Risk & Internal Audit Officer – Petrosol Platinum Energy

Job Description

JOB PROFILE

ROLE:
RISK AND INTERNAL AUDIT OFFICER

JOB GRADE:
OFFICER

JOB LEVEL:
L4 N2

DEPARTMENT/DIVISION:
RISK AND INTERNAL AUDIT

REPORTS TO:
SENIOR RISK AND INTERNAL AUDIT OFFICER

ESCALATING AUTHORITY:
Escalate all complaints, grievances and issues to the HEAD, RISK AND INTERNAL AUDIT

DIRECT REPORT:
N/A

EXTERNAL & INTERNAL RELATIONSHIPS:

External:
• Regulators (NPA, GSA, EPA, etc)
• External Auditors
• IIA

Internal:
All staff members across the business (corporate office, retail & depot)

LOCATION:
HEAD OFFICE

TRAVEL:
Mostly resident at the Head Office with occasional visits to depots, retail outlets and operational sites across the business.

JOB SUMMARY:

The Risk and Internal Audit Officer shall be responsible for evaluating and improving the effectiveness of risk management, internal control and governance processes within the company.

The role involves conducting risk assessments, internal controls, compliance reviews and ensuring that policies, procedures and operations align with regulatory standards and company strategic objectives.

SOME KEY PERFORMANCE AREAS (KPAs):

▪ Risk Management (25%)
▪ Internal Audit Execution (30%)
▪ Compliance & Governance (20%)
▪ Advisory & Reporting (10%)
▪ Operational Efficiency (10%)
▪ Leadership & Competence (5%)

JOB SPECIFICATION

LEADERSHIP:

▪ Shall lead by modelling the company’s values of Service, Empathy, Leadership, Professionalism, Integrity and Sustainability and acting as an exemplary brand ambassador so as to inspire others and to live the values and hold them accountable if they are not.

RISK MANAGEMENT:

▪ Shall identify, assess and monitor key risks (financial, operational, regulatory, reputational and strategic) facing the company.
▪ Shall develop and maintain risk register, ensuring timely updates and action tracking.
▪ Shall support management in implementing risk mitigation strategies and business continuity planning.
▪ Shall provide advice on emerging risks including those related to oil marketing and HSE compliance.

INTERNAL AUDIT:

▪ Shall plan, execute and report on internal audits across all department.
▪ Shall evaluate the adequacy, efficiency and effectiveness of internal controls, business processes and compliance with applicable laws and standards.
▪ Shall review and assess the effectiveness of financial controls over procurements, sales, distribution and depot operations.
▪ Shall recommend practical solutions to control weaknesses and monitor implementation of corrective actions.
▪ Shall conduct special investigations into suspected fraud, irregularities and operational lapses.

COMPLIANCE AND GOVERNANCE:

▪ Shall ensure compliance with industry regulations (NPA, EPA, tax, HSE, etc) and internal company policies.
▪ Shall monitor adherence to HSE standards in line with the oil and gas industry.
▪ Shall support management in strengthening corporate governance practices and ethical standards.

REPORTING:

▪ Shall prepare and present audit findings, risk assessments and recommendations to management and the Audit Committee.
▪ Shall track the implementation of corrective actions and follow up on outstanding audit issues.
▪ Shall provide periodic risk and audit reports to Senior Management for decision making.

QUALIFICATION & EXPERIENCE:

▪ Bachelor’s degree in Accounting, Finance, Risk Management, Auditing or a related field.
▪ A minimum of 3 years of experience in risk management, internal audit or compliance, preferably in the oil and gas or related field.
▪ Professional certification (CIA, ACCA, CPA, CIMA, CISA or CFE) is an added advantage.

KEY COMPETENCIES:

KNOWLEDGE:

▪ Strong knowledge of internal audit standards, risk frameworks (COSO, ISO 31,000).
▪ Familiarity with oil marketing industry, regulations and HSE standards is desirable.

SKILLS:

▪ Computer literacy skills (ERP, Data Analysis, Audit Software, MS Office 365 Suite).
▪ Strong attention to details.
▪ Ability to work independently and as part of a team.
▪ Ability to adapt quickly to changes and deliver value in a fast-paced business environment.
▪ Strong analytical, investigative and problem-solving skills.
▪ Excellent report writing and communication skills.
▪ Excellent audit skills.

BEHAVIOUR:

▪ Must possess a positive and professional attitude in dealing with clients and co-workers.
▪ Must be a person of high integrity and exhibit a high sense of confidentiality.
▪ Must be proactive and results-oriented.
▪ Must be very organized and detail-oriented.
▪ Must be able to work under pressure and meet tight deadlines.
▪ Must be willing to go the extra mile.
▪ Must be aligned with the company values of Service, Empathy, Leadership, Professionalism, Integrity and Sustainability.

WORKING CONDITIONS:

▪ The role may require working irregular hours, including weekends and holidays.
▪ The role may involve frequent movement, long hours of meetings and presentations.