Internal Auditor at Commercial International Bank (CIB) Kenya

Job Purpose Statement

• To provide an innovative, responsive, and effective value adding Internal Audit Services to the bank by undertaking the evaluation of the effectiveness of enterprise risk Management, internal control systems and corporate governance.
• Contribute to the formulation, design and revis ion of the Bank’s Audit strategy; plan, organize, direct, coordinate and control activities in line with the approved internal audit plan.

Key Responsibilities
Financial

• Investigation of all attempted frauds and conduct forensic reviews as requested by the HOD .
• Conduct follow -up reviews of financial, operational, or regulatory compliance deficiencies noted during audits.
• Conduct investigations of irregularities discovered by or brought to the auditor’s attention.

Customer

• To ensure objective and professional evaluation of the Bank’s operations, compliance with CBK requirements and guidelines and assist the management in accomplishing their objectives.
• Perform quality audits and produce quality internal audit reports with practical and agreeable corrective actions and submit the reports to the Head of Audit.
• Follow up and escalate on all audit findings implementation as per the bank’s escalation matrix.

Internal Business Process

• Evaluate and analyze the effectiveness of complex procedures and internal controls within the assigned area, using appropriate audit skills, techniques, and judgment.
• To review the bank’s processes, operational and financial information for assurance on the effectiveness of risk management, internal controls system and governance.
• Recommend changes in policies and/or procedures to increase the efficiency of operations and improve safeguards over the Bank’s assets.
• Review bank practices and records for compliance with established internal policies and procedures including best practices.

Functional Responsibilities

• Tracking and Monitoring audit issues raised through Internal Audit Assignments,
• Develop a high level of analytical skills and evaluate the effectiveness of procedures, segregation of duties, and internal controls within a corporate area or bank -wide projects.
• To ensure objective and professional evaluation of the Bank’s operations, compliance with CBK requirements and guidelines, and assist the management in accomplishing their objectives.
• To perform any other duty as assigned in line with the organization's goals and objectives.

Job Specification
Academic

• Minimum of a bachelor’s degree in accounting , Banking & Finance or related discipline an MBA, MSC or its equivalent will be an added advantage)

Professional Qualifications & Experience

• Professional qualifications e.g. CPA, ACCA, CIFA & CIMA
• Proficiency in Microsoft Office Suite and other Audit tools

Desired Work Experience

• At least 5 years’ experience in Audit in a banking/related environment.
• Outstanding performance of duties and exceeding expectations in positions that require strong analytical, problem -solving, decision -making, team building, and leadership skills.
• Thorough knowledge of bank policies, procedures ,and practices in the areas assigned; with sufficient knowledge of laws and regulations governing banks.
• Ability to identify, analyze,and solve complex issues quickly with logic and reasoning.
• Ability to work with little or no supervision on audit assignments, determining when to act independently and when to refer situations to superiors.
• Ability to work with and relate to superiors, subordinates & associates in a professional manner and to motivate and lead associates to willingly achieve desired results. This would include training other audit team members. Ability to effectively communicate complex issues to bank management, both orally and in writing, in an accurate well -organized, logical manner to effect action.
• Ability to travel as needed in line with the audit plan.