Ref: ASSL/ACA/24
Job purpose:
This is responsible for supporting the Internal Audit and Compliance Manager in execution of internal audit and compliance roles and responsibilities.
Key duties and responsibilities:
Prepare and implement audit programs and plans for specific audits in consultation with Internal Audit and Compliance Manager to ensure completion within agreed schedule.
Conduct operational Audits, by examining records, accounting systems and procedures relating to operations and processes to ensure compliance with, regulatory guidelines, Sacco Policies and Procedures.
Review financial audits to ensure accuracy and reliability of accounting records, safeguarding the Sacco assets, and reports on the reliability of the saccos's financial statements.
Participate in the development and testing of the Sacco's internal control environment related to the initiation, authorization, recording, processing, reporting and disclosure process of financial transactions to verify the Sacco's compliance with SASRA regulations.
Developing and performing testing of Special Study audits, which are performed upon request to establish and report any unusual or suspicious activity.
Developing and implementation of the annual audit work plan.
Scheduling and executing audits and reviews as per the annual work plan.
Conducting special reviews and advisories on emerging areas of system and operation audits.
Preparation of reports to management and Board on compliance and monitoring reviews undertaken.
Participates in the review of the Sacco's operating system, security software tool, or IT processes and procedures.
Support the Sacco's external auditors in performing various audit procedures such as confirmations, creating reports, direct testing, etc. for their examinations
Collect, analyze, interpret and recommends information which supports internal audit reports.
Perform any other duties as may be assigned from time to time by the supervisor
Knowledge, experience, and qualifications required
Academic and Professional Qualifications/Memberships to professional bodies:
Diploma in Accounting/Finance/Financial risk management or relevant field
Minimum professional qualification of CPA Part 2 (Intermediate Level) or ACCA Level 2
Certifications in Chartered Financial Analyst, Certified Internal Auditor, Certified Information Systems Auditors is an added advantage.
Experience Required:
At least 1-year relevant experience in financial service industry
Experience working in Sacco sector will be an added advantage
Role Competencies
Technical Competencies:
Compliance Management
Risk Identification
Data analytics
Information Systems audit
Understanding of audit standards
Proficient in computer assisted audit techniques
Document workflows
Business processes
Report writing
Behavioral Competencies:
Customer Focus
Cultivate Innovation
Collaborates and team player
Person of integrity
Proactive