Job Purpose
Responsible for conducting internal audits in line with the audit plan or as requested by the board or audit committee.
Key Responsibilities
1. Identify and critically evaluate elements of governance and risk management in the service, design appropriate risk management and mitigation strategies for implementation
2. Plan and execute internal audits in accordance with International standards on professional practice of internal audit and department’s audits methodology
3. Develop, in consultation with Group Head of Internal Audit, detailed audit programs based on the documented procedures and best practice, for each identified audit project, giving special attention to potential risk areas.
4. Carry out detailed audit tests on all the company’s operations based on standard audit programs in accordance with the approved Annual Audit Plan. This includes review of operations, highlighting areas of internal control weakness and making recommendations to improve efficiency. The jobholder may change the scope of the audit if actual circumstances in the field so demand.
5. Perform and control the full audit cycle including risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable directives and regulations.
6. Determine internal audit scope for particular assignments
7. Maintain open communication with management and audit department management
8. Develop new continuous improvement initiatives, evaluate the adequacy of internal control systems in place
9. Gather adequate audit evidence to support findings and suggestions for improvement.
10. Discuss with the Group Head of Internal Audit on the appropriate method of gathering audit evidence, depending on the actual circumstances encountered in the field in the course of the field work, the jobholder will constantly discuss the findings of the business.
11. Pay visit to other offices to ensure operations are in line with the Group policies and procedures.
12. Assisting the Group Head of Internal Audit in the review and documentation of existing accounting, administrative and internal control systems for adequacy and effectiveness and making recommendations for improvement. This will cover company operations and call for a thorough understanding of all the company operations.
13. Work with the Group Head of Internal Audit in verifying compliance with all the relevant legislation and regulatory requirement.
14. Perform any other duties as may be assigned from time to time
Working Relationships-Internal
The Internal Auditor will be;
· Accountable to Group Head of Internal Audit.
· Administratively accountable to the CEO.
· Work with other departments as and when required.
· Board Audit Committee
Working Relationships-External
External Auditors
Knowledge, experience, and qualifications required
Technical Competencies
1. Knowledge of internal audit procedure
2. Analytical skills
3. Decision making –ability to make strategic decisions in a timely and effective manner
4. High moral and ethical standing
Essential Competencies
1. Deciding and Initiating Action: Ensures, key organisational objectives are met, takes responsibility for decisions, actions, projects and people while focusing on achievement of strategic results; takes initiative and works under own direction; initiates and generates activity; makes quick, clear decisions with limited information available which may include tough choices or considered risks; decisions and actions takes into account possible impact on all parts of the business.
2. Leading and Supervising: Provides the business with a clear direction based on the overall strategic intent of the organisation; motivates and empowers others with a clear sense of purpose; creates a positive organisational climate that fosters learning and development; acknowledge high potential talent; sets and articulates the vision and values through own personal behaviour.
3. Relating and Networking: Easily establishes, as well as assists others in building good relationships with customers and staff across all departments, inside and outside of the organisation; relates well to people at all levels; facilitates the resolutions of conflict and manages disagreements with tact and diplomacy.
4. Persuading and Influencing: Gains clear agreement and commitment from others by persuading, convincing and negotiating to the benefit of the organisation, promote the organisational strategy during conversations; makes effective use of political processes to influence and persuade others; promotes ideas on behalf of oneself, the department or the organisation; makes a strong personal impact on others; takes care to manage the organisation’s impression and brand on others.
5. Formulating Strategies and Concepts: Works strategically to realise organisational goals; sets and develops organisational strategies; identifies, develops positive and compelling visions of the organisation’s future potential; takes account of a wide range of issues across, and related to, the organisation; encourage others to take a strategic and long-term view in terms of the organisation’s future; communicates the organisational strategy, vision and objectives effectively across all levels of the organisation.
Knowledge, experience, and qualifications required
· Bachelor’s degree in Commerce, Finance/ Accounting/ Information Technology or a related field.
· Professional qualification in Accounting or Finance or Information Technology
· Certified Information Systems Analyst (CISA) and Certified Financial Analyst (CFA); KASNEB are an added advantage
· 3-5 years working experience in an Audit-related field.
