Summary
Date Posted: Wednesday, April 19, 2023 , Base Salary: Not Disclosed

JOB DETAILS:
Job Summary
Contribute to the Internal Audit (IA) function by identifying risks associated with business objectives and evaluating the controls in place to mitigate those risks in order to improve the effectiveness of Risk Management, Control & Governance processes. DUTIES AND

Responsibilities
• Participate in opening meetings with departments to explain the scope and objectives of the audit engagement to auditees and provide an overview of all steps in the audit process.
• Develop a thorough understanding of business processes in scope for assigned audits and document the processes in flowcharts and/or process narratives.
• Identify and document inherent risks and controls within the business processes.
• Develop a risk-based test plan by selecting appropriate audit approach, test procedures and sampling criteria based on professional judgment and departmentally defined internal audit methodology.
• Perform audit tests and prepare working papers in accordance with professional IIA standards.
• Evaluate the adequacy of process design and the effectiveness of controls in meeting business and control objectives.
• Identify and document control and process weaknesses and provide evidential support for findings.
• Propose practical and value added recommendations to address control weaknesses and/or process inefficiencies. Organize and reference work papers for review chief Internal Auditor.
• Participate in closing meetings with audited departments at the end of fieldwork, providing clear explanations for identified issues.
• Preparation of a concise and informative audit report to effectively communicate the findings and recommendations to the branch/department and senior management.

Other Responsibilities
• Assists the Chief Internal Auditor in the development of the annual Internal Audit plan.
• Perform consulting services for management through participation in projects designed to introduce new and/or changing processes, products or facilities.
• Provide value added recommendations to mitigate both project and end state risks.
• Develops and maintains effective and professional working relationships with all levels of staff within the organization, including Senior Management and Audit Committee of the Board. Conducts investigations of suspected internal fraud.

Job Requirements
• Education: Minimum of second class upper (or equivalent) in Accounting, Banking & Finance or related discipline from a reputable university.
• A recognized professional designation in Accounting or Internal Auditing (ACCA, CIA or CISA). Full membership of CPA is required.

Experience:
• 3 to 5 years’ experience in Audit (in the Financial Services Industry preferred) Comprehensive and current knowledge of legislation applicable to banks ie FIA

Skill/Competencies
• Data Gathering and Analysis
• Regulatory compliance Industry
• Knowledge Banking operation
• Product / Service Knowledge
• Business Risk Management
• Credit Analysis
• Accounting and Tax Decision Making
• Facilitation / Knowledge sharing
• Good interpersonal Relationship & Communication

Work Hours: 8

Experience in Months: 60

Level of Education: Bachelor Degree

Job application procedure

All interested candidates should send CV, application letter and copies of academic certificates to ubaugandahr@ubagroup.com  addressed to;
Head Human Capital
United Bank for Africa
Plot 2, Jinja Road
Kampala, Uganda.

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