Internal Auditor

(Land Bank) is South Africa's only specialist agricultural bank established in 1912, the bank's sole objective is to serve South African commercial and emerging farmers and bring specially designed financial services within their reach. These services enable farmers to finance land, equipment, improve assets and obtain production credit. The Land Bank provides financial services that have moved with the times and continues to provide services to agri-business and constantly reviews its offerings to ensure that they match the needs of an industry. As change has swept across the sector in South Africa the socio-economic makeup of agriculture has altered, bringing new entrants from historically disadvantaged backgrounds on to the land, these new farmers, facing the challenges of establishing sustainable agri-businesses across the agricultural value chain, Land Bank has been a commercial lifeline offering appropriately designed financial products that facilitate personal and commercial viability in a sector that is vital to the sustainability of South Africa and its people.

MAIN PURPOSE OF THE JOB

Identify, assess the risks within Land Bank's business processes in accordance with best practice, company policy and relevant regulations. Evaluate the adequacy and operational effectiveness of key management controls in line with the business objectives. Lead, co-ordinate and conduct audit assignments in line with Internal Audit methodology.

1. Audit Planning

• Gain a comprehensive understanding of the audit area and document adequately on TeamMate clearly highlighting identified risks and controls.
• Develop a clear audit scope with explained exclusions.
• Develop a risk and control matrix with clear audit tests.
• Allocate resources in line with the assessed risks and required technical competencies.
• Workshop the risk and control assessment with the audit team.

2.Audit Execution and Quality Assurance

• Co-ordinate audit activities budget and timelines specified in the Audit Planning Memorandum, i.e. resolve any client issues, re-allocation of work, etc.
• Coach audit team, where necessary.
• Timely identify and discuss audit issues identified during the audit, with management
• Timely review of working papers ensuring that audit tests have been performed adequately and conclusions are supported by documented evidence.
• Review audit file and ensure that work performed adequately addresses the audit objectives and agreed scope.
• Execute audit test procedures as agreed with the audit lead.

3. Reporting and Stakeholder Management

• Confirm accuracy of identified audit issues.
• Draft audit issues and report in line with Internal Audit methodology and best practice guidelines.
• Quarterly follow up of audit issues raised.
• Regular engagement with business unit managements to keep abreast of changes, initiatives and emerging risks within business areas that may impact audits.
• Ensures all audit and compliance reports are provided timeously, accurately and in line with requirements.
• Gives input into the management and control of the departmental operational plans and budget.
• Identifies and advises on the need to undertake special projects based on observations during auditing process.
• Analyses routine information for reporting purposes to the Portfolio Manager on the completion of an audit.

• 3 year relevant Bachelor's Degree
• Articles with an audit firm
• 3 years Specialised working experience as an internal auditor of which the majority of the time should be within one of the big 6 banks, in a similar capacity.
• 3 years post articles experience

• Microsoft Office
• Data analytics tools and audit software (e.g. TeamMate)
• International Standards for the Professional Practice of Internal Auditing
• International Financial Reporting Standards (specifically IRFS9)

• Travel as and when required.
• Extended hours as and when required.