Job Description
An exciting opportunity for an INTERNAL AUDIT MANAGER has arisen within our Internal Audit Department. The incumbent is expected to manage the Microbank’s internal audit function, including developing and implementing internal audit policies and procedures, and verifies adequacy and implementation of internal controls and provides recommendations for improvement through audit reports.
Duties and Responsibilities
1.1 Develops the Internal Audit Policies
• Develops and reviews Internal Audit Charter annually and gets it approved by the Board Audit Committee
• Develops and reviews the Internal Audit Policy and Procedure Manual annually and gets it approved by the Board Audit Committee
1.2 Develops a Risk-based Annual Internal Audit Plan
• Conducts an institutional risk assessment through reviewing risk matrix reports, prior audit reports and departments policies and
procedures
• Develops a Risk-based Internal Audit Plan and submits to the Board Audit Committee for approval
1.3 Directs Performance of operational, ICT, compliance and financial audits as per the approved annual audit plan
• Reviews policies and procedures and carries out audit risk assessment prior to audit planning
• Conducts audit entrance meetings with auditees to discuss audit plans
• Assists Internal Auditors with development and reviewing of audit plans and audit work programs
• Communicates with auditees during the audit process the required audit documents
• Supervises audits conducted by Internal Auditors by reviewing their audit work papers and audit evidence
• Reviews draft audit reports prepared by Internal Auditors and shares with auditees for their comments
• Conducts audit exit meetings with auditees to discuss the audit findings and auditors’ recommendations as well as agreed action plans
• Consolidates the final audit reports and circulates to Senior Management
• Meets with Senior Management to discuss audit findings on concluded audits
• Circulates final audit reports to the Board Audit Committee and the Reserve Bank of Zimbabwe
• Presents to the Board Audit Committee quarterly on the audit findings
1.4 Direct Performance of fraud audits
• Supervises conduction of fraud audits on identified frauds and reviews audit reports on the findings and circulate to Management where
required
1.5 Reviews new products and processes prior to launching
• Directs performance of reviews of new products and processes and verification of adequacy of internal controls
• Provides a report to Management on the audit findings and recommendations on improvement of controls and sign off to launch products
1.6 Risk Management
• Reviews implementation of internal controls and provides progress reports to Senior Management on a weekly basis
• Ensures ad hoc cash spot checks, fixed assets reviews, stationery inventory counts, and KYC documents verification are done periodically
and circulates reports on the audit findings to Management
1.7 Budgeting and Procurement Planning
• Conducts departmental budgeting and procurement planning annually and shares with Finance Management for incorporation in the
Microbank’s annual budgets
• Monitors implementation of the budget and procurement plan to ensure performance within targets
1.8 Human Resources Management
• Develops annual performance targets for direct reports and ensure performance contracts are signed by staff at the beginning of the year
• Performs quarterly performance reviews for direct reports and submits to HR
Qualifications and Experience
• Bachelor’s degree in accounting, Finance or Auditing (required)
• Professional Qualification in Accounting and Auditing ie CIA /CISA
• At least 5 years of relevant experience in auditing, 3 years of which must have been at management level.
Experience of auditing the financial services an added advantage
How to Apply
All applications addressed to hr@empowerbank.co.zw must be recieved no later than 10th July 2025 clearly stating the position being applied for under the subject matter.
CERTIFIED copies of professional and academic qualifications must accompany the applications
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