Internal Auditor – Investments
PURPOSE:
The bearer of the role is
responsible for the execution of audits/assessments of controls and processes
across all investments of CIC Insurance Group against leading practices,
frameworks and common standards (e.g. Company policies and procedures,
International Standards on Auditing, International Professional Practices
Framework, International Financial Reporting Standards, Regulatory bodies such
as the RBA, CMA, etc.).
S/He is also expected to
participate in the preparation and implementation of annual work plans and
budgets.
Duties & Responsibilities
- Play
a lead role in Investments audits – including the execution of evaluation
and design of controls by carrying out independent tests and assessments
of compliance with the policies, procedures and regulations as per the
approved annual work plans plus audit tasks assigned to other areas;
- Assist
in monitoring and identifying areas of internal control weaknesses and
non-compliance within procedures and provide sound and practical recommendations
to management;
- Provide
value adding recommendations and supporting in the creation of policies
and the automation of procedures and processes to ensure an appropriate
level of internal controls, standards of efficiency and compliance are
maintained;
- Assist
the ICT Auditors in performing risk assessments and proactively
identifying risks on all new and existing ICT systems to improve internal
controls and operational effectiveness and efficiency;
- Prepare
Investments internal audit reports – presenting clear, concise and timely
internal audit working papers;
- Review
implementation of previous audit findings and ensuring deliverables are on
time and up to the expected standards;
- Contribute
to developing and maintaining productive working relationships with the
business; and
- Work
effectively as a team member: providing support, maintaining communication
and updating senior team members and management on progress.
Academic Qualifications
- Bachelor’s
degree in Finance, Accounting, Actuarial Science, Statistics, or any
business related degree with strong quantitative focus
Professional Qualifications
- Professional
certification: CPA (K) or Chartered Accountant (CFA and/or Chartered
Institute for Securities & Investment –CISI- qualifications an added
advantage)
- Broad
and deep understanding of investments
- Good
understanding of guidelines and standards as prescribed in IIA-IPPF and
other relevant investments standards
- Good
working knowledge of Computer Assisted Audit Techniques (CAATs) and data
analytics tools.
Experience
- Minimum
of six (6) years of experience in audit 4 of which must have included
audit of investments including but not limited to bonds, annuities,
stocks, pensions, unit trust funds, various bank products, treasury bills,
etc.
- Experience
in business operations an added advantage
Skills and Attributes
- Knowledge
of current technological developments/trends in area of expertise and
knowledge of software requirements for audit of systems procedures
- Ability
to work independently with minimum supervision
- Excellent
communication skills – written, oral, presentation, report writing
- Strong
decision making skills
- Critical
thinking
- Ability
to maintain highest levels of integrity and objectivity
- Confidentiality
- Willingness
to learn and continuously expand technical and business skills in all areas
- Flexibility
in mobility
How to Apply
If you have the ementioned
professional and academic qualifications and you are ready to execute the above
mandate, strictly apply through: https://cic.co.ke/career/ clearly indicating
the position being applied for. The application should reach us by close
of business on 16th December, 2022. Please
note only shortlisted candidates will be contacted. If you do not hear from us
by 15th January,
2023 consider your application unsuccessful.
N/B: This job advert is open to both internal and external
candidates.
