Sacco Internal Auditor job at Co-operative Bank of Kenya

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Job Detail

  • Job ID 1006882
  • Career Level Others
  • Experience 2 Years
  • Industry Finance
  • Qualifications Degree Bachelor

Job Description

Main Duties and Responsibilities
• Develop the SACCO’s overall audit strategy, policies, procedures and programs to minimize current and future exposure to financial, operational or other business risks.
• Plan and monitor auditing of all functions to ensure compliance with the SACCO‘s policies, procedures and statutory requirements.
• Participate in the development and implementation of the Strategic plan.
• Maintain an audit risk profile for the SACCO and propose an annual programme of audit activities in conjunction with the relevant departmental heads.
• Undertake specific independent audit assurance e.g. post implementation reviews and major proposals. And any special investigations assigned by the CEO and/ or SACCO Board.
• Ensure that all instances of significant risk or lack of controls are properly identified, all findings are factual, risk focused, and the agreed actions are clear/understandable and practical.
• Make recommendations and contribute to the development of solutions to improve the internal control and operational environment based on the audit findings.
• Ensure audit clients provide action plans to address the control weakness for each issue raised in the audit report with timelines for implementation and clear ownership of action.
• Update the monthly report with the progress on implementation of high-risk audit actions and follow up with the audit client to drive quick resolution of the high-risk control weaknesses.
• Prepare report for management reporting on the progress of audit activity and tracking of action plans from audit clients.
• Quarterly audit reports to Management (thru’ the CEO) and to Risk and Audit Committee.
• Assist the board with governance of the Sacco by advising on the direction in various issues.
• Ensure that the internal audit activity maintains its independence and objectivity.
• Liaison with Supervisory committee and external auditors.

Required skills

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