Head Internal Audit at Rigo Microfinance Bank Limited

Job Purpose

• The bank internal auditor performs various duties, tasks, and responsibilities in assisting senior management and the board of directors in ensuring improvement in the bank’s operations.
• 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 the economy and 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
• Perform special investigations; and carry out tests on the timeliness and reliability of the regulatory reporting.
• Undertaking internal audits to ensure the company meets its financial, operational and compliance objectives
• Supporting the development of an assurance planning reporting process
• Reporting on control deficiencies to management and making recommendations to mitigate risk and add value
• Challenging current processes across the company and identify opportunities for refinement
• Engaging remediation of identified issues through follow-up
• Playing an active role in the maintenance and review of policies and procedures, including ensuring they are up to date with all legislation and best practices
• Communicating with a variety of stakeholders across the company.
• Any Other Activity that ay protect the integrity of this banks policies, procedures, processes and controls.
• Any other Activity as may be assigned by this MD/CEO.