Overall Purpose: The incumbent will provide the Audit, Risk and Compliance Committee with an objective and independent assurance and at the same time offer consulting role designed at adding value and improving the NSE’s operations.
The Head will be responsible for developing and implementing independent, systematic and objective audit reviews and programmatic evaluations of business policies, systems, processes and practices to assess the effectiveness of internal controls and degree of compliance as well as identifying organisational gaps & deficiencies, and ensuring that good corporate governance practices are implemented to enhance the NSE’s credibility and brand.
Key Duties and Responsibilities
Provide strategic and thought leadership in the development and implementation of internal audit strategies, policies and procedures to achieve the Exchange’s objectives;
Provide leadership, coordinate and supervise audit team to ensure implementation of audit plans as approved by the Audit, Risk & Compliance Committee including preparation of individual assignment audit plan;
Prepare risk based annual audit plans aligned to the Exchange’s objectives for continuous audit of the organisation’s risk management, internal controls, governance process and financial statements;
Ensure that NSE’s products and related processes meet the required standards, procedures, processes and contractual obligations by ensuring that routine audits are conducted;
Planning and ensuring execution of system, financial, operational, compliance audits, management audits;
Preparation of final reports, clearance of any audit queries with various Heads of Departments and the Chief Executive and circulation to the Audit, Risk & Compliance Committee;
Evaluate the adequacy of internal controls by conducting protective and constructive audits of controls mechanisms, financial records, administrative procedures, workflow process as well as MIS and security systems to ensure that all assets of the Exchange are properly accounted for ;
Analyse data and information from NSE departments for evidence of deficiencies and weaknesses in internal controls, duplication of effort, extravagance, fraud or lack of compliance with approved policies and laws and regulations and vendor agreements; and
Establish and maintain good working relationships with all stakeholders to ensure that the all audit issues and risks are being addressed and that expectations are being met or exceeded.
Minimum qualifications and desired skills
Bachelor’s degree in Accounting, Finance, Auditing or Business Administration from a recognized institution; a Master’s degree would be an added advantage;
Professional qualifications such as CPA, ACA, ACCA, CIMA or equivalent;
Other Professional qualification in audit, information systems, fraud and investigation e.g. CISA, CFE, CFA would be an added advantage;
Must be a member of the Institute of Certified Public Accountants of Kenya (ICPAK) in good standing;
Minimum six (6) years relevant professional experience in the areas of accounting, auditing, compliance supervisions and risk management gained from an organization with strong internal control frameworks, preferably within the financial services industry;
In-depth knowledge of the International Financial Reporting Standards (IFRS), International Standards on Auditing (ISAs) and International Standards for Professional Practice of Internal Auditing is a must.
Key Competencies
Good knowledge of the Kenyan capital markets’ systems, technology and risk framework;
Good knowledge & understanding of the capital markets regulatory framework;
Sound understanding and working knowledge of financial information systems e.g. ACCPAC or similar system;
Hands-on experience in carrying out information systems audits;
Hands-on experience in the use CAATs (Computer Assisted Audit Techniques) ;
Ability to provide timely and accurate information on matters related to audit without compromising the independence or objectivity of the risk management function;
Ability to maintain confidentiality of privileged information and to ensure absolute discretion and sensitivity to confidential matters.
go to method of application »
