Chief Audit Executive

**CHIEF AUDIT EXECUTIVE (CAE)**

The Western Cape Gambling and Racing Board (WCGRB) is seeking an experienced and strategically-minded Chief Audit Executive (CAE) to lead its internal audit function. This critical leadership position reports functionally to the Audit and Risk Committee and administratively to the Chief Executive Officer. The CAE plays a vital role in providing independent assurance and advisory services that support good governance, effective risk management, and regulatory compliance in alignment with the IIA Global Internal Audit Standards and King IV principles.

**The minimum requirements are**:

- A relevant bachelor’s degree in Accounting/ Auditing/ Finance/ Risk Management, and/or a related field, along with a **Certified Internal Auditor (CIA)** qualification. Additional professional certifications such as CRMA, CA(SA), CISA, or CPA will be advantageous.
- A minimum of **8 years' experience** in internal auditing, enterprise risk, or related assurance functions is required, including at least **5 years at a management level**, with proven interaction and engagement with Boards or Audit Committees.

**The key performance areas of this position will include, inter alia**:

- Lead the development and execution of a comprehensive, risk-based rolling three-year strategic audit plan, aligned with regulatory priorities and the WCGRB’s risk profile.
- Provide expert advice to the Audit and Risk Committee, ensuring effective governance and oversight.
- Develop and implement the Internal Audit Strategy for approval by the Audit and Risk Committee, including other key internal audit policies.
- Oversee compliance monitoring and conduct investigations into non-compliance, fraud and irregularities.
- In collaboration with the Chief Risk Officer and Executive Committee, identify and manage operational, financial, legal and reputational risks to safeguard the Board’s integrity.
- Ensure that all internal audit activities comply with the International Standards for the Professional Practice of Internal Auditing (IIA Standards), while fostering a culture of continuous learning and professional development within the audit team.
- Review and provide assurance on the WCGRB’s Annual Financial Statements prior to submission to external auditors.
- Enhance audit policies and methodologies by incorporating best practices and leveraging emerging technologies to improve audit efficiency and effectiveness.
- Manage the internal audit function with strategic oversight and independence, including oversight of outsourced service providers to ensure quality and value.
- Oversee the design and implementation of a combined assurance framework, in coordination with other assurance providers, to deliver holistic, risk-based assurance to the Board. This includes reporting on the progress made in addressing internal and external audit findings to the Audit and Risk Committee.
- Advise the Board and executive leadership on matters of risk, governance and compliance, and support the integration of risk management into strategic planning and performance management processes.
- Conduct selected audits and advisory engagements independently, while cultivating a high-performance culture through mentoring, training, and ethical leadership.
- Prepare and present clear, timely reports to the Audit and Risk Committee, the Board, and executive management, ensuring transparent communication of audit findings and risk insights.
- Implement and manage a Quality Assurance and Improvement Programme (QAIP), including regular internal assessments and external quality reviews, in accordance with IIA requirements and applicable governance frameworks such as King IV and the PFMA.
- Monitor financial reporting, procurement compliance, and internal controls to ensure the WCGRB upholds the highest standards of integrity, accountability, and good governance.

**Remuneration**

The Board offers an all-inclusive salary package (including 13th cheque) of R 1 059 105 per annum (Salary Level 12).

Closing Date: 4 July 2025

**The Board supports both employment equity and affirmative action as contained in its employment equity plan and affirmative action policies and targets and the position will be filled in accordance with the relevant plan and policies.

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