Nyiko Option Mabunda

Establishing the Internal Audit and Risk Management Unit

• Reporting Functionally to the Audit & Risk Committee and Administratively to the Chief Executive Officer
• Managing the Internal Audit & Risk Management Unit for Boxing South Africa
• Conducting investigations for alleged fraud and corruption reported internally or externally
• Developing the 3-Year Rolling Strategic Internal Audit Risk-Based Plan and submit to the Audit & Risk Committee for approval
• Developing the Annual Internal Audit Risk Based Plan for the first year of the rolling 3-year strategic internal audit plan and submit to the Audit & Risk Committee for approval
• Developing Risk Management Policies, Strategy and Implementation Plan
• Developing the Fraud Prevention Strategy and Implementation Plan
• Ensuring that the strategy and resources of the Internal Audit & Risk Management Department are aligned and are consistent with the organization's objectives
• Establishing appropriate policies and procedures to guide the Internal Audit & Risk Management Functions, and ensure the quality of the assurance services delivered
• Ensure the timely completion of Internal Auditing engagements and Risk Management activities
• Supervise and review audit engagements and assess audit results against engagements, objectives and scope
• Facilitating the Risk Assessment Workshops and development of the Strategic & Operational Risk Registers
• Developing the Internal Audit & Risk Management quarterly reports for the Audit & Risk Committee
• Presenting the Internal Audit and Risk Management Unit reports to the Audit & Risk Committee
• Ensuring that risk action plans in the Strategic and Operational Risk Register are monitored on a monthly basis and report the status on the implementation
• Attended Internal Audit and Risk Management industry conferences to gain understanding of trends and engage with current and potential clients.
• Fostered a positive work environment by promoting open communication, teamwork, and employee engagement.
• Safeguarded confidential information by implementing robust security protocols and access controls within the unit''s systems and documentation storage facilities.
• Developed tailored training programs to improve individual staff skills and overall team competency.
• Evaluated staff performance regularly, identifying areas of improvement and offering constructive feedback for growth.
• Maintained accurate records of all activities within the unit to facilitate data-driven decision-making processes.
• Coordinated efforts with other units for seamless execution of joint tasks or projects.
• Managed high-stakes projects, ensuring timely completion within budget constraints.
• Ensured compliance with industry standards and regulations through regular audits and policy updates.
• Enhanced unit performance by setting clear expectations, goals, and timelines for team members.
• Reduced operational costs through continuous process improvements and resource optimization.
• Championed change management efforts during periods of transition or reorganization within the company.
• Increased team productivity by providing effective leadership and mentoring.

• Participate in Developing and Implementing Audit Strategies: Participate in Designing audit plans and strategies to ensure compliance with internal policies, procedures, and regulatory requirements
• Leading Audit Team: Supervising and managing a team of internal auditors, providing guidance, training, and support as necessary
• Conducting Audits: Performing internal audits of financial, operational, and compliance processes to identify weaknesses, inefficiencies, and areas for improvement
• Risk Assessment: Assessing risks associated with various business activities and processes, and developing risk mitigation strategies
• Reporting Findings: Preparing detailed audit reports outlining findings, recommendations, and action plans for addressing identified deficiencies
• Communicating with Stakeholders: Presenting audit findings and recommendations to the Senior Manager of Internal Audit, department heads, and other relevant stakeholders
• Follow-Up and Monitoring: Monitoring the implementation of audit recommendations and ensuring corrective actions are taken in a timely manner
• Continuous Improvement: Identifying opportunities to enhance internal controls, streamline processes, and improve overall organizational efficiency
• Ensuring Compliance: Ensuring that audit processes comply with relevant laws, regulations, and industry standards
• Training and Development: Providing training and development opportunities for audit staff to enhance their skills and knowledge
• Collaboration: Collaborating with other departments and external auditors to coordinate audit activities and share relevant information
• Maintaining Audit Documentation: Ensuring that all audit documentation, including work papers, findings, and reports, are accurately maintained and securely stored
• Keeping Abreast of Developments: Staying informed about emerging trends, best practices, and regulatory changes in the field of internal audit
• Performing Special Projects: Undertaking special projects or investigations as assigned by the Senior Manager of Internal Audit or the Chief Audit Executive
• Promoting Ethical Practices: Upholding ethical standards and promoting a culture of integrity and accountability within the organization
• Ensure that the department complies with the relevant legislation including Public Finance Management Act, Treasury Regulations and Division of Revenue Act, monitor of implementation or compliance of all internal audit protocols across the NDOH. Conduct internal audits of the department to ensure appropriate use and management of funds, provide strategic direction in the general management, manage and oversee audit work flow and audit programs in the various sub-directorates. Facilitate a risk management assessment process in the department. Develop in consultation with management, the Institution’s risk management framework incorporating, inter alia, the Risk management policy; Risk management strategy; Risk management implementation plan; Risk identification and assessment methodology; Risk appetite and tolerance as well as Risk classification. Driving risk management to higher levels of maturity. Take appropriate measures to mitigate, manage and implement strategic objectives and innovation within the directorate as well as manage resources (physical, human and financial). Determine and establish risk management policies and implementation. Develop and maintain internal anti-corruption systems. Fraud/corruption risk assessment. Promotes and ensure implementation of Ethics and Integrity Management, including RWOPS. Implementation of the disclosure of financial interest on the e-Disclosure system.
• Conducted regular follow-up reviews to ensure that previously identified concerns were addressed appropriately in a timely manner.
• Managed cross-functional teams in conducting complex audits across various departments, ensuring accurate results and recommendations.
• Developed comprehensive audit plans to address identified risks, ensuring timely and effective execution.
• Evaluated the effectiveness of implemented internal controls by regularly reviewing policies and procedures for compliance with regulatory requirements.

