Our client has a dedicated global in-house Internal Audit function responsible for performing all internal audit reviews throughout their business. The primary role of Internal Audit is to provide the Boards and Executive Management with independent (objective and impartial) Assurance as well as advisory services designed to add value and improve operations to accomplish its objectives. Internal Audit does this by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, and governance processes, and to report on the integrity of the controls within the business.The team consists of four senior Internal Audit Managers, all reporting to the Head of Internal Audit. The Head of Internal Audit, as well as two of the senior Internal Audit Team members, are located in Cape Town, with the other two senior Internal Audit Team members located in London.Responsibilities:Build and maintain good relationships with the business and key stakeholders by engendering trust and co-operation with the business, as a business partner, without losing the independence of the 3rd Line of Defence, is a key attributeHave a thorough understanding and application of our client's Internal Audit methodologyResponsible for planning reviews and determining the risks, controls and testing strategy in line with the Internal Audit methodologyPerform detailed walk-throughs for the areas assigned for each reviewResponsible for drafting the Terms of ReferencePerform audit testing as outlined in the testing strategyIdentify risks/weaknesses/issues and close out the risks/weaknesses/issues with relevant line managementEscalate material risks/issues, when identified, to the Head of Internal AuditDraft issues raised for inclusion in the reportSet up and close out the draft issues with line and senior managementFinalise reports with senior managementFollow up and close out of issues on implementationBe involved in 'High' risk regulatory change projects to ensure that potential issues are identified early and resolvedEscalate risks, issues within the Internal Audit team during team meetings or when it arisesShare knowledge and experiences with the teamStay abreast of changes in the market, products, legislation and regulation relevant to the areas covered (regulatory knowledge compulsory):Knowledge of industry trends and applicable regulation and guidance issued by regulatorsKnowledge of Accounting/Internal Audit StandardsShare knowledge of the market, products, legislation and regulation with the broader Internal Audit TeamRequirements:Qualified CA (SA) or CIAA minimum of 5years' experience in Internal or External Audit in a Financial Services environment. Preferably in an Asset Management EnvironmentKnowledge of Accounting, Internal Audit Standards and Risk Based Audit MethodologiesKnowledge and understanding of the Asset Management industry (including key developments and changes)Understanding and knowledge of an Asset Manager's business processes, products and regulations, as well as business risksMandatory professional qualifications and exams requiredBasic IT Internal Audit knowledge, skill and interest, will be an advantage, as well as a CISA qualification or studying towards a CISA qualificationExperience in auditing internal control assurance reports, such as the AAF01/06, ISAE 3402, SOC, or equivalent report, will be an advantageSome of the attributes we look for in a person are:The ability to build and maintain meaningful relationshipsA strong belief in doing the right thingA client focused and collaborative approachHigh conviction and be comfortable sharing opinions
