Chief Audit Executive at Barloworld Limited

Role and Responsibilities

• Provide leadership and direction to the Internal Audit department and manage all internal audit activities.
• Set the strategy for Internal Audit in alignment with the Barloworld’s Group Finance priorities and business strategy.
• Provide leadership in the development of and effective implementation of audit plans, procedures and programs to evaluate the adequacy of the company’s internal control environment in line with Group Risk Based Internal Audit Plan.
• Support the accomplishment of strategic objectives and help ensure that established financial, operational and compliance practices, and the related controls, are designed and operating effectively.
• Reduce potential compliance violations, fines, and legal costs by ensuring that effective systems and controls are in place for risk and compliance management.
• Facilitate the monitoring of quality by both continuous and periodic, internal and external quality assurance initiatives and addresses performance gaps through monitored action plans.
• Drive performance and growth by delivering timely insights on emerging risks and opportunities.
• Develop and maintain strong relationships and communications with the Audit Committee and other stakeholders to ensure concerns are addressed and expectations met.
• Ensure appropriate metrics are in place to manage business risks and improve decision making.
• Monitor and innovate, as appropriate, accounting practices and strategies to optimize business performance and strengthen Barloworld’s competitive advantage through excellence in ensuring
• regulatory compliance, safeguarding the organisation and improving its systems of financial and operational controls.
• Keep abreast of regulatory and other developments to ensure that effective programs are in place for risk and compliance management.
•  Develops and maintains strong working relationship with external auditors to ensure effectiveness of service delivery and appropriate resolution of findings/issues identified.
•  Develop institutional think-tanks pertaining to internal audit with regard to Regularity, Performance, IT, Compliance, Quality Assurance to achieve the audit objectives.
• Foster a healthy work environment and promote a culture of high ethics and standards across the business with sound audit best practices governed by due diligence across the various divisions and business units.
• Establish auditing policies, programmes and procedures in line with IIA standards which enable Internal Audit to efficiently accomplish complete and factual reviews.
• Prepare the annual Group Chief Executive and group Finance Director written assessment on internal controls.

Knowledge

• Knowledge of specialised internal audit services such as IT audits, forensic audits and performances audits
• Depth of knowledge in generally accepted finance and accounting policies, principles and controls
• Depth of knowledge of accounting theory, auditing standards, procedures and related techniques.
•  Knowledge of auditing information systems and systems designs.
• Strong working knowledge of information technology and its implications for business commerce and managing and controlling business operations

Skills

•  Strong business acumen and service orientation
• Outstanding strategic planning and management skills
• Exceptional accounting skills, and knowledge of the business processes and systems necessary to execute work
• Ability to determine emerging risk management concepts and control models
•  History of consistently delivering business results
• Exposure to international complexities in accounting and finance business processes
• Demonstrated success leading senior professionals and developing a strong organization and workforce in a complex, service-intensive, deadline-driven environment

Experience

• Experience in a listed global company
•  A minimum 5 years’ experience at a senior managerial level obtained within governance, risk, compliance or auditing environment
•  Experience in a management role, leading a department
• Experience leading and managing large scale initiatives and managing associated change

Educational Requirements

• CA (SA)
• Certified Internal Auditor Certification (CIA)
• Membership of the Institute of Internal Auditors
•  Membership with good standing with the Institute of Internal Auditors South Africa (IIA SA)
• Certification in Risk Management Assurance (CRMA) will be an advantage

Additional Notes

Preference will be given to previously disadvantaged groups. Suitably qualified applicants are invited to submit their CV’s online on or before the 8 April 2020. Please note that if you have not heard from the HC department within 30 days of this advert closing, your application has unfortunately been unsuccessful.