Specialist: Combined Assurance

Specialist: Combined Assurance

Operating Division:Transnet Pipelines

Employee Group:Permanent

Department:FI, Combined Assurance, DNR

Location:Durban Central

Reporting To:Senior Manager: Gov,Risk & Controls

Grade:E

Reference:req6065

The closing date is on 27/10/2026. It is the responsibility of the applicant to ensure that HR has received the application before the closing date of the advertisement.Preference will be given to Persons with Disability (PWD)Position Purpose
• To develop and manage the control compliance to maintain a satisfactory control environment and providing stakeholder assurance thereby assisting in the achievement of its strategies. implementation of sustainably effective internal controls across the Transnet Pipeline.
• Create a control environment that is conducive to the practice of efficient and effective Integrated Combined Assurance activities through design of adequate policies, procedures and frameworks, as well as appropriately designed accompanying instruments to enable proper Integrated Combined Assurance

Position Outputs
1. Development of the Combined Risk Assurance Universe for TPL across strategic, tactical and operational levels and
risks that includes all the auditable units, various risk factors to enable Executive and Senior management and related
Governance forums to obtain a comprehensive, holistic view of the effectiveness of internal controls over their organisation’s governance, risk management, and key business processes to enable setting of priorities and to respond with any appropriate actions.
2. Co-ordination and optimisation of risk based assurance activities across TPL to reduce assurance costs, audit fatigue &
frustrations, increase efficiencies and avoid duplication and create alignment to achieve strategic goals. Optimisation
through planning and responding to the organisational objectives and targets, key performance indicators, resources,
complexity of the internal and external operating environment, critical business activities, statutory obligations and the
outcomes of prior internal and external assurance reviews.
3. Regularly update the Combined Risk Assurance Universe by continuously analysing assurance coverage and identify
possible duplicates and areas of inadequate coverage and assess frequency of assurance activities i.e quarterly, annually,
every three years etc.
4. Co-ordinate and review assurance reports and submission to the management committee of TPL established to coordinate and monitor the design and implementation of the Combined Assurance management processes and relevant outcomes.
5. Oversight and management of the Combined Assurance Management System that is used to integrate and report on
Combined Assurance initiatives and status within TPL.
6. Assist in the development of assurance plans for the various lines of assurance within TPL. Monitoring status of corrective and preventative measures to drive the successful outcome of the Combined Assurance model at TPL.
7. Oversight of the resource planning to ensure the right competence for the assurance activities are sufficient and
adequately resourced to complete the required assurance activities.
8. Lead the development and execution of lines of assurance in terms of professional standards and accreditation and levels of independence and objectivity.
9. Collaboration and integration with relevant assurance providers and management to ensure alignment to Combined Risk Assurance Universe and successful execution of lines of assurance.
10. Monitoring the activities of the internal and external auditors to ensure that sufficient, objective, reliable and relevant
information is obtained to achieve the assurance plan objectives via prevent, detect and correct assurance activities.
11. Preparation of assurance reports that details outcomes of assurance reviews with the overall assurance assessment in
line with relevant TPL Policies and Procedures.
12. Facilitate close out meetings with Executive and Senior Management to discuss and agree on Assurance reports, audit
outcomes and action plans for any recommendations to enhance the assurance activities.
13. Monitoring and tracking of assurance outcomes and action plans arising from Assurance Reports to ensure
recommendations are implemented to improve the control environment across TPL. Escalation of outcomes that have
exceeded committed resolution dates and/or age analysis trends to Senior Manager Governance, Risk and Controls, Chief
Financial Officer and other Executives.
14. Assist in training and awareness across TPL to ensure all stakeholders are adequately trained and knowledgeable on the Combined Assurance Policy and procedure outcomes.
15. Develop key performance indicators for relevant Combined Assurance stakeholders i.e. first, second and third lines
of assurance to drive a culture of compliance and achievement of Combined Assurance deliverables.
16. Research Combined Assurance best practices for benchmarking and drive continuous improvement of the Combined
Assurance function across TPL.
17. Provide technical support on Combined Assurance to all employees and stakeholders across TPL.
18. Presentation of Assurance Reports at Governance Forums across TPL and Transnet.

Qualifications and Experience
• Post graduate degree in risk, accounting or auditing
• 6-8 years’ experience is in a financial compliance role is required, involved in conversion of risk, and provide improved controls.
• Requirement of trust and honesty in the handling of finances as per the National Credit Act Amendment 19
Standard Job Requirements
• Willing to work extended working hours
• Driver’s license code 08

Competencies
Knowledge
• Advanced understanding Audit and combined assurances practices
• Advanced Understanding of Combined Assurance model
• Knowledge of Finance and Accounting systems and practices.
• King IV and corporate governance principles.
• Knowledge and interpretation of all relevant legislation, and regulations.
Skills
• High ethical standards
• Communication skills 9 verbal and written
• Planning and Organising
• Strong interpersonal skills
• Presentation skills
• Time management skills
• Report writing
• Project management

Functional competencies:
• Knowledge of internal audit standards
• Internal audit management
• Governance, Risk and Control
• Critical thinking
• Internal audit delivery
• Internal audit techniques and tools

Equity Statement
Preference will be given to suitably qualified Applicants who are members of the designated groups in line with the Employment Equity Plan and Targets of the Organisation/Operating Division.

Disclaimer
If you have not heard from Transnet within 90 days, please consider your application as unsuccessful.
Transnet, its employees or representatives never ask for a fee from job seekers. Any such requests are fraudulent. Please report any suspicious activities in this regard to the Transnet anti-fraud line on 0800 003 056 or email reportit@ethicshelpdesk.com

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