Internal Audit & Risk Manager
Job Reference No. IARM/KS/09/2023
Position Summary
You will be responsible
for conducting independent, impartial, and objective internal audit exercise
and liaise with External Auditors during Interim and Final Audits, analyze
business policies, processes, procedures, and ensure compliance.
Main
Responsibilities
- Analyze and verify financial statements of the SACCO are
prepared in accordance with IFRS, IAS and the SACCO Societies Act to meet
the disclosure requirements in accordancewith prevailing rules and
regulations.
- Audit to determine sufficiency of documentation of the credit
processes to advise if the necessary steps are followed.
- Review existence of fixed assets of the SACCO, audit to
confirm they have been safeguarded, in proper physical condition, and they
are correctly valued.
- Analyze investments made by the SACCO to ensure that the
investment policy has been adhered to, SACCO investments are safe, don’t
exceed such a proportion of the prudentialstandards that have been set and
are made for the good of the SACCO.
- Audit all operations of the SACCO, review controls, evaluate
their adequacy and functionality.
- Review the economic efficiency and effectiveness in the
utilization of the SACCO resources so that its objectives are achieved.
- Develop annual audit plans for approval by appropriate
authority and ensure that routine audits are carried out as per agreed
plan.
- Provide appropriate risk assessments, profile, make
appropriate recommendations and update and maintain the SACCO risk
register.
- Conduct discussions with Line Managers on commencement and
completion of all audits.
- Monitor compliance with policies, plans, procedures,
statutory requirements, and regulations.
- Liaise with external Auditors to foster co-operation, reduce
duplication of effort, and ensure appropriate sharing of information.
- Analyze the SACCO accounting system and ensure one official
cannot originate and complete a transaction, monitor, and implement
well-defined segregation of duties.
- Analyze and review implementation of business policies,
processes, procedures and ensure compliance.
- Assist the BOARD with governance of the SACCO by advising on
the direction in various issues.
- Develop, implement, and maintain sound audit manual detailing
audit practices, procedures, and standards.
- Review automated audit work papers prepared by the audit
staff to ensure sound audit theory and compliance with the department’s
methodology.
- Prepare management reports as required.
- Participate in the preparation and implementation of the
Strategic Plan.
- Assist in coordinating the activities of Audit and Risk and
Management Committee in consultation with the office of the Chief
Executive Officer.
- Perform any other responsibility assigned.
Qualifications &
Experience
- Bachelor’s degree in finance or accounting.
- Master’s degree and Diploma in cooperative management and
CISA is an added advantage.
- Professional accounting qualification CPA K / ACCA / ACA /
CFA.
- Member of ICPAK or relevant professional body.
- Minimum eight (8) years’ relevant experience.
- Computer literacy.
- Experience in Sacco operations.
Personal Attributes
- Sound leadership skills
- Attentive to details.
- Good communication and interpersonal skills
- Systems audit experience
- Works Independently with minimum supervision.
- Analytical and result oriented.
- A person of integrity
- Good problem-solving skills.
Key Relationships:
- Direct Reports to this Role:
- Internal Audit Officer
Internal Contacts:
- All department
External Contacts:
- Government Regulators
External Auditors
- Vendors
- Members
Type of engagement
- 3 years contract, renewable
How To Apply
