- To lead and execute comprehensive audits of the FS systems, infrastructure, and processes to assess compliance, identify risks, and provide recommendations for improvement
- To inculcate a stakeholder model to collaborate with FS stakeholders to deepens understanding of and respond to business needs
- To stay abreast of industry (Banking, Credit, Retail) and best practices to maintain relevance of the function's audit response. Job Advert Details Job CategoryFinance Job Objectives
- Collaborate with the Group Internal Audit Executive to develop and implement the Group Internal Audit (GIA) Financial Services (FS) audit strategy aligned with the Shoprite Group's objectives, top risks, and business initiatives.
- Ensure timely and efficient planning and execution of the Annual Audit Plan approved by the Audit and Risk Committee (ARC)
- Support the reporting on the overall effectiveness of the governance, risk, and internal control framework of the Group
- Apply judgement to provide an overall audit opinion on the system of internal financial controls as it relates to the impacted compliance risks.
- Analyse and interpret audit outcomes to provide valuable insights and recommendations for improvement.
- Provide valuable insights from the outcomes of internal audit work to stakeholders.
• Facilitate Risk and Control workshops with the - Auditees to enhance understanding and collaboration.
- Develop and maintain relationships with business and key stakeholders to ensure robustness and completeness of audit coverage and contribute at an insight generator/trusted advisor to business to enhance assurance provided of the control environment.
- Contribute to the development of a 12-month rolling audit plan using a risk-based methodology, taking into consideration specific business strategic focus areas, regulatory requirements pertaining to internal audit, as well as including any risks or control concerns identified by management and the ARC.
- Implement a robust process to follow-up agreed management actions to control weaknesses/deficiencies identified by audit reviews.
- Maintain an open and constructive relationship with key executives, stakeholders as well as second line risk functions across the Group by providing value added services and sharing information regarding the compliance coverage plan.
- Contribute to the enhancement of audit methodologies and techniques; ensure due professional care in line with the requirements of the
- International Professional Practices Framework (IPPF) and ethical business practices
- Remain current with auditing best practice and applicable professional and industry matters. Qualifications
- Minimum of a Bachelor's Degree in Banking, Finance and Accountant or a related field Experience
- +7 years banking risk and or audit experience in Financial Services – and at least 3 years spent in a Senior Manager role
- Certified Internal Auditor (CIA) / Chartered Accountant (South Africa). Knowledge and Skills
Senior Auditor Manager Financial Services - Cape Town, South Africa - Shoprite
Description
Purpose of the Job
The purpose of the Senior Audit Manager – Financial Services is to assist the Group Internal Audit Executive in developing the Group Internal Audit (GIA) Financial Services (FS) audit strategy in line with the Shoprite Group's strategy, top risks, and business initiatives, thereby providing reasonable assurance to stakeholders that key risks are being mitigated through adequate and effective management controls in accordance with Group Internal Audit (GIA) methodology.
Analytical Thinking
Analyses numerical data and all other sources of information, to break them into component parts, patterns, and relationships; probes for further information or greater understanding of a problem; makes rational judgements from the available information and analysis; demonstrates an understanding of how one issue may be a part of a much larger system.
Communication Skill
Communicates effectively through well-structured, clear, and concise writing, avoiding unnecessary jargon and tailoring information to meet the needs of the intended audience. Articulates ideas fluently and clearly, confidently delivering presentations while responding adeptly to audience feedback and projecting credibility.
Planning and organising
Sets clearly defined objectives; plans activities and projects well in advance and takes account of possible changing circumstances; identifies and organises resources needed to accomplish tasks; manages time effectively; monitors performance against deadlines and milestones.
Leadership
Provides others with a clear direction; motivates and empowers others; recruits staff of a high calibre; provides staff with development opportunities and coaching; sets appropriate standards of behaviour.
Ethical Standards
Adhering to principles and values - Upholds ethics and values; demonstrates integrity; promotes and defends equal opportunities, builds diverse teams; encourages organisational and individual responsibility towards the community and the environment.
Coping with pressures and setbacks - Maintains a positive outlook at work; works productively in a pressurised environment; keeps emotions under control during difficult situations; handles criticism well and learns from it; balances the demands of a work life and a personal life.
Deciding and Initiating
Action Takes responsibility for actions, projects and people; takes initiative and works under own direction; initiates and generates activity and introduces changes into work processes; makes quick, clear decisions which may include tough choices or considered risks.