(1597) Senior Internal Auditor x2 - IAD at South African Reserve Bank

Pretoria, Gauteng, South Africa -

Full Time

Start Date

Immediate

Expiry Date

12 Jul, 26

Salary

0.0

Posted On

13 Apr, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Internal auditing, Risk management, Governance, Audit planning, Data analytics, Information technology systems, Fraud detection, Quality assurance, Policy development, Engagement risk assessment, Analytical techniques, Coaching, Training, Financial stability, Regulatory compliance

Industry

Banking

Description

Brief description The main purpose of this position is to plan and lead audits that deliver independent and objective assurance and consulting on the adequacy and effectiveness of the South African Reserve Bank’s (SARB) control, risk management and governance processes. Detailed description The successful candidate will be responsible for the following key performance areas: Review the work of internal auditors by providing necessary on-the-job coaching and training as needed. * Contribute to the development and maintenance of policies, procedures, checklists, models, frameworks and templates governing internal auditing within the SARB. * Stay abreast of and apply current work methods, analytical techniques and protocols relevant to audit work. * Conduct research and compile clear and reliable preplanning working papers that reflect research outcomes as part of the process understanding. * Define the scope and objectives of audit assignments. * Perform engagement risk assessments, walkthroughs and adequacy assessments using research and analytical tools. * Develop an audit programme to address audit objectives. * Lead audit projects or assignments to meet targeted milestones. * Execute the audit programme, including conducting, evaluating, documenting and finalising audit tests within the working papers. * Draft detailed audit findings that include standard, condition, root cause, impact and recommendations. About SARB Primary mandate of the SARB Section 224 of the Constitution of South Africa states the mandate of the SARB as follows: The primary object of the South African Reserve Bank is to protect the value of the currency in the interest of balanced and sustainable economic growth in the Republic. The South African Reserve Bank, in support of its primary objective, must perform its functions independently and without fear, favour or prejudice. WHAT WE DO Monetary Policy The Constitution gives the SARB the mandate to protect the value of the rand. We use interest rates to keep inﬂation low and steady. Financial Stability The SARB has a mandate to protect and enhance ﬁnancial stability. We identify and mitigate systemic risks that might disrupt the ﬁnancial system. Prudential Regulation The Prudential Authority regulates ﬁnancial institutions and market infrastructures to promote and enhance their safety and soundness, and support ﬁnancial stability. Financial Markets Open market operations are the main tool we use to implement monetary policy. We manage South Africa’s gold and foreign exchange reserves. Financial Surveillance The SARB is responsible for regulating cross-border transactions, preventing the abuse of the financial system and supporting the regulation of financial institutions. Payments and Settlements The SARB is responsible for ensuring the safety and soundness of the national payment system, which is the backbone of South Africa’s modern ﬁnancial system. Statistics The SARB provides important economic and ﬁnancial statistics that present an overview of the economic situation in South Africa. Research Research conducted by the SARB focuses on economics, ﬁnancial stability, banking and emerging trends in ﬁnance. Our research supports policy decision-making. Banknotes and Coin The SARB has the sole right to make, issue and destroy banknotes and coin in South Africa. Internal Audit Department (IAD)

Responsibilities

The successful candidate will plan and lead internal audits to provide independent assurance on the South African Reserve Bank's governance, risk management, and control processes. Responsibilities include conducting risk assessments, executing audit programs, drafting findings, and providing on-the-job coaching to internal audit staff.