Reference:WEF/HR/2024/2/1
Background:
Basic Pay Minimum Ksh; 155,122 - Maximum Ksh; 205,477 PM
An officer at this level will report administratively to the Chief Executive Officer and functionally to the Board through the Audit and Risk Management committee to ensure there is an innovative, responsive and effective risk management approach within the Fund.
Duties and Responsibilities
Formulating policies for effective risk management strategies and framework for the Fund.
Coordinating and overseeing all risk management activities and assessing compliance with internal policies, relevant contracts and all legal and regulatory requirements.
Coordinate preparation, approval by the Board and implementation of annual audit plans and appropriate audit programs.
Ensure sound development and implementation of audit management systems.
Ensure proper preparation of audit reports, presentation of the same to the Audit & Risk Committee on quarterly basis and implementation of audit recommendations.
Responsible for coordination of Audit & Risk departments activities, including staff training and development.
Liaising with external auditors and ensure implementation of their recommendations.
Updating the Board Internal Audit & Risk Committee Charter as well as the internal Audit Charter.
Review the Funds compliance with the relevant statutes, policies, rules, regulations, administrative government circulars and guidelines.
Review the adequacy of internal policies, procedures and processes to ensure necessary and sufficient internal controls are in place.
Carry out special assignments including investigations and recommend controls to mitigate risks.
Any other lawful duty that may be assigned from time to time.
Requirements for Appointment
For appointment to this grade, an officer must have:-
Bachelor of Commerce in Accounting / Finance.
Masters degree majoring in Finance, Accounting or Strategic Management or its equivalent from a recognized institution.
Served in Audit function for at least 10 years with at least five (5) being in a managerial position.
Senior Management Course lasting not less than four (4) weeks and Strategic Leadership Development Course lasting at least six (6) weeks.
Valid membership from ICPAK, Institute of Internal Auditors (IIA) or Information Systems & Control Association (ICASA) & in good standing.
Professional Certification in either Information Systems Auditor (CISA), Certified Internal Auditor (CIA), Certified Fraud Examiner (CFE) or Certified Forensic Accountant (CFA) is an added advantage.
Meet the requirement of Chapter Six of the Constitution of Kenya.
Key Competencies and Skills
Knowledge in Public Sector Accounting and Auditing standards.
Understanding of National Development Goals and familiarity with the latest emerging trends.
Knowledge in audit and risk management procedures and ability to advice on best practices in credit operations.
Effective communication, interpersonal, writing and editing skills.
IT proficiency.