Audit Manager

Korakhoa Solutions; Durban; On-site; ZAR 1,260,000 - 1,540,000; Full time

Job summary

Korakhoa Solutions is seeking an Audit Manager to plan, lead, and execute risk-based internal audits across all business units. The role provides independent assurance on governance, risk management, internal controls and regulatory compliance, while supervising staff and managing stakeholders.

Key responsibilities include planning and executing engagements, reporting to executives and the Audit Committee, and ensuring QA against IPPF standards.

Qualifications

• Bachelor's degree in internal audit, accounting, finance, commerce or related field.
• CIA (Certified Internal Auditor), CA(SA) or CISA preferred.
• Minimum 5 years internal audit experience with 3+ years in management.

Responsibilities

• Lead and manage end-to-end internal audit engagements.
• Develop risk-based audit programs and testing strategies.
• Evaluate design and effectiveness of key controls.
• Perform data analysis and identify emerging risks and trends.
• Prepare high-quality audit reports for Exec Mgmt and Audit Committee.
• Present audit observations to senior management.
• Build relationships with business and support functions.
• Ensure compliance with IPPF and internal methodology.
• Assess regulatory compliance including AML/CFT, FICA and banking rules.

Skills

Risk-Based Internal Auditing

Internal Control Frameworks

Corporate Governance

Data Analytics

Audit Report Writing

Education

Bachelor's Degree in Internal Audit / Accounting / Finance / Commerce or related field

Job description

The Audit Manager is responsible for planning, leading and executing risk-based internal audits across all business units of the Bank. The role provides independent assurance on the adequacy and effectiveness of governance, risk management, internal controls and regulatory compliance.

The successful candidate will supervise audit assignments, manage stakeholder relationships, develop audit staff and contribute to the continuous improvement of the Internal Audit function.

Key Responsibilities

Audit Planning and Execution

• Lead and manage end-to-end internal audit engagements.
  
• Develop risk-based audit programs and testing strategies.
  
• Evaluate the design and effectiveness of key controls.
  
• Perform data analysis and identify emerging risks and trends.
  
• Ensure audits are completed within agreed timelines and budgets.
  

Reporting

• Prepare high-quality audit reports for Executive Management and the Audit Committee.
  
• Clearly articulate findings, root causes, risk implications and recommendations.
  
• Present audit observations to senior management.
  
• Ensure consistency in audit documentation and working papers.
  

Stakeholder Management

• Build effective relationships with business and support functions.
  
• Participate in management discussions relating to governance, risk and control matters.
  
• Provide advisory support on control design and regulatory requirements when requested.
  

Audit Quality Assurance

• Ensure compliance with Internal Audit Methodology and the International Global Standards Framework (IPPF).
  
• Maintain high standards of audit quality and documentation.
  
• Conduct review of audit working papers prepared by audit team members.
  
• Provide coaching and mentorship to auditors.
  

Regulatory and Compliance Assurance

• Assess compliance with:
  
• Banking regulations
  
• South African Reserve Bank requirements
  
• Financial Intelligence Centre Act (FICA)
  
• AML/CFT requirements
  
• Prudential Authority requirements
  
• Internal policies and procedures
  
• Monitor emerging regulatory developments and assess potential impact on the Bank.
  

Follow-Up Reviews

• Monitor implementation of agreed management actions.
  
• Conduct follow-up audits to verify remediation of findings.
  
• Report overdue actions and significant control weaknesses to management and the Audit Committee.
  

Requirements

Qualifications

• Bachelor's Degree in:
  
• Internal Audit
  
• Accounting
  
• Finance
  
• Commerce or related field
  

Professional Certification

One or more of the following preferred:

• CIA (Certified Internal Auditor)
  
• CA(SA)
  
• CISA
  

Experience

• Minimum 5 years Internal Audit experience.
  
• Minimum 3 years management or supervisory experience.
  
• Experience within:
  
• Banking
  
• Regulatory Compliance
  
• Strong knowledge of AML/CFT, FICA and banking regulations.
  
• Experience interacting with Executive Management and Audit Committees.
  

Knowledge and Skills

Technical Skills

• Risk-Based Internal Auditing
  
• Internal Control Frameworks
  
• Corporate Governance
  
• AML/CFT and Financial Crime Controls
  
• Regulatory Compliance
  
• Data Analytics
  
• Audit Report Writing
  
• Process Mapping
  

R1.4m

Qualifications & Experience: Minimum of 5 + years core banking experience. Key Competencies: HPLUS proficiency. Operations Processes. Expertise in managing teams and coordinating cross-functional projects.