Summary
Date Posted: Saturday, July 01 2023, Base Salary: Not Disclosed

JOB DETAILS:
Tasks and Responsibilities
• Developing internal audit, risk and compliance strategies and manuals detailing the procedures and best practices
• Developing, implementing, and reviewing the internal audit charter
• Developing comprehensive audit programs and audit plans to cover all the activities and programs
• Test the institution’s disaster recovery and incidents management programs and advice the management on areas of improvement
• Conducting timely risk-based internal audits and advising the board of directors on all audit matters
• Assessing the reliability and integrity of financial, operating procedures and compliance with set policies
• Economic efficiency and effectiveness in utilization of the Sacco’s resources
• Providing practical solutions to improve overall efficiencies and enhance internal controls
• Monitoring the level of compliance with laws, rules, regulations, policies, processes, and procedures
• Conducting investigation on suspected internal fraud and corruption
• Proactively keeping the board of directors and management aware of emerging trends regarding internal controls, risk management, governance and internal auditing
• Preparing and presenting accurate internal audit reports to the board of directors monthly, review and follow up on agreed issues
• Liaising with external auditors when audits are undertaken
• Providing support, technical and secretarial services to the supervisory committee in the performance of its duties under these regulations and the Cooperative Societies Act 1997
• Promoting the highest standards of ethics and standards in the Sacco Society based on the principles of integrity
• Developing in collaboration with the Board, implementing, reviewing and advising on effectiveness of the risk management framework and policies
• Provide guidance on emerging operational, legal and regulatory compliance matters

Minimum Qualifications and Attributes
• A degree in finance or related field
• A Master’s degree in Commerce, Business Administration, and Finance, Accounting or any other relevant field of study will be an added advantage
• CPA – K/ACCA qualification
• Five (5) years of working experience in a finance function with a minimum 3 years of auditing experience in a senior position in a Deposit Taking Sacco
• Membership in a professional body with good standing
• CISA certification
• A firm understanding of internal auditing standards and application
• Knowledge and effective application of all relevant Sacco policies, processes, procedures and guidelines to consistently achieve required compliance standards or benchmarks
• Ability to identify solutions that effectively address business and control needs
• Interpersonal skills to effectively communicate audit results to functional heads and other stakeholders



Work Hours: 8

Experience in Months: 60

Level of Education: Bachelor Degree

Job application procedure
Use the link(s) below to apply on company website.
• Internal Auditor



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