Audit Manager at Bank of Africa Kenya Limited

Job Purpose

• Participate in the establishment and achievement of the Annual Audit Plan and follow up the recommendations issued.
• Contribute actively to provide an assurance on the degree of risk management within the audited activities

Responsibilities and Accountabilities

Financial pillars contribution

• Recommend improvements to the processes leading to efficiency/cost saving, and mitigation against revenue leakage.

Customer satisfaction

• Designate teams and monitor the progress of the mission various phases.
• Follow up the recommendations on carried out missions.
• Hold briefing sessions with the audit staff.

Internal Processes/Projects

• Review reports and recommendations of carried audits.
• Ensure the compliance with Internal Audit requirements (Executive Management Requirements;
• International Auditing Standards Requirements, Legal and Regulatory Requirements)
• Ensure compliance with procedures, rules and devices implemented.
• Update Documentation Process (Work Programs - Checks List – Working Papers).
• Carry out activities in accordance with the Ethics Code of the Internal Audit Department.
• Ensure research and collect relevant information and data relating to audited areas.
• Report on work and progress status of the missions to Head of Internal Audit
• Define, develop, and harmonize methodological tools needed to carry out audits.
• Ensure audits achievement in accordance with International Standards for the Professional Practice of Internal Auditing

Learning & Growth

• Ensure continuous optimization of the Audit organization and skills development of the team.
• Develop a training schedule for the Audit staff and follow up its implementation.

Annual Key Performance Indicators (at least 5)

• Cost recovery/ savings/ efficiency of KES 10Mn.
• Management (Audit Clients) satisfaction (Average of 2).
• Timeliness completeness of Audit Missions within allocated time
• Review of reports , programs, work plans for HOA final review
• Five (Fifteen) assurance engagements completed.
• 5 (Five) special engagements and strategic priority missions.
• 90 Percent (%) of recommendations implemented.
• Average of 40 professional training hours per auditor.
• Staff engagement through work life balance (average leave balance of 5 days)

Minimum Requirements

• Bachelor's Degree in Accounting, Finance, Economics or Business Administration
• Must be CPA(K)
• Eight (8) years audit experience work within financial sector with demonstrated leadership abilities/qualities.
• Undertaken technical Audits of Finance, credit, treasury, trade finance and any other large/Complex operations.

Competencies and Attributes

• Stakeholder Management: Able to identify the interests of various stakeholders, and champion positive engagements with them to achieve the coverage of approved annual audit plan.
• Professionalism, negotiation, and Communication skills: able to engage, persuade and convince stakeholders to get desired decisions, information, and output in line with the envisioned deliverables
• Independence and impartiality. Ability to work efficiently without external influence for independence reporting.
• Adaptability and listening ability. To quickly respond to emerging trends on the audit areas affecting the bank.
• Analytic skills. Ability to collect and analyse information, problem-solve, and make decisions.
• Teamwork: Assign work amongst different audit officers in the department for efficiency to cover the approved audit plan.

Relationships and working contacts

• Internal Stakeholders: All bank Entities.
• External Stakeholders: External Auditors