Uganda Red Cross Society

Non-profit + 1 more

Director Internal Audit, Compliance and Risk Management

Job details

Contract Type

Description

Qualifications

  • Minimum of Master’s Degree in Accounting, Commerce, Finance, Economics or other related field from an approved, recognized and reputable university.
  • Full professional Membership of a recognized Accounting body e.g. CIA, CISA, CRMA, ACCA, CPA, CA and CIMA is MUST.
  • Membership and affiliation in professional bodies like Institute of Internal Auditors and Global Association of Risk Professionals.
  • Minimum of Ten (10) years’ professional experience in Audit or Finance; five (5) of the years with managerial responsibilities in Audit, Compliance & Risk Management.
  • Experience in using Financial Management Information Systems (NAVISON accounting package is an added advantage).
Responsibilities
  • Understands and shares URCS Vision, Mission & Values with Management Team and ensure understanding by subordinates and external stakeholders.
  • Participate in the development of URCS’ strategic and annual business plans, identifying key risk areas and developing the URCS Annual audit plan in line with critical risks identified.
  • Develop, review and operationalize the audit charter and Manuals for the effective running of an internal audit function;
  • Develop the Key strategic milestones and ensure that the Business is leveraged to achieve the shareholder’s objectives managing the related risks effectively.
  • Participate in the business planning, budgeting and review process ensuring that risk management is properly embedded in the process.
  • Understand the business and ensure that its legal and corporate structure is intact at all times and related risks management to the acceptable levels
  • Understand the stakeholders’ financial interests in URCS and ensure they are supported.
  • Understands the organization’s financial objectives and put in place Audit systems and procedures to protect its interests.
  • Understands the business measures of success as perceived by the shareholders and integrate these measures in the Audit process.
  • Ensure that the Internal Auditing, compliance and Risk Management function is undertaken in the most cost effective manner and that all work processes are undertaken within budget.
  • Highlight all risks that might affect the organization’s ability to achieve its objectives in a timely manner.
  • Recommend initiatives from the audit, compliance and risk management processes to ensure that the financial objectives of the organization are met.
  • Apply best practice standards to the audit process.
  • Facilitate development of an appropriate risk strategy and appetite of the organization.
  • Lead the annual risk assessment and planning process to develop the risk-based audit plan and ensure the plan is responsive to and aligned with the risk profile of the Company.
  • Proactively inform senior management of significant risks or exposures related to internal controls, compliance, and/or governance requiring prompt attention.
  • Facilitate continuous identification and periodic assessment of business risks in the operating environment and update the risk registers.


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