(811) Forensic Auditor - IAD

Job Description

Brief description

The main purpose of this position is to design and implement forensic auditing tools to assist with the prevention,
detection and response to irregularities related to governance, risk and control (GRC) in the South African Reserve Bank (SARB) Group.

Detailed description

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

1. Design, implement and assist with maintaining and continuously improving forensic audit tools to ensure a structured forensic auditing approach within the SARB Group.
2. Conduct forensic audits based on the audit universe to identify non-compliance or deviations from existing Bank-wide policies and procedures.
3. Conduct forensic investigations by gathering, analysing and preparing evidence in a manner suitable for further action.
4. Perform fraud risk assessments to identify high-risk fraud exposure within the SARB Group.
5. Provide quality reports and recommendations on gaps in GRC.
6. Develop and implement fraud awareness initiatives and training within the SARB Group.

Qualifications

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

1. a minimum of an Honours degree or NQF 8 qualification relating to Forensic Auditing, Accounting, Risk Management, or an equivalent qualification;
2. a Certified Fraud Examiner (CFE) and/or Certified Internal Auditor (CIA) qualification; and/or Chartered Accountant (CA);
3. a minimum of five to seven years' experience within a forensic auditing environment.

Additional requirements include:

1. knowledge and skill in:
2. industry, organisational and business awareness;
3. quality assurance; and
4. continual improvement in learning/professional development;
5. a solid grasp of risk management principles, tools, methodologies, frameworks, policies and processes; and
6. extensive experience in internal audit principles, tools, methodologies, frameworks, policies and processes.

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.

The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his/her competence and experience.

About Us

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.

About the Team

Internal Audit Department (IAD)