• Reporting directly to the Chief Audit Executive
• Participate in compiling a rolling 3-year strategic internal audit plan based on its assessment of key areas of risk for the Department, with regard to its current operations, those proposed in its strategic plan and its risk management strategy
• Participate in compiling an annual audit plan for the first year of the rolling 3-year strategic internal audit plan and identify, initiate and plan the execution of priority audits
• Conduct Risk Based Internal Audit, Quarterly Performance Information Audits and Quarterly Financial Information Audits
• Conduct other engagements such as Investigations, Ad Hoc audits, Follow-up Reviews, Compliance Audits
• Supervise the subordinates by providing ongoing supervision, audit review, training, coaching and take corrective actions to address performance challenges observed, e.g
• Assist in identifying relevant training needs for Assistant Internal Auditors and Trainee Internal Auditors
• Compile and/or review the Audit File (manual and/or electronic) for each audit conducted and/or supervised
• Adequate and effective use of electronic systems (Teammate, BarnOwl, SAP, VIP)
• Enter into performance contracts with the subordinates in line with the organizational strategic objectives
• Conducts periodic and quarterly performance appraisals for subordinates (Assistant Internal Auditors)
• Develops and enter into performance contract with the Chief Audit Executive in line with the organizational strategic objectives
• Conducts quarterly performance self-appraisals for discussions and conclusion with the Chief Audit Executive
• Improved internal control processes by conducting thorough audits and identifying areas for improvement.
• Enhanced operational efficiency through the development and implementation of risk-based audit plans.
• Strengthened financial reporting accuracy by examining accounting records, verifying transactions, and reconciling discrepancies.
• Developed strong working relationships with key stakeholders to facilitate open communication during the audit process.
• Mentored junior auditors, providing guidance on best practices in internal auditing and encouraging professional development.
• Presented clear, concise audit findings to senior management, offering actionable recommendations for improvements.
• Ensured compliance with regulatory requirements and company policies through meticulous audits and effective communication with management.
• Promoted a culture of accountability within the organization by consistently enforcing company policies and procedures during audits.
• Evaluated the effectiveness of IT controls, recommending enhancements where necessary to safeguard against potential cybersecurity threats.
• Assisted in the preparation of annual risk assessments and developed appropriate audit programs in response to identified risks.
• Provided ongoing support to management by offering guidance on internal control design and ensuring timely resolution of audit findings.
• Participated in integrating newly acquired entities into existing internal control frameworks, ensuring a smooth transition process.
• Supported continuous improvement initiatives by collaborating with cross-functional teams to identify opportunities for process optimization.
• Managed multiple complex audit projects simultaneously while adhering to strict deadlines and budget constraints.
• Minimized fraud risks by implementing comprehensive fraud detection strategies and conducting detailed investigations as needed.
• Collaborated closely with external auditors during year-end audits to expedite procedures and minimize disruptions to business operations.
• Participated in the development of the company''s enterprise risk management framework, assisting with the identification and prioritization of key risks.
• Streamlined audit documentation processes by implementing new software solutions that increased efficiency without sacrificing quality or accuracy.
• Conducted special investigations as requested by senior management or the board of directors, maintaining confidentiality throughout the process.
• Prepared audit programs and documentation in alignment with Generally Accepted Auditing Standards (GAAS).
• Documented recommendations to improve internal controls.
• Identified and reported audit issues.
• Produced audit reports.
• Reviewed financial statements for adherence to International Financial Reporting Standards (IFRS) and corporate regulations.
• Reviewed and identified risks, analyzed controls and tested compliance.
• Performed internal audits of financial and departmental operations, developing risk assessments and conducting process walkthroughs for compliance with documented processes.
• Investigated discrepancies discovered during auditing process.
• Prepared and distributed risk and audit reports to appropriate personnel.
• Guided departments in developing remediation plans based on audit findings and recommendations.
• Explained risk and compliance concepts to managers and executives.
• Prepared working papers, reports and supporting documentation for audit findings.

