Internal Controls & Risk Officer at CFAO Motors Kenya limited (Formerly Toyota Kenya)

Job Purpose

• Responsible for overseeing and enhancing the CFAO Mobility Kenya internal controls environment.
• Ensures financial and operational processes comply with CFAO policies, regulatory requirements, and industry standards.
• Focuses on risk management, audits, and maintaining effective internal controls to prevent fraud, errors, and inefficiencies.

Main Responsibilities of the Job

• Design, evaluate, and improve internal control systems to ensure compliance with accounting standards and operational policies.
• Identify, assess, and mitigate risks related to financial operations and business processes. Ensure internal controls effectively address risks.
• Collaborate with internal and external auditors to ensure proper auditing procedures are followed, provide documentation, and assist with audit-related activities.
• Develop and implement internal control policies, procedures, audit plans, and programs for efficient, accurate, and compliant financial reporting.
• Conduct routine internal control reviews and reporting for headquarters, branches, and dealers based on the PACI controls tool.
• Track the remediation progress of control weaknesses identified by CFAO Internal Audit, self-testing, or controls assessments using PACI.
• Prepare internal control reports for senior management, detailing audit results, control testing, and risk assessments, with recommendations for improvements.
• Train and support departments, branches, and divisions in understanding and implementing internal control policies, risk registers, and procedures.
• Monitor changes in laws, regulations, and industry trends to ensure internal controls remain current and effective.
• Work closely with finance, operational controllers, and IT teams to integrate internal controls into daily operations.
• Support the development and implementation of a compliance awareness program across the group.
• Participate in stock counts (parts, vehicles, consumables) and review reports to identify and mitigate potential risks.

Knowledge, Skills & Experience

Minimum academic and professional qualifications:

• Bachelor’s degree in Accounting, Finance, or a related field
• CISA, ACCA, or CPA certification preferred or equivalent professional qualification
• Knowledge of internal auditing practices
• Proficiency in data analytics and data-driven decision-making
• Understanding of risk management

Minimum experience:

• At least 5 years of experience in internal controls, auditing, or risk management, with supervisory responsibilities