We are seeking a dynamic professional to oversee and execute a comprehensive range of duties, including strategic planning, operational management, and cross-functional collaboration. The ideal candidate will be responsible for developing and implementing policies to enhance efficiency, ensuring compliance with industry regulations, and fostering innovation to drive organizational growth. Key responsibilities encompass leading project teams, analyzing performance metrics to identify trends, and presenting actionable insights to senior leadership. Additionally, the role requires managing stakeholder relationships, optimizing resource allocation, and maintaining meticulous documentation of processes and outcomes. Strong analytical, communication, and leadership skills are essential to successfully navigate challenges and achieve departmental objectives.
Overseeing the Sacco’s Internal Audit, Risk, and Compliance functions, this role plays a pivotal part in the corporate governance framework by conducting essential internal audit activities.
Crafting internal audit, risk management, and compliance strategies, as well as creating detailed manuals outlining procedures and best practices, is a key responsibility.
Crafting, executing, and evaluating the internal audit charter constitutes a primary responsibility of this role.
Crafting thorough audit programs and strategic plans encompassing all operational activities and initiatives is essential.
Evaluate the institution’s disaster recovery and incident management programs to identify opportunities for enhancement, then provide strategic recommendations to management for implementation.
Performing risk-based internal audits in a timely manner and providing the board of directors with advisory insights on all audit-related concerns.
Evaluating the dependability and accuracy of financial and operational procedures, as well as adherence to established policies, constitutes a key responsibility.
We aim to optimize the use of the Sacco’s resources, ensuring both economic efficiency and effectiveness in their allocation and management.
Devising and implementing actionable solutions to bolster operational efficiencies and strengthen internal control frameworks.
Evaluate and track financial, operational, and strategic risks to ensure proactive mitigation and alignment with organizational objectives.
Design and uphold a comprehensive risk management framework to ensure organizational resilience and compliance with regulatory standards.
Develop and present strategic recommendations to enhance risk mitigation policies and procedures for senior leadership.
Ensure vigilant oversight of risk indicators and facilitate prompt reporting maintaining awareness and compliance.
Ensure SACCO operations adhere to SARA regulations, by laws, and all applicable statutory requirements.
Perform compliance audits and ensure follow-through on corrective measures.
Stay informed about updates in regulations and provide timely guidance to management based on these changes.
Conduct comprehensive training sessions for employees to ensure adherence to compliance mandates and ethical guidelines.
Provide administrative and clerical assistance to the Audit and Supervisory Committees.
Engage in high-level strategic planning initiatives and contribute to the development and refinement of organizational policies.
Provide strategic guidance to leadership regarding governance frameworks and internal control mechanisms.
Promote an environment characterized by accountability and transparency, where responsibilities are clearly defined and communication is open and honest.
Vigilantly observe and identify any indications of fraudulent activity or misconduct to ensure compliance and integrity within operations.
Perform comprehensive investigations and propose effective preventive measures to mitigate potential risks and enhance organizational safety.
Develop and execute comprehensive fraud awareness and detection initiatives to safeguard organizational assets and mitigate risks associated with fraudulent activities.
Bachelor’s degree in a relevant field or equivalent professional experience is required. Proficiency in specific software tools and technologies is essential. At least three years of related work experience is mandatory. Strong analytical and problem-solving skills are necessary. Excellent communication abilities, both written and verbal, are demanded. Familiarity with industry regulations and compliance standards is expected. Ability to work independently and collaboratively in a team environment is crucial. Willingness to learn and adapt to new challenges is a must.
A Bachelor of Commerce in Accounting or a closely related field, coupled with a CPA (K) qualification or alternatively an ARCA certification, is required.
CISA (Certified Information Systems Auditor) and CFE (Certified Fraud Examiner) credentials are highly advantageous.
A professional affiliation with IC PAK or an equivalent recognized body is strongly preferred.
Seeking candidates with at least five years of hands-on audit experience, ideally within a dynamic organizational environment such as a Sacco or financial institution.
Proficient in SARA regulations and risk management frameworks, with a comprehensive understanding of their application and implications.
Proficient in critical analysis, problem-solving, and strategic planning, with a keen eye for detail and a commitment to precision. Demonstrates exceptional communication abilities, both written and verbal, to articulate complex ideas clearly and effectively. Strong organizational skills, coupled with the capacity to manage multiple priorities under tight deadlines. Adept at fostering collaborative working relationships across diverse teams to achieve common objectives. Exhibits adaptability and resilience in dynamic environments, while maintaining a focus on continuous improvement and innovation.
Proficient in utilizing computer applications, with a particular emphasis on accounting software and systems.
Demonstrated outstanding capability and achievement in the field of auditing.
Proficiency with multiple Sacco software systems is considered an additional asset.
Familiarity with the regulatory frameworks established by Sacco Societies Regulatory Authority (SARA), as well as the policies and guidelines of other relevant stakeholders, is required.
Qualifications
BA/BSc/HND , Professional Certificate
Experience Required
5 years
