Company:
FirstRand Corporate Centre
Industry: Banking / Financial Services
Deadline: Not specified
Job Type: Full Time
Location: Gauteng
State: Johannesburg
Field: Finance / Accounting / Audit
Job Description
- Responsible for auditing of the governance, financial, business and operational processes at divisional and business unit level within the FirstRand Group
- Identify development needs and address these through training and continuous professional development.
- Proactively seek and embrace formal and informal peer coaching opportunities.
- Execute the audit assignment within the agreed budget and timelines.
- Ensure the constant delivery of superb value and a ‘memorable’ customer experience.
- Establish and maintain collaborative partnerships and a wide relationship network across business units and within Internal Audit.
- Respond to client needs and queries professionally and within agreed turn-around times.
- Communicate professionally in all communication forms. Listens actively to others.
- Negotiate with management as appropriate in order to ensure key findings and follow up actions are agreed upon.
- Obtain a good understanding of the control environment being audited (including information technology, internal financial control and risk management related aspects), and the interdependencies linked to this.
- Plan audit assignments based on key process and business risks identified and design the audit program in line with risks and key controls to be tested.
- Incorporate data analytics (DA) to enhance audit planning and create efficiencies in audit fieldwork.
- Execute audit field work in compliance with quality standards by following and completing prepared work programs. Assess the adequacy and effectiveness of governance, risk management practices and internal controls.
- Provide clear and sufficient audit evidence to support recommendations and audit opinion.
- Express an opinion based on the results of the work performed.
- Identify opportunities to improve internal controls, including internal financial controls.
- Identify and clearly articulate the root cause of issues identified and impact thereof and recommend changes to business processes that will address the control weaknesses.
- Prepare a quality and balanced audit report to specified standards, encapsulating the control weaknesses identified and results of audit work performed, with minimal editorial changes.
- Incorporate fundamental principles, key issues and control themes emanating from other functional areas and assurance providers to ensure relevant and appropriate audit findings.
- Assist the Head of Internal Audit / Senior Audit Manager / Audit Manager with other operational and reporting activities as required.
- Identify opportunities for innovation in audit as well as client processes and develop practical solutions to implement innovative practices.
- Effective communication with the audit team, audit management and key stakeholders.
- Is aware of the resources available and is able to utilise them to best effect with guidance from senior audit staff.
- Keep abreast of emerging industry standards, best practices, industry challenges, upcoming legislation, operational requirements and technology changes related to the internal audit environment.
- Participate in internal departmental work and key standing tasks such as Board, Risk and Audit Committee reporting, as requested.