Internal Auditor at Credit Bank

Job Description

Reporting to the Chief Manager, Internal Audit, the incumbent will provide independent and objective assessments of the Bank’s risk management, controls, and governance processes. This position involves planning and executing audit engagements, identifying control weaknesses, providing recommendations for improvement, and ensuring compliance with regulatory requirements and internal policies.

Key Responsibilities:
Audit Planning and Execution:

•  Develop detailed audit plans, including objectives, scope, and audit procedures.
•  Conduct risk assessments and identify areas of potential risk within the bank.
•  Execute audit engagements, including fieldwork, testing, and documentation of audit findings.
•  Evaluate the adequacy and effectiveness of internal controls and compliance with policies and procedures.
•  Plan and carry out ad hoc/special investigations

Reporting and Documentation:

•  Prepare clear and concise audit reports, summarizing findings, conclusions, and recommendations.
•  Present audit findings to Branch/Heads of Department/unit.
•  Ensure all audit work is properly documented and in compliance with internal audit standards and practices.

Follow-Up and Improvement:

•  Monitor the implementation of audit recommendations and verify corrective actions taken by management.
•  Identify opportunities for process improvements and provide value-added recommendations.
•  Assist in the development and maintenance of audit programs and methodologies.

Compliance and Risk Management:

•  Ensure compliance with relevant laws, regulations, and internal policies.
•  Assist in the development and implementation of risk management strategies.
•  Stay updated with industry best practices and regulatory changes affecting the organization.

Collaboration and Communication:

•  Collaborate with other departments to understand business processes and provide guidance on control and compliance issues.
•  Communicate effectively with stakeholders at all levels of the organization.
•  Provide training and guidance to junior audit staff and other employees on internal controls and risk management
•  Carry out any other duty as assigned from time to time.

Minimum qualification and experience required:

• An undergraduate degree in a business-related field
• Certified Public Accountants of Kenya qualification with at least CPA, Part 3 certificate or CIA, CISA, or equivalent is preferred
• Working Knowledge of T24 core banking system
• Computer literate with good working knowledge of MS Windows Office Suite.
• At least three years’ experience in bank operations.
• Able to analyse financial records and evaluate operations for economy, efficiency and results
• Knowledge and application of modern auditing practices in the Financial Services Industry.
• Interpersonal skills to effectively communicate with and manage stakeholder expectations (internal and external).
• Good report writing and presentation skills.
• Self- drive and ability to work with minimum supervision.