Michael Molefe

Internal Audit Manager

Job Title:

Internal Audit Manager

Division:

Office of the CEO

Position Type:

Permanent Position

Reports To:

The role reports to the Chief Executive Officer.

Required Minimum Qualifications

  • A Bachelor of Commerce in internal auditing or an equivalent auditing qualification

Required years of related experience:

At least 5 years’ experience in an internal audit position
Proven Management Experience

Minimum Requirements

  • Develop and implement the Internal Audit Charter
  • Develop, Maintain and Implement a Risk-Based Internal Audit Plan
  • Corporate Governance and Reporting
  • Regulatory Audits

Location

Elias Motsoaledi Street Extension R104,

Pelindaba Brits, Magisterial District,

Madibeng Municipality North West Province, 0240

Job Description

The Internal Audit Manager will provide the internal audit function at NRWDI.

Key Areas of Responsibility

  • Develop and implement an approved audit charter for NRWDI and ensure that it is aligned with best practice and the NRWDI business strategy.
  • Develop, update and maintain internal audit policies and procedures ensuring it is in-line with best practice.
  • Outline the responsibilities and roles of NRWDI management in internal audit processes.
  • Review internal audit practices and continuously update the internal audit charter.
  • Prepare an annual internal audit plan for operational audits, financial audits, information systems audits, performance audits, governance, risk and compliance (GRC) audits and special assignments.
  • Monitor the adherence to the internal audit plan taking into account high risk areas and strategic risk assessments.
  • Ensure that approval from the Audit and Risk Committee of the NRWDI Board is granted for the internal audit plan and implementation strategy.
  • Ensure that internal audits are completed according to the approved plan and in line with relevant policy and procedures, and that findings and recommendations are documented.
  • Oversee the close out of the internal audit engagement/s and ensure findings are reported.
  • Provide feedback on findings and recommendations to the relevant stakeholders.
  • Partake in the steering committees of internal audit engagements and provide expert advice and knowledge to relevant stakeholders.
  • Evaluate the adequacy of internal audit engagements and related controls and identify process improvement opportunities.
  • Update internal audit methodologies where required.
  • Develop an annual internal audit report and obtain the required approval.
  • Develop a report highlighting and assessing governance issues, risk findings, compliance findings, and management controls.
  • Conduct a fraud risk assessment.
  • Develop and maintain a quality assurance program and report the results to the required stakeholders.
  • Ensure that NRWDI’s internal Audit activities conform to the Institute of Internal Auditors guidelines.
  • Oversee the external audit engagements conducted by the AGSA
  • Ensure that all matters of the AGSA management letter are addressed
  • Monitor and manage the AGSA audit findings register

Knowledge, Skills & Attributes

Required Skills, Knowledge and Attributes:

 Skills:

  • Leadership / management skills (strategic management, change management, people management, planning and organising, risk management);
  • Analytical skills (analysing complex information, concepts and ideas, applying theoretical and conceptual knowledge, dealing with ambiguity, creativity and innovation);
  • Communication skills (active listening, effective writing, presenting, providing feedback, mentoring, coaching, mediating, negotiating);
  • Business skills (project management, financial management, performance management and development, problem-solving, decision-making);
  • Effective interpersonal skills;
  • Computer literacy.

Knowledge:

  • In-depth knowledge of audit procedures including planning, testing and sampling methods
  • Very good knowledge of auditing standards and auditing techniques and practices
  • In-depth knowledge of Accounting Standards, PFMA, Treasury Regulations and Public Sector laws and policies
  • In-depth knowledge of the NRWDI Act
  • Report writing
  • Presentation skills specifically to Board and Board sub-committees

Attributes:

  • Initiative
  • Self-starter
  • Solution-oriented
  • Flexibility
  • Concern for quality and order
  • Information seeking
  • Results focused and professionalism
  • Organisational commitment
  • Integrity
  • Customer focus