Head of Internal Audit

Placements24; Randburg; On-site; ZAR 1,800,000 - 3,000,000; Full time

Job summary

Placements24 in Randburg, South Africa, seeks a seasoned Head of Internal Audit to lead the internal audit function, set strategy, and ensure strong controls and risk management across the organization.

The role requires a Master's degree and professional certifications (CA(SA), CIA, CISA), with at least 10 years in internal audit including 5 in leadership, and extensive experience in financial services regulatory compliance.

Qualifications

• Master's degree in Accounting, Finance, or a related field.
• Professional certification such as CA(SA), CIA, or CISA is mandatory.
• A minimum of 10 years of progressive experience in internal audit, with at least 5 years in a leadership role.
• Extensive knowledge of auditing standards (IIA), risk management frameworks, and internal control principles.
• Proven experience in auditing financial services organizations and regulatory compliance.

Responsibilities

• Develop and implement the annual internal audit plan based on risk assessments.
• Lead and manage the internal audit team, providing guidance, mentorship, and performance evaluations.
• Oversee audits across various departments to ensure compliance with policies and regulations.
• Assess adequacy and effectiveness of internal controls and identify remediation actions.
• Report audit findings to the Audit Committee and senior management.
• Follow up on audit recommendations to ensure timely closure.
• Stay updated on industry regulations, best practices, and emerging risks.
• Conduct special investigations such as fraud investigations.
• Foster relationships with external auditors and regulatory bodies.
• Promote a strong internal control culture throughout the organization.

Skills

Auditing standards

Regulatory compliance

Leadership

Communication

Education

Master's degree

Job description

About the Role

A leading financial institution located in Randburg , Gauteng, is seeking a highly experienced and seasoned Head of Internal Audit. This senior leadership role is responsible for developing and executing the internal audit strategy, overseeing all audit activities, and ensuring the company maintains strong internal controls and robust risk management practices. The ideal candidate will possess extensive experience in auditing complex financial systems, a strong understanding of regulatory requirements, and exceptional leadership capabilities to manage a team of auditors. This is a pivotal position within the governance framework of the organization in Randburg .

Key Responsibilities

• Develop and implement the annual internal audit plan based on risk assessments.
• Lead and manage the internal audit team, providing guidance, mentorship, and performance evaluations.
• Oversee the execution of audits across various departments, ensuring compliance with policies, procedures, and regulations.
• Assess the adequacy and effectiveness of internal controls, identifying control weaknesses and recommending remediation actions.
• Report audit findings and recommendations to the Audit Committee of the Board and senior management.
• Follow up on the implementation of audit recommendations to ensure timely and effective closure.
• Stay updated on relevant industry regulations, best practices, and emerging risks.
• Conduct special investigations as required, such as fraud investigations.
• Foster strong working relationships with external auditors and regulatory bodies.
• Promote a strong internal control culture throughout the organization.

Requirements

• Master's degree in Accounting, Finance, or a related field.
• Professional certification such as CA(SA), CIA (Certified Internal Auditor), CISA, or equivalent is mandatory.
• A minimum of 10 years of progressive experience in internal audit, with at least 5 years in a leadership or managerial role.
• Extensive knowledge of auditing standards (IIA), risk management frameworks, and internal control principles.
• Proven experience in auditing financial services organizations and regulatory compliance.
• Strong analytical, problem-solving, and critical thinking skills.
• Excellent leadership, team management, and interpersonal abilities.
• Exceptional report writing and presentation skills.
• Ability to communicate effectively with all levels of management and the Board.
• Integrity, objectivity, and a strong ethical compass.

Benefits

Our client offers a highly attractive salary package, comprehensive medical and retirement benefits, and performance-driven bonuses. Significant opportunities for professional development and career advancement are available within this reputable financial institution. The role is based on-site in Randburg , fostering strong team collaboration and direct impact.