Internal Audit Manager at Kenya Investment Authority (Keninvest)

Job Scale 9

Reports to: Board of Directors functionally and to Managing Director administratively.

Division / Section / Unit: Internal Audit

Responsible for:

• Internal Audit Officer
• Temporal Staff
• Interns

Location: Head Office Nairobi

To develop and ensure that internal control systems are working effectively and are adhered to.

Roles and Responsibilities

• Provide secretarial services to the Board Audit and Risk Committee;
• Provide independent and objective assurance and consulting activity of KenInvest’s operations to the Audit & Risk Committee and the MD on the overall adequacy and effectiveness of KENINVEST’s arrangements for governance and internal controls and their impact on the operations of the organization;
• Provide effective leadership to the audit teams in reviewing the operations and controls of the Board;
• Interpret prevailing policies for sound auditing principles and control;
• Contribute as appropriate to the performance of other functions and to the overall achievement of the Board’s strategic objective;
• Report to the Audit Committee quarterly on the implementation of the annual audit plan;
• Prepare board papers for Board Audit & Risk committee meetings;
• Participate in the development and review of the Institution’s strategic plan;
• Spearhead risk assessment of the department;
• Develop implement and continuously review the KenInvest’s Internal Audit framework and policy and operating procedures;
• Assess the relevance, reliability, integrity, timeliness and adequacy of programmes and financial information;
• Establish, implement and monitor risk based internal audit mechanisms;
• Ensures independent appraisals of KenInvest activities, functions and operations to ensure internal control frameworks are in place and operating efficiently.
• Lead and carry out special investigations, unplanned internal audit works and systems audits;
• Ascertain the extent of compliance with board and government established procedures;
• Prepare and submit audit reports including audit recommendations to the management and to the Full Board through the Board Audit Committee;
• Carry out follow up audits to ensure implementation of external and internal audit recommendations by the management;
• Co-ordinate the review of the implementation of the risk management framework in order to ensure that risk management is effectively encompassed in all Board’s processes;
• Perform value for money audits to determine value of completed and ongoing projects and to examine whether KenInvest has attained economy, efficiency and effectiveness in the management of allocated funds;
• Develop work plans and budgets for the Department and oversee the execution of the approved departmental work plans and budgets; and
• Perform any duty as may be assigned from time to time.

Education and Qualifications:

• A minimum of a Master’s Degree from an accredited University with an emphasis in Commerce, Accounting, Economics, Management or Business Administration or in a related field.
• CPA (K), ACCA.
• Member of a relevant Professional Body
• Meet the requirements of Chapter 6 of the Constitution
• Management Course not lasting less than 4 weeks Skills and experience:
• At least eight (8) years’ work experience with at least three (3) years in auditing and accounting in a senior position in the public
• sector or reputable private sector institution;
• Knowledge of local and international investment matters;
• Knowledge of Government and Donor financial and Procurement regulations and procedures;
• Demonstrate results in work performance;
• Knowledge of International Accounting and Audit Standards;
• Good interpersonal and communication skills;
• Good analytical skills;
• Computer literacy; and
• Team player.

Key Performance Indicators

• Enhanced service delivery;
• Reduction of audit queries;
• Timely and regular minutes and papers for the Board Audit & Governance Committee;
• Satisfaction of the Board Committee.