This position supports the Group’s Executives and the entire organisation to achieve compliance to laws, regulations and Business standards, and in achieving appropriate management of risks.
The position ensures the preparation of a Compliance Program through to getting approval. He/she ensures that the program is implemented and monitors it.
This position, with the support of business leaders, is also responsible for developing programs to mitigate identified business risks. He/she is also responsible for directing the internal audit function of the Group.
The Head of Internal Audit is required to develop and execute a program that, post factum, monitors compliance, financial reporting, and operational risks in an objective, diligent, and independent manner and recommend corrective actions to improve operations, enhance internal controls and reduce costs where possible.
Job Details
Leadership
Provide professional orientation and awareness of internal audit and compliance function to all staff.
Contribute to support the overall growth of controls in the business.
Delegate appropriate responsibility for the provision of Internal Audit and Compliance services whilst retaining overall accountability for the delivery of all services.
Provide advice and support to all departments and projects within the Group on matters relating to any issue within the remit of Internal Audit and Compliance.
Support the implementation of the Group’s Governance policies in relation to Governance, Risk, Control and Compliance etc.
Coach and mentor the Internal Audit and Compliance team to ensure professionalism and the company’s core values are maintained.
Core/Technical
As Head, Compliance:
Supervise the development, initiation, maintenance, and revision of policies and procedures for the general operation of the Compliance Program and its related activities to prevent illegal, unethical, or improper conduct.
Supervise periodical review and update of the Standards of Conduct, including adherence to Group Core Values.
Respond to alleged violations of rules, regulations, policies, and procedures by evaluating or recommending the initiation of investigative procedures.
Act as an independent reviewing and evaluation body to ensure compliance concerns are appropriately evaluated and resolved.
Identify potential compliance vulnerabilities and risks; implement corrective action plans and provide guidance.
Provide regular reports to the Audit Committee of the Board and Executive Leadership.
Ensure an effective compliance communication program across the organization including:
Reporting suspected breaches of ethical conduct
Heightened awareness of Standards of Conduct
Understanding of new and existing compliance issues
Monitor the Compliance Program’s performance and recommend improvements.
Manage relationships with relevant regulatory agencies.
As Head, Internal Audit:
Draft the Internal Audit Charter in line with international standards.
Develop risk-based annual audit plans with defined scope and timing.
Design internal audit procedures and work programs.
Advise on resourcing for the Internal Audit function.
Conduct audits to assess adequacy, effectiveness, and efficiency of internal controls.
Identify key risks and propose mitigation controls.
Review the accuracy and relevance of financial and management information.
Report audit findings and recommendations to Executive Leadership and the Audit Committee.
Prepare audit reports in line with the audit plan.
Monitor implementation of management actions from audit reports.
Provide opinions on internal control effectiveness to Executive Leadership and the Board.
Promote internal control culture and staff training.
Track internal audit trends and developments.
Conduct ad-hoc reviews and investigations.
Participate in Audit Committee meetings.
Liaise with external auditors on control issues.
Requirements
A minimum of a bachelor’s degree from a recognized university.
An MBA or master’s degree in a business-related field is preferred.
A minimum of 10 years’ experience in the Enterprise Risk Management field in similar organisations, with at least 5 years in a senior management role.
Benefits
Great work culture and multiple opportunities for growth and self-development.
26 days of annual leave, excluding federal public holidays.