| JOB NAME |
Lead Forensic Auditor [Midrand]
POSTED BY: Development Bank of Southern Africa
REF:DBSA 277
Date Published:Tuesday, February 14, 2023
Date of Expiration:Sunday, August 13, 2023 EXPIRED
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| LOCATION OF THIS JOB |
 South Africa | MIDRAND in South Africa |
| INDUSTRY |
| DEVELOPMENT FINANCE INSTITUTIONS
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| JOB TYPE |
| Full-Time |
| MAIN JOB DESCRIPTION |
Closing Date 2023/02/19
Reference Number DBS230209-1
Job Title Lead Forensic Auditor [Midrand]
Job Grade 17
Job Type Classification Permanent
Location - Town / City Midrand
Location - Province Gauteng
Location - Country South Africa
JOB DESCRIPTION
The role of the Lead Forensic Auditor is to both reactively and proactively oversee forensic auditing and forensic investigations with particular emphasis on allegations of fraud, corruption, theft, financial misconduct, supply chain/procurement mismanagement/misconduct and conflicts of interest.
KEY RESPONSIBILITIES
Forensic Auditing & Investigations
1. Provide independent forensic audit and investigation services to the DBSA.
2. Develop and implement forensic approach and guidelines to reduce / eliminate crime/misconductwithin and against the DBSA.
3. Coordinate and collaborate on all forensic efforts across the DBSA, amongst others:
1) Conducting investigations in terms of the forensic methodology, legislation and required standards
from inception to completion.
2) Co-ordinating the work of the forensic auditors and outsourced service providers.
3) Leading interviews for sensitive and complex investigations.
4) Facilitating data mining and analysis of various databases and systems in support of the various audits.
5) Reviewing and analysing allegations and whistleblowing information to determine relevancy and reliability.
6) Tracking progress on all investigations and allegations to ensure that all cases are thoroughly
investigated and concluded within appropriate timeframes.
7) Reviewing and approving reports and recommendations relating to investigative findings.
8) Providing evidence-based recommendations that are ethical, transparent and due process being followed.
9) Provide detailed reports that include the findings of the investigation, a summary of the evidence, an explanation of how the fraud/misconduct/etc. was perpetrated, and suggestions on how internal controls can be improved to prevent such frauds in the future. These needs to be presented to Chief Internal Auditor and relevant stakeholders so that they can proceed to file a disciplinary and/or legal case.
10) Providing evidence and information during disciplinary and/or legal proceedings on behalf of the DBSA.
11) Preparing management implication reports resulting from internal control weaknesses giving rise to the occurrence of an investigative event.
12) Preparing and presenting forensic investigation and activity reports at various committees in the Bank (i.e., Exco, ARC & Board).
13) Managing the compliance and maintenance of all case evidence and records management systems
4. Perform employment checks on conflict of interest, PEP and other compliance requirements as required by the DBSA.
5. Provide periodic reports on forensic audit incidents, investigations and outcomes as may be required by Management or Board or Sub-Committees of the Board.
6. Keep up to date with developing crime trends and proactively put in place action plans to mitigate these.
7. Raise awareness of DBSA’s zero tolerance stance on all aspects of fraud, corruption and misconduct by facilitating appropriate training and awareness campaigns for all levels of staff, consultants and service providers.
8. Build and maintain relationships with appropriate stakeholders including law enforcement stakeholders.
9. Participate in multidisciplinary special projects as a subject matter expert on forensic auditing.
10. Manage service providers appointed to conduct forensic and related services for the DBSA.
People Management
1. Provide direction and management to direct reports to enable them to execute their functions effectively – managing deadlines, team workload and the work of outsourced providers.
2. Attract, retain, and develop top-calibre talent. Develop and maintain sufficient depth in all critical functions, minimizing "key-man" risk.
3. Optimise skills usage within the forensic team.
4. Accountable for performance management of all direct reports, managing their performance in relation to quality standards and agreed benchmarks and objectives, focusing on all aspects of sound people management.
5. Develop the skills and abilities of all team members, with the result that they perform to at their highest potential and optimize their current and future job performance.
6. Promote DBSA values and a culture of High Performance within the team.
Key measurements of outputs
1. Accuracy and quality of the Investigations and Audits.
2. Time taken to complete the investigations and audits.
3. Quality of reports and presentations.
4. Zero audit findings.
Key Internal Liaison Relationships
1. DBSA: Staff
2. All Divisions (primarily Human Capital, Legal, Finance and Security)
Key External Liaison Relationships
1. DBSA suppliers
2. National Treasury
3. Other relevant Stakeholders’
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| REQUIREMENTS FOR THIS JOB |
EXPERTISE & TECHNICAL COMPETENCIES
1. Postgraduate Bachelor’s degree in Accounting or Auditing.
2. Certified Fraud Examiner (CFE), Certified Commercial Forensic Practitioner (FP) SA.
3. Full Association of Fraud Examiners (ACFE) or Institute of Commercial Forensic Practitioners (ICFP) Membership.
4. Certified Internal Auditor (CIA) will be advantegous.
5. At least 10 years working experience in a Forensic Investigation/Auditing environment, 5 years of which in a supervisory/management role.
