Spire Bank Head of Internal Audit Jobs in Kenya

Spire Bank Head of Internal Audit Jobs in Kenya

Spire Bank

Job Advert:

Head of Internal Audit

Banking Sector

To provide an innovative, responsive and effective value adding Internal Audit Services to the bank by assisting the Board and the Management in evaluating and recommending improvements in the effectiveness of enterprise risk Management, internal control systems and corporate governance.

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 review the bank’s processes, operational and financial information for assurance on the effectiveness of risk management, internal controls system and governance

The Audit function will ensure that the Bank’s policies and procedures, and CBK prudential guidelines are followed by all employees

Key Measurable Goals

Timely and accurate audit reports to the Board and to Senior Management

Delivery and execution of a risk based annual audit plan

Timely monitoring and advice on status of control issues

Liaison with external assurance providers & regulators (CBK) and other stakeholders on matters relating internal controls and audit.

Productivity and efficiency of internal audit resources and process.

Adherence to internal controls across the organization.

Key Responsibilities

Ensuring performance of quality audits and production of quality internal audit reports with practical and agreeable corrective actions and submit the reports to all members of the Audit Committee, Managing Director and members of the Executive team

Follow up and escalate on all audit findings implementation for escalation as per the banks escalation matrix

Carry out analytical reviews of the root-cause of the common/ recurrent audit findings and disseminate alerts and solution recommendation;

Producing the agendas for the Board Audit Committee and managing the entire process ensuring that quality Board papers are submitted to the members and quality minutes are produced and circulated to action persons

Investigation of all attempted frauds and conduct forensic reviews as requested by management

Coordinating the Central Bank of Kenya annual inspection of the Bank and ensuring both the inspection reports and the external auditor’s management letters are converted to corrective action plans and that the Audit

Committee

is regularly updated with the status of implementation of the corrective measures by the line managers.
Manage the budget for the department

To perform any other duty as assigned in line with the organization goals and objective

Recommends changes in policies and/or procedures to increase efficiency of operations and improve safeguards over the Bank’s assets

Tracking and Monitoring audit issues raised through Internal Audit Assignments, External Auditors Management Letter, Central Bank of

Kenya inspection, Group Internal Audit assignments and any other assurance provider.

Prepare Annual, Quarterly and Adhoc reports to Senior Management and Board Audit Committee keeping them informed on emerging audit issues, performance and independence on Internal audit function and overall effectiveness of governance, risk & control frameworks.

Any other duty that may be assigned by the Board Audit Committee which is in-line with the Internal Audit Charter.

Qualifications

Bachelor degree in business or Finance
Master’s degree in Finance or management is an added advantage.

CPA (K)/ACCA qualification. CISA, CIA
5 years’ experience in a senior management audit position in a financial Institution.

Thorough knowledge of financial services

Thorough knowledge and of regulatory requirements

Advanced computer skills-Ms Office, excel
Accounting principles and procedures including International Accounting standards and ICPAK guidelines

Advanced communication skills

Investigation and probing skills

Knowledge of relevant laws including the Companies Act

Broad knowledge of industry and operations

How to Apply

If you are up to the challenge & fit the required profile, please apply highlighting your qualification, experience and career aspirations match the requirement for this position.

Application should be sent latest 25th September 2018 clearly indicating the position you are applying for on the Subject to: recruitment@spirebank.co.ke

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