TeamMate
MZIKABAWO MSOLO
Summary
AUTHORITY IN INTERNAL AUDIT, COMPLAINCE, AND RISK MANAGEMENT LEADERSHIP SNAPSHOT Chief Audit Executive & Compliance Manager | Optimising Internal; Audit | Compliance and Risk Management Operations | Audit Strategists | Risk Analyst | Innovator | Good Governance, Ethics and Compliance Champion | Building Diverse and Multi-disciplinary | Teams Identifier, developer and natures of individuals with talent and potential Organized and dependable candidate successful at managing multiple priorities with a positive attitude. Willingness to take on added responsibilities to meet team goals.
Overview
16
16
years of professional experience
1
1
Certification
Work History
CHAMPION
- PRACTICE/DEPARTMENT DEVELOPMENT – Championed and Implemented the use of available audit, data analytics software and moved away from use of excel during auditing; developed and implemented a risk-based internal audit plans, targeting training of staff; built strategic partnership with management in order for internal audit to be viewed as a value add to management
- USE OF AUDITING SOFTWARE – Championed the use of most advance audit and data analytics software during the audit engagements; Training of staff in the use of the software and continuous monitoring to ensure that staff understands and use software
- PROCESS ENHANCEMENT – Overhaul the development and implementation of the internal audit and audit committee charters, composition of audit committee with persons with appropriate skills and expertise; redesigned the manner that the audits are performed to ensure conformance to applicable standards; developed and implemented departmental policies i.e
- Internal audit manual to ensure consistency application, efficiency in our audit process
- IMPLEMENTATION MONITORY - Developed and implemented a recommendation and client response monitory tools to ensure that recommendation agreed upon are implemented
- This resulted with 90% implementation rate in the past year
- Our client response rate increased from 45% to 83% with implementation of the client response monitory and reporting tools
- OF GOOD GOVERNANCE – Champion and promote the benefits of good governance, reporting and assist where system failures are noted in the internal control environment to ensure that the principles of good governance are promoted through the organization.
GROWTH MANAGEMENT
- Direct and develop risk-based audit reviews over the 3-year period by forging and maintaining long term client and business relationship with all municipal directorates
- CLIENT SATISFACTION – Solidified 94% satisfaction rate by establishing a partnership, adding value, improving process and/client internal control environments and ensuring focus is on clients’ needs and high-risk areas – consistently receiving excellent client feedback., – Identify training needs, developed and implemented training plans for each staff member, and ensure that plans are properly funded for the development of staff
- ROLE LEADERSHIP – Provided leadership and direction to sub-ordinates within the department in respect of their activities assigned with regard to timeous, accurate, and comprehensive reports, i.e
- Management and Board reports, compliance, tax and financial audits as well as system reviews
- COMPLIANCE OPTIMIZATION – Directed and managed licensees with regards to their compliance obligations and provided guidance with compliance with applicable legislations
- REGULATORY COMPLIANCE – Directed, managed and reported to the Management, Board, Board
- Committee with regard to probity investigations, financial viability and feasibilities studies are conducted, results are accurate; watering systems reviews conducted ensure compliance to application legislation and regulation and advice improvements where require or not in compliance
SERVICE DELIVERY MANAGEMENT
- Attained 94% client satisfaction rating over 2-year period
PERFORMANCE
- MANAGEMENT AND DEVELOPMENT - Provide professional guidance in terms of performance, monitoring, measurement, reviewing, reporting, auditing and quality control, to ensure that a culture of performance management is cultivated in the IA department.
FINANCIAL CONTROL
BUDGET MANAGEMENT
- Develop capital and operating budget and manage the implementation expenditure against the approved budget allocation in respect of Internal
- Audit Function, enabling the department to contribute positively towards meeting objectives and sustaining the quality and standards of service delivery
- ACHIEVEMENTS IN THIS POSTION AUDITING SOFTWARE – Introduction of the use of TeamMate and equipment staff with required skills DATA ANALYTICS SOFTWARE - introduced use IDEA and had all staff trained 5-YEAR STRATEGIC AND OPERATIONAL PLANS - Developed and implemented
- Risk-Based Auditing CERTIFICATION - Developmental, sourced funding for and Implemented a Training program to attain Certification through the IIASA Articles program CONFORMANCE TO INTERNATIONAL STANDARDS - Development and
- Implementation of an Audit Manual to ensure work is performed in compliance to IIA international standards PROFESSIONAL GUIDANCE - Ensured the conformance to International Professional
- Standards for Internal Audit QUALITY ASSURANCE REVIEW - “General Conformance” attained RECOMMENDATION IMPLEMENTATION RATE - Increase & Achieved 85% CLIENT SATISFACTION -Achieved over 90% clients satisfaction iro work performed, value add and improvement of processes
STAKEHOLDER RELATIONSHIP MANAGEMENT
- Managed and directed continuous, open and frank communication between my office and all stakeholders within the gambling industry and those affect by gambling; to ensure clear understanding of applicable legislation, regulations and relevant penalties where applicable
- PROCESS ENHANCEMENT – Make inputs into the new and prosed legislation, regulations
- Developed and implemented better and new ways of processing applications licensing applications received;
