Job Purpose Statement

The purpose of this role is to provide assurance on the Bank’s Credit and Legal processes by carrying out audits in line with the approved audit plan.

Activities involve analysing risks, recommending process and control improvements, and providing reports summarising audit activity to relevant stakeholders to ensure appropriate controls are in place to maximize earnings and returns on Bank assets within acceptable levels of risk.

Key Accountabilities (Duties and Responsibilities)

Audit Planning

• In conjunction with the Head of Internal Audit, develop and implement audit plans to ensure all Credit and Legal risks are fully addressed and periodic audits are completed within the agreed schedule as set out in the annual audit plan.
• Assess and advice on the internal control systems in all Credit and Legal areas of the Bank including review of the suitability and reliability of management information systems.
• Oversee and provide quality control of Credit and Legal internal audits and ensure goals are met and professional standards maintained.
• Coordinate Credit and Legal related activities together with other assurance providers including risk assessment and audit findings tracking and provide input to the management committee.

Audit Management and Execution

• Develop audit tests and evaluation programs, execute the audit assignments ensuring quality are maintained, and report on the audit results under the direction of the Head of Audit.
• Lead audits of specific target areas identified from the overall risk assessment in consultation with the Head of Audit to ensure quality audit approach, achievement of audit objectives and completion within agreed schedule.
• Guide/undertake consulting activities, as may be requested, in accordance with professional standards and provide sound advice on policies, procedures, risks and controls.
• Provide advice and effective challenge to internal stakeholders regarding the implications on the Credit and Legal control environment on business strategy and operating environment.
• Undertake to assist in investigation of cases of internal and external fraud, as requested.

Internal Business Processes

• Strong collaboration with other lines of defence to provide integrated assurance.
• Review procedures, processes and records to ensure they are in line with the Bank’s strategic objectives and appraise policies and plans of activities, departments and functions under review.
• Manage and align assignment resources, efforts and goals; identify and remove barriers in order to achieve optimal results.
• Oversight over audit assignments and plans, schedule and review of work-papers.
• Liaise with external auditors and other regulatory monitoring agencies and implement recommendations to improve controls, promote growth and ensure compliance with the law, financial legislation and regulatory framework.

Learning and Growth

• Quality of leadership experienced throughout the Credit and Legal audit unit and how effectively that translates into a conducive work environment and employee satisfaction and retention.
• Adequacy of personal and staff competence development to effectively carry out the department’s responsibilities.
• Review regularly performance of staff against agreed objectives.
• Provide ongoing coaching and feedback to direct reports.
• Identify development and training needs and develop plans to satisfy areas identified.

Job Specifications

Academic:

• A University graduate
• Master’s degree will be an added advantage

Professional:

• CPA (K)/ ACCA qualifications
• CIA qualification an added advantage

Desired work experience:

• 6 years’ experience of auditing or enterprise risk management in an external audit/ Banking environment.
• Good working knowledge of the TeamMate audit software and ACL Data Analytics.