Section/Department: HEAD OFFICE
Reports to: The Audit committee of the Board

Responsibilities

• Responsible for the Audit in the department subordinate employees in the auditing department. This includes training employees; planning, assigning, and directing work;
• Liaises with: Heads of other units as ICT, Risk and Credit compliances and Branch Manager to develop best practices for successful banking operations
• Demonstrate Evidence of participation in implementation of the Strategic Plan of AgRB.

Basic Functions

• Responsible for the overall internal audit program for the bank, and operating independently of other departments.
• Administers the Audit Policy, and coordinates the activities of the bank’s external auditors.
• Perform other related duties as required to meet ongoing needs of the bank.
• Set up Audit desk in all branches/agencies.
• Scope And Duties And Responsibilities

Administration

• Develops and implements internal auditing policies, procedures, and programs.
• Reviews of accounting procedures.
• Advises top management and the Audit Committee of the Board on audit and internal control matters
• Investigates and determines causes of irregularities and errors.
• Verifies the existence of assets and recommends proper safeguards for their protection:
• Follow-up on issues raised to ensure management progress actions within the agreed time scales.
• Provides an independent challenge to the business view of risk as per the Bank’s policies.
• Recommends corrective action and suggest improvement.
• Supervises or conducts independent audits of bank records and activities, and prepares variance analyses of the departments and branches for management/ Board.
• Discusses the findings of audit reviews with management on a constructive basis in order to develop the most appropriate, proportionate solutions to issues arising.
• Investigates reported occurrences of fraud, embezzlement, theft, waste, etc.

Quality Management

• Evaluates the adequacy of the system of internal controls.
• Recommend improvements in controls;
• Supervises, conducts, and reports on the testing and adequacy of the Bank’s internal controls over financial reporting.
• To report the results of audit reviews, including management responses and proposed action plans, to the Board.
• Surveys functions and activities in assigned areas to determine the nature of operations and the adequacy of the system of control to achieve established objectives.
• Applies a risk-based approach to the review of the systems and controls of the Bank through the development of an annual programme of audit review work.
• Effective implementation of audit and regulatory reports
• Professional Development of Management and Staff
• Promotes the training of subordinates in the Audit department.

Research

• Initiates and directs relevant evaluative research activities in AgRB.
• Contributes to progress of AgRB concerning development or revision of existing policies, procedures and practices, basing all recommendations on evidence.

Management Skills

• Accountable for the development and coordination of the Bank’s internal auditing activities.
• Assess compliance with regulatory requirements and contractual obligations
• Assess compliance with policies and procedures and sound business practices;
• Review operations/programs to ascertain whether results are consistent with established objectives and whether the operations/programs are being carried out as planned;
• Perform ad hoc investigations and reviews at the request of the Audit Committee

Miscellaneous

• The Internal Auditor performs any other professional duties as may be assigned.

Required Skills or Experience

Educational Qualifications

• Must be a holder of Bachelor or Masters (Preferred) degree in Banking and Finance or related field from an accredited University.

Professional Experience

• Minimum of five (5) years’ experience post-higher degree in practice in Auditing,
• Auditing skills and a presence that command the respect of peers, with mature auditing judgment and the capacity to provide professional leadership.
• Auditing experience to be able to set up and supervise agencies/branches with the over-sight from head office operations.
• Proven capacity to effectively accomplish and excel expectations in respect of the duties described herein.

Specialized Knowledge

• Adequate command of English for effective development of reports and their meaningful communication to all concerned.
• Comprehensive knowledge of policies and procedures and Government laws and regulations on Auditing including a thorough knowledge of conflict of interest and related ethics.
• Ability to adapt effectively to unexpected situations in AgRB.

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