Internal Audit Risk and Compliance Manager

KEY RESPONSIBILITIES

  Strategic Planning

• Champion the review of the strategic plan.

Managing Audit Assignments

• Prepare a risk-based annual audit plan for the Sacco.
• Execute the audit assignments planned for in the annual plan based on the adopted methodology and report to Management and the Supervisory/Audit Committees.
• Perform consulting engagements requested by management to ensure improved risk management and improve the organization's operations without compromising the objectivity of Internal Audit.
• Track and monitor for closure all audit recommendations to ensure identified control gaps are promptly addressed.
• Review implemented management actions for relevance, efficiency and effectiveness in addressing the identified control gaps and raise to management any emerging risks for timely resolution.
• Periodically report to management on the progress of closure of audit recommendations and any emerging risks from implementation of the agreed actions.

Enterprise Risk Management

• Conduct annual risk assessment of all the Sacco's operations.
• Maintain an updated operational risk register for the Sacco.
• Perform risk assessments for all new products of the Sacco and ensure critical risks are closed before launch.
• Champion risk awareness and integration of risk considerations in all the Sacco's initiatives and process designs.

Policies and Compliance

• Review all the Sacco's policies and procedures to determine consistency, adequacy of purpose and compliance with the statutory regulations.
• Audit and report on compliance with the relevant regulatory framework, including tax and SASRA requirements.
• Monitor, evaluate and report on implementation of regulatory compliance programs.
• Ensure compliance with statutory deductions and remittances within the stipulated timelines.

Statutory Audits

• Liaise with external auditors to ensure timely and effective statutory audits.
• Monitor, evaluate and report on implementation of statutory management letter recommendations.

Capacity Building

• Ensure internal audit is properly understood and supported by staff and the Board.
• Communicate the internal audit activity's plans and resource requirements to the Sacco Management for review and approval.

Corporate Governance

• Promote the Sacco's corporate governance to facilitate effective and prudent management that can deliver the long-term success of the company.

 Stakeholder Engagement

• Ensure efficient flow of information to and from members and other stakeholders as and when required.
• Ensure member and stakeholder queries relating to audit, risk and compliance matters are directed to the relevant officers and that feedback is promptly given.
• Uphold the Sacco's reputation in all engagements with members and stakeholders.
• Promote an environment founded on Qona Sacco values of customer focus, integrity, reliability and innovation.
• Act as an advocate for Qona Sacco in all dealings with members, staff and the public, maintaining professional standards of presentation and conduct.

Requirements

• Advanced knowledge in Microsoft Office packages (MS Word, Excel, etc.) and good knowledge of core banking systems
• Interpersonal/formal communication (oral and written) skills.
• Leadership and managerial skills.
• Planning and organizing skills / quality orientation.
• Relationship building skills.
• Ability to work under minimum supervision.
• Ability to review data, identify and adjust discrepancies.
• Ability to handle a large volume of work, possibly under time constraints.
• Good knowledge of administrative rules and regulations.
• Ability to organize and complete multiple tasks by establishing priorities.

QUALIFICATIONS AND EXPERIENCE

•  Bachelor's degree in accounting or finance; an MBA is an added advantage.
•  ICPAK membership and CISA/CIA certification.
• A minimum of eight (8) years' working experience, five (5) of which must be in a similar position, preferably within the cooperative movement.
• Must have financial services background.
• NO SACCO candidates
• Investment banks and commercial banks candidates are ONLY eligible to apply