As part of this position, you will be responsible for executing a range of duties and tasks integral to the role. Your primary focus will involve overseeing and managing specific operational activities to ensure efficiency and effectiveness. Additionally, you will collaborate with cross-functional teams to align objectives and drive project success. The role demands a proactive approach, strong problem-solving skills, and the ability to adapt to evolving priorities. Prior experience in a similar capacity, along with proficiency in relevant tools and methodologies, is essential. You will also be expected to maintain clear communication channels with stakeholders and contribute to the development of strategic initiatives. Attention to detail, organizational skills, and a commitment to delivering high-quality results are critical for success in this position.
Leading the Sacco’s Internal Audit, Risk, and Compliance functions, you will execute essential internal audit activities as a vital element of the corporate governance framework.
Crafting internal audit, risk management, and compliance frameworks, along with comprehensive manuals that outline procedures and best practices, is the primary responsibility.
Crafting, establishing, and evaluating the internal audit charter constitutes a core responsibility.
Crafting thorough audit programs and strategic plans designed to encompass all operational activities and programs comprehensively.
Evaluate the institution’s disaster recovery and incident management programs, providing strategic recommendations to management to enhance operational resilience and mitigate risks.
Performing risk-focused internal audits in a timely manner and offering strategic guidance to the board of directors regarding all audit-related concerns.
Evaluating the dependability and accuracy of financial systems, operational processes, and adherence to established policies and procedures.
Efficient and effective utilization of the Sacco’s resources to optimize economic performance.
Crafting effective strategies to bolster operational efficiencies and strengthen internal control frameworks.
Evaluate financial, operational, and strategic risks by identifying, analyzing, and continuously tracking potential exposures to ensure proactive risk management and mitigation.
Construct and sustain a comprehensive risk management framework.
Provide strategic guidance to senior leadership regarding approaches to minimize organizational risks effectively.
Oversee and track risk indicators while facilitating prompt reporting to relevant stakeholders.
Ensure that SACCO operations adhere to all applicable regulations set forth by SARA, as well as by laws and other legal obligations.
Perform compliance audits and oversee the implementation of corrective measures to ensure adherence to regulatory standards.
Monitor legislative and regulatory developments closely, providing timely updates and strategic guidance to senior leadership to ensure informed decision-making and compliance.
Provide comprehensive training to personnel on regulatory compliance mandates and professional ethical guidelines.
Offer administrative and operational assistance to the Audit and Supervisory Committees.
Contribute to the development of strategic plans and the creation of organizational policies.
Provide strategic guidance to leadership regarding governance and internal control matters.
Foster a culture of accountability and transparency.
Observe and identify any indications of fraudulent activity or unethical behavior.
Investigations will be carried out, and recommendations for preventive measures will be formulated.
Develop and execute programs focused on fraud awareness and detection to safeguard organizational assets and mitigate risks.
Minimum qualifications include a bachelor’s degree in a relevant field, along with a minimum of three years of professional experience in a similar role. Strong analytical and problem-solving skills are essential, as is the ability to work independently and manage multiple priorities. Proficiency in industry-standard software and tools is required, and familiarity with project management methodologies is highly preferred. Excellent communication skills, both written and verbal, are necessary to collaborate effectively with stakeholders and team members.
Bachelor of Commerce Accounting or related degree with CPA (K) qualification or, CPA (K), ACCA.
CISA (Certified Information Systems Auditor) and CFE (Certified Fraud Examiner) credentials are considered beneficial qualifications for this role.
A strong preference exists for candidates who are active, compliant members of IC PAK or a comparable professional organization.
With a minimum of five years of audit experience in a high-volume organizational setting, preferably within a Sacco or financial institution, you will bring proven expertise to this role.
Extensive expertise in SARA regulations and robust risk management frameworks is essential.
Proven expertise in critical analytical thinking, exceptional problem-solving capabilities, and strong decision-making under pressure. Demonstrates outstanding organizational skills, meticulous attention to detail, and the ability to multitask effectively in dynamic environments. Exhibits excellent communication and interpersonal skills, fostering collaborative relationships with colleagues and stakeholders at all levels. Proficient in utilizing advanced software tools and systems to streamline workflows and enhance productivity. Ability to adapt swiftly to evolving priorities and business needs while maintaining a high standard of accuracy and efficiency. Committed to continuous professional development and staying abreast of industry trends and best practices.
Effective working knowledge of computer applications, with a particular emphasis on accounting software and systems, is essential.
Have established a strong track record of excellence in auditing, demonstrating a high level of skill and proficiency in the field.
Proficiency in multiple Sacco software systems is a desirable qualification.
Proficient understanding of regulations established by Sacco Societies Regulatory Authority (SARA) and other relevant stakeholders is essential.
Qualifications
BA/BSc/HND
Experience Required
5 years