6. Experience in leading a team of investigators (inhouse and outsourced) specialising in proactive and reactive forensic auditing.
7. Proven understanding of various frauds that can be carried out and of how evidence needs to be collected.
8. Knowledge in the following legislative framework; inter alia, Public Finance Management Act (PFMA), National Treasury Regulations including Supply Chain Management and Procurement, Public Audit Act (PAA), The Constitution of the Republic of South Africa, Criminal Procedure Act (CPA), Prevention and Combating of Corrupt Activities Act (PRECCA), Protection Disclosure Act (PDA), Protection of Personal Information Act (POPI), Municipal Finance Management Act (MFMA), and Municipal Systems Act (MSA).
9. Knowledge of SA legal framework.
10. Demonstrable experience in presenting in disciplinary and court proceedings to explain the evidence collected and how the employee/suspects were identified.
11. Proven experience in simplifying the complex case issues and explain in layman’s language (accounting terms, procurement processes, etc.) so that people who have no understanding of the terms can still understand the fraud and misconduct that was carried out.
12. Proficient with entire Microsoft 365 suite (MS-Word, MS Excel (at an advanced level of proficiency), MS PowerPoint, MS Outlook).
13. Experience in financial statement analysis for investigative purposes.
14. Experience in identifying the controls gap during forensic investigations and mitigating measures to address these.
15. Demonstrable experience writing comprehensive forensic reports and presenting these to EXCO/Board Audit Committee level and defending findings at meetings with senior management stakeholders.
16. Knowledge of SAP or other ERP systems will be an advantage
Previous experience in a banking environment will be an advantage, as well experience in the development finance environment.
TECHNICAL COMPETENCIES
Solutions Focused
1. Identifies optimal solutions based on weighing the advantages and disadvantages of alternative approaches.
2. After implementation, evaluates the effectiveness and efficiency of solutions.
Detail Orientation
1. Reviews all relevant information or aspects of a situation before taking action or making a decision.
2. Pays close attention to details that are important to others to make sure they are right.
3. Verifies that work has been completed according to the standards and procedures.
Audit
1. Understands forensic investigation standards (ACFE/ICFP) and internal audit standards (IIA) and the requisite procedures expected in conducting assignments.
2. Is able to plan specific audit assignments.
3. Is able to prepare investigation & audit reports to specified standards including format, style and timelines with the need for minimal editorial changes.
4. Understands the need for monitoring of the results of investigation & audit assignments in order to enable the follow up of significant issues within an appropriate timescales.
Negotiations Skills
1. Is able to state own case, leaving some room for negotiation.
2. Is well-versed with negotiation protocol and etiquette.
3. Is able to successfully conclude simple negotiations on a factual basis.
4. Knows when to seek advice/guidance during a negotiation.
Planning and Organizing
1. Uses time management procedures effectively.
2. Can exercise independent judgement regarding all planning and organising issues.
3. Uses specialised software to plan and manage own time.
4. Plans and manages multiple priorities and deadlines.
REQUIRED PERSONAL ATTRIBUTES
BEHAVIOURAL COMPETENCIES
Teamwork and cooperation
1. Promotes a friendly climate and good morale, and resolves conflicts.
2. Creates opportunities for cross-functional working.
3. Encourages others to network outside of their own team/department and learn from their experience.
Decisiveness
1. Makes timely decisions about complex issues even when some information is missing.
2. Makes decisions and stands by them even when they are controversial or unpopular.
3. Grasps critical business opportunities when they arise by making timely decisions.
Driving delivery of results
1. Identifies and implements a business opportunity that will have long term impact on the business.
2. Monitors progress and adapts plans if necessary to ensure optimal benefit to the programme.
3. Makes decisions, sets priorities, or chooses goals on the basis of inputs and outputs: makes explicit considerations of potential profit, return on investment, or cost benefit analysis.
4. Based on cost benefit analysis, makes decisions of entrepreneurial risk nature.
Leading and Empowering Others
1. Identifies long-term goals for the team and communicates them to team members, ensuring their buy in.
2. Sets a good example by personally exercising desired behavior; acts on values and beliefs.
3. Communicates a vision for the team and future success that inspires team members.
4. After assessing others competence, delegates full authority and responsibility to others to do the task in their own way.
5. Ensures that competent employees are given opportunities to further their careers.
Leading & Managing Change
1. Gives teams responsibility to analyses, impact and execute change and to sustain it independently.
2. Anticipates the need for change when not obvious and influences others to gain support.
3. Builds sustainable business capacity to embrace change.
Strategic and Innovative Thinking
1. Creates new concepts that are not obvious to others, leveraging internal and external sources of information, to build incremental revenue and growth opportunities.
2. Understands connections and trade-offs of strategic choices to evaluate which ideas are practical and possible by considering business and/or scientific implications.
3. Develops innovative business and/or customer solutions that shape industry practices.
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English 
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