Head: Internal Audit Long Term Insurance at Liberty Group South Africa

Purpose

• To lead and review the audit process for multiple portfolio's and area of specialty in line with the Group Internal Audit strategy to provide independent and objective assurance and advice within a segment or area of expertise to ensure sustainable client centric management of risk across SBG

Minimum Qualifications and Experience

• Post Graduate Degree in Audit Required.
• Financial Services and Insurance Industry experience required.
• Solid Understanding of the Financial Services and Insurance regulatory Framework.
• 12 years proven experience in project/programme management, and leading multiple projects across the organization.
• Experience in building partnerships and engaging with multiple stakeholders at senior levels across the ecosystem.
• Experience in understanding IT controls and analysing complex sets of data to interpret, visualize and identify trends. Experience in leading large teams; Change management experience.

Key Responsibilities

Strategy

• Contribute to the development and implementation of GIA's strategy and operating model by applying insights from the SBG strategy and operating model, business unit strategy and operating model, products, services, client-base and competitive environment, industry and wider developments, regulatory environment, business developments and changes, operations, risk management practices and global assurance practices.
• Contribute to the development of clear and measurable GIA objectives. Implement the objectives across the team and individual team members and track individual and team performance.
• Assess, determine, develop and implement the capabilities required for the audit portfolio to achieve its objectives.
• Build and maintain effective relationships with senior management across business, functional and risk management areas to enable GIA's strategy and achievement of objectives.
• Assess and influence risk culture across SBG, through stakeholder engagement, contribution to governance forums, including the audit committee, and holding relevant stakeholders to account to drive the right risk culture.

Client

• Assess, identify and report on practices in the audit portfolio which negatively impact client experience and raise recommendations to improve client experience.           

Additional Key Responsibilities

License to Operate

• Understand and manage adherence to legislative and regulatory requirements on internal audit for the audit portfolio, incorporating all relevant jurisdictional requirements.
• Understand and manage adherence across the audit team to applicable internal policies, processes and procedures.
• Contribute to the development of and manage adherence to GIA methodology, policies and processes. Monitor developments in regulatory requirements, professional practices and industry standards to ensure requirements, practices and standards are addressed. Ensure the methodology, practices and processes address  GIA's mandate and enable highly effective outcomes and efficient practices.

Risk, Regulatory, Prudential & Compliance

• Lead and manage the development and maintenance of a risk-based, resourced, and relevant assurance plan for the audit portfolio.  Communicate to relevant audit portfolio stakeholders and governance committees, obtain approval from relevant legal entity committees, and feed into the GIA assurance plan for Audit Committee approval.
• Enable the completion of audit project reporting. Contribute with strategic and portfolio wide insights and drive accurate, risk-based, audit outcomes which lead to effective, efficient, sustainable and client centric management of risk.
• Enable and drive audit project closure within agreed timelines. Review and approve audit closure in accordance with GIA methodology.
• Report into portfolio governance committees providing collective audit outcomes and opinions, audit metrics, risk assessments, risk themes, risk insights and risk foresights on the portfolio. Engage across GIA to draw insights from other areas impacting the portfolio.

Additional Key Responsibilities Continued

Data

• Contribute to the development of GIA's data strategy. Implement the strategy across the portfolio.
• Drive training and awareness on the use of data and implement use cases across the portfolio to enable automated assurance
• Drive and manage compliance with GIA data management standards across the portfolio, incorporating data security and data integrity controls
• Drive and manage the effective use of GIA  data  for reporting to progressively develop GIA's impact on the risk and control environment.