- USE OF TECHNOLOGY - Develop and Identify high-risk areas/licensee, and defined high-risk factors/flags to be looked at when reviewing applications; Developed and implemented the use of
- CAATS to audit tax returns to identify abnormalities in submitted tax returns
- TALENT DEVELOPMENT – Ensure that staff member developments is at the forefront and everyone is kept abreast of latest development in compliance and regulatory management;
- Continuous training and use of the latest audit techniques to audit tax returns and evaluate submitted applications;
TEAM MEMBER; BRANCH MANAGER
COMPLIANCE MANAGEMENT
- Collaborated in the development of a uniform norms and standards for the gambling industry in South Africa;
- THOUGH LEADER – Collaborated in the development, implementation and maintenance of a regulatory framework; Review, make input in the update and development of the Department policies and ensure that best practices are followed; ensure that the organisation was a thought leader in all matters related to gambling
- INTERNAL AUDIT – Developed and implemented an audit manual for the auditing of provincial gambling boards compliance to our legislation and licensee and licensee issued by the national office and provincial gambling boards;
- REGULATORY COMPLIANCE - Conduct oversight evaluation and inspections at both provincial gambling boards and licensee; Variance identification and case building
- ACHIEVEMENTS IN THIS POSTION Participation in the formulation of the norms and standards Audit Manual for the provincial gambling boards and licencees, ACHIEVEMENTS IN THIS POSTION Conversion of loan shark shops into fully fledged banking institutions; bring banking facilities to community that didn’t have access to them
BRANCH MANAGER AND CONVERSION TEAM MEMBER
ROLES AT CAPITEC BANK
CHIEF AUDIT EXECUTIVE
SALDANHA MUNICIPALITY
11.2015 - Current
- Top performing local municipality within the Western Cape, Develop, implement strategic plans – audit, advisory services within the local government sphere – encompassing business development, client service delivery, staff recruitment, development and department management
- AUDIT, ASSURANCE & CONSULTING – Develop and direct the implementation of internal audit department plans that are focused on high-risk areas that may impede the organisation to achieve its object by developing a full risk-based 3-year strategic risk-based internal audit plan and one-year operational plan informed by the organisational risks.
CHIEF GAMING AUDITOR
WESTERN CAPE GAMBLING AND RACING BOARD
07.2012 - 10.2015
- Provincial and thought leader in gambling industry, striving to be recognised nationally and internationally as a leading gambling and racing regulatory authority, DEPARTMENT
- Management of the Racing & Betting department, ensuring service to both internal and external stakeholders; enforcing compliance, staff management, recruitment and development
COMPLIANCE MANAGER
NATIONAL GAMBLING BOARD
05.2010 - 06.2012
- Continental and South African leader in gambling management and regulation, to sustain and grow its regulatory capability to position South Africa as the prominent jurisdiction with an exemplary and effectively regulated gambling industry
- Develop and implement internal auditing manual for the national gambling board to audit provincial gambling boards and licensee to ensure compliance with all relevant and applicable legislation, regulations and norms and standards.
INTERNAL AUDITOR
CAPITEC BANK (PTY) LTD
10.2006 - 05.2010
- A leading South African retail bank that focuses on essential banking services and provides innovative, simple and transparent banking solutions, Conduct and execute risk based internal audit reviews and investigations as assigned
- IMPLEMENTATION - Execute audit projects emanating from centralized system driven continuous monitoring environment; Understand and document business processes;
- INTERNAL AUDIT - Identify, analyse and evaluate risk as a basis to compile and audit program;
- Conduct regular scheduled and unplanned process-based audits; Analyse, evaluate, conclude and report on findings that include recommendations;
- INVESTIGATIONS - Conduct ad hoc decentralised investigations and audits to the required standards;
- Forensic Investigations
- ACHIEVEMENTS IN THIS POSTION discovered float misappropriation by tellers represent my investigation report and findings at CCMA
Skills
TALENT DEVELOPMENT – Realised 78% skill level team growth through training and mentoring sessionsBy developing and implementing a development plan that ensures that staff are part of theIAT, PIAInternal Audit Articles, eventually Certified Internal Audit (CIA), individual focused training that areAligned to departmental needs
Internal auditing
Quality Compliance Auditing
Internal Audit Administration
Annual Audit Plans
Audit Committee
Auditing
Negotiation
Verbal and written communication
Accomplishments
- NATIONAL DIPLOMA – INTERNAL AUDIT
- POSTGRADUATE DIPLOMA – LEGAL PRINCIPLES COMPLIANCE
- MUNICIPAL MINIMUM COMPETENCY – 24 MODULES COMPLETED
- POSTGRADUATE DIPLOMA – FORENSIC INVESTIGATION – IN PROGRESS
- CERTIFIED INTERNAL AUDITOR (CIA) – PART 1 – PASSED; PART II - REGISTERED
- MEMBERSHIP
- MEMBER: INSTITUTE OF INTERNAL AUDITORS OF SOUTH AFRICA
Affiliations
Institute of Internal Audit
Software
Miscrosft
Certification
Certified Internal Auditor, IIA- 2023
Timeline
Certified Internal Auditor, IIA- 2023
11-2023
CHIEF AUDIT EXECUTIVE
SALDANHA MUNICIPALITY
11.2015 - Current
CHIEF GAMING AUDITOR
WESTERN CAPE GAMBLING AND RACING BOARD
07.2012 - 10.2015
COMPLIANCE MANAGER
NATIONAL GAMBLING BOARD
05.2010 - 06.2012
INTERNAL AUDITOR
CAPITEC BANK (PTY) LTD
10.2006 - 05.2010
CHAMPION
GROWTH MANAGEMENT
SERVICE DELIVERY MANAGEMENT
PERFORMANCE
FINANCIAL CONTROL
BUDGET MANAGEMENT
STAKEHOLDER RELATIONSHIP MANAGEMENT
TEAM MEMBER; BRANCH MANAGER
COMPLIANCE MANAGEMENT
BRANCH MANAGER AND CONVERSION TEAM MEMBER
ROLES AT CAPITEC BANK