Rainbow Chicken, a proudly JSE-listed leader in the FMCG sector, is looking for an accomplished Internal Audit Director to build and lead our internal audit function from the ground up. This is a strategic leadership role focused on driving robust governance, effective risk management, and regulatory compliance across all business units.
Purpose of the role:
The Internal Audit Director will oversee the establishment of Rainbow Chicken’s internal audit function, ensuring comprehensive governance, effective risk management, and adherence to compliance standards throughout all business units. This position provides strategic direction and supervision for the audit team, with an emphasis on maintaining rigorous governance and regulatory alignment across the organization. The incumbent will be accountable for delivering impartial assurance to executive management and the board, as well as promoting ongoing enhancement of audit methodologies in line with regulatory requirements and organizational goals.
Qualifications & Experience:
- Chartered Accountant (CA(SA)) or Certified Internal Auditor (CIA) preferred.
- Relevant postgraduate qualification in Finance, Risk, or Governance advantageous.
- Minimum 10 - 12 years in internal audit, risk management, or assurance, with at least 5 years in a senior leadership role.
- Proven experience in FMCG or manufacturing environments.
- Strong understanding of governance frameworks (King IV), IFRS, and regulatory compliance.
Key Responsibilities:
The Audit Director assumes responsibility for establishing the strategic vision of the internal audit function, ensuring alignment with the organisation’s governance, risk management, and compliance frameworks. This role encompasses oversight of the development and implementation of a risk-based audit plan that delivers independent assurance regarding the effectiveness of internal controls, risk mitigation, and regulatory adherence.
The incumbent will lead and manage audit teams to ensure the execution of high-quality audit engagements and the prompt communication of findings and recommendations to executive management and the board. The position necessitates ongoing assessment and refinement of audit methodologies to incorporate best practices and address emerging risks, including the adoption of data analytics and technology-enabled solutions.
Furthermore, the Audit Director will cultivate robust relationships with external auditors, regulators, and key internal stakeholders to advance transparency and accountability across all business units. Serving as a strategic advisor to senior leadership on risk-related matters, the Audit Director will also contribute to the formulation of mitigation strategies supporting long-term organizational success. Additional responsibilities include monitoring audit performance metrics, promoting a culture grounded in ethical conduct and continuous improvement, and advancing the professional growth of audit staff to accommodate evolving business needs.
All audit activities will be conducted with unwavering independence and integrity, in strict accordance with applicable standards established by the Institute of Internal Auditors and relevant legislative requirements.
Strategic Leadership
- Develop and execute the internal audit strategy aligned with Rainbow Chicken’s business objectives and risk appetite.
- Advise the CEO and Audit Committee on emerging risks, compliance trends, and governance best practices.
Audit Planning & Execution
- Oversee the annual risk-based audit plan and ensure timely delivery of audits across operational, financial, and compliance areas.
- Drive continuous improvement in audit methodologies, leveraging data analytics and technology.
Risk & Compliance
- Partner with Risk Management and Compliance teams to ensure integrated assurance and proactive risk mitigation.
- Monitor regulatory changes and ensure adherence to relevant legislation and industry standards.
Reporting & Stakeholder Engagement
- Present audit findings and recommendations to the CEO, Audit Committee, and senior leadership.
- Build strong relationships with business leaders to promote a culture of accountability and ethical conduct.
Team Leadership
- Lead and develop a high-performing internal audit team, fostering professional growth and technical excellence.
- Manage external audit relationships and co-source arrangements where applicable.
Key Competencies:
- Strategic thinking and business acumen.
- Strong leadership and stakeholder management skills.
- High integrity and ethical standards.
- Analytical mindset with proficiency in audit tools and data analytics.
- Excellent communication and presentation skills.