Internal Auditor - Bidvest Bank

ABOUT THE POSITION

FINANCE

• Complete audit assignments within allocated time frames.

• Monitor and manage own timekeeping (for each engagement and the year) in line with board-approved budget.

• Monitor and manage direct report time (for each engagement and the year) keeping in line with the board-approved budget.

CUSTOMER CENTRICITY

Service Excellence

• Assist with managing and executing Audit Committee approved Internal Audit plan.

• Improve Internal Audit efficiency by (1) increasing the number of audits completed for the year; (2) reduce audit budgets per engagement; (3) reduce the timeline between performing the audit and issuing the audit report.

• Assist to implement and drive the new Internal Audit strategy to centralize and automate audit activities.

• Contribute ideas and improvements to existing audits and roll out the new audit strategy to centralize and automate audit activities.

• Innovate current audit procedures with the use of technology and data analytics.

• Data analytics to be incorporated into every audit.

• Obtaining a detailed understanding and knowledge of the areas being audited as part of planning activities and drive it as part of our planning process that all team members adopt this approach.

• Deliver quality services (consultation and value-add audits) to stakeholders.

• Provide timely solutions/feedback through interpretation of the business requirements of stakeholders.

• Increase turnaround time (reaction time) to stakeholder requests and provide support and assistance to stakeholders by going the extra mile.

• Increase volume of work delivered and the number of ad-hoc requests delivered.

• Develop effective working relationships with all stakeholders.

• Enhance the effectiveness and credibility of Internal Audit by explaining Management's roles and responsibilities to prevent and detect fraud.

• Monitor progress of audits, coach staff members continuously.

• Execute Internal Audit methodology and ensure compliance of team members to the methodology.

• Be involved with the audit process throughout and monitor audit quality in planning, execution, and reporting.

• Ensure all work is documented in quality audit files.

• Perform audit work and review working papers, report, and complete files promptly before reports are issued.

• Provide all stakeholders with regular feedback on the progress of assignments and audit findings.

• Provide all stakeholders with regular feedback on the progress of assignments and audits.

PEOPLE MANAGEMENT

• Support Managers, Senior Managers, and Head of Internal Audit to manage the team.

• Actively lead the team members to deliver quality and on-time audits and audit reports.

• Actively contribute to teamwork within the department.

• Forge and maintain quality interpersonal relationships.

• Take accountability for the achievement of operational objectives within your own area of control.

• Support and drive the core values of the organization and department.

• Maintain a positive attitude and drive.

• Respond openly to feedback.

• Promote harmony and teamwork.

• Promote the sharing of knowledge.

• Display willingness to help others and to be helped by others.

• Actively develop and coach team members.

OPERATIONAL EXCELLENCE

Risk Assessment

• Identify inherent risks that are relevant to the process under review and ensure that appropriate risks have been identified by team members that are relevant to the process under review.

• Perform adequate analytical risk assessment procedures to identify risks.

• Translate defined inherent risks into a documented format.

• Assess/evaluate defined risks in terms of potential impact and likelihood, to design an appropriate audit response (searching for appropriate key controls and developing appropriate control tests).

• Perform and/or review adequate analytical risk assessment procedures to identify risks.

Key Controls

• Ensure that the appropriate key controls have been identified to address the inherent risks for the processes under review.

• Conceptualize and/or assist to identify expected control activities that will address the identified inherent risks for the process under review.

• Identify and document key controls based on (i) the understanding of the process under review, and (ii) the risk assessment.

• Identify control gaps, i.e. where expected control activities or equivalents thereof cannot be matched to the actual controls that were identified and documented. Interpret key controls in terms of their properties, i.e. objective, frequency, response, and automation.

Audit files

• Open or ensure audit files are opened for each engagement promptly.

• Plan or ensure that all audits are appropriately planned before kick-off.

• Update or ensure that the audio files are updated by team members throughout the engagement.

• Document and review the audit working papers and file continuously.

• Ensure that the audit file is reviewed before the audit report is prepared.

Audit Reports

• Prepare and/or review audit reports promptly.

• Provide clear and factually correct observation statements including a detailed root-cause analysis that makes business sense. All observations are supported by appropriate (valid and sufficient) audit evidence.

• All observations are supported by appropriate (valid and sufficient) audit evidence.

• Appropriate assessment of the exposure/risk as a result of the errors/breakdowns reported upon under the observation statement.

LEARNING AND GROWTH

Training

• Attend training to maintain CPD for qualification.

• Actively coach, train and empower team members to create an understanding of skills and specialties.

• Promote training and development of yourself by attending personal development and job skills development training.

• Promote training and development of team members by motivating and assisting team members in attending personal development and job skills development training.

Desired Skills:

• Internal Audit

• Banking