The position encompasses a diverse array of duties and obligations, requiring a proactive approach to achieving organizational objectives. Key responsibilities involve overseeing project execution, ensuring adherence to deadlines, and maintaining high standards of quality. Additionally, the role demands collaboration with cross-functional teams to streamline processes and enhance productivity. Proficiency in industry-specific tools and methodologies is essential, along with the ability to analyze data and generate actionable insights. Candidates must possess strong problem-solving skills, adaptability to evolving priorities, and exceptional communication abilities to liaise effectively with stakeholders.
Overseeing the Internal Audit, Risk Management, and Compliance functions within the Sacco, with a primary focus on executing internal audit activities as a critical element of the corporate governance framework.
Formulating internal audit, risk management, and compliance strategies, as well as creating comprehensive manuals that outline procedures and optimal practices.
Crafting, executing, and evaluating the internal audit charter constitutes a key responsibility of this role.
Crafting thorough audit programs and strategic plans to encompass all organizational activities and initiatives.
Conduct evaluations of the institution’s disaster recovery and incident management programs, then provide strategic recommendations to management regarding potential enhancements.
Performing prompt, risk-focused internal audits and providing the board of directors with expert guidance on all audit-related issues.
Evaluating the dependability and accuracy of financial and operational procedures, as well as adherence to established policies.
Efficient and effective utilization of the Sacco’s resources is crucial to achieving optimal economic outcomes.
Developing and implementing effective strategies to optimize operational processes and strengthen internal control systems.
Analyze, evaluate, and oversee financial, operational, and strategic risks to ensure comprehensive risk management across all organizational functions.
Design, implement, and continuously enhance a comprehensive risk management framework to ensure organizational resilience and regulatory compliance.
Provide strategic guidance to leadership regarding approaches to minimize and manage potential risks.
Track risk indicators vigilantly and facilitate prompt reporting maintaining organizational awareness and compliance.
Ensure that SACCO operations adhere strictly to all applicable SARA regulations, by laws, and statutory obligations.
Perform compliance audits and oversee the implementation of corrective measures to ensure adherence to regulatory standards.
Stay updated on evolving regulations and promptly provide strategic guidance to leadership based on these developments.
Educate employees on the necessary compliance regulations and ethical guidelines integral to their roles.
Offer administrative assistance to the Audit and Supervisory Committees, ensuring efficient coordination of meetings, accurate documentation, and timely distribution of relevant materials.
Contribute to the development of strategic initiatives and the creation of organizational policies.
Provide strategic guidance to senior leadership regarding governance frameworks and internal control mechanisms.
Promote an environment characterized by accountability and transparency, ensuring that all actions and decisions are clearly communicated and responsibility is upheld at every level.
You will be responsible for detecting indicators of fraudulent activity or misconduct, ensuring adherence to ethical standards and regulatory requirements. This role involves vigilant oversight to identify potential risks and irregularities, safeguarding organizational integrity through proactive monitoring and immediate reporting of suspicious behavior.
Investigations are conducted, and actionable recommendations for preventive measures are developed.
Develop and execute programs aimed at enhancing fraud awareness and detection capabilities within the organization.
Minimum requirements include a bachelor’s degree in a relevant field or an equivalent combination of education and experience. Candidates must possess at least three years of professional experience in a similar role, with a proven track record in project management or client relations. Proficiency in industry-standard software and tools is essential, along with strong analytical and problem-solving abilities. Excellent communication skills, both written and verbal, are required to collaborate effectively with cross-functional teams and stakeholders. Additionally, candidates should demonstrate adaptability in a fast-paced environment and a commitment to continuous learning and professional development.
A degree in Commerce with a specialization in Accounting or a closely related field, along with a Certified Public Accountant (K) qualification or an ARCA certification, is required.
CISA (Certified Information Systems Auditor) and CFE (Certified Fraud Examiner) credentials are advantageous for this role.
Preferably, you hold active membership in IC PAK or a comparable professional organization.
Seeking candidates with a minimum of five years of audit experience, ideally obtained within a dynamic organizational setting such as a Sacco or financial institution.
Possesses comprehensive expertise in SARA regulations and established risk management frameworks.
Proficient communication abilities, both written and verbal, are essential for this role. The ideal candidate will demonstrate strong problem-solving capabilities, analytical thinking, and meticulous attention to detail. Familiarity with industry-specific software and tools is highly preferred. Additionally, the ability to collaborate effectively within cross-functional teams and manage multiple priorities under tight deadlines is required. Previous experience in a similar capacity will be advantageous.
Proficient in utilizing computer applications, with a particular emphasis on accounting software and systems.
Have shown distinguished performance and proficiency in the field of auditing.
Proficiency in multiple Sacco software systems is considered beneficial.
Proficiency in the regulatory frameworks established by Sacco Societies Regulatory Authority (SARA) and other relevant stakeholders is essential.
Qualifications
BA/BSc/HND , Professional Certificate
Experience Required
5 years
