Summary
Overview
Work History
Education
Skills
References
Accomplishments
Timeline
Generic
Nondumiso Maluta

Nondumiso Maluta

Chartered Accountant. Certified Internal Auditor. Head Of Internal Audit.
Irene

Summary

I am a Chartered Accountant (SA) and Certified Internal Auditor with extensive experience in compliance, governance, internal audit, financial crime prevention, and risk management across banking, insurance, and reinsurance. My expertise includes regulatory reporting, policy development, compliance monitoring, financial crime compliance, and stakeholder engagement. I have held senior roles providing compliance assurance, engaging with regulators (SARB, FSCA, FIC), and advising Audit and Risk Committees. Currently, I serve as Group Internal Audit Manager and acting Head of Internal Audit at Hannover Re, where I oversee compliance and assurance functions while contributing to governance initiatives including ESG, Transformation, and Data Analytics. Recognised for regulatory expertise, strategic leadership, and integrity, I bring a strong foundation to the Head of Compliance role.

Internal audit professional with extensive experience in managing audit processes and ensuring compliance with regulatory standards. Proven ability to lead teams and deliver valuable insights through comprehensive audits. Known for reliability and adaptability in dynamic environments, with focus on team collaboration and driving results.

Experienced with internal audit methodologies, ensuring thorough examination of financial records and operational procedures. Utilizes risk assessment and mitigation strategies to safeguard organizational integrity. Track record of fostering compliance and enhancing internal controls to support business objectives.

Internal auditing professional with comprehensive experience in risk management, compliance, and financial analysis. Adept at enhancing operational efficiency through meticulous assessment and strategic planning. Strong collaborator who drives team performance and adapts swiftly to evolving business needs. Proficient in developing and implementing robust internal controls to safeguard organizational assets and ensure regulatory compliance.

Capable [Desired Position] with solid track record in internal audit management, streamlining processes to enhance operational efficiency. Led successful audits that identified key areas for improvement and compliance adherence. Demonstrated expertise in risk assessment and regulatory compliance.

Seasoned auditing professional knowledgeable about risk aversion strategies, cost reduction options and financial processes. Decisive and persuasive communicator with proven problem-solving, leadership and planning abilities.

Resourceful Accounting professional with [Number] years of experience in audit preparation and reporting.

Pursuing full-time role that presents professional challenges and leverages interpersonal skills, effective time management, and problem-solving expertise.

Hardworking and passionate job seeker with strong organizational skills eager to secure entry-level [Job Title] position. Ready to help team achieve company goals.

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Overview

14
14
years of professional experience

Work History

Group Internal Audit Manager, Acting Head of Internal Audit Function

Hannover Re (Hannover Reinsurance Group Africa)
Johannesburg
06.2019 - Current
  • Managing the Internal Audit Activity (Assurance and Consulting engagements)
  • Budgeting, Resourcing, Recruiting, Staffing
  • Coordination of internal audit efforts with external auditors, regulatory oversight bodies
  • Compiling risk universe and related Annual Audit Plan for communication and approval by Senior Management and the Board
  • Compiling and reporting to Audit Committee, Risk Committee and Actuarial Committee
  • Progress to Audit Plan, Monitoring and follow up of audit engagement results, Significant risk exposures, Resourcing, Overall effectiveness of the organisations internal control and risk management processes, Results of Quality Assurance and Improvement Programme
  • Providing input to revision of policies and procedures as well as the Internal Audit Charter
  • Participation in Data Analytics working group to enhance processes as well as protect and enhance organizational value
  • Compliance with the IIA standards in terms of quality and systematic approach
  • Planning the audit engagement based on key system applications, products, business risks identified and design the audit program in alignment with best practice methodologies
  • Identifying and assessment of financial risks and controls with operational systems and processes
  • Assessment and evaluation of financial statements and determining the underlying risks from a financial and operational perspective
  • Participation in audit reviews, delivering audit outputs including final reports within the agreed timescales and in accordance with the Internal Audit Standards
  • Execution of the audit based on planning memorandum within the agreed upon budget and drawing accurate conclusions based on work performed
  • Liaise effectively with clients at departmental level to ensure the efficient completion of reviews.
  • Carrying out debriefs with department managers to communicate the results of the internal audit reviews, and ensuring that the scale and scope of the deliverables resulting from audit recommendations are adequately understood
  • Express an opinion based on the scope of the work performed. In addition, report on any key issues found and provide recommendations that are economical for the business to implement and add value
  • Perform follow-up audits on key risks, where applicable
  • Participate in internal departmental work and key standing tasks, such as Board and Audit Committee reporting, as requested
  • Reporting line: Audit Committee & CEO (Local) and Head of Internal Audit (Germany)

