Head of Internal Audit

• Participates in the annual identification and development of the long and short term Strategy and Business Plan for the Bank, and the Internal Audit Department.
• Develops the Annual Internal Audit Plan for submission and approval to the Board Audit Committee, taking into account:
• Bank’s risk universe, risk trends and the Department’s prior year performance:
• Business growth, product and service innovations, emerging risks, and regulatory changes:
• Input from first Line Managers to ensure that Audit Plans are relevant and address key risks within the Bank; and
• Department’s resource requirements in line with the overall budget allocation.
• Develops the Annual Operating Plan into quarterly. monthly, and weekly phases to manage the business and performance of the Department

• Develops the Department’s preliminary budget for submission to the Board Audit Committee for approval, and monitors implementation of the approved budget on a monthly basis, identifes variances and takes appropriate action, where necessay.

Internal Audit Operations Management:

• Evaluates and updates the Bank’s Audit environment and ensures that all auditable areas a duly considered.
• Attends and/or facilitates meetings and/or committees and projects to ensure that Internal Audit is well-informed of key business developments.

• Facilitate and/or obtains Audit Committee approvals for special audit /forensic assignments which may impact Internal Audit Plan execution.
• Conducts special audits / forensic investigations as required by management, issues reports, and, where necessary, follows up on the timely implementation of recommended interventions.
• Audit Issues Tracking, Management and Reporting:
• Manages the audit tracking mechanisms and systems reporting through the Audit managers by:
• Ensuring that all issues raised are property followed through, timely updates received, control measures implemented and issues closed:
• Checking that overdue issues are properly aged and escalated to the Bank Executive Committee and relevant action owners; and
• Reviewing and presenting Audit follow-up reports to the Bank’s Audit Committee.
• Alerts management of significant risks or exposures related to internal controls, compliance, and/or governance requiring prompt attention.

• Develops the necessary plans to ensure that the Department meets its agreed goals and objectives, meets staff on a pre-agreed basis, identifies and agrees key performance areas, key objectives / tasks and action plans.
• Caries out evaluation of staff, identifies performance strengths and deficiencies, and arranges for necessary action, be it, further training, disciplinary action or similar.
• Ensures through the Line Managers, the enablement, and implementation of the requisite Company Risk, Compliance and SHE policies and processes and the maintenance of good Corporate governance

• First degree in Business Accounting, Business Administration, or any other relevant qualification. A Masters Degree in Business Administration, or similar, desirable.
• Certified Internal Auditor (CIA) certification or equivalent.
• Internal Audit. Financial Management or similar, 4 years of which should be at middle management level.
• Ability to lead, manage, and develop staff + Sound business acumen + Excellent verbal and written communication skills + Ability to negotiate, interact and achieve targets.

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