Director - Internal Audit And Risk Assurance - ACA 2

Person Specifications

For appointment to this position, the person must have: -

• A Masters degree in Social Sciences, Business Administration or its equivalent from a recognized institution;
  
• A Bachelors degree in Social Science, Business Administration or its equivalent from a recognized institution;
  
• Professional qualification and membership to a professional body where applicable;
  
• A minimum period of twelve (12) years’ cumulative work experience;
  
• At least six (6) years relevant work experience in management;
  
• Proficiency in computer applications; and
  
• Fulfil the requirements of Chapter Six (6) of the Constitution.
  

Person Specifications

For appointment to this position, the person must have: -

• A Masters degree in Social Sciences, Business Administration or its equivalent from a recognized institution;
  
• A Bachelors degree in Social Science, Business Administration or its equivalent from a recognized institution;
  
• Professional qualification and membership to a professional body where applicable;
  
• A minimum period of twelve (12) years’ cumulative work experience;
  
• At least six (6) years relevant work experience in management;
  
• Proficiency in computer applications; and
  
• Fulfil the requirements of Chapter Six (6) of the Constitution.
  

The Director, Internal Audit and Risk assurance is responsible to the Audit & Risk Committee functionally and administratively to the Executive Director for: -

• Managing the core functions of the Internal Audit and Risk Department
  
• Coordinating implementation of the vision, mission, set goals and objectives of the Authority;
  
• Coordinating the preparation of respective board papers;
  
• Oversees the development and continuous review and assessment of the internal audit and corporate risk management strategies, policies, guidelines, procedures and frameworks;
  
• Coordinates the development and implementation of a flexible risk based annual internal audit plan using risk-based support models and methodologies;
  
• Provides leadership in the establishment and implementation of an integrated internal audit system in accordance with Sec 73 of the Public Finance Management Act 2012 and International Auditing Standards;
  
• Monitors the efficiency of operations within the organization and ensures that all Authority’s resources are utilized prudently and optimally;
  
• Provides oversight of other controls and monitoring functions related to risk management, compliance, security, ethics, and environmental issues;
  
• Coordinates audit reviews of the effectiveness of risk management process and the adequacy of internal controls in the Authority;
  
• Advises the management on organizational changes through formulation of new policies and procedures emanating from audit engagements;
  
• Oversees audit programs and testing procedures to ensure appropriateness for the areas in scope to conform to regulation, policies, departmental procedures, and professional standards;
  
• Oversees performance of scheduled, ad hoc audit investigations and forensic audits as may be required and submits reports of findings to the Audit and Risk Committee of the Board;
  
• Coordinates follow-up audits to ensure implementation of audit recommendations;
  
• Oversees divisional capacity building by organizing periodic training workshops to promote awareness of governance, risk management, and internal controls among the Authority’s stakeholders;
  
• Coordinates the development and implementation of fraud and unethical behavior prevention programs driven by risk-based support;
  
• Oversees the preparation of annual and performance reports in regards to Risk and Audit;
  
• Oversees the preparation of Risk and Audit reports to the Authority’s Management and to the Board Risk and Audit committee;
  
• Coordinates performance of special analyses and reviews, including compliance, instances of alleged fraud and unethical misconduct by the employees of the Authority; and
  
• Coordinates the reviewing of reports on the accuracy, timeliness and relevance of the financial and other organizational information that is provided for management.