OVERVIEW

Small Enterprise Development and Finance Agency Ltd (Sedfa), a development finance institution responsible for the provision of financial and non-financial support to Micro, Small,
and Medium Enterprises (MSMEs) invites qualified candidates to apply for the Chief Audit Executive position.

The institution is a merged entity between the Small Enterprise Finance Agency (sefa), Small
Enterprise Development Agency (Seda), and Co-Operative Banks Development Agency
(CBDA). The entity is listed as a Schedule 3B National Government Business Enterprise, with
the State as the sole shareholder and the Department of Small Business Development as the
Executive Authority.

MAIN PURPOSE OF THE JOB

The successful candidate will lead, develop and oversee the internal audit function of Sedfa,
ensuring its alignment with corporate governance, risk management, and strategic objectives.

KEY PERFORMANCE AREAS

• Develop an Internal Audit Strategy
• Develop policies and procedures aligned to the Internal Audit strategy.
• Develop and implement an Internal Audit framework aligned to the Internal Audit strategy
• Develop and oversee the implementation of the Internal Audit Charter and methodology
• Develop and implement a comprehensive, risk-based audit plan aligned with our strategic
objectives and operational requirements.
• Design and refine IA coverage plans and audit strategies in harmony with governance
needs.
• Approve audit plans for operations and IT, ensuring they address relevant risks with suitable
scope, resources, and timelines
• Identity audit needs based on strategic objectives and the risk profile.
• Prepare a three-year rolling strategic audit plan and audit plan for the current year.
• Identify appropriate audit methodologies that are available including the use of technology
• Compile assurance reports for the Board and its Committees.
• Provide management report on the performance of the Internal Audit activities and internal
audit engagements
• Manage the Division’s resources and financial management (People, Finance, and Assets).

REQUIRED MINIMUM QUALIFICATION

• NQF Level 8 Internal Audit or Business/Commerce or related (must have).
• A Certified Internal Auditor (CIA) or CA (SA) is a requirement / must have.

REQUIRED WORK EXPERIENCE

• 10+ years of experience in internal audit, risk management, or governance roles, with at
least 5 years’ experience should have been in a Senior Management role.
• Proven experience in leading an internal audit function at an executive or senior
management level with substantial experience preferably in financial service and/or MSME
field.
• Knowledge and experience of risk management and controls in financial services.
• Internal Audit Frameworks, Professional Standards: International Standards for the
Professional Practice of Internal Auditing, supported by proven internal auditing experience
and other governance and control frameworks.

REQUIRED WORK EXPERIENCE

Able to demonstrate:
• Understanding of Corporate Governance and King IV
• Understanding the DFI environment
• Understanding of financial services related legislation.
• Operational management
• People management
• Report writing
• Understanding of inter-governmental / departmental relations
• Understanding of the strategic delivery requirements of Sedfa
• Networking & Stakeholder engagement
• Excellent presentation and communication skills
• Strong leadership skills to guide and motivate an Internal Audit team.
• Experience in managing cross-functional teams and projects.
• High ethical standards and integrity in decision-making.
• Ability to navigate conflicts of interest and promote ethical practices.

CRITICAL COMPETENCIES

Advanced level of competencies required:
• Understanding of Corporate Governance and King IV;
• Strategic capability
• Understanding of Corporate governance principles
• Strategic Thinking
• Innovation and Problem Solving
• Project management
• Technology and Digital Transformation
• Contract management
• Financial management
• Risk Management
• Ethics and Integrity
• Change Management
• People management
• Quality management
• Analytical ability and Decisiveness
• Written and Verbal communication
• Report writing

Please send your resume/CV