Head- Internal Audit at TAC Professional Services

Our Client in mining sector is presently in need of Head- Internal Audit unit 

Responsibilities:

Enterprise Risk Management

• Assess the risk management and internal control systems are operational as intended
• Review the completeness of management’s risk analysis and actions taken to remedy issues raised by risk management processes, and suggest improvements
• Evaluate risk exposures relating to the organisation’s governance, operations and information systems
• Communicate with senior management and Board on risk-related issues that may indicate weakness in risk management practices.
• Facilitate review of strategic and business risk issues and assess risk governance framework

Inter Auditor Engagement Planning

• Evaluate completeness and relevance of risk assessments
• Review and approve audit engagement plans
• Evaluate the relevance and the prioritization or focus of the audit plan and its alignment with IA and organizational strategies
• Assess that audit plan sufficiently covers the scope, addresses key risks and considers expectations of Senior Management and Board
• Establish key performance indicators to measure the progress and performance of each initiative against expectations

Internal Auditor Engagement Execution

• Identify and escalate strategic implications to the organization from audit engagement findings
• Evaluate that significant risk exposures and control issues, including fraud risk and governance issues are covered in the final engagement communication
• Resolve findings and issues with senior management
• Communicate objectively audit engagement results to senior management and board

Internal Auditor Function Management

• Establish internal audit (IA) audit charter including IA terms of reference and service delivery approach
• Review and adjust the internal audit team skills mix and diversity according to organisation's objectives      and risks
• Lead and assess annual risk analysis to formulate risk-based audit plan.
• Develop and implement a plan for professional and career development of IA staff
• Determine an adequate budget to support IA planned activities
• Establish clear performance standards for internal auditors and the internal audit function
• Establish appropriate appraisal system and conduct performance appraisal of IA teams
• Establish recruitment system that result in competent performers being hired
• Manage board, audit committees and senior management

Internal Audit Quality Assurance

• Review the results of the assessment
• Establish a reporting structure for results of assessments that maintains appropriate credibility and objectivity
• Communicate results of QAIP to senior management and the board
• Information Gathering and Analysis
• Evaluate business insights, assess the strategic implications and make appropriate recommendations
• Communicate high risks areas with process owners, Senior Management and Board
• Communicate opportunities to Senior Management and Board

Requirements:

• Ability to plan, organize, coordinate, and direct a comprehensive internal audit function in a public institutional setting.
• Skill in budget preparation and fiscal management.
• Ability to communicate effectively, both orally and in writing.
• Skill in examining and re-engineering operations and procedures, formulating policy, and developing and implementing new strategies and procedures.
• Ability to analyze and solve problems.
• Knowledge of organizational structure, workflow, and operating procedures.
• Ability to establish, implement and evaluate short- and long-range audit plans.
• Knowledge of court processes and legal documentation requirements.
• Ability to supervise and train employees, to include organizing, prioritizing, and scheduling work assignments.
• Ability to foster a cooperative work environment.
• Ability to provide legal depositions and testimony.
• Employee development and performance management skills.
• Ability to work effectively with diverse populations.
• Knowledge of financial/business analysis techniques.
• Ability to persuade and influence others.
• Ability to perform and evaluate the quality of audit work.
• Knowledge of current changes and/or developments in applicable federal, state, local laws, and university policies and procedures.
• Knowledge of faculty and/or staff hiring procedures.

Experience and Qualifications

• Proven 5 year working experience as Head-Internal Auditor or Senior Auditor
• Advanced computer skills on MS Office, accounting software and databases
• Ability to manipulate large amounts of data and to compile detailed reports
• Proven knowledge of auditing standards and procedures, laws, rules and regulations
• High attention to detail and excellent analytical skills
• Sound independent judgement
• Msc in Accounting or Finance
• Member of relevant professional body is mandatory.
• Experience in Mining or Exploration will be an added advantage.