Audit Lead: Finance, Risk and Compliance

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Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

This exciting role has responsibility for managing assurance activities for Finance, operational risk and compliance across OM Bank. The role is responsible for the management of annual audit planning, execution of audits and reporting. The successful incumbent will form part of the OM Bank IA team and report into the Head of audit. The incumbent will develop and manage relationships with Senior Executives in the businesses and will represent the portfolio at Business Unit or Divisional Executive Committees as required.

KEY RESULT AREAS

Key Result Areas Strategy

• Contribute to the development and implementation of the functional strategy and business plan as it relates to the respective portfolio and related assurance needs within the digital Bank.
• Accelerate the development of sophisticated data-led assurance activities.
• Develop a future fit risk assurance strategy that is adaptive and adequate to provide assurance across a wide variety of areas based on developments within the finance and regulatory industry.

Audit Services

• Contribute subject matter expertise to the development of the portfolio audit plan.
• Consolidate and report integrated results for the Subject Matter portfolio and provide input to the relevant committee reports
• Execute the Subject Matter portfolio audit plan - right people doing the right jobs at the right time
• Manage Quality and Performance, maintain independence and implement corrective action where required. Accountable for audits being delivered to the IA quality standard.

Operational Efficiency

• Comply with IIA Code of Ethics and IA Policies and Procedures
• Contribute to functional resource planning and integration
• Manage Subject Matter portfolio KPIs and implement corrective action

Role Requirements

Qualifications and Professional Affiliations:

• Relevant Degree & Professional Qualification.
• Chartered Accountant or Certified Internal Auditor would be advantageous

Experience:

• Minimum 10 years relevant experience at a senior management level
• Successful track record of implementing assurance and advisory capabilities via innovative solutions.
• Significant experience providing assurance or risk management across the regulatory, operational risk and Finance landscape within a Banking environment.
• Experience in providing assurance over Financial controls.
• Demonstrate up to date experience of relevant regulatory and governance requirements
• Experience of client relationship management at a top management level
• Experience in MI reporting and data management.
• Experience with successful implementation of data led assurance capability
• Understanding and application of extensive enterprise risk management principles.

Technical Competencies:

• In depth knowledge of the regulatory environment and regulatory risks impacting OM Bank including Market Conduct, Financial Crime, NCA, Banks act, CODI, POPIA etc.
• Significant track record of driving innovative and data led assurance and monitoring activities
• Significant experience of providing first, second or third line risk management in regulatory, risk and enablement functions.
• Professional Ethics
• Business Acumen
• Internal Auditing Methodologies
• Internal Audit Management
• Risk Analysis & Control Assessment Techniques
• Critical Thinking
• Communication skills
• Improvement and Innovation

Core competencies:

• Leading
• Collaboration
• Strategic
• Customer First
• Innovation (Perspective)
• Personal Mastery (Learning)

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit.

Skills

Education

Closing Date

31 May 2024

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19.

All prospective employees are required to disclose their vaccination status as part of the recruitment process.

Please refer to the Old Mutuals Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so.

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