Internal Audit Manager

Gauteng Partnership Fund; Johannesburg; On-site; ZAR 900,000 - 1,300,000; Full time

Job summary

The Gauteng Partnership Fund invites applications for the role of Manager: Internal Audit Management in Sandton. The incumbent will lead the internal audit function, currently co‑sourced, and oversee outsourced engagements under a service level agreement.

Reporting to the Audit and Risk Committee and the leadership team, you will shape strategy, approve charters, monitor risk controls, and ensure alignment with IIA standards and governance processes.

Responsibilities

• Strategic planning and implementation of the internal audit function.
• Develop and maintain Internal Audit Methodology and charters.
• Oversee outsourced audit engagements and ensure quality of work.
• Prepare monthly/quarterly audit reports for Exco and Audit & Risk Committee.

Tools

Audit software

Job description

Title of the Job: Manager: Internal Audit Management

Grade / Level D4 (Paterson)

Location: Sandton Salary: Market relatedClosing Date: 31 August 2026

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.

Key Performance Areas:

1. Strategic Planning and Implementation
   1. Develop the Internal Audit strategy and internal audit 3 year rolling plan:
      • Identify areas of high risk through participation in the risk assessments of the unit and the audit universe.
      • Plan for resources and identify resource gaps.
      • Identify the tools required to deliver on the strategy and implement audit engagements.
      • Determine budget requirements.
      • Plan for audit engagements.
   2. Develop the Internal Audit Charter to define the following:
      • Purpose of existence for the function within the organisation
      • Responsibilities of the Internal Audit function
      • Access to information
   3. Develop and update the Audit and Risk Committee Charter and Internal Audit Charter and submit to the Audit and Risk Committee for review.
   4. Develop, review, and update internal audit policies, tools (e.g.: audit software) and processes
   5. Conduct periodic adhoc assignments as requested by management
   6. Oversee and ensure quality of work delivered by the outsourced internal audit team
   7. 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
   8. Attend Exco meetings by standing invitation with no voting rights and provide consultative advice on risk management, internal controls deficiencies and governance processes
   9. Engage with the Chairman of the Audit and Risk Committee to provide advice and guidance on audit engagements and audit processes
   10. Develop and maintain Internal Audit Methodology
2. Audit Execution Oversight
   1. Review and sign-off engagement letter and quality check that key issues have been identified and raised, ensuring alignment to the operational plan
   2. Participate in discussions on audit engagements with key stakeholders and identify any concerns to be addressed during the audit
   3. Review and sign off planning documents providing an oversight of the environment to be audited and identifying changes to be addressed during the audit
   4. Review and sign off on the planning memorandum issued by the Internal Audit Manager
   5. Oversee the progress of audits to ensure that audits are executed within the agreed scope, budget and within the allocated timeframes
   6. Attend to escalated audit queries and elevate to Head of the Unit, Exco and the Audit and Risk Committee where query is still not addressed
   7. Ensure audits are executed in accordance with the approved audit plan and as per the Institute of Internal audit (IIA) standards
   8. Oversee the external audit process and ensure that audit findings are implemented
3. Audit Reporting Oversight
   1. Review and sign off all draft and final audit reports
   2. Produce monthly reports to identify challenges and key observations during audit engagements for submission to Exco
   3. 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
   4. Review, approve and distribute final audit report following an audit engagement to communicate with the stakeholder and address audit findings
   5. Lead communications with the internal stakeholder to address audit findings
   6. 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
   7. 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
   8. Produce the annual Audit and Risk Committee report on behalf of the Audit and Risk Committee
4. Financial Management
   1. Plan and forecast capital expenditure within area of responsibility
   2. Compile budget inputs in accordance with policies, procedures and legal requirements
   3. Manage costs against approved budget
5. Management of Outsourced Services
   1. 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
   2. Engage in the finalisation and sign-off of an SLA aligned to the Internal Audit Coverage Plan of the GPF
   3. Manage the execution of the SLA on behalf of the GPF ensuring delivery of stated targets within agreed timeframes
   4. Address contingency issues as they arise in the scope of execution
   5. Ensure performance management against targets and the implementation of mitigation measures where necessary
   6. Takes full accountability for the delivery of the outsourced internal audit function
6. Stakeholder Management
   1. Conduct regular meetings and communications with all relevant stakeholders
   2. Present to public audiences at seminars and conferences on GPF's work
   3. Create opportunities for project partnerships
   4. Engage in stakeholder consultations to understand their issues and share challenges
   5. Network extensively with current stakeholders in order to maintain awareness of relationship benefits
   6. Engage Auditor-General on key risk areas and audit findings
7. Teamwork
   1. Meeting with divisional heads to prepare for both internal and external audits
   2. Ability to work closely with others
   3. Being pro-active in assisting others
   4. Contribution to business unit meetings and brain storming sessions
   5. Mentoring and coaching of interns and peers

8. Adhoc duties

a. Assignments from the Board of Trustees, CEO, and the leadership team as and when required