Head of Internal Audit


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Company Name CA Global Africa Recruitment
Location Dar es Salaam, Tanzania
Date Posted '20 May 2012'
Category Banking & Financial Services
Job Type Full-Time
Reference DLR
Remuneration Negotiable

Description

Introduction

To set up financial and operating procedures and internal controls and to manage and coordinate efforts in the administration of regional inspection and audit functions in the formulation, implementation and maintenance of those procedures for continuous improvement and in order to safeguard against waste, fraud and avoidable loss and to achieve efficient use and utilization of the Banks resources and assets.

Responsibilities

Managerial Activities

Under the direct supervision of the Country Manager & CEO the incumbent will be expected inter alia:

- To spearhead continuous improvements of operating systems and procedures, thus reviewing, evaluating, investigating, and advising the chairman of the board audit committee, Country Manager & CEO, other Senior Managers, Branch Managers on appropriate systems and internal controls required in the respective departments and for the smooth and prudent financial management and running of the Bank’s business.
- To develop and carry out regular reviews of appropriate procedures manuals for the various areas of operations as necessary
- As may be delegated, to prepare and present regularly Audit briefs to the chairperson and Board Audit Committee, Country Manager & CEO including a progress reports on any audit projects undertaken.
- To liaise with external auditors in the respective regions in the year-end audit and follow up on the implementation of their recommendations.
- To formulate and put in place an effective inspection and audit administrative policy guidelines, which will regulate and stream line all audit functions as they relate to cost control, procurement, standard procedures and systems for use within the region.
- To assist in developing and managing an effective Inspection and Audit functions that is motivated and well-trained staff for the effective performance of the audit team at DTBT.
- To devise and recommend an effective systems for control and management of audit functions especially as they relate to the Bank’s capital and recurrent expenditure.
- To undertake regular spot audit check and inspections of sensitive areas and investigate general or specific irregularities and to follow up promptly to ensure that corrective actions recommended by the BOT, internal /external auditors are implemented and that the interest of the Bank is not compromised through any irregularities that may lead to financial loss.
- To liaise with the Head of HR in the maintenance of good employee relations and employment practices to ensure high degree of morale and discipline at all times.
- To assist and to monitor and to supervise all administrative activities in the department to ensure adequate control and cost effectiveness in all activities such as manpower and operational activities.

Operational Activities

- To prepare and supervise the implementation of an internal inspection and audit program.
- To carry out assignments and investigations as may be directed by the Chairman of the board, Audit committees, Country Manager & CEO,or the Management from time to time as deemed appropriate.
- To carry out and / or supervise regular audits to ensure that the laid down procedures updated and adhered to.
- To investigate cases of irregularities fraud and to provide appropriate recommendations to management for current cases and to avoid recurrence
- To be part of the regional inspection and audit team and may be assigned any specific duties as may be deemed appropriate by management.
- To carry on other duties assigned from time to time.

Important relationships

- Job is both internally and externally focused, requiring that the individual be highly adaptable in terms of personal style and the development of business knowledge related to banking
- The job requires relationships be built across the organization at senior level
- The jobholder will develop and nurture an external network of relationships
- The jobholder will participate in the following forums: Product/Segment committee; - - New product development committee; Exco; Sales channel meetings
- The job requires external relationships be maintained with market research companies, marketing companies, press and associated PR communication channels
- Appropriate regional and cross country forums will require participation to ensure teambuilding and sharing of best practice across the organization.

Requirements

- A university degree B.Com Accounting plus an MBA Finance including a professional qualifications in accounting such as CPA, ACCA.
- Must be computer literate.
- Minimum of 10-15 years of practical audit experience in a commercial banking environment or a large organization at a senior level.
- A structured approach to dealing with complex and variable work environments in an independent manner.
- Ability to balance opposing business requirements.
- Ability to balance long term and short term requirements independently
- Strong evaluation, communication and reporting skills
- Able to provide advice and cause/effect evaluation to support business decision making
- Independent and logical thinker, yet an achiever and implementer
- Leads by example
- Good at managing large volumes of information and can add value through management reporting
- Builds relationships and networks easily
- Has a strong service ethic

Send your CV to Danelle at CA Global (danelle@caglobalint.com), or visit our website (www.banking-recruitment-jobs.com) for further information.