(1623) Audit Manager - IAD

Brief description

The main purpose of this position is to manage audit activities in order to provide consulting services and independent assurance on the adequacy and effectiveness of the South African Reserve Bank’s (SARB) governance, risk management and control processes.

Detailed description

The successful candidate will be responsible for the following key performance areas:

• Participate in the strategic processes of the department. 
• Contribute strategically to the development of the department’s annual audit plan by identifying and elaborating on priority risks affecting departments and the SARB.
• Prepare case studies and conduct training sessions within the department.
• Mentor other auditors and provide training to managers in areas of governance, risk management and control relevant to the SARB. 
• Lead a team of auditors on audit assignments of varying complexity. 
• Plan audits, allocate and provide quality assurance work, project manage the delivery to set milestones and manage the relationships with the internal clients. 
• Integrate the research of different auditors and the findings from audit tests to scope and set the objectives of the audits and prepare audit recommendations. 
• Compile and review thorough, concise and reliable audit reports, quality assuring and integrating the inputs of other auditors into the final report. 
• Present audit results to the SARB’s heads of department and, where necessary, the executive management of the SARB and the SARB’s Audit Committee. 
• Take responsibility for the performance and development of the team.
• Stay abreast of and actively contribute to the development of new internal audit approaches and best practices (methods, analytical techniques, new models, procedures) in the SARB. 
• Lead briefings and presentations with departments and engage senior managers and other technical auditors in the SARB. 

To be considered for this position, candidates must be in possession of:

• an Honours degree (NQF 8) in Internal Auditing, Accounting, Risk Management or Information Systems;
• a Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA) or CA(SA) qualification; and
• 8−10 years’ experience within an auditing environment.

Additional requirements include:

• industry, organisational and business awareness knowledge and skill;
• quality assurance knowledge and skill;
• continuous improvement knowledge and skill;
• continuous learning/professional development knowledge and skill;
• risk management principles, tools, methodologies, frameworks, policies and processes knowledge and skill;
• internal audit principles, tools, methodologies, frameworks, policies and processes knowledge and skill;
• risk assessment and control design knowledge and skill;
• an understanding of information technology systems and system controls; 
• knowledge of indicators to identify possible fraud; and
• knowledge of technology-based audit techniques, including data analytics.

Do not enclose copies of your identity document or qualifications with your application.

Shortlisted applicants will be subjected to a psychometric assessment, an appropriate reference check and a security clearance as part of the selection process.

The closing date for applications is  May 2026. Late applications will not be considered.

In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. People with disabilities are welcome to apply.

About SARB

 

Primary mandate of the SARB

 

Section 224 of the Constitution of South Africa states the mandate of the SARB as follows:

The primary object of the South African Reserve Bank is to protect the value of the currency in the interest of balanced and sustainable economic growth in the Republic.

The South African Reserve Bank, in support of its primary objective, must perform its functions independently and without fear, favour or prejudice.

 

WHAT WE DO

 

Monetary Policy

 

The Constitution gives the SARB the mandate to protect the value of the rand. We use interest rates to keep inflation low and steady.

 

Financial Stability

 

The SARB has a mandate to protect and enhance financial stability. We identify and mitigate systemic risks that might disrupt the financial system.

 

Prudential Regulation

 

The Prudential Authority regulates financial institutions and market infrastructures to promote and enhance their safety and soundness, and support financial stability.

 

Financial Markets

 

Open market operations are the main tool we use to implement monetary policy. We manage South Africa’s gold and foreign exchange reserves.

 

Financial Surveillance

 

The SARB is responsible for regulating cross-border transactions, preventing the abuse of the financial system and supporting the regulation of financial institutions.

 

Payments and Settlements

 

The SARB is responsible for ensuring the safety and soundness of the national payment system, which is the backbone of South Africa’s modern financial system.

 

Statistics

 

The SARB provides important economic and financial statistics that present an overview of the economic situation in South Africa.

 

Research

 

Research conducted by the SARB focuses on economics, financial stability, banking and emerging trends in finance. Our research supports policy decision-making.

Banknotes and Coin

 

The SARB has the sole right to make, issue and destroy banknotes and coin in South Africa.