Job Title: Sacco Internal Auditor
Hiring Organization: Cooperative Bank
Location – Locality: Nairobi
Location – Region: Kenya
Industry: Banking
Job Type: Full Time
Salary: KES
Date Posted: 06/05/2024
Internal Auditor
(REF: IA/06/24)
Overall
responsibility:
To
provide independent appraisal of all the SACCO activities by providing
assurance, insight and objectivity into the Society operations.
To examine and evaluate risk management framework, controls, and governance
processes, to ensure they are adequate and functional.
Proactively advising and recommending improvements on internal controls and
risk management systems.
Main Duties and Responsibilities
Develop
the SACCO’s overall audit strategy, policies, procedures and programs to
minimize current and future exposure to financial, operational or other
business risks.
Plan and
monitor auditing of all functions to ensure compliance with the SACCO‘s
policies, procedures and statutory requirements.
Participate
in the development and implementation of the Strategic plan.
Maintain
an audit risk profile for the SACCO and propose an annual programme of audit
activities in conjunction with the relevant departmental heads.
Undertake
specific independent audit assurance e.g. post implementation reviews and major
proposals. And any special investigations assigned by the CEO and/ or SACCO
Board.
Ensure
that all instances of significant risk or lack of controls are properly
identified, all findings are factual, risk focused, and the agreed actions are
clear/understandable and practical.
Make
recommendations and contribute to the development of solutions to improve the
internal control and operational environment based on the audit findings.
Ensure
audit clients provide action plans to address the control weakness for each
issue raised in the audit report with timelines for implementation and clear
ownership of action.
Update
the monthly report with the progress on implementation of high-risk audit
actions and follow up with the audit client to drive quick resolution of the
high-risk control weaknesses.
Prepare
report for management reporting on the progress of audit activity and tracking
of action plans from audit clients.
Quarterly
audit reports to Management (thru’ the CEO) and to Risk and Audit Committee.
Assist
the board with governance of the Sacco by advising on the direction in various
issues.
Ensure
that the internal audit activity maintains its independence and objectivity.
Liaison
with Supervisory committee and external auditors.
Knowledge:
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 (5) years’ relevant experience.
Computer
literacy.
Experience
in Sacco, bank and microfinance operations.
Personal
Attributes required for this role:
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.
