Internal Auditor

Reports to CHAIRMAN, AUDIT, RISK & COMPLIANCE BOARD COMMITTEE AND ADMINISTRATIVELY TO THE CEO
Location NAIROBI

Overall responsibility

HR Powerhouse Ltd. is recruiting on behalf of a reputable bank seeking to engage an in-house Internal Auditor. The primary responsibility of the Internal Auditor is to ensure effective financial, operational, and information system controls, robust risk management processes, and adherence to good corporate governance practices. The Internal Auditor will implement measures and controls in compliance with company policies, the Microfinance Act, CBK guidelines, and other relevant regulations governing financial institutions.

Core Performance Areas/Indicators

• Overseeing the internal audit department, managing staff, and coordinating with other managers and the Board.
• Developing the annual work plan in consultation with management and the Board, ensuring execution, and reporting findings and recommendations.
• Reviewing and tracking audit recommendations from both internal and external audits.
• Managing the department’s financial budgets, including forecasting, preparing annual budgets, and scheduling expenditures.
• Ensuring information system security through IT audits, implementing necessary IT security policies, standards, procedures, and guidelines, and conducting information system security awareness training.
• Liaising with external parties such as external auditors, fraud investigators, and regulatory compliance officers.
• Conducting ad-hoc/special investigations and reviews as requested by management or the Board of Directors.
• Coordinating with external auditors and the Head of Finance for interim and year-end financial audits to ensure timely publication of audited accounts in compliance with regulatory requirements.
• Performing additional duties as assigned, in line with the internal audit charter.

Requirements

• Bachelor’s degree in Commerce (Accounting option), Finance, Business Administration, Economics, or a related field from a recognized university.
• Fully Certified Public Accountant – CPA (K).
• Member of the Institute of Certified Public Accountants – ICPAK.
• Additional qualifications are an advantage:
• CISA Qualification
• Certification in Internal Audit Standards (IAS)
• Certification in International Standards on Auditing (ISAs)
• International Standards of Quality Control (ISQC)
• In-depth knowledge of IFRS requirements.
• Minimum of two years as an internal audit officer at a commercial or microfinance bank, either as an employee or through a reputable audit firm.
• Experience as a risk & compliance officer at a commercial or microfinance bank.
• Thorough knowledge of financial sector regulations, the Microfinance Act, and various industry policies and regulatory requirements.
• Excellent report writing, oral communication, logical, and analytical skills.
• Proficiency in computer-assisted audit techniques and data analytics.
• Comprehensive knowledge of acts and laws related to cybercrime.
• Thorough understanding of the Microfinance Act and related regulations.