Senior Manager: Internal Audit – Armscor

Job Opportunity: Senior Manager: Internal Audit at Armscor

Reference Number: 9993118

Armscor’s Internal Audit Division is seeking a dynamic individual to fill the role of Senior Manager: Internal Audit. We invite applications from qualified individuals who meet the requirements outlined below:

Purpose of the Job:

The Senior Manager: Internal Audit will provide independent, objective audit functions to support the organization in achieving its objectives. This role involves strategically planning and managing a division, including overseeing employees and budgets.

Critical Performance Areas:

1. Internal Audit Strategy & Policy Management:
   • Formulate, develop, and maintain Internal Audit Policies, Practices, and Procedures.
   • Align divisional strategies and plans with corporate objectives and the Internal Audit Framework.
2. Compliance with Internal Audit Framework (Mandatory Aspects):
   • Ensure independence and objectivity in providing assurance and consulting services.
   • Adhere to Internal Audit Standards and implement action plans recommended by quality assurance reviews.
3. Financial Resources Management:
   • Identify required financial resources for effective divisional operations.
   • Manage the budget of the Internal Audit Division efficiently.
4. People Resources Management & Development:
   • Recruit, develop, and motivate individuals and teams within the division.
   • Manage training and development initiatives for internal audit personnel.
5. Information & Communication Management:
   • Safeguard and maintain confidentiality of information within Internal Audit.
   • Ensure clear communication within the team and with clients.
6. Internal Audit Infrastructure and Assets Management:
   • Procure necessary assets and infrastructure for internal audit activities.
   • Maintain and update internal audit software and systems.
7. Performance Management:
   • Conduct performance management for team members.
   • Undertake succession planning for key positions within the division.
8. Governance, Consulting & Advisory Services Management:
   • Facilitate effective corporate governance practices.
   • Provide inputs to various committees and forums on governance matters.
9. Combined Assurance & Coordination:
   • Develop and maintain a combined assurance program.
   • Ensure effectiveness of assurance providers and monitor implementation of assurance plans.
10. Stakeholder Engagement:
    • Engage with stakeholders to ensure effective internal controls and risk management.
    • Maintain professional relationships with various stakeholders.
11. Third Party Services & Contracts Management:
    • Recommend appointment and utilization of service providers.
    • Draft terms of reference and engagement scope for service providers.
12. Forensic Investigations and Auditing Management:
    • Lead forensic investigations and investigative audits.
    • Administer whistleblowers’ allegations and fraud hotline.
13. Risk Management:
    • Develop, implement, and maintain the division’s risk management plan.
    • Contribute to the development of risk registers.
14. Monitoring, Evaluation and Continuous Auditing and Reporting:
    • Establish monitoring, evaluation, and reporting systems.
    • Monitor controls testing and reporting on control status.
15. Internal Audit Awareness Campaigns:
    • Implement internal audit awareness initiatives throughout the organization.
16. Internal Audit Planning and Plans:
    • Develop risk-based internal audit plans and annual coverage plans.
    • Monitor and ensure implementation of approved audit plans.
17. Audit Engagements Projects:
    • Implement end-to-end internal audit processes.
18. Quality Assurance Reviews:
    • Ensure quality assurance reviews are performed according to standards.
19. Internal Audit Reports & Reporting:
    • Present audit reports to relevant stakeholders.
    • Prepare internal audit quarterly performance reports.

Qualifications:

• Post Bachelor’s Degree Qualification in Auditing, Accounting, Business, or Commercial Management/Leadership Degree/Qualification
• Professional Body Certification/Qualification: CIA/CA(SA)/CISA/ACFE (Added Advantage)
• Technical/Legal Certification/Professional Registration: IIA Membership

Experience:

• 10+ years’ audit experience, including 3 years of senior manager experience in Internal Auditing
• Extensive experience in managing relationships with external auditors
• Experience in Combined Assurance and coordination of audit work

Knowledge & Functional Skills:

• Extensive knowledge of Internal Audit Framework & Standards
• Corporate Governance
• Knowledge of PFMA
• Advanced knowledge of risk-based audit planning and programs

Note: Short-listed candidates will undergo reference checking, verification of personal data, and security clearance. Armscor is committed to compliance with the Employment Equity Act, and preference will be given to suitable candidates from designated groups. People with disabilities are encouraged to apply.