Manager, Internal Audit at Human Asset Consultants

Reporting functionally to the Board of Trustees and administratively to the CEO, the successful candidate for this position will lead the conduct of independent appraisal of the effectiveness and improvement of policies, procedures and standards of management of financial and physical resources of the Organization, lead risk assurance and carry out value-for-money audits.

Managerial Responsibilities

1. Provide strategic direction in the Internal Audit and Risk Assurance function of the Organization.
2. Develop systems for the evaluation of financial, information systems and operational procedures to assure adequate internal controls are present.
3. Develop, document, implement, test and maintain a comprehensive internal audit plan to assure compliance with applicable laws, regulations, and the Organization’s policies and procedures.
4. Develop and document systems for reviewing and monitoring the Organization’s risk management system and make appropriate recommendations for improvements based on industry best practices.
5. Ensure sound practices in internal audit/risk management that conform to international best practice, International Professional Practices Framework (IPPF), International Financial Reporting Standards (IFRS), International Audit Standards (IAS) and the Retirement Benefits Authority (RBA) Act 2007.
6. Ensure a competent and motivated internal audit team through quality hiring, training and evaluating of staff; and taking corrective actions to address performance gaps.
7. Provide sound leadership and supervision to the staff in the department.
8. Prepare comprehensive annual budgets for approval by the Chief Executive Officer.
9. Ensure compliance with approved budgets including prudent and timely spending.
10. Ensure timely reporting of the department’s performance.
11. Ensure sound systems, policies and procedures for effective functioning of the department are in place.

Core Responsibilities

1. Develop the Organization’s Internal Audit Charter and review it regularly.
2. Regularly perform risk exposure assessments.
3. Act as Secretary to the Audit, Risk and Governance Committee of the Board.
4. Act as a link between the external auditors and the internal audit function and the Organization as a whole.
5. Act as ISO Lead Auditor for the Organization.
6. Prepare annual audit schedules and programs.
7. Determine that all operations carried out at the Organization are in conformity with existing laws and regulations, and internal policies and procedures are consistent with both institutional objectives and good business practices.
8. Lead in conducting risk based audits and prepare appropriate recommendations on minimization of risks to safeguard the Organization’s assets.
9. Lead in conducting systems audits of all departments and appraise the application and adequacy of accounting, financial, procurement, IT and other controls.
10. Review the credibility and integrity of financial statements by ensuring that they have been prepared in accordance with the IFRS, IAS and the RBA Act 2007 and Regulations.
11. Ensure that fixed assets of the Organization have been safeguarded, their physical condition is proper, they exist and they are correctly valued.
12. Analyze the investments made by the Organization to ensure that the investment policy is adhered to, the investments are safe, do not exceed the thresholds that have been set by RBA and such investments have been made for the good of the Organization.
13. Ensure that the information contained in the financial statements is complete and reliable for effective decision making.
14. Review the economical efficiency and effectiveness in the utilization of the Organization resources in order to achieve its objectives.
15. Review the adequacy, design and effectiveness of the Internal Control Systems to monitor the quality of such controls, detect any weakness and provide recommendation for improvement through analysis of the accounting system to ensure that security levels are well guarded.
16. Identify and qualify key business risks estimating the probability of occurrences and their impact on the Organization and make appropriate recommendations.
17. Follow up on recommendations given by external audit team and other regulatory bodies.
18. Oversee the preparation of audit reports with relevant recommendations.
19. Continuous professional development to keep up with current industry trends.
20. Any other duties as may be prescribed from time to time.

Qualifications & Experience

1. Bachelor’s  Degree    in Social Sciences
2. Full professional qualification in CPA/ACCA/CIA
3. Member of CIA
4. At least 6 years working experience, 2 of which should be in a managerial position

Essential Competencies

1. Proficiency in ICT with strong MS office and internet ability
2. Excellent planning and organizational skills
3. Strong analytical skills
4. Excellent communication skills
5. Strong leadership skills
6. Good interpersonal relations skills

Essential Personal Attributes

1. Team player
2. High levels of integrity and confidentiality
3. Strategic insight
4. Attention to detail
5. Ability to work independently