Job Description
JOB REFERENCE: ACA/DIA/2 (1 post) ONE-YEAR CONTRACT (Basic salary range Kshs. 180,093 –Kshs. 331,013)
Job Specification
The Director, Internal Audit and Risk assurance is responsible to the Audit & Risk Committee functionally and administratively to the Executive Director for: -
a. Managing the core functions of the Internal Audit and Risk Directorate
b. Coordinating implementation of the vision, mission, set goals and objectives of the Authority;
c. Coordinating the preparation of respective board papers;
d. Oversees the development and continuous review and assessment of the internal audit and corporate risk management strategies, policies, guidelines, procedures and frameworks;
e. Coordinates the development and implementation of a flexible risk based annual internal audit plan using risk-based support models and methodologies;
f. Provides leadership in the establishment and implementation of an integrated internal audit system in accordance with Sec 73 of the Public Finance Management Act 2012 and International Auditing Standards;
g. Monitors the efficiency of operations within the organization and ensures that all Authority’s resources are utilized prudently and optimally;
h. Provides oversight of other controls and monitoring functions related to risk management, compliance, security, ethics, and environmental issues;
i. Coordinates audit reviews of the effectiveness of risk management process and the adequacy of internal controls in the Authority;
j. Advises the management on organizational changes through formulation of new policies and procedures emanating from audit engagements;
k. Oversees audit programs and testing procedures to ensure appropriateness for the areas in scope to conform to regulation, policies, departmental procedures, and professional standards;
l. Oversees performance of scheduled, ad hoc audit investigations and forensic audits as may be required and submits reports of findings to the Audit and Risk Committee of the Board;
m. Coordinates follow-up audits to ensure implementation of audit recommendations;
n. Oversees divisional capacity building by organizing periodic training workshops to promote awareness of governance, risk management, and internal controls among the Authority’s stakeholders;
o. Coordinates the development and implementation of fraud and unethical behavior prevention programs driven by risk-based support;
p. Oversees the preparation of annual and performance reports in regards to Risk and Audit;
q. Oversees the preparation of Risk and Audit reports to the Authority’s Management and to the Board Risk and Audit committee;
r. Coordinates performance of special analyses and reviews, including compliance, instances of alleged fraud and unethical misconduct by the employees of the Authority; and
s. Coordinates the reviewing of reports on the accuracy, timeliness and relevance of the financial and other organizational information that is provided for management.
Person Specifications
For appointment to the position of Director, Internal Audit and Risk Assurance, a person must have: -
a. A Master’s degree in Social Sciences, Business Administration or its equivalent from a recognized institution;
b. A Bachelor’s degree in Social Science, Business Administration or its equivalent from a recognized institution;
c. Professional qualification and membership to a professional body where applicable;
d. A minimum period of twelve (12) years’ cumulative work experience;
e. At least six (6) years relevant work experience in management;
f. Proficiency in computer applications; and
g. Fulfil the requirements of Chapter Six (6) of the Constitution