Internal Audit Manager: Group Internal Audit - Sandton at Sanlam Group

What will you do?

The Internal Audit Manager will report to the Head of Audit: Sanlam Life and Savings. The core duties of the Internal Audit Manager will be:

• Assisting with the management of the Internal Audit operations for the Sanlam Retail Mass (SRM) Cluster.
• Audit planning – Align the audit effort with the strategy, objectives, and emerging risks of their business:
  • Perform overall risk analysis of the business.
  • Design an overall audit plan that is aligned with the risk profile and strategic objectives of the business.
  • Negotiate and contract the annual audit plan and budget with senior management and the audit committee.
  • Regular communication to the EXCO members.
  • Understand sources and trends in profits and profit drivers influencing it.
• Execution of the annual audit plan and developing audit plans for new clients.
  • Staff scheduling
  • Guidance on risk and control analysis
  • Approve audit programmes.
  • General quality assurance on audit assignments
  • Guidance during the performance of ad-hoc audit requests.
  • Provide guidance as to the practical implementation of the methodology.
  • Integration with external audit requirements.
• Communication and reporting
  • Rating of audit observations and obtain management comments on audit observations.
  • Drafting, issuing, and discussing management letters 
  • Drafting of Financial and Risk Committee audit reports and attendance of these Committees
  • Timely communication with senior management of changes to audit plans as well as significant audit observations.
  • Follow-up previous audit observations
  • Overall conclusion on control environments
  • Highlight significant issues.
• Client and Assurance relationships and networking
  • Regular discussions with senior management regarding focus areas, progress with strategies and emerging and existing risks.
  • Liaise with external auditors, risk management, forensics, and compliance to ensure assurance provision is optimised for the client.
• Staff management
  • Skills development and coaching
  • Staff management (performance evaluations, training & development, etc.)
  • Provide input methodology and other best practices by performing the necessary research and maintaining/obtaining topical knowledge.
  • Focussed team meetings.
  • Creation of a learning culture
  • Achievement of employment equity targets
  • Effective successor planning
• Departmental initiatives
  • Targets achieved.
• Research and innovation
  • To be contracted on a yearly basis.

Qualification and Experience

• A completed B. Com degree in Accounting / Financial Accounting / Management Accounting or equivalent degree or Diploma in Internal Auditing or Chartered Accountant (CA)
• Full understanding of all IIA Standards and Implementation Guidance 
• Knowledge on how to perform a CAR and how to draft an audit programme.
• Chartered Accountant (CA) + 3 years post articles experience in auditing
• 7 Years audit experience of which 3 years on a supervisory (manager) level 
• Minimum of 3 years of internal/ external audit experience in Financial Services

Knowledge and Skills

• Ability to draft Audit Committee reports and to present at an Audit Committee.
• Appropriate knowledge of Financial Services 
• Understand the role of control models.
• Understanding of sampling
• Understanding of the appropriate Corporate Governance Codes and recommendations as it specifically relates to internal audit and risk management.
• Ability to effectively use the basic functionality of the technology commonly used.
• Understand the objectives and basic process flow of major business processes.
• Understanding of staff management practices.