Internal Audit Manager

KORAKHOA SOLUTIONS; Durban; On-site; ZAR 900,000 - 1,200,000; Full time

Benefits offered by this job

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Job summary

KORAKHOA SOLUTIONS in Durban requires an Audit Manager to plan, lead and execute risk-based internal audits across all business units. The role ensures governance, risk management, internal controls and regulatory compliance are effective, while supervising staff and managing stakeholder relationships.

The successful candidate will oversee audit planning, perform testing, and coach auditors to uphold IPPF standards and high-quality documentation.

Qualifications

• Bachelor's degree in internal audit, accounting, finance or commerce or related field.
• Professional certifications preferred: CIA, CA(SA) or CISA.

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 to identify risks and trends.
• Report findings to Executive Management and Audit Committee.

Education

Bachelor's Degree in Internal Audit

Bachelor's Degree in Accounting

Bachelor's Degree in Finance

Bachelor's Degree in Commerce or related field

Job description

Durban, South Africa | Posted on 09/21/2026

We offer comprehensive services in Recruitment(Permanent, Temporary, Fixed-term Contracts), Payroll Administration, andLabour Relations.

Job Description

Purpose of the Role

The Audit Manager is responsiblefor planning, leading and executing risk-based internal audits across allbusiness units of the Bank. The role provides independent assurance on theadequacy and effectiveness of governance, risk management, internal controlsand regulatory compliance.

The successful candidate willsupervise audit assignments, manage stakeholder relationships, develop auditstaff and contribute to the continuous improvement of the Internal Auditfunction.

Key Responsibilities

Audit Planning and Execution

• Lead and manage end-to-end internal auditengagements.
  
• Develop risk-based audit programs and testingstrategies.
  
• Evaluate the design and effectiveness of keycontrols.
  
• Perform data analysis and identify emerging risksand trends.
  
• Ensure audits are completed within agreed timelinesand budgets.
  

Reporting

• Prepare high-quality audit reports for ExecutiveManagement and the Audit Committee.
  
• Clearly articulate findings, root causes, riskimplications and recommendations.
  
• Present audit observations to senior management.
  
• Ensure consistency in audit documentation andworking papers.
  

Stakeholder Management

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

Audit Quality Assurance

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

Regulatory and ComplianceAssurance

• 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 assesspotential impact on the Bank.
  

Follow-Up Reviews

• Monitor implementation of agreed managementactions.
  
• Conduct follow-up audits to verify remediation offindings.
  
• Report overdue actions and significant controlweaknesses 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 followingpreferred:

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

Experience

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