A leading international bank with over 50 years of consistent growth globally is looking for a Head of Internal Audit. In South Africa, they operate several branches nationally with their Head Office positioned in Umhlanga, Durban, KZN. An exceptional opportunity awaits a dynamic individual who will essentially beresponsible for overseeing internal audit management and ensuring compliance with regulations, internal policies and group requirements. Duties and Responsibilities: To conduct a comprehensive risk assessment of the Bank on an annual basis; to formalise a risk based audit plan, for approval by the audit committee. To execute and report progress on the approved annual audit plan. To provide direction & guidance to the audit team to improve workflows, for quality & operational efficiency, and to meet the assigned Turn-around-Time (TATs) at all times. To ensure a productive team environment to promote coordination, continuous learning and mutual growth at all times. To maintain effective relationships with co-sourced auditors, external auditors and regulators, and provide assistance as necessary. To liaise on a regular basis, with the Management Committees of the Bank, for ensuring compliance to audit exceptions. To directly report to the Board Audit Committee to provide regular updates on all audits, reports, issues, remediation actions and special focus engagements. To keep a close liaison with the Head of Group Internal Audit and updating where required on emerging risk/control/fraud/ regulatory/external audit related matters. To ensure quality and effectiveness of the audit performance through a formal Quality Assurance and Improvement Program («QAIP»), including internal and external assessments as per IIA Standards. To issue and update, whenever required, the IA Guidelines concerning the operations of IA. The following minimum requirements must be met to be considered for this position: At least 10 years of relevant audit experience in the banking industry, with at least 3 years of experience working at management level. Strong understanding of statutory and regulatory requirements along with local business & economic conditions, particularly within the banking sector. Highly positive, focused & composed decision maker. Excellent in team & people management. Must be able to work under pressure whilst retaining the essence of good interpersonal skills and strictly adhering to the deadlines. The salary will be commensurate with the candidate's credentials. 24 days of annual leave per annum Provident Fund Medical Aid 13th Cheque Skills Job Description Head of Internal Audit A leading international bank with over 50 years of consistent growth globally is looking for a Head of Internal Audit. In South Africa, they operate several branches nationally with their Head Office positioned in Umhlanga, Durban, KZN. An exceptional opportunity awaits a dynamic individual who will essentially beresponsible for overseeing internal audit management and ensuring compliance with regulations, internal policies and group requirements. Duties and Responsibilities: To conduct a comprehensive risk assessment of the Bank on an annual basis; to formalise a risk based audit plan, for approval by the audit committee. To execute and report progress on the approved annual audit plan. To provide direction & guidance to the audit team to improve workflows, for quality & operational efficiency, and to meet the assigned Turn-around-Time (TATs) at all times. To ensure a productive team environment to promote coordination, continuous learning and mutual growth at all times. To maintain effective relationships with co-sourced auditors, external auditors and regulators, and provide assistance as necessary. To liaise on a regular basis, with the Management Committees of the Bank, for ensuring compliance to audit exceptions. To directly report to the Board Audit Committee to provide regular updates on all audits, reports, issues, remediation actions and special focus engagements. To keep a close liaison with the Head of Group Internal Audit and updating where required on emerging risk/control/fraud/ regulatory/external audit related matters. To ensure quality and effectiveness of the audit performance through a formal Quality Assurance and Improvement Program («QAIP»), including internal and external assessments as per IIA Standards. To issue and update, whenever required, the IA Guidelines concerning the operations of IA. The following minimum requirements must be met to be considered for this position: CA/CIA/CPA qualification At least 10 years of relevant audit experience in the banking industry, with at least 3 years of experience working at management level. Strong understanding of statutory and regulatory requirements along with local business & economic conditions, particularly within the banking sector. Highly positive, focused & composed decision maker. Excellent in team & people management. Must be able to work under pressure whilst retaining the essence of good interpersonal skills and strictly adhering to the deadlines. Salary The salary will be commensurate with the candidate's credentials. Benefits 24 days of annual leave per annum Provident Fund Medical Aid 13th Cheque Skills Risk Assessment, Quality Assurance, Interpersonal Skill, Compliance, Banking, Workflow, Excel, People Management, Productive, Strong Understanding, Interpersonal Skills Apply for this Job #J-18808-Ljbffr
