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

JOB DETAILS:
Plans and assists on operational, IT and project audit assignments in accordance with the International Standards for the Professional Practice of Internal Auditing (IIA Standards). Performs analysis of risks and controls, prepares well-documented work papers in accordance with Audit departmental policies and procedures, and effectively communicates the results of audit work to Bank and Audit management.

Key Result Areas:
• Lead technology-focused audit projects in various business lines by identifying and assessing risks in business context related to the technologies and IT management processes and by developing audit tests designed to achieve audit objectives.
• May execute some audit tests for the technology-focused audit projects on own audits or under the direction of Supervisor, when technical expertise will maximize audit objectives.
• Develops and executes audit tests of IT general computer controls, interfaces and/or automated business controls based on scope and the relevant risk management processes and industry best practices, documenting work in accordance with professional and corporate quality standards.
• Exercises superior judgment when evaluating the business impact and significance of audit findings, identifying mitigating controls and other factors and assessing whether residual risks are consistent with risk tolerance and prudent risk management.
• With the assistance of the Audit Manager, develops audit reports and recommendations to improve control processes to executive management that clearly present audit results while considering the business context.
• Develops valuable and trusting relationships with internal business partners by executing
• efficient audit work and offering suggestions to enhance risk management based on an enterprise-wide view of technology risk management.
• Develops subject matter expertise in one or more technical areas (e.g. web security, ITGCs, interfaces, etc.) and develops an understanding of business products, processes and drivers.
• Develops tools and processes to enhance effectiveness and efficiency of audit activities.
• Collaborates with other audit team members to complete integrated audits.
• Offers value-added recommendations to management regarding internal controls.
• Communicates plans for and results of audit work to Head of Internal Audit.
• Performs timely follow-up of outstanding observations and evaluates the adequacy of corrective action taken to improve conditions.
• Any other duties assigned by supervisor.
• 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

Qualifications & Experience
• 3+ years of experience in IT audits or technology risk management, information security and IT program management is mandatory.
• Audit experience at a financial services institution or auditing firm.
• A Bachelor’s degree or higher in IT, accounting, finance, or business administration
• Certification in CISA, CIA etc. would be an added advantage.
• Risk or compliance experience
• Solid knowledge and understanding of audit methodologies and tools that support audit processes

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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