JOB OBJECTIVES
Systematically evaluate the framework for internal control, risk management, regulatory compliance, corporate governance, policies and procedures of the Bank to ensure that the operations of the Bank are carried out in a safe and effective manner.
DUTIES & RESPONSIBILITIES
Develop a flexible annual audit plan using an appropriate risk-based methodology, including any risks or control concerns identified by management, and submit that plan to the Board, through the BAC, for review and approval, and provide periodic updates on the audit plan to the BAC.
Implement the annual audit plan as approved, including as appropriate, any special tasks or projects requested by management and the audit committee.
Review systems and operations to assess the extent to which organizational objectives are achieved and the adequacy of controls in the Bank
Conduct periodic audit reviews on all operating systems, software, hardware, network and various application systems.
Issue periodic reports to Executive Management and to the Board, via the BAC summarizing results of audit activities. Recommend improvements in procedures and systems to prevent fraud and reduce cost.
Keep the Board Audit Committee informed of emerging trends and developments in internal auditing practices and give recommendations for necessary revisions in Internal Audit Charter and Internal Audit Manual.
Carry out any ad hoc appraisals, inspections, , examinations or reviews requested by the Executive Management Committee or Board Audit Committee/ Board of Directors
Advise on appropriate systems of controls and other accounting and operational matters in an advisory capacity.
Maintain an efficient working relationship with relevant regulatory bodies within the country
Maintain a professional audit staff with sufficient knowledge, skills, experience and professional certifications to meet the requirements of the Audit Charter
In collaboration with HR, recruit, develop and retain personnel with appropriate skills, knowledge, experience and professional certifications to provide credible assurance services to the business.
KEY PERFORMANCE INDICATORS
Variance between planned and actual audit
Timely rendition and quality of reports
Exceptions/fraud/irregularities detected and undetected
Extent of recovery of fraud loss
Creation of fraud awareness/education through sensitization memos
Savings per fraud/irregularities detected/prevented
Zero tolerance for income loss.
Achievement of cost savings and earnings target generated on account of process or activity improvement recommendations by Internal Audit resulting in efficiency
Zero External Auditors & Examiners’ major exceptions (rated medium to high risks) not previously identified and resolved by Internal Audit
JOB REQUIREMENTS
Education Qualifications
Minimum of a Bachelor’s degree (or equivalent) in Accounting, Banking & Finance or related discipline with a professional qualification in e.g. (CPA/ACCA & CIMA)
Work Experience Requirements
Minimum of 6 years’ cognate experience, with at least 3 years in a managerial capacity
KEY COMPETENCY LIST
Analytical with auditing & investigation Skills
Accounting Skills
Operations (Domestic, Foreign & treasury) Skills
Comprehensive Capital Market Operations Skills. General multi Corporate Finance and Financial Strategy Skills
Fraud and Operational risk knowledge
Comprehensive Credit Skills.
Oral and written Communication Skills
Banking, Insurance, Capital Markets, Trusteeship, Pension Fund and financial services product knowledge.
Policy and Regulatory Interpretation skill and Implementation capability
Extensive Working Knowledge of Microsoft word, Excel and power point and Intranet Mailing facility
Conceptual Skills
REPORTING RELATIONSHIPS
Functionally reports to: Board Audit Committee
Administratively reports to: Managing Director/Chief Executive Officer & Regional Assurance Manager, East & Southern Africa Region
Apply via :
app.ismartrecruit.com
