Officer, Internal Audit at Sidian Bank

When applying for a job with Sidian Bank, consider the type of work, which could be full time. Please keep in mind that having passed bachelor degree is a prerequisite for applying for this job. To be eligible for this job, you need to possess 36 months of experience working in the same field. While the position is based in Nairobi, the company may be open to considering remote workers who have the right skills. The office for this position is located at Nairobi, Nairobi. 2023-03-14 is when the job listing for Officer, Internal Audit at Sidian Bank was released, and it will expire on 2023-03-26. You have the opportunity to negotiate your salary with the employer based on the company's approach to employee collaboration and team building.

Job Description

JOB PURPOSE

The purpose of the role is to perform objective, independent, and reliable assessments on the effectiveness of the Bank’s risk management activities, its compliance with applicable regulations, and its internal control-environment.  Execution of audit duties in the planning, scheduling, coordinating, reviewing and reporting in line with professional auditing standards and bank audit requirements.

KEY RESPONSIBILTIES

• Audit planning
• Audit execution
• Audit reporting
• Monitoring and follow up

MAIN ACTIVITIES

Audit Planning

• Plan and conduct risk-based & compliance audits in line with the work plan. Prepare engagement audit plans for individual assignments as per the work plan allocations.
• Review and develop audit programs and testing procedures relevant to risk, compliance and audit objectives for audits allocated.
• Assess and evaluate key processes as identified in the risk assessment during assignment planning.
• Identify internal controls issues for key risk processes during planning to adequately test controls and processes.

Audit Execution

• Perform audit procedures to verify the design and effectiveness of controls through testing and interacting with the relevant staff.
• Ensure successful completion of assigned/planned audit engagements, from start to finish, inclusive of preplanning, fieldwork and wrap up activities.
• Use audit project management tools to record and track an audit project progress.
• Prepare of audit files for assignments allocated and ensure proper sign-off & filing of working papers.
• Carry out spot checks on keys areas such as cash count etc.
• Assess, evaluate and advise management on how to achieve statutory/ legal compliance;

Reporting

• Prepare draft audit reports of key risks identified during execution and their respective root causes.
• Discuss audit findings and recommendations with the directors and departmental heads; identify and communicate control issues noted, offering practical solutions relevant to business and related risks.
• Prepare and submit timely, quality audit reports for review.
• Assess, evaluate and advise management on how to achieve statutory/ legal compliance through specific and insightful recommendations.

Monitoring and Follow Up

• Consistently monitor progress of implementation on the agreed management action plans by way of tracking and follow- up audits and report on any gaps observed.
• Develop and maintain productive client and staff relationships.
• Conduct ad-hoc/ special investigations and reviews as requested by management or Board Audit & Risk Committee (BARC).
• Undertake any other tasks as assigned by Internal Audit Manager from time to time.

DECISION MAKING AUTHORITY

Decisions for this job are restricted to audits allocated as per the work plan.

• Risk classification of an audit observation. i.e. whether High, Medium or Low
• Verify implemented management action plan to confirm that they are adequate to satisfactorily address observed control gaps.

The Internal Audit Officer makes recommendations to the Internal Audit Manager on actions to be taken. Actions will only be taken upon approval of the recommendations.

In making the recommendations, the Internal Auditor will be guided by;

• Bank’s approved policies and standard operating procedures
• Relevant and applicable Acts such as the Banking Act of Kenya, POCAMLA, etc.
• Regulation – Prudential guidelines, Risk Management Guidelines
• Professional standards from ICPAK, IIA

ACADEMIC BACKGROUND

• University degree in business preferably in accounting or finance from a recognized university.

WORK EXPERIENCE

• Minimum of 3 years of experience in auditing or a minimum of 5 years operations experience in a bank.

SKILLS & COMPETENCIES

• Strong interpersonal skills
• Analytical skills
• Team player
• Report writing and general communication skills
• Ability to frequently travel for long periods and on short notice.

PROFESSIONAL CERTIFICATION

• CPA and/or CIA and/or CISA

Job Keys

Job Type: Full Time

Qualification: BA/BSc/HND

Experience: 3 years

Location: Nairobi

Job Field: Finance / Accounting / Audit 

How to Apply

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If you have thoroughly reviewed this job vacancy, it's time to make a decision whether to apply. Please only apply for this job if you meet all of the requirements and qualifications. Don't let the pressure to submit your application quickly lead to mistakes and inaccuracies – take the time to do it right. We welcome applications from individuals who have thoroughly assessed their qualifications and experience for this job.