Senior Internal Auditor - Financial Services Sector

Placements24; Stellenbosch; On-site; ZAR 900,000 - 1,200,000; Full time

Benefits offered by this job

Performance bonus

Medical aid

Retirement fund

Generous leave

Professional development

Diverse exposure

Supportive environment

Job summary

Placements24 is seeking a Senior Internal Auditor for our client in Stellenbosch, a leading financial institution in the Western Cape winelands. This on-site role ensures integrity of internal controls, risk management, and governance across units.

You will plan, execute, and report on complex audits, mentor junior staff, and collaborate with external auditors to strengthen controls and regulatory compliance.

Qualifications

• Bachelor's degree required in accounting, auditing, finance, or related field.
• CIA, CA(SA), or CISA certification is essential.
• 5-7 years in internal or external auditing, preferably financial services.
• Solid understanding of COSO, risk assessment, and controls.

Responsibilities

• Plan, execute, and report on internal audits of financial, operational, and IT processes.
• Assess the adequacy and effectiveness of internal controls, risk management frameworks, and governance processes.
• Identify control weaknesses, operational inefficiencies, and instances of non-compliance.
• Develop practical recommendations to address identified risks and control deficiencies.
• Communicate audit findings and recommendations to management and the Audit Committee.
• Conduct follow-up reviews to ensure actions are implemented.
• Stay current with audit standards and regulatory requirements.
• Mentor junior audit staff on engagements.
• Collaborate with external auditors and regulatory bodies.

Skills

Audit planning

COSO framework

Risk assessment

Data analysis

Report writing

Mentoring

Education

Bachelor's degree in Accounting/Auditing/Finance

Tools

Audit management software

Data analysis tools

Job description

About the Role

Our client, a reputable financial institution in the heart of the Western Cape winelands, is seeking a highly experienced Senior Internal Auditor for their operations in Stellenbosch . This critical on-site role is integral to ensuring the integrity and effectiveness of the organization's internal control systems, risk management processes, and governance. You will lead and execute complex audits across various business units, providing assurance on operational efficiency and regulatory compliance. This position demands a meticulous approach, strong analytical skills, and a deep understanding of financial services operations and audit methodologies. As a Senior Internal Auditor, you will play a vital role in safeguarding the company's assets and reputation, contributing to its continued success and stability.

Key Responsibilities

• Plan, execute, and report on internal audits of financial, operational, and IT processes.
• Assess the adequacy and effectiveness of internal controls, risk management frameworks, and governance processes.
• Identify control weaknesses, operational inefficiencies, and instances of non-compliance.
• Develop practical recommendations to address identified risks and control deficiencies.
• Communicate audit findings and recommendations to management and the Audit Committee.
• Conduct follow-up reviews to ensure that agreed-upon management actions have been implemented effectively.
• Stay current with professional audit standards, regulatory requirements, and industry best practices.
• Mentor and guide junior audit staff on specific audit engagements.
• Collaborate with external auditors and regulatory bodies as required.

Requirements

• Bachelor's degree in Accounting, Auditing, Finance, or a related business field.
• Professional certification such as CIA, CA(SA), or CISA is essential.
• Minimum of 5-7 years of experience in internal or external auditing, preferably within the financial services industry.
• Strong understanding of auditing principles, risk assessment, and control frameworks (e.g., COSO).
• Proven experience in planning and executing complex audit engagements.
• Excellent analytical, problem-solving, and investigative skills.
• Strong written and verbal communication skills, with the ability to produce clear and concise audit reports.
• Proficiency in audit management software and data analysis tools.
• Ability to work independently and manage multiple audit projects concurrently.

Benefits

• Competitive salary and performance-based bonus structure.
• Comprehensive medical aid and retirement fund contributions.
• Generous leave policy.
• Support for professional development and continuing education.
• Exposure to diverse business operations within a leading financial institution.
• A professional and supportive working environment.