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A Leading Commercial Bank in Kenya
Banking + 2 more
Description
Our client, a fast-growing bank in Kenya that operates on ethical, interest-free banking principles and is part of a major global financial group, is seeking to hire an Assistant Manager, Compliance Audit within their Internal Audit Department. Reporting to the Manager, Shared Services, this role is based in Nairobi and sits within a dynamic team supporting the bank’s strategic objectives
Job Purpose
(Brief summary of why the job exists)
The Assistant Manager, Compliance Audit, will support the Manager, Shared Services, in conducting comprehensive compliance and control audits across Compliance, Human Resources, Legal, and Corporate Governance functions. This position plays a pivotal role in assessing adherence to regulatory requirements, internal policies, and best practices, while identifying compliance risks and recommending improvements to enhance compliance, governance and operational efficiency. The role holder will also perform routine and non-routine internal audits, investigations, procedures/ policies review, project participation and other administrative assignments.
Assist the Manager in planning, executing compliance and control audits across Compliance, Human Resources, Legal, and Corporate Governance functions to ensure adherence to laws, regulations, policies and internal controls.
Performs a survey of functions and activities in assigned areas to determine the nature of operations, compliance requirements and the adequacy of the system of control to achieve the objectives of the audit assignment.
Prepares the audit plan and the audit work program for the assigned audit in line with department standards.
Evaluate the effectiveness of controls, compliance frameworks, and governance processes within the assigned areas.
Review documentation, processes, and practices to identify control gaps, compliance breaches, or operational risks.
Maintain audit working papers and documentation in accordance with internal audit standards and methodologies
Manage the individual audit assignments to ensure that professional standards are maintained and all assigned audit steps are executed within the approved time budget.
Make presentations to the management during and after the audit, to discuss observations and recommend corrective action to improve compliance.
Prepare detailed audit reports outlining findings, risks, and recommendations for management action
Maintain a positive relationship with key stakeholders.
Provides input for the revision of audit programs/review approach to achieve specific objectives in a more effective/efficient manner.
Follow up with the auditee to get an update on the audit action plan and appraise the adequacy of corrective actions taken to mitigate the risks.
Cultivate a culture of learning and development; seek coaching and mentoring from supervisors to enhance their skills and capabilities.
Ensure all assigned tasks and projects are executed within the approved policies, procedures and SLAs of the department.
Stay current with regulatory changes, industry trends, and best practices related to compliance, HR, Legal, and corporate governance.
Assist in training and raising awareness on compliance and governance issues across the bank.
Leverage technology solutions, including AI, to enhance IA’s efficiency and effectiveness.
All the above accountabilities include but are not limited to any additional/new tasks or responsibilities assigned by the line Manager.
Dimensions / Context (scope of the job – responsibility for managing)
Financial - Impact on department budget, reduction/zero penalties related to non-compliance with applicable regulations, enhanced corporate governance posture.
Non-Financial – To manage internal audit assignments and ensure that engagements are performed in a systematic, disciplined manner and with due professional care and efficiency within a defined time frame.
Job Complexity/Judgment
Ability to plan and execute the engagements to achieve the audit objectives.
Ability to perform engagements in a systematic, disciplined manner and with due professional care and efficiency within a defined time frame.
Ability to liaise with auditees and advise on corrective action.
Ability to review and analyse the results arising from assignment planning, testing performed and identifying the cause of system failures, potential effects and the action necessary to remedy situations.
Ability to handle multiple priorities, work independently, and meet deadlines.
Key Relationship (Internal & External)
Internal interactions
Within the Department- Manager, Shared Services Audit, Head of Audit, and Other Audit Team members.
Within the Bank- Staff and Supervisory/Middle management of Audited units
External interactions: External Auditors & Group Internal Auditors, etc.
Job Specification
Education
Bachelor’s degree in Law, Accounting, Finance, Business Administration, or a related field + Professional Certificates such as CPS/CPA/CIA or compliance-related qualifications are preferred.
Training/ Skills
Proficient in MS Office and audit management software.
Work Experience
Minimum 3-5 years of experience in internal audit, compliance, risk management, or related roles within banking or financial services
Competencies
Behavioural: Excellent analytical, investigative and report-writing skills. excellent communication and interpersonal skills to interact with various stakeholders, Customer Focus and Assertiveness.
Core technical (knowledge and skills): Sound knowledge of Kenyan banking regulations, labor laws, corporate governance frameworks, and compliance standards.
Sharia: Fundamentals of Islamic Banking, Islamic Financing Banking Products
Organization Reporting Relationship
Reporting to: Manager, Shared Services Audit
Subordinates: NIL
Other positions in the same unit: None
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