Internal Audit and Control Officer at Mkobo Microfinance Bank Limited (Mkobobank)

Description

• The Internal Audit and Control Officer is responsible for conducting audits, verifying financial transactions, and ensuring compliance with regulatory standards within the microfinance bank; carry out daily call over of transactions across the units/process, identifying discrepancies, assessing risks, and ensuring the integrity of financial reporting and operations.

Responsibilities

• Oversee and verify the accuracy of all financial transactions and records through the call over process
• Ensure all audit and control reports are accurately documented and accessible for future reference or regulatory audits.
• Ensuring transaction logs and records are cross-checked with the supporting documents.
• Evaluate and test the effectiveness of internal controls over financial reporting, loan processing, cash handling, and other critical operations.
• Investigate any irregularities, fraudulent activities, or policy violations, documenting findings and recommending corrective actions.
• Identify and assess risks related to fraud, financial misstatements, and operational inefficiencies through detailed audits and transaction verifications
• Verify and validate daily, weekly, and monthly transactions, including loan disbursements, deposits, withdrawals, and other financial activities.

Requirements

• Bachelor's Degree in Accounting/Finance from a reputable University
• At least 2-3 years of experience in internal auditing, financial verification, or accounting, preferably in the banking or microfinance sector.
• Proven knowledge of auditing standards and procedures, laws, rules and regulations.
• A member of ICAN/ACCA/CIA, CIBN/ MCP is an advantage.
• Solid knowledge of banking operations, microfinance regulations, and financial management practices.