Summary
Date Posted: Wednesday, June 19 2024, Base Salary: Not Disclosed

JOB DETAILS:
REPORTING TO: Senior Audit Manager

JOB PURPOSE: Reporting to the Senior Audit Manager, the role holder will be responsible for providing independent and objective assurance and consulting services designed to add value and improve the Bank’s operations and performance.

KEY ACCOUNTABILITIES:
• Internal Control Assessment: This is responsible for assessing the effectiveness and efficiency of the bank’s internal controls. They review and analyze the policies, procedures, and processes to identify any weaknesses or gaps that may pose risks to the bank’s operations, financial reporting, or regulatory compliance.
• Risk Management: Evaluate the bank’s risk management framework and practices. They identify and assess various risks faced by the bank, such as credit risk, market risk, liquidity risk, operational risk, and compliance risk. They also review the adequacy and implementation of risk mitigation strategies and recommend improvements when necessary.
• Risk assessment: Participate in the bi-annual risk assessment process that informs the scope of the audit. Further, prepare the risk assessment on respective audit engagements.
• Planning: Document engagement planning work in the audit software.
• Compliance Monitoring: Internal auditors ensure compliance with applicable laws, regulations, and internal policies. They review the bank’s operations and transactions to verify adherence to legal and regulatory requirements. This includes monitoring anti-money laundering (AML) and know-your-customer (KYC) procedures, data privacy regulations, consumer protection laws, and other industry-specific regulations.
• Communication and Reporting: Communicate their findings and recommendations to management and other stakeholders. They prepare audit reports summarizing their observations, conclusions, and recommendations and submit the Senior Audit Manager for review. They also provide ongoing updates on the status of audit activities and ensure that management takes appropriate actions to address identified issues.
• Continuous Improvement: Internal auditors promote continuous improvement within the bank by identifying opportunities for enhancing processes, controls, and risk management practices. They stay updated with industry trends, regulatory changes, and best practices in internal auditing to provide valuable insights and recommendations for enhancing the bank’s overall operations.
• Conduct audits either individually or as part of a team to give assurance as to the effectiveness of controls and other risk-mitigating measures.
• Performance root cause analysis and develop appropriate recommendations.
• Maintain audit files to ensure that audit findings are well supported.
• Carry out investigative audits including fraud investigations as assigned from time to time to achieve specified objectives.
• Prepare audit working papers to ensure that sufficient and reliable evidence has been gathered as a basis for reporting.
• Creation of staff awareness on risk management to minimize operational losses.
• Issue Tracking: Follow up on outstanding audit issues and document status updates in the audit software.

KNOWLEDGE, SKILLS, AND EXPERIENCE REQUIRED:
• Bachelor’s Degree in Commerce/ Business Administration or any other related field.
• Professional certifications such as CIA, CPA, CISA, ACCA, and CFE.
• 5 years experience with at least 3 years of auditing experience in a financial services/audit firm.
• Working knowledge of advanced analytics and continuous auditing in a fast-paced environment.
• Good understanding of Global Internal Audit Standards.
• Experience working with audit software.
• Proactive at identifying emerging risks and recommending strategies to address them.
• The job requires a good grasp of key risks and controls in most operating areas plus a good understanding of key operating policies and procedures.
• A high level of confidentiality and objectivity is expected of the job holder.
• The job requires high personal & interpersonal skills to deliver quality work.
• Knowledge of the techniques, tests, and sampling methods involved in conducting audits and the requirements outlined in the standards for the professional practice of internal auditing.
• Ability to collect, analyse and evaluate information and the preparation of written concise reports of work performed plus recommendations.
• Ability to communicate clearly and effectively, both orally and in writing.
• Ability to foster cooperation and support of stakeholders.
• Possession of flexibility and ability to adapt appropriately to changing requirements and situations.
• Analytical and possession of an objective and probing mind.
• Good understanding of bank products, risks and processes.
• Excellent attention to detail and organizational skills
• Strong oral and written skills

Work Hours: 8

Experience in Months: 60

Level of Education: Bachelor Degree

Job application procedure
If you believe you meet the requirements as noted above, please forward your application with a detailed CV including your present position and copies of relevant professional/academic certificates (University Transcript, O & A level), by close of business on Tuesday 25th June 2024 to the email address indicated below;
Vacanciesbank@dfcugroup.com 

dfcu Bank is committed to giving equal opportunities in employment and aims to ensure that it does not discriminate against gender or race. Only short-listed candidates will be contacted through +256 312 300391.

Disclaimer: dfcu Bank does not solicit/accept payment in cash/kind from prospective candidates in exchange for shortlisting or job placement. Any candidate who engages in this kind of transaction is aiding and abetting fraud and will be automatically disqualified.

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