Key Measurable Goals:
Timely and accurate audit reports to the Board and to Senior Management
Delivery and execution of a risk based annual audit plan
Timely monitoring and advice on status of control issues
Liaison with external assurance providers & regulators (CBK) and other stakeholders on matters relating internal controls and audit.
Productivity and efficiency of internal audit resources and process.
Adherence to internal controls across the organization.
Job Responsibilities
Developing and presenting to the Board Audit Committee for approval, an annual risk based audit plan after taking into consideration the corporate strategy, prevailing business and industrial risks and other stakeholder concerns.
Execution of the Annual Audit Plan as approved by the Board Audit Committee
Developing policies, audit procedures, audit processes and audit systems which provide efficient ways of executing the audit plan and having such policies processes and systems approved by Senior Management and the Board Audit Committee.
Developing and reviewing Internal Audit Charter in line with the provisions of the Microfinance Act, International Professional Practice Framework (IPPF) of Internal Audits and Best practice for Board and Senior Management approval.
Coordinating the work of external assurance providers including Group Internal Audit and the Central Bank of Kenya in on-sight Inspection and audit
Coordinating the Board Audit Committee Meetings including drafting the agenda, coordinating in sending out the Pack and taking minutes during Committee Meetings in liaison with the Company secretary.
Tracking and Monitoring audit issues raised through Internal Audit Assignments, External Auditors Management Letter, Central Bank of Kenya inspection, Group Internal Audit assignments and any other assurance provider.
Ensuring adoption of audit best practice from the Industry, Group Internal Audit through review of Audit processes and procedure Manuals, audit working papers and templates.
Working with the other departments, including Operations, Credit, Finance, HR, ICT, and Business Development in assuring that the policies and procedure manuals developed are in adherence to company policy statutory requirements and reporting requirements and adequate in establishing appropriate controls.
Carry out regular and surprise inspections of all processes, ensuring that they comply the company policy and procedures, statutory requirements and best practices guidelines as may be prescribed from time to time by relevant local and global organizations including shareholders, Lenders, regulators.
Regularly inspect company records and transactions and evolve scrutiny methodology that ensures compliance and sets standards to be adhered to for such from time to time
Prepare Annual, Quarterly and Adhoc reports to Senior Management and Board Audit Committee keeping them informed on emerging audit issues, performance and independence on Internal audit function and overall effectiveness of governance, risk & control frameworks.
Keep abreast with latest developments in the Micro Finance, Banking, Audit and Accounting fields with a view to enhancing internal audit function as a key contributor to company strategy.
Any other duty that may be assigned by the Board Audit Committee which is in-line with the Internal Audit Charter.
Other Requirements
Minimum: Bachelor degree in business or Finance
CPA (K)/ACCA, CISA, CIA qualifications
Masters degree in Finance or management is desirable
10 years’ of relevant experience, with at least 5 years’ experience in a senior management audit position in a financial institution.
Thorough knowledge of financial services/Micro finance industry policies and industry development
Thorough knowledge and of regulatory requirements as relates to MFBs and Banking institutions
Advanced computer skills-Ms Office, excel, SQL Server
Accounting principles and procedures including International Accounting standards and ICPAK guidelines
Advanced communication skills
Investigation and probing skills
Leadership skills
Ability to institute strategic approaches, risk management and control practices.
Knowledge of relevant laws including the Companies Act
Apply via :
www.racg.co.ke
