Head of Internal Audit, Western Cape, R2.5m pa

A new digital bank is being built and you get to be part of it.

The Head of Internal Audit provides the Board and Exco with independent, objective assurance on the adequacy and effectiveness of governance, risk management and internal control across the Bank, including credit, operational, IT/cyber, financial crime and conduct risk.

As a third line function, this role is deliberately independent of the first line (business) and the second line (Risk and Compliance), and reports functionally to the Board Audit Committee to preserve that independence. This role leads and develops the Bank's Internal Audit team, and is accountable for the function's overall audit plan, methodology and quality. Establishing a credible Internal Audit function early is critical to the Bank's licence conditions and to Prudential Authority confidence in its control environment.

• Audit strategy, charter & planning
• Independent assurance & reporting
• Regulatory engagement & quality assurance
• Build and lead a multi-disciplinary Internal Audit team with skills spanning credit, IT/cyber, data analytics and financial crime as the Bank scales.

• Chartered Accountant (SA) and/or Certified Internal Auditor (CIA) designation required, or well advanced towards completion.
• Relevant Bachelor's degree in Accounting, Finance, Risk Management or a related field.
• CISA (Certified Information Systems Auditor) or equivalent advantageous, given the importance of IT/cyber audit coverage.
• A minimum of 10-12 years' internal or external audit experience within banking or financial services.
• At least 5 years leading an internal audit function, or in a senior internal audit leadership role, within a regulated financial institution.
• Demonstrated experience reporting directly to, and managing the expectations of, a Board Audit Committee.
• Experience engaging with the Prudential Authority or equivalent prudential regulators during inspections or reviews.
• Experience establishing or scaling an internal audit function in a growing or newly licensed institution is advantageous.
• Independence, objectivity and ethical courage
• Strategic and analytical thinking
• Board and Audit Committee-level communication
• Leadership and capability building
• Resilience and diplomacy when raising difficult findings Curiosity and a continuous-improvement mindset

R180k to R210k pm

JOB REF: DEV00631

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