JOB PURPOSE STATEMENT / POSITION OBJECTIVE

• State briefly the primary purpose of the job, i.e. the reason for the existence of the job within the organization
• To provide an independent assessment of adequacy of and compliance with the banks established policies and procedures and to ensure continuous monitoring of bank’s system of internal control.

KEY RESPONSIBILITIES

• State the end results the job is responsible for achieving, i.e. the end outputs against which the incumbent’s success in the job could be measured.
• Evaluate key activities of the Bank and the risk factors involved, assessing, and grading their significance in relation to achievement of the Bank’s strategic goals and developing an audit Work Plan for reviewing management of the risk factors.
• Conduct audits as per schedule of Audit Work Plan and internal audit Guidebook.
• Conduct audits of central functions of the Bank-Account Opening, Cash, Clearing, Credit,Trade,Finance,Remittances,Treasury,IT,Accounts,Administration, etc and prepare reports to be submitted to Management
• Review and report on the Bank’s Credit portfolio to ensure compliance of the respective credits with the terms of approval and CBK prudential guidelines, including classification and provisioning.
• Review and report on compliance with policies and procedures and recommend improvements whenever necessary.
• Recommend amendments and additions or deletions to existing procedures arising through audits.
• Evaluate and report on bank’s compliance with provisions of the Banking Act,
• Review and report on branch operations and highlight risks adversarial to achievement of branch budgets and the bank’s strategic goals.
• Regular review of General Ledgers of all branches and Head Offic and assess and report on significant extant risk identified.
• Review and report on security of branches for adequacy and highlight any security breaches for rectification.
• Conduct Special investigations as may be requested by the Managing Director or Head of Internal Audit.
• Follow up on closure of agreed audit recommendations subsequent to issue of audit reports.
• Take minutes of all departments’ meetings and circulate to staff within the department.
• Champion the best practices in governance, objectively assess the adequacy of governance and the management of existing risks, identify emerging risks and propose suitable controls.
• Uphold the international standards on internal auditing and the code of ethics of the institute of Internal Auditors (IIA).
• Any other duties assigned by my immediate supervisor.

POSITION DIMENSIONS

State the significant measures that will assist in determining the size and scope of the area of responsibility. These could be number of customers accounts, employees served, funds controlled, average daily/weekly tasks e.t.c. Where actual values are not available, estimates should be made.

• As defined in the Internal Audit Charter Document
• Defined annually on the basis of performance score cards.

MONETARY RESPONSIBILITY

If the job has responsibility over money, describe how and the amount of money involved, over a specified period i.e., day, week and month

• Accuracy of financial information and review of revenue collection measures.

CANDIDATE SPECIFICATIONS

• State the nature and duration of experience, skills and knowledge as well as the personal attributes required to perform this job.

EXPERIENCE

• Over 4 years work experience preferably in Operations, Cash, Accounts Opening and Maintenance

SKILL & KNOWLEDGE

• Business related Degree
• Professional qualification such as CPA (K)

COMPETENCIES AND ATTRIBUTES

• Strong work ethics; Integrity
• Knowledge and effective application of all relevant banking policies, processes, procedures, and guidelines to consistently achieve required compliance standards or benchmarks.
• An understanding of the operations environment and an all-round knowledge of how all the units within the Bank operate.
• Good analytical skills
• Performance Management to optimize own productivity.
• Interpersonal skills to effectively communicate with all stakeholders and other stakeholders.