Bayport Financial Services Current Job Opportunity – Apply Now!

Posted on :

25 Oct, 2021

Category :

Finance Jobs in South Africa

To draft and execute the 3-years and annual internal audit plan, prepare the internal audit budget for approval and managing the budget month-on-month (variance report and forecasts), manage and conduct operational, financial, and compliance audit projects; complete audit projects in accordance with the Group Internal Audit Methodology and in line with the Institute of Internal Audit (IIA) Standards. Provide consulting services to organisational management and staff in accordance with the internal audit plan or upon request by management on an ad hoc basis; and provide training, coaching, and supervision to internal audit staff, as needed, draft and present internal audit reports to management, the subsidiary/associate Audit, Risk and Compliance Committee and Group Audit, Risk and Compliance Committee. Conduct performance reviews and document Individual Development Plans (IDPs) for direct reports. Draft action plans to address customer survey feedback responses to improve and develop areas identified in coordination with the Chief Audit Executive. Coordinate interactions with other subsidiary/associate assurance providers in consultation with the Chief Audit Executive to limit duplication of effort and synchronise work deliverables. Interaction and reviews of assurance functions in support of combined assurance objectives and mandate. Attend Audit, Risk and Compliance Committee meetings as an invitee to present feedback and attend other relevant forums/committees as observer to ensure understanding of the business and sourcing input into the annual audit plan, e.g. Enterprise Risk Committee, IT EXCO, Credit Committee, Management Committees, etc.





Job Title: Head of Internal Audit : 4 Bayport Operations
Location: Sandton, Gauteng, South Africa
Reference #: BAYR061
Contract Type: Permanent
Salary: Market Related

Job Summary:
o To enhance and protect organisational value by providing risk-based and objective assurance, advice and insight
o Deliver Internal Audit projects (per 3 year rolling plan, broken down into annual plans) that are designed to evaluate system of internal controls, risk management and governance procedures in place to assist achievement of strategic objectives and goals
o Add value by assisting the organisation improve its operations through practical, feasible audit recommendations and consultation

o Deliver the annual audit plans for SA, BT, GH and MZ operations (plan and perform work by organising time, responsibilities and productivity within set standards and provide assistance to team members as required)
o Assist with resource planning, project planning and execution of Group-level audits and work for the TRAFICC entity
o Building vibrant teams; development of staff through coaching and training (Staff retention, performance evaluation; monitoring, training needs identification; on-the-job coaching)
o Preparing and presenting Internal Audit reports/packs and attendance of delegated forums on behalf of the CAE/Internal Audit (SA, BT, GH and MZ)
o Exceptional level of understanding of governance, risk, compliance and internal auditing principles as well as specialist areas such as AML and interpretation of regulated requirements
o Complying; applying and living the Standards and Code of Ethics of the International Institute of Internal Auditors as well as relevant organisational policies
o Zero-tolerance for inadequate standards of communications and preparation for any interactions with business to achieve stakeholder communication expectations
o Successfully resolving queries and conflicts inside and outside the department and building strong relationships with senior management in business with a positive impact on the department
o Delivering high quality and valid output on all project assignments

o Building sustainable relationships with auditees/auditee representatives (including key stakeholders within the business)
o Interaction and co-ordination with other assurance providers results in efficiencies, reliance and strong relationships to assist in achieving overall departmental objectives in a cohesive manner
o Become a champion for client service quality and delivery while building strong sustainable relationships with management with a positive impact on the department
o Maintenance of professionalism and confidentiality in all interactions with the business
Formal and more detailed KPAs contracting will be done with the candidate once on-boarded.

o Matric or NQF Level 4 equivalent
o An applicable Honours degree (i.e. BCom Hons (Financial Accounting/Internal Auditing/Risk Management)
o Certified Internal Auditor (CIA)

o Certified Information Systems Auditor (CISA)
o Certification in Risk Management Assurance (CRMA)
o Certified Quality Auditor designation (CQA)
o Certified Financial Services Auditor (CFSA)
o Chartered Accountant (CA (SA))/Chartered Institute of Management Accountants (CIMA)

o Advanced Excel and/or data analyses capabilities (IDEA/ACL)
o Certified Financial Services Auditor (CFSA)
o TeamMate (audit software)

o A minimum of eight years’ Internal Audit experience, with at least four at a managerial level
o Previous experience of managing a team of auditors is compulsory
o Demonstrable evidence of being able to lead a team of competent, respected internal audit, risk and compliance professionals and striving for continuous improvement of self and team
o Leading planning of audits to ensure the achievement of objectives and continual assessment of additional risks and opportunities during fieldwork resulting in additional audit steps
o Ability to communicate effectively verbally and in writing
o Pro-active interest in the field of governance and risk as well as industry developments
o Keen interest and proactive approach to self-development and developing others
o Exposure in performing application control audits
o Data analysis review exposure, including the use of data analysis software tools (e.g. IDEA, ACL)

o Financial Services and Insurance industry experience is advantageous

o A minimum of ten years Internal Audit experience, with at least five years at managerial level
o Comprehensive understanding of unsecured lending industry would be an advantage as well as the insurance industry
o TeamMate experience (Audit software – will be an advantage)
o Understanding of regulatory and legislative universes applicable to financial institutions and industry as well as insurance environment

To Apply:

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Application Deadline: 02/11/2021

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