Reports to: Manager, Internal Audit
Department: Internal Audit & Security
JOB TITLE: OFFICER, INTERNAL AUDIT
JOB PURPOSE
The purpose of the role is to perform
objective, independent, and reliable assessments on the effectiveness of the
Bank’s risk management activities, its compliance with applicable regulations,
and its internal control-environment. Execution of audit duties in the
planning, scheduling, coordinating, reviewing and reporting in line with
professional auditing standards and bank audit requirements.
Key Responsibilities
- Audit planning
- Audit execution
- Audit reporting
- Monitoring and follow up
Audit Planning
- Plan and conduct risk-based &
compliance audits in line with the work plan. Prepare engagement audit
plans for individual assignments as per the work plan allocations.
- Review and develop audit programs
and testing procedures relevant to risk, compliance and audit objectives
for audits allocated.
- Assess and evaluate key processes
as identified in the risk assessment during assignment planning.
- Identify internal controls issues
for key risk processes during planning to adequately test controls and
processes.
Audit Execution
- Perform audit procedures to
verify the design and effectiveness of controls through testing and
interacting with the relevant staff.
- Ensure successful completion of
assigned/planned audit engagements, from start to finish, inclusive of
preplanning, fieldwork and wrap up activities.
- Use audit project management
tools to record and track an audit project progress.
- Prepare of audit files for
assignments allocated and ensure proper sign-off & filing of working
papers.
- Carry out spot checks on keys
areas such as cash count etc.
- Assess, evaluate and advise
management on how to achieve statutory/ legal compliance;
Reporting
- Prepare draft audit reports of
key risks identified during execution and their respective root causes.
- Discuss audit findings and
recommendations with the directors and departmental heads; identify and
communicate control issues noted, offering practical solutions relevant to
business and related risks.
- Prepare and submit timely,
quality audit reports for review.
- Assess, evaluate and advise
management on how to achieve statutory/ legal compliance through specific
and insightful recommendations.
Monitoring and Follow Up
- Consistently monitor progress of
implementation on the agreed management action plans by way of tracking
and follow- up audits and report on any gaps observed.
- Develop and maintain productive
client and staff relationships.
- Conduct ad-hoc/ special
investigations and reviews as requested by management or Board Audit &
Risk Committee (BARC).
- Undertake any other tasks as
assigned by Internal Audit Manager from time to time.
DECISION MAKING AUTHORITY
Decisions for this job are restricted to
audits allocated as per the work plan.
- Risk classification of an audit
observation. i.e. whether High, Medium or Low
- Verify implemented management
action plan to confirm that they are adequate to satisfactorily address
observed control gaps.
The Internal Audit Officer makes
recommendations to the Internal Audit Manager on actions to be taken. Actions
will only be taken upon approval of the recommendations.
In making the recommendations, the Internal
Auditor will be guided by;
- Bank’s approved policies and
standard operating procedures
- Relevant and applicable Acts such
as the Banking Act of Kenya, POCAMLA, etc.
- Regulation – Prudential
guidelines, Risk Management Guidelines
- Professional standards from
ICPAK, IIA
Qualifications
- University degree in business
preferably in accounting or finance from a recognized university.
- Minimum
of 3 years of experience in auditing or a minimum of 5 years operations
experience in a bank.
Skills & Competences
- Strong interpersonal skills
- Analytical skills
- Team player
- Report writing and general
communication skills
- Ability to frequently travel for
long periods and on short notice.
- CPA and/or CIA and/or CISA
How to Apply
Fill in the job application form below.
https://sidianbank.co.ke/vacancy/officer-internal-audit-2/
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