Head of Audit : Advice and Investments

Absa Group Limited; Johannesburg; On-site; ZAR 1,200,000 - 2,000,000; Full time

Job summary

A leading financial institution in Johannesburg is seeking a Head of Audit for its Advice and Investments division. The role involves leadership, stakeholder management, and ensuring compliance with audit standards. Ideal candidates will have extensive experience in financial services and a strong educational background in relevant fields.

Qualifications

• Fifteen years’ experience in Internal/External audit or similar.
• Financial services industry knowledge, especially in Banking and Insurance.

Responsibilities

• Lead a team of internal auditors to ensure compliance with regulations.
• Build and maintain relationships with stakeholders at all levels.
• Ensure timely delivery of high-quality audit reports.

Skills

Leadership

Stakeholder Engagement

Analytical Thinking

Problem Solving

Decision Making

Commercial Acumen

Education

Bachelor's Degree in Business, Commerce, or Management

Postgraduate Degree in Financial Sciences or Statistics

Relevant professional qualifications (CA, CIA, CISA)

Job description

Job title : Head of Audit : Advice and Investments

Job Location : Gauteng, Johannesburg Deadline : June 30, 2025 Quick Recommended Links

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Job Description

Leadership and People Management :

• Leadership / Values / Culture : Demonstration of Absa and IIA code of conduct values / behaviours in all aspects of work. Playing a positive role in team effectiveness sessions and in the unpacking of Colleague Experience Survey results.
• Promote a positive team culture and enhance employee engagement
• Lead a team of professional and subject matter experts, who may be line managers themselves.
• Embed the performance culture and role model Group values and behaviours.
• Manage and lead teams through change, both individually and as a function.
• Actively contribute to the wider talent development of the function through coaching, mentoring, providing constructive feedback.
• Promote continuous learning and development among internal auditors to enhance their skills and knowledge.
• Attract and retain talented individuals who can contribute to the Audit Function of the future, building a strong pipeline of skills and capabilities.

Stakeholder Management :

The key stakeholders will be the Advice & Investments legal entity Boards, Managing Executives and their Exco teams. With emphasis on :

• Build and maintain strong relationships with key stakeholders, including senior management, governance committees, and regulators.
• Possess excellent communication skills (verbal and written) to effectively communicate to stakeholders.
• Build relationships with the business on key initiatives, attending key committees and sharing their view of the business’ control assessments.
• Know our clients / customers and understand how the team’s work benefits them.
• Develop an in-depth knowledge of Absa and the various business areas and use this knowledge to execute on assurance responsibilities.
• Foster positive engagement with stakeholders to enhance the value of the audit function.
• Develop and maintain relationships with all assurance partners and actively monitor the risk profile of the business to inform audit planning, reporting and audit delivery. Support the Combined Assurance effort across the three lines of defence to strengthen the control environment.

Strategic Initiatives :

• Digitally and Technology enable : Contribute to the development of the Digital Book of Work of the IA Function.
• Stakeholder engagement model : aligned to IA overall principles for driving a professional, value adding, service oriented, digitally savvy owner led stakeholder engagement approach for the portfolio.
• Contribute to the overall Absa IA Brand, Positioning and Communication Initiatives.

Audit Delivery and Continuous Monitoring Activities :

• Ensure the delivery of high-quality and timely audit reports, governance reports and issue validations that add value to the group that adheres to the audit methodology and quality standards.
• Define and maintain a risk based internal audit plan for the Advice & Investment businesses that supports the achievement of Absa's objectives that is completed in a timely manner in line with approved phasing.
• Use of digital assets and / or data analytics in audits, continuous auditing and portfolio reviews.
• Provide high-quality, relevant, simple and valuable reports that are easy to understand and actionable to key stakeholders including senior management, governance committees and regulators.
• Display professional skepticism and apply a residual risk lens to potential audit issues with management and in final reporting.

Knowledge Management

• Continuous upskilling on both technical and other core competencies.
• Keeping up to date with industry trends, regulatory changes and professional standards.
• Based on knowledge of business areas, provide guidance to other audit team and peers by sharing best practice so that their work meets and sometimes exceeds quality standards
• Ensure that the internal audit function complies with all relevant regulatory requirements, including those set by the Prudential Authority.

Preferred Education

• Bachelor`s Degrees and Advanced Diplomas : Business, Commerce and Management Studies (Required)
• Relevant professional qualifications as appropriate (e.g. CA, CIA, CISA)

Preferred Experience

• Fifteen years’ experience in Internal / External audit or commensurate experience in a major financial institution or Big 4
• Financial services industry knowledge especially Banking, Insurance, Bancassurance, etc.
• Knowledge about new and emerging financial products and services.
• Knowledge of prevailing legislation requirements, the insurance industry and bancassurance practices will be an added advantage.

Knowledge and Skills

• Proven experience of managing teams in a complex, matrix environment; adaptable leadership style
• Extensive experience in risk-based auditing or risk / control activities
• Thought leadership
• Evidence of driving change, leading business initiatives and setting direction and strategy
• Ability to communicate and influence at very senior levels in the organisation
• Passionate about developing talent and performance management
• Ability to think and operate in an enterprise wide capacity, contributing to the main effort of the Function over the demands of individual silos

Fit and Proper Requirements :

• Registration : The candidate must be registered with the Prudential Authority as a key person.
• Integrity : Demonstrate the highest level of integrity and ethical behavior.
• Competence : Possess the necessary qualifications, experience, and skills to perform the role effectively.
• Financial Soundness : Maintain financial soundness and stability.
• Insurance and Investments Industry knowledge
• Regulatory Compliance
• Commercial Acumen
• Audit Methodology
• Internal Controls
• Leadership
• Stakeholder Engagement
• Influence
• Resilience
• Analytical Thinking
• Problem Solving
• Strategic thinking
• Decision Making

Education

• Postgraduate Degrees and Professional Qualifications : Financial Sciences (Required), Postgraduate Degrees and Professional Qualifications : Statistics (Required)