Summary
Date Posted: Monday, March 14, 2022 , Base Salary: Not Disclosed

JOB DETAILS:
Perform financial and operational audits of divisions, departments, to determine compliance with Opportunity Bank’s policies and procedures as well as with existing laws rules and regulations.

Key Result Areas:
• With limits of delegated authority from the Internal Audit Manager, the Audit Supervisor will be responsible for achieving the following objectives and responsibilities:
• Implements the audit strategy, performance objectives, operational plan, policies and procedures.
• Assists in setting an annual, quarterly, and monthly audit plan and auditing program based on the organization’s business plan and priorities.
• Audit the business operations and financial transactions, ensures that all accounts are booked in accordance with the approved system of accounts, and points out transactions that are not within its powers or are contrary to the banking regulations and organization’s policies and procedures for the attention of the Internal Auditor.
• Conducts Head Office and branch audit to ensure and verify that all company systems, policies and procedures are being observed and applied, and prepares recommendations for improvement.
• Review Bank of Uganda returns and certify to confirm their accuracy before submission.
• Analyses significant changes between actual and budgeted expenses and verifies corresponding Board/Management decision to support such changes.
• Verifies accuracy of the financial statements by performing analysis of accounts to ensure the reliability of the financial and statistical data pointing out appropriate corrective actions to existing deficiencies.
• Communicate key audit observations on Branches and departmental issues for discussion during exit meetings.
• Prepare summary audit observations on branches and departments for discussion during exit meetings
• Prepare detailed draft reports within agreed timelines after field work
• Prepare final accurate audit observations/ report
• Ensure that follow up actions is taken on a timely basis for previous and current audit issues
• Conduct emergency/surprise reviews as per audit plan following risk-based approach
• Comply with principles of ethics, integrity and confidential during the process of audit reviews.
• Confirm that the bank complies with laws, regulations, policies and procedures
• Confirm that staff adheres to internal control structures.
• Carry out procedures to detect red flags of fraud during audit reviews.
• Carry out fraud awareness to staff.
• Self-development
• Develops and maintains own knowledge, expertise and professionalism.
• Keeps abreast of current developments in microfinance and banking industry including micro and macro environmental factors and trends, microfinance products and poverty eradication strategies through local and international networking activities.
• Meets personal training and development needs through relevant professional and commercial training and networking activities.

Qualifications & Experience
• Bachelor’s degree in Accountancy from a reputable university or college
• Professional qualification e.g. Certified Public Accountant, ACCA, CIA will be an added advantage
• Must have at least three years’ experience in audit. Experience in auditing micro finance or commercial institutions or in a similar environment is a plus.
• Skills related to auditing, fraud investigation, evaluation and review of documents, and writing and preparing audit reports.
• Experience in auditing and evaluating business operations including sustainability, efficiency, budget and overhead control, profitability, portfolio quality, outreach activities, and defaults management
• Banking Compliance Regulations and Legal Legislation
• Advanced knowledge of related statutory and regulatory banking compliance regulations, accounting principles, and tax laws
• Knowledge of the General Banking or Financial Services Act, banking laws and regulations, and local employment and labour laws
• Knowledge of the lending, banking and transformation products policies and procedures
• Knowledge and experience in internal and external control policies and procedures including credit and risk management, default management, finance, MIS, IT, payroll, HR related employment policies and regulations, unsecured staff advances, investment, and purchasing, leasing and acquisition of real property

Personal skills and abilities
• Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
• Outstanding problem solving and analytical skills with ability to turn findings into strategic imperatives
• Ability to communicate effectively, in both written and verbal formats, with management.


Work Hours: 8

Experience in Months: 36

Level of Education: Bachelor Degree

Job application procedure
Interested candidates should send their signed application letters together with their curriculum
vitae not later than Wednesday 18th March 2022 to: recruitment@opportunitybank.co.ug 

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