Internal Audit Manager

Job Purpose:

Responsible for performing objective, independent, and reliable assessments of the effectiveness of a bank’s risk management activities, its compliance with applicable regulations, and its internal control environment. Performs analysis of risks and controls, prepares well-documented work papers in accordance with Audit departmental policies and procedures, and effectively communicates the results of audit work to Bank and Audit management.

Key Result Areas:

Operations Auditing and Audit Reports

• Implements the audit strategy, performance objectives, operational plan, policies and procedures
• Assists in setting an annual, quarterly, and monthly audit plan and auditing program based on the organization’s business plan and priorities
• Conducts annual, quarterly, and monthly audits according to set plan and schedules
• Exercises superior judgement when evaluating the business impact and significance of auditfindings, identifying mitigating controls and other factors and assessing whether residual risks are consistent with risk tolerance and prudent risk management
• Draft audit reports and recommendations to improve control processes to executive management that clearly present audit results while considering the business context
• Develops valuable and trusting relationships with internal business partners by executingefficient audit work and offering suggestions to enhance risk management based on an enterprise wide view of technology risk management
• Develops tools and processes to enhance effectiveness and efficiency of audit activities
• Leads and collaborates with other audit team members to complete integrated audits
• Offers value-added recommendations to management regarding internal controls
• Communicates plans for and results of audit work to Head of Internal Audit
• Performs timely follow-up of outstanding observations and evaluates the adequacy of corrective action taken to improve conditions
• Audits the business operations and financial transactions, ensures that all accounts are booked in accordance with the approved system of accounts, and points out transactions that are not within its power or are contrary to the banking regulations and organization’s policies and procedures for the attention of the Internal Auditor
• Prepares and submits quarterly and annual comprehensive audit reports for operations on major accounts including bank reconciliation statement
• Verifies accuracy of the financial statements by performing analysis of accounts to ensure thereliability of the financial and statistical data pointing  out appropriate corrective actions to existing deficiencies
• Any other duties assigned by Supervisor

Requirements

Minimum Qualifications and Experience:

• University degree in commerce or business administration, with the accounting or finance option or any Business -related course
• Must have completed a professional course or a level 3 of CPA(U), ACCA or CIA
• Must have at least five years’ experience in audit two of which should be at Supervisory level
• Experience in auditing micro finance institutions or in a similar environment is an added advantage
• Skills related to auditing, fraud investigation, evaluation and review of documents, and writing and preparing audit reports
• Knowledge of the analytical tools and audit software is an added advantage

Banking Compliance Regulations and Legal Legislation:

• Advanced knowledge of related statutory and regulatory banking compliance regulations, accounting principles, and tax laws
• Knowledge of the General Banking or Financial Services Act, banking laws and regulations, and local employment and labour laws
• Knowledge of the lending, banking and transformation products policies and procedures
• Knowledge and experience in internal and external control policies and procedures including credit and risk management, default management, finance, MIS, IT, payroll, HR related employment policies and regulations, unsecured staff advances, investment, and purchasing, leasing and acquisition of real property

Planning and Performance Management:

• Ability to develop internal control policies and procedures
• Ability to deliver business goals
• Ability to monitor and assess achievements against performance targets, quality standards and services agreements that aligns with business plan
• Excellent organization, delegation, work, and time management skills
• Ability to work under pressure and with no supervision at all while performing duties

Reporting and Communication Skills

• Advanced skills related to the consolidation, preparation, and submission of regulatory, statutory and audit reports
• Excellent oral and written communication skills with the ability to apply common sense tocarry out instructions and instruct others, interpret documents, understand procedures, writereports and correspondence, and speak clearly to third parties and employees

Interpersonal Skills:

• Self-motivated team player with the ability to adapt and work co-operatively and effectively in different situations and teams to carry out assigned task
• Ability to build and maintain effective relationships with individuals and team as a whole
• Ability to motivate others by personal role modelling, professional credibility, and trust
• Ability to deal with complex problems involving multiple facets and variables in non-standardized situations
• Ability to work co-operatively and effectively in different situations and teams to carry outassigned task

Interested candidates should send their signed application letters together with their curriculum vitae and academic documents not later than Tuesday 22nd October 2024 to recruitment@opportunitybank.co.ug