Internal Auditor at Housing Development Agency (HDA)

Main Purpose:

• The Internal Auditor is responsible for assisting in the execution of internal audit engagements. The incumbent will be responsible for assisting in performing the entire audit process including planning, executing and reporting internal auditing activities. All audit work must conform to the International Standards for the Professional Practice of Internal Auditing.
• Assist the HDA in maintaining effective and efficient controls by evaluating the controls in place to mitigate risk and develop recommendations for enhanced improvement.

Key Performance Areas:

Internal Audit

• Plan, execute, and conclude financial, regulatory, compliance, or operational ad-hoc reviews or audits.
• Proactively assist in audit processes, practices, and documents to identify weaknesses.
• Identify areas of non-compliance and implement corrective action.
• Perform audit procedures to verify that controls are operating through monitoring and evaluating internal controls.
• Identify control gaps and opportunities for improvements.
• Offer consultative support on issues of governance, risk management, controls, and compliance within the HDA.
• Coordinate the activities of internal audit with other assurance providers.
• Implement of a quality assurance programme.
• Monitor the implementation of recommendations and action plans that management is required to effect.
• Perform all reasonable tasks given by the Chief Audit Executive.
• Conducting preliminary fraud assessments and coordinate forensic investigations with external parties.
• Assist with periodic reviews of the level of the Agency’s compliance with relevant laws/regulations and internal controls on irregular expenditure and monitoring thereof.

Risk Management

• Perform effective risk and control assessments periodically.
• Work with the Risk Manager to conduct risk assessments, analyse risks and assist with the enterprise risk management function.
• Work with risk and compliance to assist in risk management initiatives.
• Provide continuous support to Business Units on risk and internal control-related matters.
• Promote and institutionalize risk awareness culture and compliance in the organisation.
• Develop and track the fraud recommendation action plan to mitigate identified fraud risks of the HDA.

Governance

• Provide input into the development of the internal auditing policies and procedures.
• Contribute to the HDA’s initiatives aimed at eliminating waste, improving productivity, and reducing operating costs within the area of responsibility.
• Comply with all the mandatory guidelines with the professional practice of Internal Audit and all applicable legislative requirements within HDA including PFMA, Treasury Regulations, BAS, and DORA.
• Assist with training and awareness to improve the organisation’s control environment.

Reporting

• Prepare Internal Audit reports with recommendations to communicate audit results in line with the IIA standards.
• Prepare quarterly audit and risk reports for presentation and adoption by the EXCO, Risk and Audit Committee, and Board.
• Report internal audit reports.
• Report progress towards implementation of audit-finding recommendations and action plans

Qualifications and Experience

• Relevant qualifications in Internal Auditing /Accounting / Risk management related qualification. ·
• A minimum of 3-5 years’ experience in Internal Auditing. ·
• Experience in PFMA Public Entities. ·
• Professional membership with Institute of Internal Auditors. ·
• Any of the following professional certifications: Certified Internal Auditor (CIA) / Professional Internal Auditor (PIA) / Internal Audit Technician (IAT) / Certified Information System Auditor (CISA), Certified Fraud Examiner (CEF) / Completion of Articles.