Snr Manager: Internal Control&Combined A

Operating Division:Transnet Rail Infrastructure Manager (TRIM)
Employee Group:Permanent
Department:TR-FIN-Statutory Reporting-PKT
Location:Parktown
Reporting To:General Manager: Finance
Grade:D
Reference:req5673

The closing date is on It is the responsibility of the applicant to ensure that HR has received the application before the closing date of the advertisement.

Position Purpose

The purpose of this position is  To enhance TRIM’s internal control framework by ensuring that the design and operating effectiveness of controls mitigate key risks, support compliance, enable reliable financial reporting and improve operational efficiency. The role supports the Head: Governance and Audit Liaison by providing specialist oversight of internal controls, control self-assessments, ITM tracking, combined assurance activities, audit evidence readiness and remediation of control weaknesses.  To provide strategic direction in the development, review, management, implementation, monitoring and evaluation of a comprehensive Combined Assurance programme aligned to the standards of the Institute of Internal Auditors (IIA), Transnet governance requirements and recognised assurance practices. The role coordinates assurance activities across risk management, compliance, internal audit, external audit, business process owners and other assurance providers to ensure comprehensive risk coverage, reduced duplication, defensible audit evidence and alignment with national regulations and international best practice. To complement the Senior Manager: Governance: Loss Control and PFMA role by focusing on internal controls, combined assurance, audit readiness, ITM management and remediation tracking, while the PFMA/Loss Control role provides specialist focus on PFMA compliance, irregular expenditure, fruitless and wasteful expenditure, SCM governance, loss control and related governance breaches.

Position Outputs

Strategy • Alignment with Transnet Group Loss Control to liaise and align efforts for all related activities. • Coordinate with Transnet Group Loss Control to integrate internal control activities, ensuring consistency and compliance within the OD. • To influence the Transnet Internal Audit (TIA) Plan ensuring risk areas are addressed and ensuring comprehensive coverage. • Oversee TIA budgeting, coordinate between TIA and management, and ensure strict adherence to the approved audit plan. • To ensure that all GMs in TRIM are timeously and accurately kept abreast of all significant/long outstanding audit findings. Assist where possible to ensure that the ITM is updated with the relevant and up-to-date corrective action plans. • To ensure that an effective ITM dashboard of all internal control activities within TRIM is maintained and presented to the Internal Control Steering Committee in TRIM (and other relevant committees) for proper decision-making and action.
• To promote robust discussions around all matters on the ITM dashboard ensuring that it fairly reflects the overall status of internal controls in TRIM. • Liaise with managers at the different locations and within the OD to
project-manage OD-wide projects that enhance controls and to adequately manage risk identified through internal audits and the results of control self-assessments. • Design and roll out Control Self-Assessment (CSA) frameworks and methodologies across TRIM. • Guide the business in conducting the CSA for all the business functional areas. • Analyse assessment outcomes to identify control gaps or weaknesses. • Track the status of corrective action plans arising from the assessment results. • Develop and implement the Transnet Combined Assurance strategy. • Direct the activities to ensure that the Combined Assurance providers are aligned to the international and national standards.
• Provide and coordinate improvements on Procedures, compliance obligations, King V as well as Procedure with the TFR Combined Assurance Providers. • Lead the capacitation of the Combined Assurance Providers on the TRIM
Framework, procedures, compliance obligations, King V, international and national standards. • Drive the establishment of the tools, methodologies and approaches to ensure alignment and collaboration with Transnet Group Combined Assurance. • Lead the definition of the Roles and Responsibilities for TRIM Combined Assurance per line of assurance and ensure the relevant assurance providers are informed.
• Lead research on continuous improvement opportunities of Combined Assurance processes through various industry platforms e.g. IIA, Risk Based Internal Audit articles or newsletters. • Support the Head: Governance and Audit Liaison in planning and coordinating quarterly reviews, half-year reviews, year-end external audits and other assurance
engagements by ensuring that internal control, CSA, ITM and combined assurance evidence is complete, traceable, reviewed and submitted within agreed timelines. • Review audit evidence packs relating to internal controls, control self-assessments, ITM actions, control testing, combined assurance activities and remediation progress before submission to the Head: Governance and Audit Liaison.
• Coordinate management responses for audit findings relating to internal controls, combined assurance, control design, operating effectiveness, repeat findings and remediation delays, ensuring that responses are factual, evidence-based, technically defensible and aligned to agreed corrective actions. • Track audit action plans, ITM actions and combined assurance remediation commitments to closure, escalating overdue, repeat, high-risk or disputed matters
to the Head: Governance and Audit Liaison for executive attention. • Work with the Senior Manager: Governance: Loss Control and PFMA to ensure that control weaknesses linked to PFMA, SCM governance, irregular expenditure,
fruitless and wasteful expenditure or loss control findings are reflected in the control environment improvement plan and monitored to prevent recurrence.
• Conduct audit post-mortems and lessons-learnt reviews for internal control and combined assurance findings and translate recurring audit issues into practical control improvement plans. Monitoring • Develop and implement monitoring methods and tools for TRIM Combined Assurance activities. • Facilitate the evaluation of the Combined Assurance and resource plan report and identify key issues to be reported to relevant governance structures. • Evaluate adherence to the Combined Assurance Framework and procedure. • Review adherence to timelines of actions from audit and identify critical areas for reporting. • Liaise with internal and external structures on matters that had been identified as gaps as well as areas of good performance to enhance relationships. • Evaluate the impact of transactional tools performance and deviations on the execution of the Combined Assurance from the Assurance Providers and resolve matters with relevant functions.
• Aligning assurance to the various risk exposure levels through properly defined and consistently applied assurance mapping processes. • Maximising control efficiencies and optimising the impact of effective controls through the execution of risk-based assurance. • Giving comfort to Management, the TRIM EXCO that critical risks are understood
across the OD, Business Units are properly and effectively managed. Governance • Establish the TRIM Combined Assurance governance structures in line with the Transnet Combined Assurance oversight principles and practices. • Facilitate the appointment of Assurance Providers for the TRIM Combined Assurance Working Group (CAWG) to provide oversight on the implementation of the Combined Assurance framework, procedures and processes. • Represent TRIM at the Transnet Combined Assurance Forum and the Internal Control Steering Committee (ICSC) within the Business Units to ensure that the TRIM activities,
challenges and the achievements are identified, and the necessary support is provided by the Transnet Group governance forum. Manage the Internal Control and Combined Assurance team (leading other) • Compile, monitor and control the annual budget • Comply in terms of PFMA Regulations and Treasury Instructions Manage the Internal Control and Combined Assurance team (leading other) • Lead the assembly of the various assurance providers to constitute an effective Combined Assurance team • Develop a capability matrix that guides the requirements, knowledge and skills of
assurance team members • Set out performance objectives for Combined Assurance members and evaluate their
performance accordingly Manage and monitor the implementation of Control Self-Assessment (leading other) • Oversee the execution of control testing and validation activities. • Report the CSA findings and remediation progress to all the governance forums