• Assist with quality reviews of audit work to ensure adherence to quality standards required by IIA
• Perform follow-ups on management action plans
• Interview personnel to obtain information relating to the regularity audit engagement
• Analyze the information post interviews to obtain an understanding of the regularity audit area
• Review the internal audit activities performed by Internal Auditors and Interns
• Supervise the subordinates by providing ongoing supervision, audit review, training, coaching and take corrective actions to address performance challenges observed, e.g.
• Assist in identifying relevant training needs
• Prepare and issue the Notification letters
• Develop the Engagement letter including the objectives of the audit project
• Review/Develop audit engagement work program
• Plan and supervise audit projects
• Conduct entrance & exit Conference with relevant line management
• Develop the draft and final audit report
• Presenting the audit draft report to the auditee for management comments

• Managing Internal Audit and Risk Management Function for Mpumalanga Region
• Assist in compiling a rolling 3-year strategic internal audit risk-based plan the Annual internal audit plan
• Facilitating the Risk Assessment Workshops and development of the Operational Risk Registers for Mpumalanga Region
• Ensuring that risk action plans in the Operational Risk Register are monitored on a monthly basis and report the status on the implementation
• Performing the compliance audits to check if all nine (9) Mpumalanga branches comply with the Gambling Board Act, Rules and Regulations
• Allocate and review the internal audit activities performed by the Internal Auditor
• Fraud Investigation and investigating cash shortages reported by Branch Managers
• Performing Ad-hoc Fraud investigation as per the request from the CEO and the CFO
• Reporting to the Chief Audit Executive directly
• Presenting Mpumalanga Region Internal Audit quarterly reports to Executive Management

• Assist the Audit Manager in planning all engagements
• Complete all planning and execution working papers and prepare audit files
• Prepare the engagement work programme for approval by the Audit Manager
• Execute audit procedures and organize closing and opening conferences
• Presenting the draft audit report and obtaining management comments
• Assist in developing the final audit reports
• Review the work of other sub-ordinates
• Reviewing the completeness of the audit files prepared by Trainee Internal Auditors
• Prepare audit committee packs
• Reason for Leaving: Career Development
• Identified and reported audit issues.
• Documented recommendations to improve internal controls.

• Prepare the engagement work programme for review by the supervisor
• Complete audit working papers and prepare audit files
• Execute audit procedures as per the approved audit programme
• Assist the supervisor in presenting the draft audit report and obtaining management comments
• Perform follow-up audits
• Serve as the secretariat at opening and exit meetings
• Assist in drafting audit queries, distributing signed final reports and prepare audit committee packs
• Reason for Leaving: Career Development

• Tutoring
• Supported students with helpful study habits and exam strategies.
• Increased student comprehension by utilizing personalized teaching methods and adapting to individual learning styles.
• Conducted regular assessments to monitor student progress and adjust teaching methods accordingly.
• Encouraged students to set and achieve personal academic goals, leading to sense of accomplishment and increased motivation.
• Developed personalized learning plans for students with special educational needs, enabling significant progress in their academic performance.
• Created positive and encouraging learning environment to foster love for learning among students.
• Organized after-school tutoring programs to provide additional support to students struggling with specific subjects.
• Conducted review sessions to help students prepare for tests.
• Supported students in development of critical thinking skills and perseverance to persist with challenging tasks.
• Assessed student learning needs and provided relevant instruction to close knowledge gaps.