Senior Auditor Finance, Risk & Compliance (JHB/CPT)

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

Job Description

ROLE OVERVIEW

As a Senior Auditor, you will be responsible for assisting the internal audit function in assessing the effectiveness of internal controls, risk management processes, and governance frameworks within OM Bank.  You will perform audits, support audit projects and help identify areas for improvement, ensuring the bank adheres to regulatory requirements and best practices.

KEY RESPONSIBILITIES

Delivery of Services

• Support the execution and delivery of the audit plan, ensuring that management requests are addressed within agreed timelines.
• Assist in the development and regular updates of the portfolio’s audit plan, including maintaining the audit universe and identifying emerging risks.
• Contribute to the Combined Assurance Plans for the portfolio, helping track progress and providing updates where necessary.
• Conduct audits in line with the Internal Audit (IA) methodology, ensuring quality and performance standards are consistently met.
• Assist in drafting audit reports that clearly present findings, management actions, and suggested due dates for follow-up.
• Support discussions with stakeholders to agree on audit findings and ratings, ensuring clarity and understanding.
• Help identify the root causes of issues discovered during audits and assist in recommending actions for improving controls.
• Participate in the integrated audit process, including working with IT and data analytics teams when necessary.
• Provide support in preparing updates and input for committee and Board reporting.
• Help ensure that the issues assurance plan is executed according to schedule and quality standards, assisting with follow-ups where needed.
• Able to perform reviews from various audit pillars (Financial, Risk and Regulatory)
• Contribute to continuous monitoring practices

Operations

• Comply with IIA Code of Ethics and IA Policies and Procedures.

ROLE REQUIREMENTS

Qualifications & Professional Affiliations

• Relevant University Degree and Professional Qualification.
• Quantitative degree, CISA and/or CIA advantageous.

Experience

• Minimum 3 to 5 years’ experience in auditing and / or risk management (ERM)
• Background in the financial services industry preferably retail banking
• Experience in providing assurance over Financial controls, Financial risk (including Credit risk, Liquidity risk, etc.), Non-financial risk and the regulatory landscape within a banking environment

Technical competencies:

• In-depth knowledge of financial controls, financial risk (including Credit risk, Liquidity risk, etc.), non-financial risk and the regulatory landscape within a banking environment
• High Level of Computer Literacy
• Internal Auditing Methodologies
• Business Process Analysis
• Risk Analysis and Control Assessment Techniques
• Analytical Tools
• Report writing
• Professional Ethics
• Business Acumen
• Internal Audit Management
• Critical Thinking
• Communication skills
• Improvement and Innovation

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.

This role is responsible for delivering audit assignments in time and in accordance with OMF Internal Audit methodology and as per agreed quality standards, through staff supervised. The incumbent is individually accountable for achieving results through others. Requires more experience than the Auditor role.

ResponsibilitiesAudit Compliance

Manage a portfolio of audit assignments. Ensure that the team plans and delivers audits that cover identified risk areas, and that appropriate corrective actions are agreed on with auditees. Resolve issues arising from audits and refer serious or contentious issues to the audit program leader.

Financial Policies, Guidelines, and Protocols

Develop and deliver financial guidelines and protocols to ensure the company complies with regulations and good financial practice.

Data Collection and Analysis

Conduct research using primary data sources, and select information needed for the analysis of key themes and trends.

Insights and Reporting

Prepare and coordinate the completion of various data and analytics reports.

Operational Compliance

Identify, within the team, instances of noncompliance with the organization's policies and procedures and/or relevant regulatory codes and codes of conduct, reporting these instances and escalating issues as appropriate.

Recommendations

Advise others on how to design new processes and systems that meet professional standards.

Document Preparation

Edit document in line with organizational style guidelines and prepare information for publication.

Data Management

Help others get the most out of data management systems by providing support and advice.

Personal Capability Building

Develop own capabilities by participating in assessment and development planning activities as well as formal and informal training and coaching; gain or maintain external professional accreditation, where relevant, to improve performance and fulfill personal potential. Maintain an understanding of relevant technology, external regulation, and industry best practices through ongoing education, attending conferences, and reading specialist media.

Skills

Accounting, Action Planning, Auditing Operations, Budget Management, Computer Literacy, Database Reporting, Data Classification, Data Compilation, Data Controls, Data Modeling, Evaluating Information, Management Reporting, Numerical Aptitude, Oral Communications, Report Review

Competencies

Business InsightCommunicates EffectivelyCourageEnsures AccountabilityFinancial AcumenInstills TrustManages ComplexityOptimizes Work Processes

Education

NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent

Closing Date

24 February 2025 , 23:59

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 Mutual’s 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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