Successful candidate will be expected to:
Strategic Planning
Lead the development, management, and execution of the BMA's strategies, providing input into overall strategy, policy, and decision-making.
Set and drive a comprehensive internal audit vision, goals, and objectives to support the BMA's strategy.
Establish, maintain, and improve Standard Operating Procedures (SOPs), policies, and guidelines for internal audit in consultation with other executives.
Contribute to key decisions on BMA processes, projects, and policies, managing all relevant changes.
Responsible for developing and implementing risk management strategies.
Ensure that Internal Audit strategic plans are aligned to the organisation's wide risk management plan.
Ensure the organisation has a system to identify and mitigate strategic and operational risks.
Manage and monitor the implementation of risk management and mitigation strategies in the organisation.
Functional leadership and Audit Function
Develop the internal audit strategy and oversee the establishment and maintenance of audit methodology and an effective quality assurance and improvement program
Develop and implement the annual audit plan as approved, including the performance of comprehensive internal audits (financial, operational. legal compliance, performance and IT audits as well as forensic audits and investigations and consulting services. The consulting services may include the provision of advice and counsel:
Conduct performance audits:
Develop and implement a risk management strategy aligned to legislation such as PFMA and the MFMA together with corporate governance codes.
Develop and manage an effective and efficient risk management strategy and structure.
Conduct governance and compliance audits.
Mitigate the BMA's primary compliance threats by developing risk maps and strategic action plans.
Ensure adherence to the International Standards for the Professional Practice of Internal Auditing and relevant codes of conduct and ethics.
Develop and manage an effective and efficient risk management strategy and structure.
Implement operational risk management and mitigation processes to prevent losses caused by insufficient or failed procedures, systems or policies.
Mitigate the BMA's primary threats by developing risk maps and strategic action plans.
Conduct information technology and financial audits:
Execution of internal audit planning, mitigation and reporting.
Provide technical and secretariat support services to the governance Committees:
Provide quality assurance services. review and approval.
Ensure adherence with the International standards for the professional practice of internal auditing and further compliance with the codes of conducts and ethics.
Financial Management
Provide input in the planning and compilation of the business unit's annual budget aligned to the operational plans to support the implementation of set objectives.
Ensure the effective implementation, management, monitoring of the business unit's budget, and mitigate and report on any variances.
Monitoring financial control, budget management and the procurement process to ensure compliance with the legislation e.g. (PFMA, PPFA, and BBBEE).
Ensure the deployment of proper financial controls to manage the business unit budget.
Report on and communicate any costs improvements and shortfalls.
People Management
Build and lead an effective and cohesive team through the effective management of divisional resources.
Drive the implementation of talent acquisition, succession planning, development, and retention strategies for the division.
Ensure the enhancement of relevant knowledge and skills through continuous coaching, mentoring and nurturing of talent in the business unit.
Create a high-performance culture and manage team performance effectively by translating and communicating the annual performance goals and measures into individual work plans based on agreed upon objectives.
Ensure the working environment contributes to improving employee engagement, recognition and increased productivity.
Ensure the management of poor performance and disciplinary matters in line with the BMA's policies and procedures.
Governance and Reporting
Review the Internal Audit Charter to ensure it reflects the appropriate scope, responsibility, and authority
Report periodically to senior management and the Audit Committee on internal audit activities, including purpose, authority, responsibility, and performance relative to the approved plan.
Provide assurance to the Audit Committee and EXCO.
Ensure the organization's alignment with the Public Finance Management Act (PFMA), King V, and IIA standards.
Review the Internal Audit Charter to ensure it reflects the appropriate scope, responsibility, and authority.
Requirements
Minimum Qualifications
Honours Degree (NQF Level 8) in Internal Audit, Accounting, Finance, or Commerce as recognised by SAQA.
Minimum Experience
Minimum of 10 years' total experience in internal audit, risk management, or governance roles.
At least 5 years of experience in a management or senior management role within internal auditing or risk management .
Professional registration or license requirements
Registered with the Institute of Internal Auditors (IIA)
Certified Internal Auditor (CIA) OR Professional Internal Auditor (PIA)