Senior Internal Auditor

Let's Write Africa's Story Together!

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

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At Old Mutual, were more than just a financial services provider were a trusted partner in building a better future. As a Senior Internal Auditor in the Group Internal Audit team, youll play a pivotal role in strengthening our governance and risk management practices, while gaining exposure to a dynamic and evolving insurance landscape. This is your opportunity to grow your career in a values-driven organization that invests in its people and celebrates innovation, integrity, and impact.

The role has a responsibility for the delivery and execution of audits within the Old Mutual Insure Group Portfolio as per Group Internal Audits methodology and agreed quality standards. In this role the incumbent will support the Audit Lead/ Audit Manager in executing on audits and managing stakeholder relationships.

Old Mutual is committed to its transformation journey and this role will align to the organisations employment equity principles.

Key Result Areas / Outputs

As a senior auditor, the incumbent will deliver on the following key outputs:

• Gains a strong understanding of the business, its functions, products and risk profile to execute on audits.
• Understand the regulatory environment and key legislation to be able to identify, instances of noncompliance with the organization's policies and procedures and/or relevant regulatory codes and codes of conduct.
• Reporting on findings and escalating issues as appropriate.
• Sound understanding of business and audit processes to enable effective delivery on the audit plan.
• Prepare risk and control matrices and perform control design and effectiveness assessments.
• Prepare audit planning memorandum and letters of intent.
• Deliver audit assignments on time, within budget and in accordance with GIA methodology and in line with agreed quality standards.
• Facilitate the agreement of audit findings with the relevant stakeholders.
• Delivery of impactful audit reports with well thought out management actions and due dates.
• Analyse root causes of issues identified and make recommendations to management to improve the control environment.
• Execute on the issues assurance plan and ensure it is executed timeously and within quality standards.
• Support the Audit Manager/Lead with teammate file administration activities.
• Conduct research using primary data sources, and select information needed for the analysis of key themes and trends.
• Prepare and coordinate the completion of various data and analytics reports. Ensuring that the team gets the most out of data management systems by providing support and advice.
• Advise others on how to design new processes and systems that meet professional standards.
• Support the Audit Lead in managing stakeholder engagement and relationships across the relevant portfolio/s; and
• Manage the portfolio/s GIA stats process and monthly reporting process by engaging line 1 and line 2; and
• Comply with IIA Code of Ethics and GIA Policies and Procedures.

Qualifications, Skills and Experience:

Qualifications & Professional Affiliations

• A bachelors degree in finance, accounting or relevant field
• A Certified Internal Auditor (CIA) designation
• Studying towards CA (SA)

Experience

• Minimum 3-5 years experience in auditing
• Strong background in the financial services / insurance industry
• Knowledge of the regulatory environment for the short insurance industry
• Knowledge of the cell captive business in the insurance industry would be advantageous.
• Knowledge of trade credit insurance would be advantageous.
• Experience of client relationship management at senior levels
• Data Analytics experience would be advantageous

Competencies

Technical competencies:

• High Level of Computer Literacy
• Preferable Audit Software (e.g., TeamMate)
• Internal Auditing Methodologies
• Business Process Analysis
• Risk Analysis & Control Assessment Techniques
• Analytical Tools
• Report writing
• Professional Ethics
• Strong Business Acumen
• Internal Audit Management
• Critical Thinking
• Communication skills
• Improvement and Innovation

Personal Capability Building

• Develop own capabilities by participating in assessment and development planning activities as well as formal and informal training and coaching.
• Gain or maintain external professional accreditation, where relevant, to improve performance and fulfill personal potential.
• Maintain an understanding of relevant technology, external regulation, and industry best practices through ongoing education, attending conferences, and reading specialist media.

What Makes This Role Exciting

• Exposure to diverse business areas within the insurance group
• Opportunities to influence strategic decisions through impactful audit insights
• A culture of continuous learning and professional development
• Access to cutting-edge audit tools and data analytics platforms
• A supportive team environment with strong leadership and mentorship
• Flexible work arrangements as we have a hybrid model.

Skills

Competencies

Business Insight

Communicates Effectively

Courage

Ensures Accountability

Financial Acumen

Instills Trust

Manages Complexity

Optimizes Work Processes

Education

Bachelors Degree (B): Accounting (Required)

Closing Date

21 August 2025 , 23:59

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

The Old Mutual Story!