Head Of Internal Audit at MMI Holdings

Job description

ROLE PURPOSE

Oversee the execution of MMI’s internal audit strategy and manage the relationship and service delivery of outsourced internal audit partners in support of MMI strategic objectives.

COMPETENCY DEFINITION

• Business Acumen
• Understands how the business operates, what the key issues and risks are that drives business success; and how they impact on the commercial viability of potential ventures and the profitability of the Group
• Collaboration
• Prioritises the business interests of MMI and invests in the success of the group by aligning effort across divisions.
• Customer/ Stakeholder Commitment
• Anticipates, meets and exceeds customers and stakeholders’ expectations by creating long lasting relationships that support the customer value proposition.
• Impact and Influence
• Persuades, convinces, influences and inspires others, both within the Group and externally to win support, loyalty and gain commitment to the purpose of the Group.
• Drive for Results
• Drive a sense of urgency, focus, accountability, agility and execution to deliver business results.
• Self-Awareness and Insight
• Manages self and relationships with others effectively, deals with ambiguity, uncertainty and pressure, and provides perspective in difficult situations.
• Leads Change and Innovation
• Challenge the status quo, does what is right for the business, and encourage continuous improvement and innovation.
• Diversity and Inclusiveness
• Is sensitive to individual and cultural differences and demonstrates humility and an openness to engage people from diverse backgrounds and cultures to the mutual benefit of all parties concerned.
• Motivating and Inspiring Team
• Creates and maintains an open, positive working environment by generating commitment, building trust, a shared sense of purpose, empowerment in others and encouraging them to contribute to the best of their ability.
• Growing Talent
• Actively mentors, coaches and develops talent, builds leadership bench strength for MMI by providing opportunities and experiences to develop skills, competencies and business knowledge
• Strategic Thinking
• Creates competitive and breakthrough strategies to drive short term profitability and long-term business growth and shareholder value.

MINIMUM QUALIFICATIONS & EXPERIENCE

• BCom Honours in Financial Management or Risk Management
• Registered chartered accountant with South African Institute of Chartered Accountants (preferred)
• Certified Financial Services Auditor (preferred)
• 5-7 years operational insurance/financial services business background with audit experience at a senior level
• 5 years senior management experience
• Exposure to IT systems, local and international auditing standards and risk practices, strategy formulation and execution.
• Experience in designing, implementing and reviewing corporate governance, risk management processes and internal control

OUTPUTS

• Manage the service delivery and execution of the internal audit plan
• (Internal Process)
• Contribute to the development of the internal audit strategy to ensure that the requirements of relevant business area is taken into consideration
• Contribute to the co-creation and development of the risk-based audit plan that is aligned with the business requirements and the outsource agreement.
• Provide strategic direction for scoping and planning integrated audits to optimise and enhance audits.
• Regularly engage with outsourced internal audit partners in order to monitor the execution of the internal audit plan.
• Drive the timeous execution of the audit plan in line with stakeholder expectations.
• Build and maintain effective business relationships with relevant stakeholder in order to manage service delivery in line with business expectations and requirements.
• Review and sign off audit findings and ensure meaningful recommendations are made to improve business controls, policies or processes.
• Provide feedback and insights to business stakeholders regarding the implications of internal audit findings
• Review relevant audit reports to the various Audit Committees
• Monitor and measure the outsourced internal audit partner performance against the Service Level Agreement to ensure agreed standards are upheld.
• Provide outsourced internal audit partner with feedback regarding the quality of work and service delivery.
• Engage with stakeholders to ensure client centricity
• (Client Services)
• Provide authoritative, expertise and advice in respect of processes to segment and channel stakeholders.
• Build and maintain relationships with internal and external stakeholders
• Contribute to the process of negotiating objective and realistic service level agreements, monitor appropriateness and recommend adjustments
• Deliver on service level agreements made with clients and internal and external stakeholders in order to ensure that client expectations are managed
• Make recommendations to improve client service and fair treatment of clients within area of responsibility
• Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service
• Self-management and teamwork
• (People)
• Build strong relationships through providing specialist know-how and leadership to others, expressing positive expectations.
• Continuously develop own expertise in terms of industry and subject matter development and application thereof in an area of specialisation.
• Positively influence and manage change and offer specialist support where required.
• Contribute to continuous innovation through the development, sharing and implementation of new ideas and involvement of colleagues and staff.
• Participate and contribute to a culture of work centric thinking, productivity, service delivery and quality management.
• Take ownership for driving career development
• Manage budget and implement sound financial controls
• (Finance)
• Compile and control budgets to minimise expenditure in alignment with tactical delivery plans.
• Control the budget for area, including the authorisation of expenditures and implementation of financial regulations.
• Manage high risk and problematic financial issues in area of accountability and contribute to the development of policy.
• Plan and implement a cycle of medium term improvements to drive pricing of services and products.
• Implement and manage financial risk methodologies, techniques and systems and use to monitor and report on financial activities.
• Investigate reported wilful acts of non-compliance to organisation policy and practice and report on findings.

Should you not hear from us within 2 weeks of application, please note that your application has been unsuccessful.