Head of Internal Audit

Position Summary:

Head of Internal Audit shall be responsible for implementing a strategy for conducting internal audits throughout the organisation to ensure effective Internal Control, identify shortfalls and gaps in processes, assess the efficacy of organisation’s risk management efforts, assure that the organisation complies with all relevant laws, ensure safeguards and investigate fraud.

Terms of Reference:

• Develop annual risk-based audit plan and present the audit reports to the BAC (Board Audit Committee) on a periodic basis
• Implement the audit plan as approved by BAC
• Issue status, findings and recommendation report on a periodic basis to BAC
• Keep informed on emerging trends and successful practices in Internal Audit
• Work with line management constructively to challenge and improve established and proposed practices & to put forward ideas for improving processes
• Foster a culture of co-developing agreed solutions with management for strengthening internal controls
• Evaluate internal controls, identify shortfall and gaps in processes and make recommendations for improvement in processes and policies
• Assess the company’s risk and the efficacy of its risk management efforts
• Evaluate the reliability and integrity of information and means used to identify measures and classify and report such information to the BAC
• Ensure compliance with laws, rules, regulations, policies, standards and code of corporate governance
• Report significant control issues including malpractice, fraud, governance issues and other matters which need management’s or Board Audit Committee’s attention
• Conduct follow-up of management letter issued by external auditor and management response thereto
• Report to the Board Audit Committee concerns about any actual, potential, and perceived improprieties in financial or other matters and recommend remedial measures
• Be the main point of contact between External Auditors and process owners to ensure timely completion of External audit
• Providing input on policy making from control perspective;
• Coordinate the process of external auditors’ appointment, removal, audit fee and the provision of any service permissible to be rendered to BAC
• Any other issue or matter as may be assigned by the Board Audit Committee or the CEO

Candidate Eligibility

Education and Experience

• The candidate should be a qualified CIMA member with experience of one of the Big Four Audit Firms
• Minimum of 8 years of related work experience required with a minimum of 5 years’ experience in Internal Audit
• Previous experience working in a donor funded organisation would be a plus
• Knowledge and experience of Financial Markets, Investment Banking or relevant industries would be a plus 

Desired Skills:

• Expert skills in auditing techniques, accounting and management principles
• Superior knowledge of international accounting and auditing policies, procedures, principles and standards
• Prior experience in organising, planning, managing and supervising the audit functions and in conducting financial reporting
• Highly developed organisational, communication and presentation skills
• Strong analytical and critical thinking skills
• Excellent problem-solving skills (i.e., conceptual and analytical thinking) Ability to promote the value of internal audit among key employees within the organisation

Last date to apply: 7th September 2020