Responsible for performing objective, independent, and reliable assessments of 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
RESPONSIBILTIES
- Audit Planning
- Audit Execution / Performance
- Audit Reporting, Monitoring & Follow-up
- Risk & Compliance
MAIN ACTIVITIES
Audit
Planning
- Plan and conduct risk based & compliance
audits in line with the work plan. Prepare 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.
- Monitor 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 / Performance
- Perform audit procedures to verify the
implementation 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.
- 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.
- 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.
Audit
Reporting, Monitoring & Follow-up
- Prepare and submit timely, quality audit
reports; engage in meetings with management and departmental heads and
advise on improvements.
- Constantly monitor if the audit recommendations
have been implemented by the management by way of tracking and follow- up
audits and report on any gaps observed.
- Develop and maintain productive client and staff
relationships.
- Assess, evaluate and advise management on how to
achieve statutory/ legal compliance;
- Conduct ad-hoc/ special investigations and
reviews as requested by management/ BARC
- Update the Internal Audit Manager on regular
basis; on execution and progress on assigned tasks and any arising
significant internal control issues
- Undertake any other tasks as assigned by
Internal Audit Manager from time to time
Risk
& Compliance
- Attend training and maintain knowledge of and
comply with all bank policies and procedures including Anti Money
Laundering/Countering Financing of Terrorism/Countering Proliferation
Financing laws, rules and regulations.
- Participate or undertake Anti Money
Laundering/Countering Financing of Terrorism/Countering Proliferation
Financing bank programs on a regular basis e.g. taking attestations,
self-assessment tests, filling in compliance questionnaires as required
- Comply and not to knowingly participate or
assist in any violation of Anti Money Laundering/Countering Financing of
Terrorism/Countering Proliferation Financing laws, rules, regulations or
internal policies, procedure and guidelines.
- Report suspected money laundering cases to their
respective heads of units or to the Money Laundering Reporting Officer as
soon as such incidents occur immediately with a clear basis of suspicion
- Avoid Misrepresentation and Malicious Reporting
– knowingly making a false, fictitious or fraudulent representation e.g.
statement, report, document.
- Avoid Tipping Off customers being investigated
so as not to knowingly prejudice an investigation by disclosing
information.
- Not provide advice or other assistance to
individuals who attempt to violate or avoid Anti Money
Laundering/Countering Financing of Terrorism/Countering Proliferation
Financing laws, rules, regulations or corporate policies.
- Respond to all AML/CFT/CPF queries when
requested by Compliance Unit to allow the bank to comply with the
requirements of The Anti-Money Laundering and Combating Financing of
Terrorism Amendment Act
- Co – operate fully with regulators and law
enforcement agents and make available required documents and information
DECISION
MAKING AUTHORITY
This
position reports to the Internal Audit Manager
Decisions
for this job are restricted audits allocated to the position as per the work
plan.
- Risk classification of an audit observation.
i.e. whether High, Medium or Low
- Determine if an audit observation has been
satisfactorily closed based on action taken, observation and management
comments
- The Internal Auditor makes recommendations to
the 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
ACADEMIC BACKGROUND
- Must have an undergraduate or graduate degree in
finance or a business management related field. An accounting/finance
degree is preferred.
WORK
EXPERIENCE
- Must have a minimum of 3 years of experience in
auditing or a minimum of 5 years operations experience in a bank
SKILLS
& COMPETENCIES
- Strong interpersonal skills
- Analytical skills
- Team player
- Report writing and general communication skills
- Ability to frequently travel for long periods
and on short notice
PROFESSIONAL
CERTIFICATION
- CPA and/or CIA and/or CISA.
How to Apply
