Roles & Responsibilities

• Leading the Sacco’s Internal Audit, Risk and Compliance functions. Performing internal audit work as a key component of corporate governance structure.
• 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 advise 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.
• Identify, assess, and monitor financial, operational, and strategic risks.
• Develop and maintain a risk management framework.
• Advise management on risk mitigation strategies.
• Monitor risk indicators and ensure timely reporting.
• Ensure SACCO operations comply with SASRA regulations, bylaws, and other statutory requirements.
• Conduct compliance audits and follow up on corrective actions.
• Keep abreast of regulatory changes and advise management accordingly.
• Train staff on compliance requirements and ethical standards.
• Provide secretariat support to the Audit and Supervisory Committees.
• Participate in strategic planning and policy formulation.
• Advise management on governance and control issues.
• Foster a culture of accountability and transparency.
• Monitor for signs of fraud or misconduct.
• Conduct investigations and recommend preventive measures.
• Implement fraud awareness and detection programs.

Minimum Qualifications

• Bachelor of Commerce Accounting or related degree with CPA (K) qualification or, CPA (K), ACCA.
• CISA (Certified Information Systems Auditor), CFE is an added advantage.
• Preferably a member in good standing with ICPAK or equivalent professional body.
• Minimum Five (5) years audit experience in a busy organization preferably in a Sacco or financial institution.
• Strong knowledge of SASRA regulations and risk management frameworks.

Key Skills and Competencies

• Computer proficiency in computer application, especially in accounting packages and systems.
• Have demonstrated merit and ability in auditing.
• Knowledge of various Sacco software systems an added advantage.
• Knowledge of Sacco, SASRA and other stakeholders’ rules and regulations.