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Job Description

Role Overview

The role has responsibility for the delivery of audits in the Governance, Regulatory, Compliance and Risk Management domains within Old Mutual Limited (OML). This is an exciting role for someone interested in being at the forefront of modern assurance and advisory activities of the governance and regulatory environment of a diversified financial services group.  In particularly the areas of market conduct and customer-centric regulation, financial crime (including Anti-Money Laundering and FATCA), governance, compliance and risk management. The role is responsible for the delivery of audit engagements, support in the development of the annual audit plan and delivery of the audit plan, identification of modern data analytic continuous monitoring techniques and robotic audit opportunities within the portfolio, updating the audit universe, execution of audits and preparation of audit reports. This role will support the Senior Audit Manager and Audit Manager for the Governance, Regulatory and Compliance (GRC) portfolio in executing on audits and supporting the managing of stakeholder relationships.

Key Result Areas

Contribute to the development of the portfolio audit plan including the update and maintenance of the audit universe and identification of emerging risksContribute to the development of the GIA-wide audit plan, providing regulatory, governance and risk management insights on trends and emerging areas of focusExecute and deliver the audit plan and management requests timeouslyContribute towards and provide updates on the Combined Assurance Plans for the portfoliosApply knowledge of governance and risk management to develop the internal audit plan and deliver audit engagements within the portfolioApply knowledge of the regulatory environment and key legislation impacting the business, to develop the internal audit plan and deliver audit engagements within the portfolio as well as across the GIA-wide portfolio, including Rest-of-AfricaDevelops process understanding, risk and control matrices and perform control design and effectiveness assessmentsPrepare the audit planning memorandum and letter of intentDeliver impactful audit assignments on time, within budget and in accordance with GIA methodology and in line with agreed quality standardsIdentify areas for continuous controls/risk monitoring, utilizing data analytic techniques, as well as audit automation opportunities and facilitate the implementationAnalyse root causes of issues identified and make recommendation to management to improve the control environmentDelivery of impactful audit findings/reports with well thought out management actions and due datesFacilitate the agreement of audit findings and ratings with the relevant stakeholdersFacilitate the integrated audit approach where necessary, such as use of IT and data analyticsExecute on the issues assurance plan and ensure it is executed timeously and within quality standardsSupport the Audit Manager/Senior Audit Manager/Lead/Head of Audit with administration activities.Support the Audit Manager/Senior Audit Manager/Lead in managing stakeholder engagement and relationships at the appropriate level.Assist with the management of the portfolio GIA stats process and monthly reporting process by engaging line 1 and line 2Comply with IIA Code of Ethics and GIA Policies and ProceduresContribute to a positive, professional and caring culture with GIA and support activities and initiatives focusing on the development of expertise

Role Requirements: Skills, Qualifications & Experience

MatricLLB or BCom degree or Relevant qualification (majoring in either auditing, risk management, accounting, compliance, law, governance)Post graduate qualification highly advantageousMinimum 3 – 5 years in auditing, risk management or complianceExperience in the long-term (life) insurance, wealth and asset management industries will be advantageousKnowledge of market conduct frameworks and regulationsExperience in integrated assurance approaches utilising data analytic techniques will be advantageousGood background in the financial services industry and its regulatory environmentGood understanding of the business management processes, risks and controlsExperience of client relationship management as part of the assurance processGood written, verbal communication and interpersonal skillsAble to travel locally and internationallyProven track record in dealing with audit clientsUses Microsoft Word and Excel effectivelyProfessional and positive attitudeStrong analytical skillsDeadline-orientated and client-centric

Skills

Education

Bachelors Degree (B)

Closing Date

28 September 2024

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19.

All prospective employees are required to disclose their vaccination status as part of the recruitment process.

Please refer to the Old Mutual’s Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so.

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