Head of Audit: Non-life Insurance Sa

Empowering Africa’s tomorrow, together one story at a time.
- With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job Summary

The Head of Audit: Non-life Insurance South Africa will provide end to end audit support to the Non-life Insurance Business. This role is responsible for defining the audit plan for this portfolio and is part of the IA Extended Leadership team, ensuring the delivery of the audit plan and compliance with the relevant IA assurance methodology. The incumbent will be accountable for the quality of the audit work performed, as well as the efficiency and effectiveness of the audit team. Excellent communication skills, both written and verbal, are essential. Additionally, the ability to manage multiple senior stakeholders including the Board and Regulator while delivering on commitments is required. This position is ideal for individuals seeking to enhance their bancassurance experience within a dynamic, risk-based environment.

Job Description

Leadership and People Management:

- Leadership/Values/Culture: Demonstration of Absa and IIA code of conduct values/behaviours in all aspects of work. Playing a positive role in team effectiveness sessions and in the unpacking of Colleague Experience Survey results.
- Promote a positive team culture and enhance employee engagement
- Embed the performance culture and role model Group values and behaviours.
- Manage and lead teams through change, both individually and as a function.
- Actively contribute to the wider talent development of the function through coaching, mentoring, providing constructive feedback.
- Promote continuous learning and development among internal auditors to enhance their skills and knowledge.
- Attract and retain talented individuals who can contribute to the Audit Function of the future, building a strong pipeline of skills and capabilities.

Stakeholder Management:
The key stakeholders will be the Non-Life Insurance SA Board, Managing Executives and their Exco teams. With emphasis on:

- Build and maintain strong relationships with key stakeholders, including senior management, governance committees, and regulators.
- Possess excellent communication skills (verbal and written) to effectively communicate to stakeholders.
- Build relationships with the business on key initiatives, attending key committees and sharing their view of the business’ control assessments.
- Know our clients/customers and understand how the team’s work benefits them.
- Develop an in-depth knowledge of Absa and the various business areas and use this knowledge to execute on assurance responsibilities.
- Foster positive engagement with stakeholders to enhance the value of the audit function.
- Develop and maintain relationships with all assurance partners and actively monitor the risk profile of the business to inform audit planning, reporting and audit delivery. Support the Combined Assurance effort across the three lines of defence to strengthen the control environment.

Strategic Initiatives:

- Digitally and Technology enable: Contribute to the development of the Digital Book of Work of the IA Function.
- Stakeholder engagement model: aligned to IA overall principles for driving a professional, value adding, service oriented, digitally savvy owner led stakeholder engagement approach for the portfolio.
- Contribute to the overall Absa IA Brand, Positioning and Communication Initiatives.

Audit Delivery and Continuous Monitoring Activities:

- Ensure the delivery of high-quality and timely audit reports, governance reports and issue validations that add value to the group that adheres to the audit methodology and quality standards.
- Define and maintain a risk based internal audit plan for the Non-Life Insurance SA and Advice & Investment businesses that supports the achievement of Absa's objectives that is completed in a timely manner in line with approved phasing.
- Use of digital assets and /or data analytics in audits, continuous auditing and portfolio reviews.
- Provide high-quality, relevant, simple and valuable reports that are easy to understand and actionable to key stakeholders including senior management, governance committees and regulators.

Knowledge Management
- Continuous upskilling on both technical and other core competencies.
- Keeping up to date with industry trends, regulatory changes and professional standards.
- Based on knowledge of business areas, provide guidance to other audit team and peers by sharing best practice so that their work meets and sometimes exceeds quality standards
- Ensure that the internal audit function complies with all relevant regulatory requirements, including those set by the Prudential Authority.

Preferred Education
- Bachelor's Degrees and Advanced Diplomas: Business,