Internal Auditor
Full time @Co-operative Bank of Kenya posted 1 week ago in Information Technology Shortlist Email JobJob Detail
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Experience 5 Years
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Industry Finance
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Qualifications Degree Bachelor
Job Description
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 advantages.
- Preferably a member in good standing with ICPAK or an equivalent professional body.
- Minimum Five (5) years of 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 applications, 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.
