Main Purpose of the Job
To provide independent reasonable assurance to management on the adequacy, effectiveness and efficiency of audited processes and personnel and in doing so provide reasonable assurance on risk management, control and governance. To effectively and efficiently carry out audits as assigned.
Key Responsibilities
- Understanding the business processes.
- Compiling Sub Process Analyses as well as Risk and Control Analyses (RACA) that are applicable to the processes and units audited.
- Drafting audit programmes for the different processes before they are audited.
- Carrying out audit tests on functions/processes being audited and documenting results.
- Recommending effective and adequate processes which reduce risk in operations.
- Timeous drafting of audit reports on assignments carried out.
- Carrying out ad hoc assignments as instructed.
- The ongoing identification of risks and possible mitigants.
Key Performance Measures
- Satisfactory completion of assignments within agreed times.
- Production of quality audit reports.
- Cost containment where possible.
- Positive feedback from auditees.
- Positive feedback from Head, Internal Audit.
Key Dimensions of the Job (Managerial Staff only)
- Not applicable.
Important Relationships
Internal to Bank
- Continuous communication with the Regional Audit Manager to get advice and guidance.
- Communication with the Regional Audit Manager on progress with regards to the annual audit plan
- Maintain close communication with Internal Audit team to enhance team spirit and share ideas and advice
- Bank staff in the areas being audited.
External to the Bank
- Develop and maintain relationships with External Audit Institutions and Regulators to receive guidance and keep abreast with changes and developments.
Problem Solving, Planning and Decision Making
Problem Solving
- Decide on the ratings to give audited processes, suitability of recommendations made and overall ratings awarded, pending input from the Manager.
Planning
- Proper planning of audit assignments to ensure a robust risk assessment of audited entity.
- Portfolio discussions with management to ensure proper understanding of the business and risk.
- Establish scope that is sufficient to cover the audit objectives based on the preliminary evaluation of risks.
Decision making
- Allocate audit ratings which any reasonable and competent auditor would agree with.
- Giving SMART (Specific, Measurable, Achievable, Resources, and Time bound) recommendations to business.
- The ability to make decisions on available information and handle conflict that may arise.
Knowledge, Experience and Personal Competencies
Knowledge
- A first degree and a professional qualification such as CIS, CIA, CIMA, ACCA, CA, ACA, ACIB, MNIM etc
Experience
- Detailed knowledge of banking systems and procedures, and modern internal auditing practices.
Personal Competencies
- Analytical Skill
- Communicate effectively
- Result Oriented
- Manage relationship
- Effective time management
- Integrity
- Independence
- Objectivity
- Ability to multitask
- Good numerical ability
- Good listening skills
- Team Player
- Due professional care
To apply
Please send your application to [email protected] with the job title (Head of Internal Audit) as object of your e- mail.
Deadline: February 28th 2013
