Chief Internal Auditor Job at Cairo bank Uganda

Chief Internal Auditor Job Post

Location: Jobs in Uganda 2023 – 2024

Work Hours: Full-time, 08 hours per day

Salary: UGX

Vacancies: 01

Deadline: June 18, 2024

Hiring Organization: Cairo Bank Uganda

Job Details:

Job Purpose: To provide independent, objective assurance and advice to enhance the organization’s operations by focusing on internal control systems, risk management framework, and governance.

Reports to: Chairman, Board Audit Committee

Department: Internal Audit Department

Key Responsibilities:

• Develop policies and procedures for the audit function to guide audit activities within the Bank.
• Create and update comprehensive annual audit plans to ensure risk-focused and value-added audits.
• Implement Audit Quality Assurance Improvement Programs to maintain high-quality audit services.
• Supervise audit staff to ensure timely implementation of audit plans and high-quality audit work.
• Advise the Board and Management on improving management controls and risk management.
• Provide assurance on financial performance, compliance, system security, and due diligence.
• Offer consulting services including internal control training and policy review.
• Certify statutory returns to the Bank of Uganda to ensure accuracy and avoid penalties.
• Train internal audit staff to ensure high-quality service delivery.
• Collaborate with Risk and Compliance Departments to identify key audit risks.
• Manage the internal audit budget and minimize departmental costs.
• Recommend measures to enhance cost containment, detect income leakage, and recover revenue.
• Evaluate and assure the Board that risk management, controls, and governance systems are functioning as intended.
• Conduct internal investigations and suggest measures to deter fraud.

Education:

• Bachelor’s degree from a recognized university and professional training relevant to the role. A Master’s degree is an added advantage.

Experience:

• Bachelor’s degree in finance, accounting, or any other business-related discipline.
• Professional qualifications such as ACCA, CPA, CIA.
• Full membership of the Institute of the Certified Public Accountants of Uganda (ICPAU).

Skills and Competencies:

• Minimum of 8 years working experience in an auditing firm or internal audit function, with at least 5 years at a managerial level.
• Thorough understanding of corporate governance, business and operational risk, and control processes in banks.
• Knowledge of auditing standards and audit procedures, including risk-driven audit planning techniques.
• Independent judgment with excellent analytical and problem-solving skills.
• Data analysis skills, strong communication abilities, and the capacity to prepare concise reports.
• Strong interpersonal skills and ability to interface at all organizational levels.
• Ability to balance the independence of the internal auditor’s role with collaborative work for organizational improvement.

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Application Procedure: Interested candidates should send their application letters along with their curriculum vitae to the Head of Human Resources at recruitment@cbu.co.ug.