Job Description
Role Details
Role Overview: The role has responsibility for the delivery of audits in the Governance, Regulatory, Compliance and Risk Management domains within Old Mutual Limited (OML).
This is an exciting role for someone interested in being at the forefront of modern assurance and advisory activities of the governance and regulatory environment of a diversified financial services group. In particularly the areas of market conduct and customer-centric regulation, financial crime (including Anti-Money Laundering and FATCA), governance, compliance and risk management.
The role is responsible for the delivery of audit engagements, support in the development of the annual audit plan and delivery of the audit plan, identification of modern data analytic continuous monitoring techniques and robotic audit opportunities within the portfolio, updating the audit universe, execution of audits and preparation of audit reports. This role will support the Audit Lead for the Governance, Regulatory and Compliance (GRC) portfolio in executing on audits and supporting the managing of stakeholder relationships.
Key Result Areas / Outputs
Delivery of Services
- Contribute to the development of the portfolio audit plan including the update and maintenance of the audit universe and identification of emerging risks;
- Contribute to the development of the GIA-wide audit plan, providing regulatory, governance and risk management insights on trends and emerging areas of focus.
- Execute and deliver the audit plan and management requests timeously;
- Contribute towards and provide updates on the Combined Assurance Plans for the portfolios;
- Understand the business, its functions, products and risk profile;
- Apply knowledge of governance and risk management to develop the internal audit plan and deliver audit engagements within the portfolio;
- Apply knowledge of the regulatory environment and key legislation impacting the business, to develop the internal audit plan and deliver audit engagements within the portfolio as well as across the GIA-wide portfolio, including Rest-of-Africa;
- Develops process understanding, risk and control matrices and perform control design and effectiveness assessments;
- Prepare the audit planning memorandum and letter of intent;
- Deliver impactful audit assignments on time, within budget and in accordance with GIA methodology and in line with agreed quality standards;
- Identify areas for continuous controls/risk monitoring, utilizing data analytic techniques, as well as audit automation opportunities and facilitate the implementation of these;
- Analyse root causes of issues identified and make recommendation to management to improve the control environment;
- Delivery of impactful audit findings/reports with well thought out management actions and due dates;
- Facilitate the agreement of audit findings and ratings with the relevant stakeholders;
- Facilitate the integrated audit approach where necessary, such as use of IT and data analytics;
- Execute on the issues assurance plan and ensure it is executed timeously and within quality standards; and
- Support the Audit Manager/Senior Audit Manager/Lead/Head of Audit with administration activities.
- Support the Audit Manager/Senior Audit Manager/Lead in managing stakeholder engagement and relationships at the appropriate level.
- Assist with the management of the portfolio GIA stats process and monthly reporting process by engaging line 1 and line 2; and
- Comply with IIA Code of Ethics and GIA Policies and Procedures.
- Contribute to a positive, professional and caring culture with GIA; and
- Support activities and initiatives focusing on the development of expertise.
Academic Requirements
- Relevant 3-year Diploma, University Degree (majoring in either auditing, risk management, accounting, business administration, compliance, law, governance, etc.)
- Post graduate qualification
- Studying towards a professional Qualification (e.g. CA (SA), CIA or LLB).
- Minimum 3 5 years in auditing, risk management or compliance role.
- Experience in the long-term (life) insurance, wealth and asset management industries will be advantageous.
- Knowledge of market conduct frameworks and regulations.
- Experience in integrated assurance approaches utilising data analytic techniques will be advantageous.
- Good background in the financial services industry and its regulatory environment
- Good understanding of the business management processes, risks and controls.
- Experience of client relationship management as part of the assurance process.
- Proven technical knowledge that is demonstrated in application to specific situations
- Understanding and application of the risk management and governance frameworks
- Good written and verbal communication skills
- Able to travel locally and internationally
- Proven track record in dealing with audit clients
- Uses Microsoft Word and Excel effectively
- The position will require an energetic and dynamic individual who will identify with the aspirations of a blue chip company in the financial services arena;
- Professional and positive attitude;
- Strong interpersonal skills (communication, negotiation, presentation and conflict handling);
- Strong analytical skills;
- Deadline-orientated and client-centric;
- Ability to interact with client staff and senior management across various functions and divisions;
- Enjoys working in a team environment with a participative management style, believes and participates in the development of people and is a magnet for top talent;
- Appreciates and fosters a positive, collaborative and professional working environment and culture;
- Driven to deliver real value and quality service to a demanding and diverse client base;
- High standards of performance for self and others;
- Confident in own abilities and operate independently;
- Adaptable to changes in work tasks or environment; and
- Able to initiate action to accomplish objectives.
Skills
Education
Closing Date
18 March 2023
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.
