Job Summary:
The Internal Audit Manager will be responsible for developing and executing the SACCO’s internal audit function, ensuring compliance with regulatory requirements, identifying risks, and recommending improvements to enhance internal controls.
Overall Objective: To ensure the SACCO’s operations, financial practices, and risk management frameworks comply with best practices, policies, and regulations.
Reporting Line: Reports to the Chief Executive Officer
Key Responsibilities:
• Develop and implement a risk-based internal audit plan. • Assess the adequacy and effectiveness of internal controls, policies, and procedures. • Conduct audits of financial statements, operational processes, and compliance with regulatory requirements. • Ensure adherence to SACCO policies, industry regulations, and governance frameworks. • Prepare audit reports with findings and recommendations for management and the Board Audit Committee. • Oversee investigations of fraud, financial misconduct, or any irregularities. • Facilitate external audits and regulatory inspections by providing necessary documentation and information. • Advise management on best practices for risk management and internal control improvements. • Train and sensitize staff on compliance, risk management, and internal controls.
Key Competencies:
• Strong analytical and problem-solving skills. • Excellent attention to detail and ability to identify risks. • Strong report-writing and presentation skills. Job Requirements: • Bachelor’s degree in Finance, Accounting, Auditing, or a related field. • Certified Public Accountant (CPA-K) or Certified Internal Auditor (CIA) qualification. • Minimum of 7 years of experience in audit, with at least 3 years in a managerial role within a financial institution.
How to Apply
Interested candidates are invited to submit their applications via the form below. Please include a detailed CV. All applications should be received by 28th Feb 2025.