GAUTENG PARTNERSHIP FUND (GPF) Title of the Job: Manager Internal Audit Grade / Level D3 (Paterson) Location: Sandton Salary: Market related Closing Date: 11 May 2021 Overall Responsibility: The incumbent is expected to effectively lead and direct the provision of reasonable assurance and consultative advice to the Gauteng Partnership Fund (GPF) Risk and Audit and Risk Committee of the Board and the GPF leadership team on the adequacy and effectiveness of Risk management, control and governance processes within the organisation. The GPF currently adopts a co-sourced approach to its internal audit function in that the management and strategic oversight of the function is conducted by the Manager : Internal Audit whilst the implementation of the Audit Coverage Plan is conducted on an outsourced basis. The Manager : Internal Audit is responsible for managing the execution of the outsourced service by service level agreement.
g) Prepare monthly and quarterly reports on the performance of the internal audit function, identifying challenges, key observations, performance against scorecard and staffing issues during audit engagements
h) Attend Exco meetings by standing invitation with no voting rights and provide consultative advice on risk management, internal controls deficiencies and governance processes i) Engage with the Chairman of the Audit and Risk Committee to provide advice and guidance on audit engagements and audit processes j) Develop and maintain Internal Audit Methodology 2. Audit Execution Oversight a) Review and sign-off engagement letter and quality check that key issues have been identified and raised, ensuring alignment to the operational plan • b) Participate in discussions on audit engagements with key stakeholders and identify any concerns to be addressed during the audit • c) Review and sign off planning documents providing an oversight of the environment to be audited and identifying changes to be addressed during the audit • d) Review and sign off on the planning memorandum issued by the Internal Audit Manager • e) Oversee the progress of audits to ensure that audits are executed within the agreed scope, budget and within the allocated timeframes • f) Attend to escalated audit queries and escalate to Head of the Unit, Exco and the Audit and Risk Committee where query is still not addressed • g) Ensure audits are executed in accordance with the approved audit plan and as per the Institute of Internal audit (IIA) standards • h) Oversee the external audit process and ensure that audit findings are implemented 3. Audit Reporting Oversight a) Review and sign off all draft and final audit reports • b) Produce monthly reports to identify challenges and key observations during audit engagements for submission to Exco • c) Produce quarterly audits reports on audit activities, findings, recommendations, statement of opinions, staffing issues and resourcing and effectiveness of controls and submit through to Audit and Risk Committee • d) Review, approve and distribute final audit report following an audit engagement to communicate with the stakeholder and address audit findings • e) Lead communications with the internal stakeholder to address audit findings • f) Oversee the management of exit meetings and facilitate exit meetings with top / senior management to report on audit findings and to address any issues and receive comments • g) Produce annual audit report to feedback on the adequacy and effectiveness of risk management, control and governance processes within the GPF and to provide reasonable assurance in achievement of objectives • h) Produce the annual Audit and Risk Committee report on behalf of the Audit and Risk Committee
4. Financial Management a) Plan and forecast capital expenditure within area of responsibility • b) Compile budget inputs in accordance with policies, procedures and legal requirements • c) Manage costs against approved budget 5. Management of Outsourced Services a) Ensure that a suitable service provider is appointed to implement the Internal Audit Coverage Plan on a three year basis in keeping with SCM Policies and Procedures • b) Engage in the finalisation and sign-off of an SLA aligned to the Internal Audit Coverage Plan of the GPF • c) Manage the execution of the SLA on behalf of the GPF ensuring delivery of stated targets within agreed timeframes • d) Address contingency issues as they arise in the scope of execution • e) Ensure performance management against targets and the implementation of mitigation measures where necessary • f) Takes full accountability for the delivery of the outsourced internal audit function • • 6. Stakeholder Management a) Conduct regular meetings and communications with all relevant stakeholders • b) Present to public audiences at seminars and conferences on GPF's work • c) Create opportunities for project partnerships d) Engage in stakeholder consultations to understand their issues and share challenges e) Network extensively with current stakeholders in order to maintain awareness of relationship benefits f) Engage Auditor-General on key risk areas and audit findings a) Meeting with divisional heads to prepare for both internal and external audits b) Ability to work closely with others c) Being pro-active in assisting others d) Contribution to business unit meetings and brain storming sessions e) Mentoring and coaching of interns and peers a) Assignments from the Board of Trustees, CEO, and the leadership team as and when required 7. Teamwork 8. Adhoc duties Qualification & Experience: A minimum of an appropriate recognized degree in Accounting or Internal Auditing or related qualification at NQF Level 7. A relevant Postgraduate degree at NQF 8 in Accounting or Internal Auditing or related qualification will be an added advantage. At least 8 to 10 years of work experience in auditing, of which 5 is at management level experience in the financial services and/or the public sector. Professional registration with the relevant professional body is an added requirement for the role. Competencies: ● Leadership ● Analytical ● Communication ● Interpersonal ● Presentation ● Report writing ● Conflict management ● People management ● Planning and organising ● Relationship management ● Time management ● Applied extensive knowledge of Internal Auditing Standards, techniques and processes, including public sector auditing processes ● Knowledge of financial principles ● Sound knowledge of policies, procedures, regulation and legislation applicable to the Public Sector ● Advanced proficiency in MS Office Suite ● Attention to details ● Deadline driven ● Confidentiality ● Honesty/Integrity ● Results oriented ● Customer focused ● Strategic thinker GPF is an equal opportunity, affirmative action employer. Preference will be given to candidates whose appointment will enhance representation in accordance with the approved employment equity plan. Correspondence will be limited to shortlisted candidates only. If you do not hear from us within two months of the closing date, please regard your application as unsuccessful. It will be expected of candidates to be available for selection interviews on a date, time and place as determined by GPF. GPF reserves the right not to fill an advertised position. Background verification, including criminal record and citizenship checks, as well as a competency assessment will form part of the selection process. It is the applicants' responsibility to have their foreign qualifications evaluated by the South African Qualifications Authority (SAQA). Applications to be sent to careers@gpf.org.za by no later than close of business on Tuesday 11 May 2021
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