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Internal Auditor at Co-operative Bank of Kenya


Accounting, Auditing & Finance

KES Confidential
3 weeks ago

Job Summary


Job Description/Requirements

Job Description

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The Co-operative Bank of Kenya Limited is incorporated in Kenya under the Company Act and is also licensed to do the business of banking under the Banking Act. The Bank was initially registered under the Co-operative Societies Act at the point of founding in . This status was retained up to and until June 27th when the Bank’s Special General Meeting resolved to incorporate under the Companies Act with a view to complying with the requirements for listing on the Nairobi Stock Exchange (NSE)

Tasks and Responsibilities

Developing internal audit, risk and compliance strategies and manuals detailing the procedures and best practices Developing, implementing, and reviewing the internal audit charter Developing comprehensive audit programs and audit plans to cover all the activities and programs Test the institution’s disaster recovery and incidents management programs and advice the management on areas of improvement Conducting timely risk-based internal audits and advising the board of directors on all audit matters Assessing the reliability and integrity of financial, operating procedures and compliance with set policies Economic efficiency and effectiveness in utilization of the Sacco’s resources Providing practical solutions to improve overall efficiencies and enhance internal controls Monitoring the level of compliance with laws, rules, regulations, policies, processes, and procedures Conducting investigation on suspected internal fraud and corruption Proactively keeping the board of directors and management aware of emerging trends regarding internal controls, risk management, governance and internal auditing Preparing and presenting accurate internal audit reports to the board of directors monthly, review and follow up on agreed issues Liaising with external auditors when audits are undertaken Providing support, technical and secretarial services to the supervisory committee in the performance of its duties under these regulations and the Cooperative Societies Act Promoting the highest standards of ethics and standards in the Sacco Society based on the principles of integrity Developing in collaboration with the Board, implementing, reviewing and advising on effectiveness of the risk management framework and policies Provide guidance on emerging operational, legal and regulatory compliance matters

Minimum Qualifications and Attributes

A degree in finance or related field A Master’s degree in Commerce, Business Administration, Finance, Accounting or any other relevant field of study will be an added advantage CPA – K/ACCA qualification Five years of working experience in a finance function with a minimum 3 years of auditing experience in a senior position in a Deposit Taking Sacco Membership in a professional body with good standing CISA certification A firm understanding of internal auditing standards and application Knowledge and effective application of all relevant Sacco policies, processes, procedures and guidelines to consistently achieve required compliance standards or benchmarks Ability to identify solutions that effectively address business and control needs Interpersonal skills to effectively communicate audit results to functional heads and other stakeholders

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