in which our clients operate and our client portfolio.
• Risk Intelligence forms a critical part of this strategy, to produce information and reporting that enables appropriate decision-making.
• Working across the Deloitte Africa Audit business, assisting in the establishment and continuous improvement of risk management processes for the business, as well as implementing and operating effective risk and compliance management processes. The role is also focused on analysing and reporting on risk- and quality-related data across the Africa Audit business.

Key Performance areas

• Deal Review Board
• Designing and implementing effective deal review board processes for the monitoring and management of client acceptance and continuance based on defined criteria.
• Working with engagement teams during the Deal Review Board process.
• Ensuring effective execution of and compliance with Deal Review Board processes.
• Risk analysis and reporting of status of Deal Review Board to stakeholders.
• Compliance Management – client acceptance and continuance
• Managing business risk through driving compliance to firm risk management policies and procedures, whilst achieving an appropriate balance between risk and control.
• Designing and implementing effective processes for the monitoring and management of compliance with the firm risk and quality management processes in the business.
• Review of all documentation related to greater and much greater than normal clients, including reporting.
• Conducting review procedures in the business to identify potential areas of non-compliance to Deloitte firm policies and processes.
• Working with business leaders and risk officers / champions to find ways of achieving higher levels of compliance.
• Leading various ad hoc projects across the business related to client acceptance and continuance processes and activities.
• Operating effectively within the broader firm compliance network, aimed at ensuring compliance with broader regulatory and legislative requirements.
• Managing the Global Audit Acceptance Continuance program.
• Business Risk & Quality Management Process Support
• Ensuring effective execution of and compliance with risk & quality management processes in the business, and driving ad hoc risk & quality management initiatives in the business.
• Identification of operational risks and inefficiencies, and recommendation of practical business improvements to address these.
• Risk analysis and reporting the monthly status of risk management to stakeholders
• Portfolio Risk Management
• Working closely with the Regulatory Compliance Senior Manager on client / engagement acceptance testing.
• Working closely with the Regulatory Compliance Senior Manager to execute an effective project review programme in the business to ensure proactive client acceptance and continuance mitigation.
• Risk Intelligence Analysis and Reporting
• Maintaining a repository of risk-related information, which is sourced from various teams/systems across the Africa Audit business.
• Analysing the risk information and producing reporting both within Audit, and at an Africa and Global level.

Service and Product Risk Management

• Phoenix and DRMS representative, including attendance of operational meetings and business forums, addressing shortcomings in the system.
• Vault representative, including attendance of operational meetings and business forums, addressing shortcomings in the system, providing input for system updates and improvements and testing system updates and improvements.
• Deep understanding of the different service and product offerings in the business, and their inherent risks, including impacts of Companies Act South Africa Section (90)(2) and working with the RIL and Risk Management team on responses to these offerings.
• Working closely with the Service Area risk managers to classify, evaluate, and monitor risks, and implementing mitigations for the risks identified – both at an organisational and project/product level.

Contract Management

• Maintains, monitors and revises audit related activities aligned to the Contract Management Solution (VAULT) including audit related engagement letters and terms and conditions templates.
• Manage continued communications and learning requirements.
• Incident Response
• Assist with incident responses
• Maintain incident register