Internal Audit Risk and Compliance Manager

This role is responsible for championing the review of the strategic plan, preparing a risk-based annual audit plan, and executing audit assignments. The manager will also perform consulting engagements, track audit recommendations, and conduct annual risk assessments. Additionally, the role involves ensuring compliance with regulatory frameworks, liaising with external auditors, and promoting corporate governance.

• Champion the review of the strategic plan.
• Prepare a risk-based annual audit plan for the Sacco.
• Execute the audit assignments planned for in the annual plan based on the adopted methodology and report to Management and the Supervisory/Audit Committees.
• Perform consulting engagements requested by management to ensure improved risk management and improve the organization's operations without compromising the objectivity of Internal Audit.
• Track and monitor for closure all audit recommendations to ensure identified control gaps are promptly addressed.
• Review implemented management actions for relevance, efficiency and effectiveness in addressing the identified control gaps and raise to management any emerging risks for timely resolution.
• Periodically report to management on the progress of closure of audit recommendations and any emerging risks from implementation of the agreed actions.
• Conduct annual risk assessment of all the Sacco's operations.
• Maintain an updated operational risk register for the Sacco.
• Perform risk assessments for all new products of the Sacco and ensure critical risks are closed before launch.
• Champion risk awareness and integration of risk considerations in all the Sacco's initiatives and process designs.
• Review all the Sacco's policies and procedures to determine consistency, adequacy of purpose and compliance with the statutory regulations.
• Audit and report on compliance with the relevant regulatory framework, including tax and SASRA requirements.
• Monitor, evaluate and report on implementation of regulatory compliance programs.
• Ensure compliance with statutory deductions and remittances within the stipulated timelines.
• Liaise with external auditors to ensure timely and effective statutory audits.
• Monitor, evaluate and report on implementation of statutory management letter recommendations.
• Ensure internal audit is properly understood and supported by staff and the Board.
• Communicate the internal audit activity's plans and resource requirements to the Sacco Management for review and approval.
• Promote the Sacco's corporate governance to facilitate effective and prudent management that can deliver the long-term success of the company.
• Ensure efficient flow of information to and from members and other stakeholders as and when required.
• Ensure member and stakeholder queries relating to audit, risk and compliance matters are directed to the relevant officers and that feedback is promptly given.
• Uphold the Sacco's reputation in all engagements with members and stakeholders.
• Promote an environment founded on Qona Sacco values of customer focus, integrity, reliability and innovation.
• Act as an advocate for Qona Sacco in all dealings with members, staff and the public, maintaining professional standards of presentation and conduct.

• Advanced knowledge in Microsoft Office packages MS Word, Excel, etc. and good knowledge of core banking systems
• Interpersonal/formal communication oral and written skills.
• Leadership and managerial skills.
• Planning and organizing skills / quality orientation.
• Relationship building skills.
• Ability to work under minimum supervision.
• Ability to review data, identify and adjust discrepancies.
• Ability to handle a large volume of work, possibly under time constraints.
• Good knowledge of administrative rules and regulations.
• Ability to organize and complete multiple tasks by establishing priorities.
• Bachelor's degree in accounting or finance; an MBA is an added advantage.
• ICPAK membership and CISA/CIA certification.
• A minimum of eight 8 years' working experience, five 5 of which must be in a similar position, preferably within the cooperative movement.
• Must have financial services background.
• NO SACCO candidates Investment banks and commercial banks candidates are ONLY eligible to apply