Job Title: Internal Audit Manager
Location: Woodmead
Primary Purpose (Role):
The Internal Audit Manager is responsible for independently assessing the organisation’s internal controls, systems, and processes to minimise risk, including fraud risk, and prevent potential financial losses. This role encompasses planning, executing, and documenting the Group’s Annual Assurance plan, identifying key risks and control weaknesses, and ensuring the timely resolution of findings.
Additionally, the role involves evaluating governance and risk management practises, coordinating with external auditors, and enhancing the organisation’s control environment. The Internal Audit Manager may lead small audit teams and foster strong relationships with directors and line management to ensure audit outcomes are clearly understood, reports are finalised promptly, and corrective actions are implemented effectively.
The role includes a functional reporting line to the Audit and Risk Committee of the Group, providing regular updates on the Annual Assurance programme, as well as findings and recommendations.
Key Performance Areas (Responsibilities):
Internal Audit Planning & Execution
- Delivery of the Annual Assurance plan on time, achieving 95–100% completion.
- Maintaining high-quality audit working papers as per internal quality assurance reviews.
- Reducing the number of repeat findings year-on-year.
Internal Controls & Systems Evaluation
- Resolution of control weaknesses within agreed timelines.
- Ensuring zero major control failures remain undetected.
- Improvement in control maturity ratings across the organisation.
- Reduction in gaps identified within mitigating controls for strategic and key risks.
Risk Management & Loss Prevention
- Completion of risk-based audits covering all high-risk areas.
- Reduction in identified high-risk exposures.
- Timely escalation of significant risk issues to management.
Audit Reporting & Stakeholder Engagement
- Issuance of audit reports within agreed Service Level Agreements (typically 10–15 working days).
- Achieving stakeholder satisfaction ratings of 80% or higher.
- Ensuring implementation of agreed audit actions by due dates.
Compliance & Governance Assurance
- Maintaining compliance with statutory and policy requirements.
- Identifying and resolving compliance exceptions promptly.
- Timely submission of governance reports to senior management.
Team Leadership & People Management (where applicable)
- Ensuring audit tasks are delivered on time and to standard by team members.
- Supporting completion of development plans and training for audit staff.
Qualifications
- Bachelor’s degree in Accounting, Finance, Internal Audit or related field – Essential
- Professional certification preferred (CIA, CISA, CA(SA) or equivalent) – Essential
Experience
| Job-Related Experience | Required Time Span | Essential / Advantageous |
|---|
| Internal auditing, including planning, executing, and reporting on complex audits |
5+ years |
Essential |
| Evaluating internal controls, governance, and risk management frameworks |
5+ years |
Essential |
| Conducting risk-based audits and applying professional audit standards |
5+ years |
Essential |
| Documenting audit findings, drafting audit reports, and recommending corrective actions |
5+ years |
Essential |
| Leading or supervising audit teams and managing multiple audits across different locations or functions |
3–5+ years |
Essential |
| Liaising with senior management and external auditors |
3–5+ years |
Essential |
| Proficiency with audit software, data analytics tools, and Microsoft Excel |
3+ years |
Advantageous |
Knowledge Areas
| Job-Related Knowledge | Essential / Advantageous |
|---|
| Strong understanding of internal audit methodologies, internal control frameworks, and risk management principles |
Essential |
| Knowledge of governance, compliance, and assurance standards (e.g., IIA Standards) |
Essential |
| Understanding of financial processes, business systems, and organisational controls |
Essential |
| Strong analytical and problem-solving skills |
Essential |
| Demonstrated leadership abilities and experience managing or guiding audit teams |
Essential |
| Knowledge of South African and/or Australian regulatory environments |
Advantageous |
| Familiarity with audit software, data analytics techniques, and reporting tools |
Advantageous |