Audit Manager: Life & Investments at Old Mutual

Job Description

The role has overall responsibility for the delivery of audits within the Asset Management portfolios and certain Life portfolios across Old Mutual Limited (OML).
The role is responsible for the management of the audit teams (including people/service provider management) and delivery of the audit plan, including annual audit planning, updating the audit universe, execution of audits and preparation of audit reports. This role will support the Audit Lead/s for the Life & Investments portfolio in executing on audits and managing stakeholder relationships.

Delivery of Services

• Contribute to the development of the portfolio/s audit plan

• Responsible for the update and maintenance of the audit universe and identification of emerging risks;

• Execute and deliver the audit plan and management requests timeously;

• Contribute towards and provide updates on the Combined Assurance Plans for the relevant portfolios;

• Ensure audits are conducted as per the GIA Methodology and that the quality and performance standards are maintained at all times;

• Timely delivery of impactful audit reports with well thought out management actions and due dates;

• Facilitate the agreement of audit findings and ratings with the relevant stakeholders;

• Analyse root causes of issues identified and make recommendations to management to improve the control environment accordingly as necessary;

• Facilitate the integrated audit approach where necessary, such as use of IT and DAS; and

• Timely execution of the issues assurance plan per portfolio and within quality standards.

Customer

• Develop and maintain effective relationships with auditees;

• Ensure open communication with other audit teams, especially for integrated audits; and

• Support the Audit Lead/s in managing stakeholder engagement and relationships across the relevant portfolio/s.

Operations

• Support the Audit Lead/s in managing functional resource planning and integration, including the use of specialist consultants;

• Support the Audit Lead/s to manage the portfolio/s GIA stats process and monthly reporting process by engaging line 1 and line 2; and

• Comply with IIA Code of Ethics and GIA Policies and Procedures.

People

• Support the Audit Lead to manage the audit team, including specialist resources.

Experience

• Minimum 5 to 7 years’ experience in auditing and / or risk management (ERM)

• Good background in the financial services / insurance industry and investments, preferably in blue chip/global companies

  • Detailed understanding of the investment management environment – front, middle and back office

  • Good knowledge of asset management capabilities – fixed income, unit trusts, equities, alternatives, multi-asset, property, DFM etc.

  • Knowledge of retail and institutional business within life and investments

  • Knowledge of SA life and pensions products and industry

  • Knowledge of the regulatory environment for life and asset management

  • Good understanding of the cell captive business in the insurance industry

• Minimum 3 to 5 years’ experience in managing multiple teams and assignments

• Experience of client relationship management at senior levels

Skills

Education

Certified Internal Auditor (CIA), Chartered Accountant, Chartered Financial Analyst (CFA)(Foreign Qualification)

Closing Date

16 September 2021