Job Title:

Director of Internal Audit

Reports to

•  The Board of Directors
•  Chief Executive Officer (Administratively)

Grade:

BD 3

Department:

N/A

Direct Reports

v Operations Auditor

Section:

N/A

Unit:

Internal Audit

Job Purpose:

To evaluate overall Company’ activities and give assurance of adequate control measures within departments/units.

The role holder will also be responsible for planning and conducting audits to evaluate the effectiveness of internal controls based on an approved annual risk-based audit plan in line with approved Charter, regulatory and supervisory requirements, and expectations.

Key Responsibilities and Job Dimensions

Key Responsibilities

•  Develop audit strategies and protocols for all areas of audit in accordance with the risk-based approach and audit methodology.
•  Ensure compliance with acceptable audit standards in mitigation of business and operational risks.
•  Manage audit protocols and audit risk planning and assessment.
•  Demonstrate through knowledge and understanding of risk, control, and auditing methodologies.
•  Prepare formal written reports, providing assurances on the adequacy and effectiveness of controls and the efficiency with which activities are carried out.
•  Report audit findings, and to make pragmatic and practical recommendations to address any weaknesses identified.
•  Determine the critical areas of risk and appraise their significance in relation to operational and strategic factors and make recommendations to reduce risk and add value.
•  Appraise the adequacy of the corrective action taken to improve deficient conditions.
•  Coordinate and facilitate external audit exercises.
•  Develop and maintain productive client and staff relationships, through individual contacts and group meetings.
•  Conduct fraud investigations for the organization (where necessary).
•  Perform consulting services for management through participation in projects designed to introduce new and/or changing processes, products, or facilities.
•  Lead in development of the BDF’s annual audit plan.
•  Manage performance of audit assignments, review workpapers and audit reports; edit reports prepared by other auditors.
•  Schedule and plan audits; initiate project planning, assess risk and develop audit direction.
•  Deliver on performance requirements as defined in the departments’ strategy map, balanced scorecard, and Personal Scorecard/development plan.

Decision Making/ Job Influence

The role makes decisions for the department/ function on strategy development, review and implementation, scheduling and allocating duties and giving timelines for staff, performance management and allocation of resources.

Working Conditions

The role works under normal working conditions.

Job Competencies (Knowledge, Experience and Attributes / Skills).

Academic Qualifications

•  Master’s Degree in Accounting, Commerce, Finance, Business Administration, Economics or any other business related field or any other relevant qualification.
•  Bachelor’s degree in Business management, Finance and Accounting or any other relevant qualification.

Professional Qualifications / Membership to professional bodies

• Have certification in either CIA,CPA or ACCA is an added advantage/ preferred.

Previous relevant work experience required

•  The role requires to have served as a internal audit officer for a minimum period of 5 year(s).
•  The role requires at least 7 year(s) of cumulative relevant experience.

Functional Skills:

Behavioral Competencies/Attributes:

• Knowledge of Internal Auditing Techniques and Standards
• Knowledge of Computer Assisted Auditing software
• Analytical skills
• Strong verbal and written communication skills

•  Integrity
•  Confidentiality
•  Investigative
•  Attention to details
•  Procedural
•  Risk conscious