Senior Quality and Risk Manager

Join a Leading Auditing Firm in Umhlanga! Are you a dynamic professional with a passion for quality management and regulatory compliance? Our client, a leading auditing firm, is looking for a Senior Quality and Risk Manager to play a pivotal role in shaping the firm’s system of quality management. If you thrive in a collaborative environment and have the expertise to enhance monitoring processes while building strong relationships with senior partners and regulatory bodies, this is your opportunity to make a significant impact in a prestigious firm. Step up and lead the charge in ensuring their standards remain exceptional!

System of quality management

• Operational responsibility for the execution, implementation and monitoring of all the quality procedures and requests including:
  • Additional internal monitoring engagement (all service lines) file reviews over and above that carried out by the SA offices internal monitoring.
  • Process for the retention and assembling of engagement files.
  • Managing the process and final compilation of the IRBA fee declaration.
  • Client take-on procedures.
• Undertaking the monitoring activities relating to the quality risks and responses devised for the Firm’s system of quality management.
• The findings from those monitoring activities, which will include conclusions on the effectiveness of the designed responses and any changes or additions required to the Firm’s policies, procedures, quality risks and responses.
• Performing the root cause analysis and remedial action plan requirements for all identified deficiencies (e.g., non-compliance matters, findings from the reviews of completed engagements, regulatory findings etc.). This includes, but is not limited to, arranging, and leading the meetings, finalising, and communicating the outcomes from those meetings, and performing the monitoring activities to ensure the remedial actions are effectively implemented.
• Co-ordinating, managing and reviewing the ISQM 1 remedial actions and monitoring activities assigned to, and performed by, others within the Firm.
• Day to day management of the Firm’s ISQM 1 registers and documents, ensuring they are up to date, complete and accurate, providing summary and status reports for the relevant compliance partners.
• Interfacing and co-ordinating inspections and facilitating the providing of responses to inspection enquiries.
• Organising, reviewing, and summarising the findings from their SA internal monitoring reviews and the Firm’s internal cold file reviews and practice assurance reviews. Organising and co-ordinating the Firm’s non-audit regulatory inspections and responding to all related regulatory information requests.
• First level preparation of all the Firm’s compliance related annual returns and reporting and populating and managing the International ISQM 1 digital workspace for review by the relevant compliance partners.
• Providing input into the drafting of the Firm’s Transparency Report to ensure compliance with the underlying regulations.
• Reviewing, updating, and maintaining the various audit and compliance registers with assistance from the technical and compliance administrator.
• Updating, implementing, and monitoring of completion of the Firm’s continuous professional development policies and procedures, including initial review of all records received.
• Monitoring the regulatory framework for any updates, identifying the impact, and reporting the recommended changes or information to the Firm.
• Management and oversight of the technical and compliance administrator.
• Liaison with, and attendance at, relevant internal, external meetings and external regulatory events pertaining to compliance related matters.
• Participating in relevant network related quality initiatives/projects.
• Any other duties appropriate to the grade and level of responsibility of the post, for which the post holder has the necessary experience and/or training.

Training & Guidance

• Preparing and presenting of compliance related training, including, but not limited to, induction,annual update and changes in regulatory requirements.
• Identify areas of training based on quality control reviews, preparing content and providing training.
• Developing and issuing compliance related materials, guidance, and articles (e.g., quality monitoring alerts).
• Updating and maintaining the compliance related content on the Firm’s intranet (e.g., relevant professional standard notes, quality monitoring alerts, templates, engagement letters, compliancerelated communications etc).

Queries

• Researching, drafting, and responding to queries covering all compliance matters that are relevantto the Firm’s system of quality management and supporting policies and procedures.
• Providing support and advice to the Firm’s management and partners

Qualifications & Experience:

• Registered CA(SA)
• At least, 4 years experience post qualification/articles.
• Experience as a Manager/Senior Manager or equivalent in an external audit firm.
• An excellent working knowledge of ISQM 1 & 2 and the IRBA Code.
• A good working knowledge of relevant SA legislation and regulations (e.g. Companies Act, Auditing Profession Act, e Protection of Personal Information Act and Promotion of Access to Information Act).
• A good working knowledge of the various regulations, standards, pronouncements, alerts and guidance IRBA issued occasionally.
• A good working technical knowledge and experience in auditing and financial reporting standards.
• Ability to interpret regulations and standards and how to apply the requirements practically.