Head Risk & Assurance

Duties & Responsibilities Reviews and updates the Internal Audit Charter annually, to ensure that it remains relevant to the needs of the company Reviews and updates the Internal Audit Procedure Manual (IAPM) annually, ensuring the development and implementation of uniform audit practices and processes, in line with best practice Implements and monitors the Annual Internal Audit Plan in line with the Internal Audit Charter Ensures Staff maintains a comprehensive system for recording all audit plans, work papers, findings, reports and follow-up audits in line with best practice Manages risk-based audit engagements as per the Annual Internal Audit Plan, covering operational, financial and information system processes by: Overseeing planning of audit engagements including the identification of key audit risks to ensure correct attention and appropriate utilisation of internal audit resources in line with the IAPM Informing Heads of Divisions regarding upcoming audits via memoranda (engagement letters), including areas to be reviewed (scope) to ensure readiness and availability of key staff Overseeing the development of adequate audit procedures for automated systems and identified risks are addressed Ensuring that procedures performed by the audit team address the specific risks identified during planning in line with the IAPM Delegating tasks to team members, ensuring that sections are allocated to team members in line with their skill level and areas for development Supervising team members and provide coaching during the performance of fieldwork and finalisation of each audit Reviewing audit work performed by team member for completion and accuracy, ensuring that samples are adequate, audit work is complete and relevant and covers the assessed risks Conducting meetings with the auditees to obtain feedback on the reported findings and audit process Providing practical recommendations to address internal control deficiencies identified to enhance internal controls, practices and effectiveness of business processes Conducts special audits as required by management and issue results in line with the IAPM and best practice Evaluates and provides assurance on the Group’s risk management processes in line with best practice Evaluates the reporting of key risks by Management Identifies knowledge/appreciation gaps on risk assessment and provide appropriate interventions Consolidates reporting on risks for submission to the Audit, Risk and Compliance Committee Participates in the development of the Enterprise Risk Management strategy for the ARC approval Ensures complete and accurate reporting on group risk information to ARC Committee and Management Receives business requirements from various business units and communicates key priorities and focus areas Prepares and presents the annual budget for the Internal Audit Department Checks and monitors the Departmental expenses against the budget and takes appropriate action in the event of budget overruns Keeps up to date with developments in governance, risk management and internal auditing, and implementing improvements where appropriate Determines the resources, expertise, qualifications and systems that are required to meet the department’s objectives; using a full range of resourcing options including consultancy, working with others and buying in where appropriate Develops the necessary plan/s to ensure that the Department meets its agreed goals and objectives, meets staff on a pre-agreed basis, identifies and agrees on key performance areas, key objectives/tasks and action plans Ensures that members of staff are being rewarded equitably and that the requisite human resource policies, procedures and systems in place and are being followed accurately Qualifications & Experience Chartered Accountant, Certified Internal Auditor or equivalent (such as Degree in Accounting) Certified Fraud Investigator At least 6 years of Internal Audit, Investigations, Financial Management or similar experience, with approximately 3 years in a managerial position Member in good standing of CIA/ ICAZ/ ACCA/ Member of Certified Financial Expert, Certified Information Systems Auditor