Internal Auditor

Internal Auditor

JOB DESCRIPTION

Internal Auditor

General Accountability

Under the guidance of the Internal Auditor Manager, the incumbent will assist in evaluating the Organization`s operating controls and policies, financial reporting mechanisms, adherence to regulatory guidelines and key business indicators. The incumbent will also assist the Bank in complying with AML/ POCA regulation and follow up with departmental heads where control weaknesses are noted to gauge progress in remediation.

Duties Include but not limited to;

• Objectively review the organization’s processes, systems, policies and procedures within established timelines.
• Assess the Bank’s Governance, Risk Management, and Control Processes and make appropriate recommendations to improve weaknesses identified.
• Determine internal audit objectives and scope for engagements.
• Develop internal audit programs for engagements.
• Assess risks (existing and emerging) at the various stages/levels in the organization and make appropriate recommendations to mitigate risks.
• Prepare written reports to communicate the audit results in established timelines.
• Maintain sufficient (factual and adequate), and convincing working papers to support audit conclusions and opinions.
• Conduct follow-ups with Management to ensure audit recommendations are executed and the tracking register updated.
• Utilize appropriate audit techniques in completing audit engagements.
• Protect against fraud and theft of the organization's assets
• Assess the organization’s compliance with relevant laws,  statutes, regulations, and policies and procedures.
• Evaluate the efficacy of the Bank’s risk management procedures that are currently in place.
• Attends training classes or seminars to stay current with matters relevant to the job function.
• Performs other tasks and duties as assigned.

Key Performance Indicators (KPIs)

• Number of assignments completed on time.
• The quality of audit reports produced (factual, clear, concise that identifies significant issues).
• The timeliness of communicating issues that may arise during an engagement and appropriate actions taken or recommended to resolve those issues.

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Qualification and Experience

• Sound knowledge of the Co-operative Society’s policies, procedures and standards specifically those relating to Audit and assurance
• Experience in conducting Audit, Accounting, Compliance or Risk Management in a financial, banking or Investment institution.
• Bachelor’s Degree or equivalent in Accounting, Finance or Business Administration
• Thorough knowledge of the Acts and Regulations governing the Society (e.g. Co-operative and Friendly Societies Act, Proceeds of Crime Act (POCA), Anti Money Laundering (AML).

Skills

• Ability to read and interpret financial reports, legal documents, laws and regulations.
  • Ability to communicate effectively, both orally and in writing.
  • Analytical skills and an ability to pay keen attention to details.
  • High level of professionalism, integrity and confidentiality.
  • Ability to evaluate, initiate and make decisions within scope of position.
  • Planning and organizing skills
  • Communication and presentation skills
  • Detailed knowledge of Co-operatives Society Policies and Procedures
  • Knowledge of Audit tools and analysis.

Reporting Relationship

Reports to directly:          The Internal Auditor Manager

Reports indirectly to:       Board of Directors,