Senior Auditor: Group Internal Audit

Who are we?
Sanlam was established as a life insurance company in South Africa but has since transformed into a diversified financial services group that operates across the African continent, India, Malaysia and selected developed markets, with listings on the Johannesburg, A2X and Namibian stock exchanges. In 2018 the Group celebrated its centenary as well as 20 years since demutualisation and listing in South Africa and Namibia. Sanlam is one of the largest internationally active insurance groups in the world with a presence in 43 countries and has the biggest non-banking financial services footprint on the African continent.

The Group's four business clusters (Sanlam Life and Savings, Sanlam Investment Group, Sanlam Emerging Markets and Santam) house the Group's business operations. The Group Office provides strategic direction and support to the four clusters, assisting them in realising their strategies and meeting their business objectives. The Group Office is responsible for governance and for the Group's centralised functions, which include: Finance, Actuarial and Risk Management, Strategy, Human Resources, Market Development and Brand Services.
What will you do?
Define sample criteria / extract samples
Perform control effectiveness reviews (CERs)
Confirm effective working of internal controls by execution of audit programme
Document audit work
Draft/ update audit programme with changes
Communicate audit observations (developing appropriate management comments and basic audit reporting)
Perform control adequacy reviews (CARs)
Obtain background information, define the business process and identify the objectives of the process
Identify and score risks and identify risk mitigation strategies
Assess level of residual risk and report on high levels of residual risks
Communicate audit observations (developing appropriate management comments and basic audit reporting)
Draft/ update audit programme with changes
Assist Audit Specialist with the management of the execution of the control effectiveness reviews
Identify key controls
Create / update / finalise the audit programme to test the effectiveness of key controls
Assemble and set-up the internal auditors
Provide on-the-job supervision and transfer of knowledge
Report control breakdowns / audit findings to appropriate levels of management
Perform ad hoc management requests / projects
Manage a team on individual audit assignment
Transfer of knowledge to Auditors
Client relationship management
Assist with performing “on-the-job” quality assurance (including selected CER file and audit programme review)
Provide ad hoc assistance to Audit Specialists and Audit Management What will make you successful in this role?
Ability to execute a CER and perform basic risk and control assessments
Understand the role of control models
Understand all IIA Standards and Implementation Guidance as it relates to audit assignment execution
Understanding of sampling
Ability to effectively use the basic functionality of the technology commonly used
Understand the objectives and process flow of basic business processes
Detailed knowledge on how to perform a CAR and how to draft an audit programme.
Basic level of understanding of staff management practices Qualification and Experience
A completed Bcom degree or equivalent degree in Financial Accounting or Management Accounting
Minimum of 5 years auditing experience
Completed SAICA articles will be advantageous
Audit experience in the Financial Services sector will be advantageous
Prepared to travel
Valid driver’s license. Knowledge and Skills Conducts Internal Audits Reporting Audit working papers Personal Attributes Plans and aligns - Contributing independently Business insight - Contributing independently Decision quality - Contributing independently Communicates effectively - Contributing independently Build a successful career with us
We’re all about building strong, lasting relationships with our employees. We know that you have hopes for your future - your career, your personal development and of achieving great things. We pride ourselves in helping our employees to realise their worth. Through its four business clusters - Sanlam Life and Savings, Sanlam Investment Group, Sanlam Emerging Markets, Santam, as well as MiWay and the Group Office - the group provides many opportunities for growth and development.

The Sanlam Group is committed to achieving transformation and embraces diversity. This commitment is what drives us to achieve a diverse, inclusive and equitable workplace as we believe that these are key components to ensuring a thriving and sustainable business in South Africa. The Group's Employment Equity plan and targets will be considered as part of the selection process.