Auditor: Wealth and Investments

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

Job Description

The role has responsibility for the delivery of audits in the Life and Investments domains within Old Mutual Limited (OML). This is an exciting role for someone interested in being at the forefront of modern assurance and advisory activities of a diversified financial services group.  In particular in the areas of wealth and asset management. The role is responsible for the delivery of audit engagements, support in the development of the annual audit plan and delivery of the audit plan, identification of modern data analytic continuous monitoring techniques and robotic audit opportunities within the portfolio, updating the audit universe, execution of audits and preparation of audit reports. This role will support the Audit Lead for the Life and Investments portfolio in executing on audits and supporting the managing of stakeholder relationships.

Key Result Areas

• Contribute to the development of the portfolio audit plan including the update and maintenance of the audit universe and identification of emerging risks

• Execute and deliver the audit plan and management requests timeously

• Contribute towards and provide updates on the Combined Assurance Plans for the portfolios

• Apply knowledge of governance and risk management to develop the internal audit plan and deliver audit engagements within the portfolio

• Develops process understanding, risk and control matrices and perform control design and effectiveness assessments

• Prepare the audit planning memorandum and letter of intent

• Deliver impactful audit assignments on time, within budget and in accordance with GIA methodology and in line with agreed quality standards

• Identify areas for continuous controls/risk monitoring, utilizing data analytic techniques, as well as audit automation opportunities and facilitate the implementation

• Analyse root causes of issues identified and make recommendation to management to improve the control environment

• Delivery of impactful audit findings/reports with well thought out management actions and due dates

• Facilitate the agreement of audit findings and ratings with the relevant stakeholders

• Facilitate the integrated audit approach where necessary, such as use of IT and data analytics

• Execute on the issues assurance plan and ensure it is executed timeously and within quality standards

• Support the Senior Auditor/Audit Manager/Senior Audit Manager/Lead/Head of Audit with administration activities.

• Support the Senior Auditor/Audit Manager/Senior Audit Manager/Lead in managing stakeholder engagement and relationships at the appropriate level.

• Comply with IIA Code of Ethics and GIA Policies and Procedures

• Contribute to a positive, professional and caring culture with GIA and support activities and initiatives focusing on the development of expertise

Role Requirements: Skills, Qualifications & Experience

• Matric

• BCom degree or Relevant qualification (majoring in either auditing, risk management, accounting, compliance, investment management, governance)

• Post graduate qualification highly advantageous

• Minimum 3 – 5 years in auditing, risk management or compliance

• Experience in the wealth and asset management industries will be advantageous

• Experience in integrated assurance approaches utilising data analytic techniques

• Good background in the financial services industry and its regulatory environment

• Good understanding of the business management processes risks and controls

• Experience of client relationship management as part of the assurance process

• Good written, verbal communication and interpersonal skills

• Able to travel locally and internationally

• Proven track record in dealing with audit clients

• Uses Microsoft Word and Excel effectively

• Professional and positive attitude

• Strong analytical skills

• Deadline-orientated and client-centric

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.

This role delivers elements of audit assignments in time in accordance with Group Internal Audit methodology and as per agreed quality standards.

ResponsibilitiesRecommendations

Advise managers how to apply a wide variety of existing procedures and precedents.

Financial Policies, Guidelines, and Protocols

Develop and deliver financial guidelines and protocols to ensure the company complies with regulations and good financial practice.

Data Collection and Analysis

Collate and analyze data using preset tools, methods, and formats. Involves working independently.

Insights and Reporting

Contribute to the preparation of various data and analytics reports.

Operational Compliance

Identify, within the team, instances of noncompliance with the organization's policies and procedures and/or relevant regulatory codes and codes of conduct, reporting these instances and escalating issues as appropriate.

Audit Compliance

Deliver audit assignments in nominated client areas. Develop individual audit plans and detailed scope, deliver the fieldwork, report findings and opinions, agree on corrective actions with auditees, and refer serious or contentious issues to the lead auditor.

Document Preparation

Edit document in line with organizational style guidelines and prepare information for publication.

Data Management

Help others get the most out of data management systems by providing support and advice.

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.

Skills

Accounting, Action Planning, Auditing Operations, Budget Management, Computer Literacy, Database Reporting, Data Classification, Data Compilation, Data Controls, Data Modeling, Evaluating Information, Management Reporting, Numerical Aptitude, Oral Communications, Report Review

Competencies

Communicates EffectivelyCourageEnsures AccountabilityFinancial AcumenManages ComplexityOrganizational SavvyPlans and AlignsTech Savvy

Education

NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent

Closing Date

12 June 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.

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