|Category:||Accounting & Auditing|
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.
Key Responsibilities :?
Ensuring performance of quality audits and production of quality internal audit reports with practical and agreeable corrective actions and submit the reports to all members of the Audit Committee, Managing Director and members of the Executive team ?
Follow up and escalate on all audit findings implementation for escalation as per the banks escalation matrix ?
Carry out analytical reviews of the root-cause of the common/ recurrent audit findings and disseminate alerts and solution recommendation; ?
Producing the agendas for the Board Audit Committee and managing the entire process ensuring that quality Board papers are submitted to the members and quality minutes are produced and circulated to action persons ?
Investigation of all attempted frauds and conduct forensic reviews as requested by management ?
Coordinating the Central Bank of Kenya annual inspection of the Bank and ensuring both the inspection reports and the external auditor’s management letters are converted to corrective action plans and that the Audit Committee is regularly updated with the status of implementation of the corrective measures by the line managers. ?
Manage the budget for the department ?
To perform any other duty as assigned in line with the organization goals and objective ?
Recommends changes in policies and/or procedures to increase efficiency of operations and improve safeguards over the Bank’s assets ?
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. ?
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. ?
Any other duty that may be assigned by the Board Audit Committee which is in-line with the Internal Audit Charter.
Qualifications for the Head of Internal Audit Job:
Bachelor degree in business or Finance ?
Master’s degree in Finance or management is an added advantage. ?
CPA (K)/ACCA qualification. CISA, CIA ?
5 years’ experience in a senior management audit position in a financial Institution. ?
Thorough knowledge of financial services ?
Thorough knowledge and of regulatory requirements ?
Advanced computer skills-Ms Office, excel ?
Accounting principles and procedures including International Accounting standards and ICPAK guidelines ?
Advanced communication skills ?
Investigation and probing skills ?
Knowledge of relevant laws including the Companies Act ?
Broad knowledge of industry and operations