I&M Bank Hiring Internal Audit Manager

Job Purpose:

The role holder is responsible for supporting the Head of Internal Audit in implementing the Internal Audit vision and strategy, aligned with the Bank’s strategic objectives, and helping ensure that the established financial, operational and compliance practices and related controls are designed and operating effectively.

The role holder will manage and lead on Internal Audit Engagements while ensuring that the audit deliverables are value adding and in conformance to the Standards of Professional Practice of Internal Auditing and the Code of Ethics developed by the Institute of Internal Auditors and the Bank’s Internal Audit Charter.

Key Responsibilities: 

• Adhering to the Internal Audit Charter and standards and ensure compliance with the industry’s code of ethics, in delivering high quality internal audit, that is objective, independent, demonstrates professional competence and due care.
• Adhering to the principles of independence, objectivity, professional acumen, competency, and due care in all delivery.
• Supporting the Head in managing, embedding and continuously improving the Internal Audit Methodology and Charter from time to time, training the department, and monitoring adherence to set standards.
• Ensuring adherence to International Professional Practices Framework.
• Bringing new ideas in terms of strategic direction to help develop the Internal Audit function.
• Adopting a risk-based audit approach and supporting the Head in developing, driving growth and collaboration in the team.
• Conducting Internal Audit engagements in full adherence to the Internal Audit Methodology with effective documentation and review across the audit cycle.
• Delivering highest standard quality work across all audit engagements, resolving work not performed to the standard ensuring this is addressed by self or team.
• Actively demonstrating proficiency in the IIA Standards and the Bank’s Internal Audit Methodology, driving positive change in the audit function by researching new and better audit practice and driving team ownership of methodology.
• Ensuring high quality delivery for whole team as audit lead, while remaining accountable for overall delivery against these standards.
• Pre-emptively and pro-actively driving assignments from planning, fieldwork to reporting, and quality of audit files for the risk-based work and audits assigned. Ensuring audit is wrapped up and closed out appropriately and timely.
• Reviewing the team’s delivery of business processes, documenting risk and controls, fieldwork through proper DEA assessment and OET testing, substantiating work undertaken, root cause analysis, finding documentation, reporting and SMART action plans with clear ownership and due dates.
• Effective supervisory review maintained on a continuous basis and with on-the-job training and required guidance to team members.
• Ensuring correct application of audit software and data analytics by self and the team.
• Attending all kickoff, progress and close off meetings and actively engages with the auditee, mediating where challenges arise and contributing good resolutions.
• Ensuring efficiencies in audit process. Proactively resolving bottlenecks on time and escalate as required.
• Managing team schedules for audit and other activities (timely team performance, training, admin etc.) and updating Head on progress.
• Drafting of Internal Audit reports in a clear and concise manner and present reports to business owners and ensure understanding and commitment to the reports and action plans.
• Supporting the Head in the annual risk assessment and annual planning process by providing insights and ensuring planning is done in accordance with methodology.
• Multi-tasking more than one engagement running concurrently, as well as other admin requirements effectively balancing leadership requirements, team, and customer management, while ensuring efficient use of time is achieved.
• Supporting the Head in the Quality assurance and continuous improvement, in obtaining feedback for each assignment from auditees on a timely manner, as well as helping to devise action plans for improvement.
• Managing the monthly follow up and a sound issue tracking process and avoiding any overdue through proactive approach.
• Educating the audit team to enable their understanding of strategic context, history, and regulatory/market background, as well as the auditee risks and challenges to enable a sound process understanding and risk assessment.
• Providing meaningful and effective reports to all stakeholders, free of errors and omissions.
• Preparing quarterly Audit Committee reports for audit and issue tracking, as well as any other strategic audit elements assigned, and supporting the Head: IA in presenting to the committee on these matters.
• As delegate to the Head take on a peer review or full review of Audit department’s deliverables to audit committee, from time to time.
• Attending and reporting to the Risk Management Committee and other committees as invitee where required, in support of the Head.
• Attending and reporting to project Steercos as standing invitee and provide recommendations to the projects as part of the process.
• Compiling regulatory reporting where required for the Head’s review in a timely manner.
• Providing meaningful and practical recommendations that can enhance cost efficiency and profitability of the bank.
• Continuous improvement of internal audit process to enhance efficiency hence costs related.
• Taking responsibility for the efficient use of audit resources in the risk-based units, thus ensuring no unreasonable delays on audits.

Qualifications and Experience

• Bachelor’s degree in Banking, Risk, Finance or equivalent
• Professional Qualifications e.g. ACCA, CIA, etc.
• Minimum of 10 years Banking experience and in a managerial position
• Proven expertise in Risk based auditing and Governance & Control related activities
• Familiar with Banking regulations, guidelines, and international practices like Basel, COSO Internal Controls/ Enterprise Risk Management framework, ISO 31000 among others
• Proficient in the application of International Professional Practices Framework (IPPF) including a sound understanding of the Code of Ethics, Core principles and International Standards for the Professional Practice of Internal Auditing
• Proficient in leading audit engagements and practical experience of Internal Audit Methodology application
• Technical expertise in the Bank’s core areas such as Credit, Treasury, Finance, Liquidity & Capital, Information Security, Operations, Compliance among others
• Good understanding of and experience in the combined assurance model with strong collaboration with the other lines of defense.

Key Competencies

• Strong interpersonal skills including excellent communication skills, mature decision making, collaborative approach and a trusted advisor
• Demonstrate independence and objectivity with the ability to influence senior stakeholders
• Ability to assess issues from different lenses and strike the right balance between risk and reward
• Motivated, proactive and solution driven
• Integrity and professionalism
• Strong analytical skills including use of data analytics for increased effectiveness and efficiency
• Ability to lead audit engagements from start to finish with excellent planning, organizing, leading and controlling skills
• Effective people management skills with the ability to grow and drive high performing teams
• Effective and efficient internal audit deliverables in line with audit methodology and to the highest quality standards
• Strong report writing and presentation skills.

If you believe you meet the above requirements log onto our www.imbankgroup.com/ke and click on careers and apply for the position. Your application should reach us as soon as possible but not later than 10th March 2024.

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