Finance Manager – SBFC

Standard Banking Group
10.2018 - 05.2019
  • Managing the drafting of monthly management accounts
  • Ensuring that all daily activities and accounting of all product income streams and costs are performed
  • Managing the production and review of monthly reconciliations
  • Analysis of product performance
  • Query resolution and interaction with product owners, channel owners and cost centre managers
  • Design and draft all relevant MIS to enable business decision making
  • Managing and design of new financial models
  • Month end procedures
  • Yearend procedures
  • Budgets
  • Establishment, implementation and enablement of an effective internal environment
  • Ensuring segregation of finance duties to limit the possibility of collusion or excess control by any one staff member
  • Reporting line: Head of Finance & CFO for SBFC

Monitoring and Evaluation Assessment Officer

FirstRand Corporate Centre – Regulatory Risk Management
03.2016 - 09.2018
  • Provide support to the Regulatory Risk Management department on the ongoing evaluation and assessment of compliance monitoring and audit outputs
  • Provide support to the Monitoring function of the Group
  • Provide training on Group methodology in the franchises
  • Provide input on the Risk Management plans for the Group
  • Provide guest audit, subject matter expertise and support to Franchise compliance and Internal audit
  • Produce output of a consistently professional and high standard (reports, email and other correspondence, presentations, minutes);
  • Assist with the collation and preparation of Financial Crime Regulatory Compliance management, governance & assurance reports emanating from the Financial Crime Regulatory Compliance Office
  • Administer an effective process to record, monitor business, regulatory queries and related issues and ensure that any non-compliance are followed-up / resolved
  • Administer and review of monthly/quarterly/annual reporting to the SARB (South African Reserve Bank) and the FIC (Financial Intelligence Centre)
  • Assist and administer in the remediation projects underway within the Group (SARB and International Regulatory Bodies)
  • Any other ad hoc task or work requirement which may be allocated to the incumbent by the Head of the Financial Crime Regulatory Compliance Office or the Manager of Evaluation and Assessment
  • Reporting line: Head of Evaluation and Assessment

Group Internal Auditor

FirstRand Corporate Centre – FirstRand International
03.2015 - 02.2016
  • Compliance with the IIA standards in terms of quality and systematic approach
  • Planning the audit engagement based on key system applications, products, business risks identified and design the audit program in alignment with best practice methodologies
  • Identifying and assessment of financial risks and controls with operational systems and processes
  • Assessment and evaluation of financial statements and determining the underlying risks from a financial and operational perspective
  • Participation in audit reviews, delivering audit outputs including final reports within the agreed timescales and in accordance with the Internal Audit Standards
  • Execution of the audit based on planning memorandum within the agreed upon budget and drawing accurate conclusions based on work performed
  • Liaise effectively with clients at departmental level to ensure the efficient completion of reviews.
  • Carrying out debriefs with department managers to communicate the results of the internal audit reviews, and ensuring that the scale and scope of the deliverables resulting from audit recommendations are adequately understood
  • Express an opinion based on the scope of the work performed. In addition, report on any key issues found and provide recommendations that are economical for the business to implement and add value
  • Perform follow-up audits on key risks, where applicable
  • Participate in internal departmental work and key standing tasks, such as Board and Audit Committee reporting, as requested
  • Reporting line: Audit Manager – FirstRand International

FICA Compliance Consultant – Middle Office

ABSA – Member of Barclays
02.2015 - 02.2015
  • Know Your Customer (KYC) – Identifying customers and verification of customer information
  • Financial Intelligence Centre Act (FICA) – Ensuring that the identified customers comply with FICA
  • Review of second tier FICA compliance procedures performed
  • Reason for leaving: Completion of project

Trainee Accountant

Grant Thornton – Member of Grant Thornton International
01.2012 - 12.2014
  • Planning of audit engagements – Also group of companies
  • Execution of critical audit objectives such as inventory, revenue, financial liabilities, investment properties, going concern, value added tax and income tax
  • Delegation of work to be performed during the engagement
  • Negotiate deadlines and budgeted hours
  • Manage client relationships
  • Report to managers and partners on status of audits
  • Corporate tax calculations
  • Responsible for coaching and on the job training of junior engagement team members as well as performing staff appraisals for the team members – Up to 6 junior members in the team.
  • Review of junior engagement members working papers
  • Providing guidance to the engagement team on all technical aspects.
  • Reporting to management on material weaknesses of internal control and recommendations thereon
  • Analyzing evidence and documenting client processes and procedures
  • Responsible for reporting and concluding of the audit
  • Consolidation of group companies in group audit engagements – Up to 9 companies
  • Foreign taxes on foreign controlled subsidiaries
  • Responsible for analyzing evidence and documenting client processes and procedures
  • Drafting the Annual Financial Statements where permitted by the Companies Act
  • Review of Annual Financial Statements where not responsible for drafting
  • Completion of income tax return – companies and individuals
  • Reason for leaving: Completed SAICA articles

