Head of Internal Audit

roomDar es Salaam

business_centerFull Time

book Direct Reports

bookmark Head of Department

directions_carDriving License Not Required

flagOnly Open to Tanzanian Nationals

access_timeExpiring in 7 Days

businessBanking

Audit

Summary

Responsible for performing objective, independent, and reliable assessments of the effectiveness of a bank’s risk management activities, its compliance with applicable regulations, and its internal control-environment

Responsibilities

  • Examine and evaluate the effectiveness and adequacy of the internal control systems.
  • Perform review of the effectiveness and application of risk assessment methodologies and risk management procedures.
  • Review financial and management information systems, including the electronic banking services and electronic information system
  • Review financial reports and accounting records for accuracy and reliability.
  • Perform review of means, techniques, or methods of safeguarding assets
  • Perform review of system applied by the bank in evaluating its capital vs estimated risk
  • Perform evaluation of operational efficiency
  • Perform test on both the functioning of specific internal control procedures and transactions
  • Perform review on established systems for ensuring codes of conduct, compliance with regulatory and legal requirements, and the implementation of procedures and policies
  • Monitor and supervise administrative activities in IAD department to ensure adequate control and cost effectiveness in all activities including manpower and operational activities.
  • Spearhead and co-ordinate continuous improvements of operating systems, procedures and policies; thus reviewing, evaluating, investigating, and advising on appropriate systems and internal controls required in the respective departments for the smooth and prudent financial management and running of the Bank’s business.
  • Perform special investigations as may be required from time ti time.
  • Perform any other duties as may be required by the Chief Executive officer of Chairman of the Board Audit Committee

Education and Qualifications

  • University Degree in Commerce /Accountancy /Business Administration /Economics /Banking and Finance or equivalent
  • A  Master’s degree and Certification by Institute of internal Auditors (CIA) is an added advantage
  • Professional qualification in Fraud examination or related

Requirements

  • Professional qualifications in accounting such as CPA, ACCA.
  • Minimum of Eight (8) years’ of experience in Internal Audit, Three (3) of which in Managerial Position of a reputable Bank /financial Institution of Audit Firm

Reporting To

Board

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Certified Public Accountant / NBAA

Banking: 8 Years

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Audit: 8 Years

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