Manager Internal Audit & Risk at Jamii Sacco

 JOB PURPOSE

The job holder is responsible for the independent assessment of the effectiveness of the internal control systems, risk management and governance process with a view to ensure the full attainment of strategic objectives as per the existing strategic plan and to minimize risk level.

FUNCTIONS / KEY RESULTS EXPECTED

• Develop an integrated risk management and compliance framework.
• Develop annual audit plans for approval by appropriate authority and ensure that routine audits are carried out as per the audit plan.
• Develop internal control measures and organize regular reviews of the same measures.
• Provide assurance by assessing and reporting on the effectiveness of governance, in ensuring that the organization achieves the intended strategic and compliance objectives.
• Guarantees complete confidentiality of records and information obtained during audit jobs.
• Carry out audits and investigations and recommend remedial actions as per operational procedures requirements and as the need may arise.
• Develop and maintain a sound audit manual detailing audit practices, procedures and standards.
• Determine the accuracy and reliability of accounting records by analyzing systems and internal controls.
• To ascertain the completeness and effectiveness of established policies and objectives, plans and procedures of the Society.
• To review and appraise the soundness, adequacy and application of accounting, financial and other operating controls.
• To carry out planned tests to ensure protection of Society’s assets and verification of liabilities.
• To prepare timely quarterly and annual audit reports for executive management and the audit committee and ensure audit working papers are properly prepared, referenced, reviewed and documented systematically.
• To follow-up with the Management on observations/recommendations and directions issued by the Supervisory Committee and External Auditors or government agencies.
• To liaise with External Auditors and ensure that all audit matters/queries are clarified and cleared up.
• To manage the Internal Audit department budget and to ensure budget compliance and cost control.

IMPACT OF RESULTS

Efficient and effective attainment of the Society’s objectives through oversight of design and execution of functions, strategy and systems in the Society.

QUALIFICATIONS AND REQUIREMENTS

• Business-related degree
• CPA (K)/ACCA final
• A member of the ICPAK/ IIA
• Certification on CISA/ CFE /CRM will be an added advantage
• A minimum of eight (8) years’ working experience in financial management, three (3) of which must be at a Senior Officer level in audit

KEY SKILLS AND COMPETENCES

• Objective and independence
• Strategic thinker
• Team Leadership
• Planning and reporting