Executive Head – Internal Audit

Job Description

Reference Number

HCBPKM151024

Description

JOB PURPOSE

The job holder serves as the Bank’s chief audit executive and as member of the executive management team. This role is responsible for performing high-level professional internal auditing work as a key component of the corporate governance structure. The work involves directing a comprehensive audit program including performance, financial and compliance audit projects; providing consulting services to the bank’s management and staff; providing direction to the development of the Annual Audit Plan and providing on-going training, coaching and supervision to Internal Audit staff. Maintains organizational and professional ethical standards and works independently with extensive latitude for initiative and independent judgement.

Under the supervision of the Chief Executive Officer, the following are among the Job Key Responsibilities:

Directs audit staff in planning Internal Audit operations, including assisting in hiring, training and evaluating staff and taking corrective actions to address performance problems; directs the identification and evaluation of the organization’s risk areas and oversees the development of Annual Audit Plan in order to achieve approved long- and short-term coverage for all areas of weaknesses

Prepares financial and staffing budgets in order to control bank resources effectively

Directs the overall performance of audit procedures including identifying and defining issues, developing criteria, reviewing and analyzing evidence, and documenting client processes and procedure in order to have verifiable/reliable audit findings and recommendations

Directs audit staff in conducting interviews, reviewing documents, developing and administering surveys, composing summary memos and preparing waking papers in order to report on progress made on audit recommendations and for corrective actions

Monitors implementation of audit recommendations through follow up audits to ensure that agreed action points are being done.

Communicates the results of audits and consulting projects via written reports and oral presentations to management and audit committee in order to inform the audit committee and clients on the agreed findings and solutions

Develops and maintains productive client, staff, management, and board relationships though individual contacts and group meetings in order to maintain professional working relationships

Ensures that the Internal Audit charter and audit manual are up to date in order to have improved audit practices

Pursues professional development opportunities, including internal and external training and professional association memberships for improved quality of work and continuous improved processes

Represents Internal Audit Department at management and board meetings for value addition to client operations

Appraises staff on semi-annual and annual basis and take appropriate action in order to have motivated and trained staff

Performs related work as assigned by the audit committee of the board of directors in a professional manner in order to produce quality work as per request

Any other responsibilities or tasks as maybe assigned by management.

INTERNAL/EXTERNAL CONTACT

External: External Auditors, BoZ & Other Regulators

Internal: All internal Business Units

Requirements

QUALIFICATIONS AND EXPERIENCE

Grade 12 Certificate with Credit or above mandatory in Mathematics and English and any other three subjects

Bachelor’s Degree in Business, Finance, Full ZICA/ ACCA/ CIMA or any other related field

Minimum of 10 years’ experience in Internal Audit with at least 5 years in a similar role

CIA Certification

Excellent report writing and presentation skills

Experience with Audit Management Software

Strong knowledge of accounting standards, regulatory requirements, and industry best practices.

JOB CORE COMPETENCIES

Internal Audit Management

Ethical Orientation

Analytical thinking

Critical thinking

Governance Risk and control

Business Acumen/ Insight

International Professional Practices Framework

Verbal and Written Communication

Persuasion

Teamwork-Collaboration