The purpose of GIA is to provide independent, objective assurance to the Company Group Limited Board of Directors via the Group Audit Committee (GAC) that the governance processes, management of risk, and systems of internal control are adequate and effective to mitigate the risks (in line with GIA Methodology), both current and emerging, that threaten the achievement of the Group's strategy and key objectives, and in so doing help improve the internal control and risk culture of the Group.
GIA receives its authority from the GAC, which is a committee of the Board of Company Group Limited established to, among other things, review the work of Internal Audit of Company Group Limited and its subsidiaries (the "Group").
Objective and Scope of Work of GIAThe objective and scope of work of GIA is to determine whether the Group's systems of internal controls, risk management, and governance, as designed and operated by management, are adequate and effective.
The scope of GIA's work is determined by a risk-based approach and so the key risks facing the Group, including subsidiaries, and the requirements of the GAC, subsidiary Audit Committees, and the Group and subsidiary Executive Committees. This should include alignment to business strategic priorities.
Job ResponsibilitiesAccountability of the Head of AuditThe Senior Audit Manager – Emerging Technology, in the discharge of his/her duties, shall be responsible, inter alia, to the Company Group CIA / Portfolio Executive/s to:
Support the periodic assessments of the outcomes of internal audit work to appropriate governing bodies, including the GAC, Board Risk Committee, Executive IT Committee (EITCO), and Group IT Committee (GITCO);Report on the overall effectiveness of the governance, risk, and internal control framework of the Group;Comply with regulatory and corporate governance expectations of the internal audit functions;Report significant Emerging Technology issues related to the processes for controlling the activities of the Group, including potential improvements to those processes;Develop and implement technology solutions within Group Internal Audit to gain efficiencies in current audit processes and reporting (i.e. Robotics, AI, Machine Learning, etc.);Report periodically on the progress of the Emerging Technology audit plan delivery;Have in place a robust process to follow up on management's agreed actions to address Emerging Technology issues raised by GIA;Be responsible for the delivery and measurable performance of their respective Emerging Technology portfolio, including audit plan delivery;Apply judgment to provide an overall audit opinion on the Emerging Technology system of internal controls of the Group;Provide insights from the outcomes of internal Emerging Technology audit work to appropriate governing bodies;Develop and maintain relationships with business, industry experts, and key stakeholders to ensure robustness and completeness of audit coverage and contribute as an insight generator/trusted advisor to business to enhance assurance provided over the control environment;Contribute to the development of a 12-month rolling audit plan (including Emerging Technology) using a risk-based methodology, taking into consideration specific business strategic focus areas, regulatory requirements pertaining to internal audit, as well as including any risks or control concerns identified by management, the GAC, and the Board, macro and microeconomic conditions;Deliver and report on the rolling Emerging Technology risk-based internal audit plan;Have a robust process in place to follow up and report on management's progress in implementing agreed actions to address Emerging Technology issues identified by GIA;Maintain an open and constructive relationship with the CIA, GIA HoA: Digital & Technology, Business executives, and key stakeholders by providing value-added services and sharing information.Thought LeadershipResearching and evaluating emerging technologies, such as blockchain, AI, and biometrics.Collaborating with internal teams to identify opportunities for integrating emerging technologies into existing systems and processes.Assessing the regulatory and compliance implications of implementing emerging technologies and ensuring adherence to industry standards.Monitoring industry trends and advancements to stay informed about the latest developments and potential disruptions.Participating in cross-functional teams or committees focused on innovation and digital transformation initiatives within the bank.Client Centric AdvocatePlacing the client at the centre of everything you do.Being relationship-focused (as opposed to product or mono-line focused).Collaborating with colleagues across organisational boundaries.Execution ExpertHaving a bias for action.Focusing efforts on execution and implementation.Practicing decisive leadership.Simplifying things.Standards of Internal Audit PracticeGIA shall comply with the International Standards for the Professional Practice of Internal Auditing of the Institute of Internal Auditors (IIA), including the IIA's Code of Ethics, the ten Core principles, and best practice Internal Audit Methodology.
GIA will maintain a Quality Assurance programme to confirm adherence to IIA standards. The Quality Assurance programme will include an evaluation of the quality of the work performed by GIA and communication of these results to the Group Audit Committee.
Essential Qualifications – NQF LevelAdvanced Diplomas/National 1st Degrees.Preferred QualificationMinimum required qualification: Commercial or related degree;Python Coding, App Development (or another relevant programming or coding Qualification).Understanding of Disruptive technologies (i.e. GenAI, ML, RPA, IoT, etc.).Preferred CertificationsSignificant technical knowledge on development, programming, its supporting technologies, and processes.Minimum Experience Level8 – 10 years financial services experience in a senior position;Emerging Technology implementation and utilisation experience (i.e. Robotics, AI, Machine Learning);Ability to operate at a Senior level;Leadership experience leading teams.Technical / Professional KnowledgeAccounting standards.Change management.Governance, Risk and Controls.Principles of project management.Relevant regulatory knowledge.Risk management process and frameworks.Strategic planning.Institute of Internal Auditors standards.Code of Ethics.Aside from the required qualifications and experience set out above, and in addition to strong technical skills and IQ, strong personal attributes and skills essential to be a successful candidate in this role include:
• Emotional Intelligence (EQ);
• Leadership and judgment;
• Strategic influence and visionary;
• Relationships and stakeholder management;
• Innovation and renewal (of GIA function);
• Business acumen;
• Reporting and communication;
• Cost effectiveness, productivity and value-add;
• Risk-based focus;
• Service excellence;
• People skills & managing staff, including large teams;
• Values-based (especially Integrity, Respect, Accountability, Client-driven, People-centred) and strong Ethics;
• Build a High-Performance Culture;
• Resilience;
• Change Management;
• Coaching and Development;
• Inspiring Excellence; and
• Driving Execution.
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