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Head of Internal Audit – Cairo International Bank Limited (CIB)
Job Title: Head of Internal Audit
Organisation: Cairo International Bank Limited (CIB)
Duty Station: Kampala, Uganda
Reports to: Board Audit Committee
About US:
Cairo International Bank Limited is a
Commercial Bank operating in Uganda since 1995, and regulated by the Central
Bank of Uganda. CIB mission is to provide a full range of Customer focused
services and products to a target group of the country-based corporate
customers, and capitalize on the bank’s large capacity for increased lending.
Commercial Bank operating in Uganda since 1995, and regulated by the Central
Bank of Uganda. CIB mission is to provide a full range of Customer focused
services and products to a target group of the country-based corporate
customers, and capitalize on the bank’s large capacity for increased lending.
Job Summary: The Head of Internal Audit will support
the Bank’s Board Audit Committee and Senior Management through the provision of
internal control oversight of risk management in line with the strategic Audit
plan, schedule, standards and corporate policies and procedures. The incumbent will
provide day-to-day support, guidance and mentorship in all aspects of Internal
Audit including related applicable laws to the management and staff of Cairo
International Bank Limited.
the Bank’s Board Audit Committee and Senior Management through the provision of
internal control oversight of risk management in line with the strategic Audit
plan, schedule, standards and corporate policies and procedures. The incumbent will
provide day-to-day support, guidance and mentorship in all aspects of Internal
Audit including related applicable laws to the management and staff of Cairo
International Bank Limited.
Key Duties and Responsibilities:
·
In
charge of developing, documenting, implementing, testing and maintaining a
comprehensive audit plan to provide audit coverage for the bank.
In
charge of developing, documenting, implementing, testing and maintaining a
comprehensive audit plan to provide audit coverage for the bank.
·
Executes
annual audit plan, including financial budget, coordinating efforts with
external auditors to avoid unnecessary costs and duplication of efforts.
Executes
annual audit plan, including financial budget, coordinating efforts with
external auditors to avoid unnecessary costs and duplication of efforts.
·
Ensures
primary audit focus is to determine the effectiveness of internal controls and
the degree of compliance with policies. Secondary objectives include reviewing
operating efficiency, measuring attainment of objectives, and making
recommendations for cost reduction and earnings improvement.
Ensures
primary audit focus is to determine the effectiveness of internal controls and
the degree of compliance with policies. Secondary objectives include reviewing
operating efficiency, measuring attainment of objectives, and making
recommendations for cost reduction and earnings improvement.
·
Regularly
reviews modified or new systems prior to implementation to ensure any internal
control deficiencies that might occur can be corrected at a time when it is practical
to make system changes.
Regularly
reviews modified or new systems prior to implementation to ensure any internal
control deficiencies that might occur can be corrected at a time when it is practical
to make system changes.
·
Ensures
sufficient, competent documentation is required to evidence audit work
performed and conclusions drawn.
Ensures
sufficient, competent documentation is required to evidence audit work
performed and conclusions drawn.
·
In
charge of preparing and submitting reports to management after audits are
completed, obtain responses from management, and review responses prior to
submitting to the Managing Director and the Audit Committee of Board of
Directors before presentation.
In
charge of preparing and submitting reports to management after audits are
completed, obtain responses from management, and review responses prior to
submitting to the Managing Director and the Audit Committee of Board of
Directors before presentation.
·
Informs
the MD and Board Audit Committee of audit activities and material audit
findings through routinely scheduled reports and/or meetings, as required.
Informs
the MD and Board Audit Committee of audit activities and material audit
findings through routinely scheduled reports and/or meetings, as required.
·
Oversees
the audit function independently of management, however, in keeping with the
bank’s current organization chart, functionally reporting to the Audit
Committee of the Board of Directors, and report issues to the Managing Director
for immediate action.
Oversees
the audit function independently of management, however, in keeping with the
bank’s current organization chart, functionally reporting to the Audit
Committee of the Board of Directors, and report issues to the Managing Director
for immediate action.
·
Maintains
and develops a professional audit staff, requiring highly qualified candidates
from recruitment authorities in the bank, obtaining through the bank’s training
authorities effective training programs, and practicing job rotation.
Maintains
and develops a professional audit staff, requiring highly qualified candidates
from recruitment authorities in the bank, obtaining through the bank’s training
authorities effective training programs, and practicing job rotation.
·
Establishes
standards of performance of audit staff and, by review, determines that
performance meets standards.
Establishes
standards of performance of audit staff and, by review, determines that
performance meets standards.
·
Establishes
and maintains professional ties in related professional groups.
Establishes
and maintains professional ties in related professional groups.
·
Supervises
fieldwork to ensure quality audits and at the same time meets with branch staff
to enhance the audit image.
Supervises
fieldwork to ensure quality audits and at the same time meets with branch staff
to enhance the audit image.
·
Routinely
examine financial transactions for accuracy and compliance with the financial
institutions act and the bank internal policies and procedures.
Routinely
examine financial transactions for accuracy and compliance with the financial
institutions act and the bank internal policies and procedures.
·
Perform
any other professional duties as may be required from time to time.
Perform
any other professional duties as may be required from time to time.
Qualifications, Skills and
Experience:
Experience:
·
The
ideal candidate should hold a relevant degree, with specialty in accounting and
must be a member of a recognized professional body of ACCA/ICPAU/IIA/CISA or
any other Accounting Professional body.
The
ideal candidate should hold a relevant degree, with specialty in accounting and
must be a member of a recognized professional body of ACCA/ICPAU/IIA/CISA or
any other Accounting Professional body.
·
The
applicant must be an experienced auditor, either from within the banking or
outside of banking, knowledgeable in audit techniques, standards, and computer
processing.
The
applicant must be an experienced auditor, either from within the banking or
outside of banking, knowledgeable in audit techniques, standards, and computer
processing.
·
Excellent
communication skills, both written and oral, with demonstrated managerial,
organizational, and analytical skills. Incumbent must be an independent
thinker, capable of forming sound conclusions and recommendations.
Excellent
communication skills, both written and oral, with demonstrated managerial,
organizational, and analytical skills. Incumbent must be an independent
thinker, capable of forming sound conclusions and recommendations.
·
Computer
literacy skills i.e. Basic Word processing and Spreadsheet skills, and
demonstrate an understanding for their relevance and applicability to the
internal audit function.
Computer
literacy skills i.e. Basic Word processing and Spreadsheet skills, and
demonstrate an understanding for their relevance and applicability to the
internal audit function.
How to Apply:
All suitably qualified and interested
candidates should send their application letters, updated C.V and photocopies
of academic certificates indicating at least three professional referees with
their telephone contacts and emails addressed to;
candidates should send their application letters, updated C.V and photocopies
of academic certificates indicating at least three professional referees with
their telephone contacts and emails addressed to;
The Chairman, Board Audit Committee, Cairo
International Bank Limited, Plot 30, Kampala Road, P. O. Box 7052, Kampala.
Uganda.
International Bank Limited, Plot 30, Kampala Road, P. O. Box 7052, Kampala.
Uganda.
Deadline: 10th July 2015 by 5.00pm
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