Manager- Audit & Controls

Manager – Internal Audit & Controls

Location: Nairobi, Kenya

Reports to: Group Head of Internal Audit & Controls

Role Overview

Primary Objective: The incumbent will assist the Group Head of Internal Audit & Controls in the development and execution of the annual audit plan, strategy, budget, staff training requirements, and innovation initiatives to improve the Bank’s and department’s processes.

Core Mandate: The Manager – Internal Audit & Controls is required to spearhead execution of information systems, operations, and financial audits – both technical and end-user – across the ABC Bank Group. He/She is also required to undertake special investigations, provide advice to the business on a broad range of issues as needed, and support business growth and process improvements while working closely with other departments and in line with Internal Audit Methodology, processes, procedures, and time frames.

Key Responsibilities

• Methodology & Charter: Support the Group Head of Audit & Controls in managing, embedding, and continuously improving the Internal Audit Methodology and Charter in conformity to audit standards. Contribute to the development and enhancement of the Internal Audit function, including refining methodology, updating the charter, policies, and procedures.
• Audit Planning: Lead annual risk assessments and develop comprehensive audit plans. Implement risk-based audit planning and assist the Group Head in evaluating the effectiveness of the audit plan throughout the year.
• Controls & Risk Management: Oversee special engagements and monitor the effectiveness of risk management controls to ensure they meet the Bank’s objectives. Oversee the review of the Risk Control Matrix and audit ratings.
• Team Leadership & Quality Assurance: Provide technical and management guidance to team leaders and auditors through regular internal training sessions, ensuring they are equipped with the necessary skills and knowledge. Supervise and review the audit team’s work to guarantee quality, adherence to audit standards, and compliance with timelines and methodologies. Conduct peer reviews of working papers, lead documents, and draft reports.
• Investigations: Lead investigations into allegations of fraud, misconduct, or unethical behaviour. Gather evidence, conduct interviews, and collaborate with relevant stakeholders to resolve issues effectively.
• Follow-up & Tracking: Manage follow-up audits by tracking the implementation of agreed actions and verifying their completion before closing audit findings. Maintain continuous communication with business units to address any emerging risks.
• Ad-hoc Duties: Execute additional internal audit duties as assigned by the Group Head of Audit & Controls, adapting to the evolving needs of the department.

Qualifications

• University Degree in Business, Accounting, Finance, IT, or Banking.
• MBA is an added advantage.
• CPA (K) or ACCA finalist.
• CISA and/or CIA are an added advantage.
• At least 7 years of audit experience; preferably 2 years of which are in a banking environment.
• Banking or financial services experience providing a broad-based understanding of various business units would be an advantage.

Key Skills & Competencies

• Stakeholder management
• Leadership
• Audit methodologies
• Data analytics skills
• Technical proficiency
• IT systems audit exposure

Operational Requirements & Professional Ethics

• The job requires full understanding of all the bank products, policies, and procedures.
• The jobholder must ensure that policies and procedures in place are being adhered to.
• Certain issues require consultation with management and other bank officials to agree on the most appropriate internal controls.
• Reports produced must be concise, capable of being understood, and at the same time elicit action from management.
• The auditor is required to perform duties with utmost independence and objectivity while adhering to the professional code of ethics stipulated by ICPAK and IIA.
• Compliance with all bank policies and procedures is mandatory.