Position: Senior Internal Auditor

Directorate: Internal Audit

Department: Internal Audit

Grade: UDC 4

Reports to: Manager Internal Audit

Supervisees: Internal Auditor

MAIN PURPOSE OF THE JOB

To provide expert advice and analysis to enhance internal controls, risk management, and compliance processes across the organisation.

DUTIES AND RESPONSIBILITIES

1. Annual Audit Planning

• Review the strategic plan to align audit activities with organisational goals.
• Consult key stakeholders to gather input and identify critical areas for review and review relevant documents to understand the context and scope of the audits.
• Conduct risk assessments to identify and prioritise areas for audit focus and revise the audit universe to ensure it reflects current organisational priorities and risks.
• Develop and finalise the annual audit plan and budget ensuring it is aligned with the audit strategy and resource requirements.

2. Development and Implementation of Audit Strategy

• Review the International Professional Practices Framework (IPPF) to ensure compliance with standards.
• Design audit procedures tailored to each engagement's objectives and risks and define critical success factors for successful audit execution.
• Plan and conduct audit engagements according to the established audit plan.
• Prepare detailed audit reports that document findings, recommendations, and management responses.
• Communicate the results of the audit exercise effectively to stakeholders and management.

3. Assessing the Adequacy of Controls

• Identify and assess risks associated with key processes and controls.
• Review the design of controls to ensure they are adequate for mitigating identified risks.
• Verify the implementation of controls and their effectiveness in practice.
• Monitor controls to ensure ongoing effectiveness and identify areas for improvement.

4. Advisory Activities

• Provide consulting services to management on risk management, control processes, and governance.
• Offer recommendations to enhance organisational processes and internal controls.
• Participate in special projects as requested, providing internal audit expertise and support.

5. Leadership and People Management

• Supervise subordinates by setting clear goals, providing mentorship and promoting continuous improvement through regular feedback, performance evaluations, and recognition of achievements.

6. Perform any other duties as assigned by the Supervisor.

KEY PERFORMANCE INDICATORS

• Timeliness in addressing stakeholder concerns and integrating feedback into the audit plan.
• Compliance with IPPF and other relevant standards in audit strategy and execution.
• Number of audit reports delivered on time.
• Accuracy and clarity of audit findings and recommendations.
• Percentage of identified control weaknesses resolved or mitigated.
• Number of advisory recommendations implemented by management.

JOB SPECIFICATION

Minimum Qualification:

• Bachelor’s degree in commerce, business administration, accounting or a related field.
• Membership in the Institute of Internal Auditors (IIA) is compulsory.
• Full ACCA, CIA, or CPA is required.
• Post graduate qualification in a related field is an added advantage

Certifications:

Experience

• Six (6) years of experience in a similar function.
• With knowledge of any or all of the following fields of; Accounting; Investment analysis, Fund Management or Consultancy gained / acquired in a reputable private or public sector entity

Competency

• Analytical skills.
• Report writing skills.
• Understanding of Institute of Internal Auditors standards.
• Leadership skills.
• Communication skills.
• Problem-solving skills.

WORKING RELATIONSHIPS

Internal:

• Executive Director, Management, all Staff, the Board.

External:

• Auditors

• Review the strategic plan to align audit activities with organisational goals.
• Consult key stakeholders to gather input and identify critical areas for review and review relevant documents to understand the context and scope of the audits.
• Conduct risk assessments to identify and prioritise areas for audit focus and revise the audit universe to ensure it reflects current organisational priorities and risks.
• Develop and finalise the annual audit plan and budget ensuring it is aligned with the audit strategy and resource requirements.
• Review the International Professional Practices Framework (IPPF) to ensure compliance with standards.
• Design audit procedures tailored to each engagement's objectives and risks and define critical success factors for successful audit execution.
• Plan and conduct audit engagements according to the established audit plan.
• Prepare detailed audit reports that document findings, recommendations, and management responses.
• Communicate the results of the audit exercise effectively to stakeholders and management.
• Identify and assess risks associated with key processes and controls.
• Review the design of controls to ensure they are adequate for mitigating identified risks.
• Verify the implementation of controls and their effectiveness in practice.
• Monitor controls to ensure ongoing effectiveness and identify areas for improvement.
• Provide consulting services to management on risk management, control processes, and governance.
• Offer recommendations to enhance organisational processes and internal controls.
• Participate in special projects as requested, providing internal audit expertise and support.
• Supervise subordinates by setting clear goals, providing mentorship and promoting continuous improvement through regular feedback, performance evaluations, and recognition of achievements.
• Perform any other duties as assigned by the Supervisor.

• Analytical skills.
• Report writing skills.
• Understanding of Institute of Internal Auditors standards.
• Leadership skills.
• Communication skills.
• Problem-solving skills.

• Bachelor’s degree in commerce, business administration, accounting or a related field.
• Membership in the Institute of Internal Auditors (IIA) is compulsory.
• Full ACCA, CIA, or CPA is required.
• Post graduate qualification in a related field is an added advantage