Residence Management Committee

University of Pretoria
01.2013 - 12.2013
  • Induction of first year learners
  • Providing mentorship to junior accounting students, assisting with studies, personal development, emotional support
  • Management of the residence

Education

Certified Internal Auditor -

Institute of Internal Auditors (IIA)
01.2021

Chartered Accountant SA - undefined

South African Institute of Chartered Accountants (SAICA)
01.2018

Analysing Banking Risk - undefined

FirstRand Banking Group
01.2018

Accounting Professional Training (APT) - undefined

University of Johannesburg
01.2017

Postgrad. Dip in Applied Accounting Science (CTA - Level 2) - Hons - undefined

University of South Africa
01.2015

Postgrad. Dip in Applied Accounting Science (CTA - Level 1) – Hons - undefined

University of South Africa
01.2012

B.Com Accounting Science - undefined

University of Pretoria
01.2011

Matric - undefined

Kingsway High School
01.2007

Skills

  • Regulatory Compliance: FAIS, FICA, AML, Basel III, Solvency II, King IV, FSR Act

  • Regulatory Engagement & Reporting (SARB, FSCA, FIC)

  • Compliance Monitoring & Assurance

  • Leadership, Mentorship & Stakeholder Management

  • Training and coaching skills

  • Data analysis and trend recognition skills

  • Management and leadership skills incl stakeholder management

  • Governance, Risks and Controls

  • Strategic thinking

  • Working with general ledger, technical accounting

Teamwork and collaboration

Financial statement analysis

Problem-solving & Decision-making

Adaptability and flexibility

Verbal and written communication

Strategic planning

Interpersonal skills

Audit & Financial management

References

Please contact me prior to consultation with my references.

Accomplishments

  • Mentor per the define Hannover Re mentorship Programme (2022-current)
  • Excellence award – Standard Bank (2019)
  • Nomination for compliance officer of the year (2018) – FirstRand Banking Group
  • Innovation award for – FirstRand Banking Group (2018)
  • Nomination for compliance officer of the year (2017) – FirstRand Banking Group
  • Innovation award for 2016 – FirstRand Banking Group
  • Nomination for auditor of the year (2015) – FirstRand Banking Group
  • Member of the Residence Management Committee (2010) – TuksVillage Residence, University of Pretoria
  • Choir Monitor (2007) – Kingsway High School
  • Academic colours (2003 – 2006) – Kingsway High School

Timeline

Group Internal Audit Manager, Acting Head of Internal Audit Function

Hannover Re (Hannover Reinsurance Group Africa)
06.2019 - Current

Finance Manager – SBFC

Standard Banking Group
10.2018 - 05.2019

Monitoring and Evaluation Assessment Officer

FirstRand Corporate Centre – Regulatory Risk Management
03.2016 - 09.2018

Group Internal Auditor

FirstRand Corporate Centre – FirstRand International
03.2015 - 02.2016

FICA Compliance Consultant – Middle Office

ABSA – Member of Barclays
02.2015 - 02.2015

Residence Management Committee

University of Pretoria
01.2013 - 12.2013

Trainee Accountant

Grant Thornton – Member of Grant Thornton International
01.2012 - 12.2014

Chartered Accountant SA - undefined

South African Institute of Chartered Accountants (SAICA)

Analysing Banking Risk - undefined

FirstRand Banking Group

Accounting Professional Training (APT) - undefined

University of Johannesburg

Postgrad. Dip in Applied Accounting Science (CTA - Level 2) - Hons - undefined

University of South Africa

Postgrad. Dip in Applied Accounting Science (CTA - Level 1) – Hons - undefined

University of South Africa

B.Com Accounting Science - undefined

University of Pretoria

Matric - undefined

Kingsway High School

Certified Internal Auditor -

Institute of Internal Auditors (IIA)

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Nondumiso MalutaChartered Accountant. Certified Internal Auditor. Head Of Internal Audit.