Reporting to the Managing Director and Board, the job holder shall be responsible for timely execution of risk-based internal audits in accordance with the company’s audit plan, as well as assisting with other audit matters and projects.
Responsibilities
Audit, Risk and compliance Duties
Prepare the annual audit plan and ensure audit plan delivery through audit reviews
Develop, review, update and implement an Enterprise Risk Management (ERM) Framework for the organization
Carry out quarterly risk assessment and maintain and regularly update the organization’s risk register
Assess best financial practice for the organization and make relevant recommendations
Evaluate efficiency of risk management procedures that are currently in place
Make recommendations on how to improve internal control and governance processes
Conduct risk assessment of assigned department or functional area in established/required timeline and recommending risk mitigation techniques and controls
Ensure compliance with established internal control procedures by examining records, reports, operating practices, and documentation.
Coordinating external statutory audits and follow up to ensure all recommendations are implemented on a timely basis
Communicate audit findings by preparing a final report; discussing findings with management and external auditors
Prepare special audit and control reports by collecting, analysing and summarizing operating information and trends
Maintain professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; participating in professional societies
Control and Monitoring
Provide consolidated reporting, inclusive of an overall audit profile, ensuring that major risks are identified and reported to the Management on risk hotspots, measures and recommendations
Appraise adequacy of internal control systems
Ensuring the company’s compliance with the all relevant statutory guidelines
Ensure that all financial and other reporting requirements are done correctly and within the required deadlines
Maintaining a database of all licenses and contracts and ensuring timely renewal of both
Reviewing all contracts prior to execution and ensuring that all SLAs are met.
Maintaining the required compliance and corporate files as mandated by the standards and other applicable regulators.
Overseeing the day- to- day administration of the company’s code of ethics
Responding to regulatory inquiries and third-party examiners
Managing the company’s certification processes to ensure that all certification requirements are adhered to and certifications maintained
Reconciling documentation with actual inventory or assets to ascertain accuracy
Change Agent
Communication. Follow-up on outstanding audit issues
Training. Conduct staff training on audit areas and programs geared towards raising level of compliance.
Systems and processes. Develop and implement processes and procedures that enhance efficiency and compliance
Qualifications
Degree in Business/Finance/Accounting or related field
Professional qualifications e.g. CPA/ACCA/CFA/ACII/FIA/FFA
Minimum of 5 years’ experience in an audit/compliance function
Knowledge of IFRS guidelines
Ability to analyze situations for compliance and business risk, and implement solutions to address and mitigate such risk
Strong analytical skills and proper and organized documentation skills
Proven capability to provide useful insights and pragmatic solutions to business challenges