Qualifications and Experience

• Honours Degree or Postgraduate qualification in Internal Auditing, Accounting, Risk Management, Governance, Compliance, Assurance or a related field. • CA(SA) registration would be an advantage. • Certified Internal Auditor certification, Certified Information Systems Auditor certification, Certification in Risk Management Assurance or equivalent assurance-related certification would be an added advantage. • Relevant 8 to 10 years’ experience in internal control, internal audit, combined assurance, governance, compliance, risk management or audit readiness, including at least 5 years at a management-level. • Experience in external audit liaison, management letter resolution, evidence management, ITM action tracking, CSA programmes and remediation of repeat audit findings in a PFMA-regulated or state-owned company environment is advantageous. Standard Job Requirements • Driver’s license code 08 • Travel as required and approved

Competencies

Strategy & Sustainability
•Strategic Thinking
Formulates strategies and business plans to achieve the overall organisations direction
•Commercial Awareness
Keeps abreast of internal and external factors that can impact the business
•Innovating
Generates new ideas or solutions by thinking "outside of the box"; reviews current processes or systems and identifies ways to optimise them
Ethical & Inspirational Leadership
•Inspiring People
Leads by example. Inspires, motivates and empowers team members to do their best.
•Managing Talent
Provides clear direction and sets performance standards/requirements for the team
•Leading Change
Leads and directs change initiatives.
•Embracing Diversity
Leads and promotes equal opportunity and has an appreciation for diversity in the workplace
Business Performance and Delivery
•Lead Business Performance
Leads the business to be more efficient and effective
•Strategic Decision Making
Is decisive and takes full accountability for decisions
•Business Acumen
Understands and deal with various business situation using obtained knowledge and a broad spectrum of expertise
•Analysing
Thinks in a systemic way but is open to new approaches
Relationship Management
•Communicating Effectively
Communicates the business strategy and objectives in a clear and manner
•Collaborating and Networking
Build wide and effective relationships with people inside and outside of the organisation to help achieve the organisations goals and objectives
•Service Orientated
Leads by example; strives for a customer centric culture where everyone acts with the customer in mind
•Persuading and Influencing
Is able to persuade and influence those around him/her for the benefit of achieving the organisations/department goals and objectives. Identifies and influences key decision makers
using strong persuasive techniques and creates a strong personal impression that leads to buy in from others
Corporate
Governance & Compliance
•Leading Governance
Always work in the best interest of the organisation and aligns business practices to the ethical obligations and good corporate
governance
•Leading Safety Practice
Leads safety practices by communicating, enforcing and supporting all safety standards and activities
•Leading Risk Management
Personal Mastery •Learning and Applying Expertise •Resilience •Emotional Intelligence •Vigour & Personal Drive

Equity Statement

Preference will be given to suitably qualified Applicants who are members of the designated groups in line with the Employment Equity Plan and Targets of the Organisation/Operating Division.

Disclaimer

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