Internal Audit Manager

1. Provide an independent internal oversight, and to evaluate and improve the effectiveness of the Company’s internal controls and compliance with all internal and external requirements, including the Central Bank’s guidelines and the Anti-Money Laundering and Anti-Terrorism Financing Act (AMLATFA) and its subsidiary legislation and instruments issued under the AMLATFA in terms of all financial processes both at the HQ, branches and inter-branch transactions. 2. Performing the full audit cycle including risk management and control management over financial reliability and compliance with all applicable directives and regulations for HQ and branches. 3. Conducts all audit exercises as incorporated in the Audit Plan approved by the Audit Committee are being carried out as planned. 4. Prepares an audit report upon completion of each audit exercise or assignment which should have as its contents, inter-alia, the audit findings, the risks or potential risks the company is exposed to with regards to each of the findings, the recommendation for rectification or remedial action, as well as the response provided by the relevant auditee for each of the audit findings and remedial action recommended. 5. Shares with Management, on a periodical basis any common and frequent findings and irregularities that were detected or identified from audit or other assignments that were performed to enable effective corrective action to be taken by Management to address the issue(s). 6. Investigate occurrences of fraud, embezzlement, theft, waste and recommends controls to prevent or detect such occurrences both in HQ and the branches. 7. Conducts reviews of new procedural manuals and SOPs prior to submission of these documents to the relevant authority for approval and provide comments, where appropriate, to help ensure the appropriateness and adequacy of internal controls, checks and balances, etc. 8. Establishes a quality control program over Internal Audit activities ensuring Departmental process, methodology and work flow are effective. 9. Embeds minimum acceptable standards and control frameworks especially from the financial risks perspective which meet Internal Audit objectives. 10. Obtains, analyzes and evaluate accounting documentation, reports, data, flowcharts etc. to ensure it meets requirements of standards and regulations. 11. Identify loopholes and recommend risk aversion measures and cost savings. 12. Assist the Internal Audit staff develop skills and knowledge which provide maximum value for the business, and which are relevant for career advancement. 13. Conduct ad-hoc special projects, reviews and investigates as and when requested by the Board of Directors and/or, Audit Committee. 14. Maintain the independence and objectivity required by Internal Audit functions at all times. 15. Prepare Audit Plan detailing the scope and objectives of audits pertaining to own area of audit, setting priorities as regards to areas to be audited and determine the necessary resources required to implement the plan. This plan should be approved by the Audit Committee and reviewed on a regular basis. 16. Provide consultative support to branches and departments with regard to the adequate design and execution of risk management processes in terms of financial processes and risks. 17. Prepare a report at the end of the year to the Audit Committee detailing status of the Audit Plan, and to assist in providing overall evaluation on the internal controls and compliance in the company. 18. Follow up on recommendations made, to ensure that effective remedial action (agreed by the Audit Committee) is taken. Recommendations should be ranked and should include proposed timelines for implementation. 19. Build and maintain close and constructive working relationships with management throughout the Company, acting in an advisory capacity to help improve the effectiveness and efficiency of internal financial controls and processes. 20. Maintain strict confidentiality of all information of the company obtained in the course of audit work and monitor to ensure the same is being practiced and given effect by staff under the MIA’s supervision. 21. The Manager is a member of the Company’s Governance and Risk Management Committee. 22. The Manager would regularly attend the following meetings on a “by invitation basis”: a) Company’s Management Committee Meetings b) Board Audit Committee Meetings c) Company’s IT Steering Committee Meetings 23. As and when required, the Manager would attend the company’s Board Meeting on a “by invitation basis”. 24. To update Key Business Objectives of the department whenever necessary. 25. Recommend enhancements and process improvements and be a key driver to implement. 26. Participate in all duties or tasks assigned from time to time by your reporting manager within and outside your normal scope of work without unreasonably refusing to perform such duties or tasks.