Job
Title

Internal
Audit Risk and Compliance Manager

Reports
Functionally To:

Audit
Committee of the Board

Department

Internal
Audit

Reports
Administratively To:

Chief
Executive Officer

Supervisors:

Senior
Information Systems Auditor, Senior Risk and Compliance Officer, Senior
Internal Auditor

JOB PURPOSE

Our
client is a leading and fast-growing Sacco. They are seeking to hire an
Internal Audit, Risk & Compliance Manager to provide independent,
risk-based assurance on the effectiveness and efficiency of the Sacco’s
internal controls. The role involves planning and executing internal audits in
line with the annual audit plan, identifying key risks and control gaps, and
providing practical recommendations to strengthen the Sacco’s governance, risk
management, and control the environment. The role also requires a professional with
strong analytical, audit, risk management, and reporting skills, with the
ability to work closely with Management and the Supervisory/Audit Committees.

KEY RESPONSIBILITIES

1.
Strategic Planning

• 
  Champion
  the review of the strategic plan.

2.
Managing Audit Assignments

• 
  Prepare
  a risk-based annual audit plan for the Sacco.
• 
  Execute
  the audit assignments planned for in the annual plan based on the adopted
  methodology and report to Management and the Supervisory/Audit Committees.
• 
  Perform
  consulting engagements requested by management to ensure improved risk
  management and improve the organization's operations without compromising the
  objectivity of Internal Audit.
• 
  Track
  and monitor for closure all audit recommendations to ensure identified control
  gaps are promptly addressed.
• 
  Review
  implemented management actions for relevance, efficiency and effectiveness in
  addressing the identified control gaps and raise to management any emerging
  risks for timely resolution.
• 
  Periodically
  report to management on the progress of closure of audit recommendations and
  any emerging risks from implementation of the agreed actions.

3.
Enterprise Risk Management

• 
  Conduct
  annual risk assessment of all the Sacco's operations.
• 
  Maintain
  an updated operational risk register for the Sacco.
• 
  Perform
  risk assessments for all new products of the Sacco and ensure critical risks
  are closed before launch.
• 
  Champion
  risk awareness and integration of risk considerations in all the Sacco's
  initiatives and process designs.

4.
Policies and Compliance

• 
  Review
  all the Sacco's policies and procedures to determine consistency, adequacy of
  purpose and compliance with the statutory regulations.
• 
  Audit
  and report on compliance with the relevant regulatory framework, including tax
  and SASRA requirements.
• 
  Monitor,
  evaluate and report on implementation of regulatory compliance programs.
• 
  Ensure
  compliance with statutory deductions and remittances within the stipulated
  timelines.

5.
Statutory Audits

• 
  Liaise
  with external auditors to ensure timely and effective statutory audits.
• 
  Monitor,
  evaluate and report on implementation of statutory management letter
  recommendations.

6.
Capacity Building

• 
  Ensure
  internal audit is properly understood and supported by staff and the Board.
• 
  Communicate
  the internal audit activity's plans and resource requirements to the Sacco
  Management for review and approval.

7.
Corporate Governance

• 
  Promote
  the Sacco's corporate governance to facilitate effective and prudent management
  that can deliver the long-term success of the company.

8.
Stakeholder Engagement

• 
  Ensure
  efficient flow of information to and from members and other stakeholders as and
  when required.
• 
  Ensure
  member and stakeholder queries relating to audit, risk and compliance matters
  are directed to the relevant officers and that feedback is promptly given.
• 
  Uphold
  the Sacco's reputation in all engagements with members and stakeholders.
• 
  Promote
  an environment founded on Qona Sacco values of customer focus, integrity,
  reliability and innovation.
• 
  Act
  as an advocate for Qona Sacco in all dealings with members, staff and the
  public, maintaining professional standards of presentation and conduct.

Requirements

KEY COMPETENCIES

• 
  Advanced
  knowledge in Microsoft Office packages (MS Word, Excel, etc.) and good
  knowledge of core banking systems.
• 
  Interpersonal/formal
  communication (oral and written) skills.
• 
  Leadership
  and managerial skills.
• 
  Planning
  and organizing skills / quality orientation.
• 
  Relationship
  building skills.
• 
  Ability
  to work under minimum supervision.
• 
  Ability
  to review data, identify and adjust discrepancies.
• 
  Ability
  to handle a large volume of work, possibly under time constraints.
• 
  Good
  knowledge of administrative rules and regulations.
• 
  Ability
  to organize and complete multiple tasks by establishing priorities.

QUALIFICATIONS AND EXPERIENCE

• 
  Bachelor's degree in accounting or
  finance; an MBA is an added advantage.
• 
  ICPAK membership and CISA/CIA
  certification.
• 
  A minimum of eight (8) years' working
  experience, five (5) of which must be in a similar position, preferably within
  the cooperative movement.
• 
  Must have financial services
  background.
• 
  NO SACCO
  candidates
• 
  Investment banks and commercial banks
  candidates are
  ONLY
  eligible to apply