Background information about the job or company (e.g., role context, company overview)

The Agricultural Finance Corporation (AFC), a wholly owned Government Development Finance Institution (DFI), was established in 1963 initially as a subsidiary of the Land and Agricultural Bank. In 1969, it was incorporated as a full - fledged financial institution under the Agricultural Finance Corporation Act, Cap 323 of the laws of Kenya. It was t...

Job purpose:

The Chief Audit & Quality Assurance Officer leads the internal audit function of Agricultural Finance Corporation. This role oversees the development and execution of audit strategies, ensuring compliance with regulatory standards, and contributing to the continuous improvement of operational processes.

Responsibilities or duties:

Key Responsibilities:

• Provide executive leadership and strategic direction for enterprise governance, risk management, and internal audit
• Lead Board of Directors' audit and risk committee functions and coordinate board governance
• Develop and implement comprehensive enterprise governance frameworks aligned with international standards
• Coordinate with the Managing Director and executive management on strategic risk appetite and tolerance setting
• Lead regulatory relationships and coordinate compliance with Central Bank of Kenya and other regulatory requirements
• Develop strategic partnerships with international organizations on agricultural finance risk management
• Lead organizational transformation initiatives related to digital finance and agricultural innovation
• Coordinate with government ministries on policy development for agricultural finance sector
• Lead crisis management and business continuity oversight for the corporation
• Develop and implement comprehensive stakeholder communication strategies on risk and governance
• Coordinate executive succession planning and leadership development for audit and risk functions
• Lead strategic budget planning and resource allocation for comprehensive risk management
• Represent the corporation in international forums on agricultural finance and risk management
• Provide strategic counsel to the Managing Director and Board on emerging risks and opportunities in agricultural finance

Qualifications or requirements (e.g., education, skills):

Person Specifications:

For appointment to this position a candidate must have:

• Master’s Degree in the related field.
• Bachelor’s degree in accounting, Finance, or related field.
• CPA (K) or equivalent professional qualification from a recognized institution
• Professional certification in risk management will be an added advantage
• Membership to Institute of Certified Accountants of Kenya (ICPAK) in good standing;
• Membership to Institute of Internal Auditors (IIA).
• A valid practicing license/certificate
• A Leadership course lasting not less than four (4) weeks from a recognized institution.
• In-depth knowledge of internal audit methodologies, regulatory requirements, and industry best practices.
• Proficiency in computer applications; and
• Fulfills the requirements of Chapter Six of the constitution.

Key Competencies and Skills

• Leadership skills with the ability to support and collaborate effectively with a team of audit professionals.
• Communication, presentation and interpersonal skills.
• Analytical mindset and a strong understanding of risk management principles.
• Ability to maintain independence and objectivity while contributing to a positive working environment.
• Strategic planning and problem-solving
• Innovative and resource mobilization skills
• Familiarity with audit management software and tools.

Experience needed:

A least fifteen (15) years’ experience, three (3) of which must be in senior management level in internal audit, risk management, or a related field within the financial industry.

• Provide executive leadership and strategic direction for enterprise governance, risk management, and internal audit
• Lead Board of Directors' audit and risk committee functions and coordinate board governance
• Develop and implement comprehensive enterprise governance frameworks aligned with international standards
• Coordinate with the Managing Director and executive management on strategic risk appetite and tolerance setting
• Lead regulatory relationships and coordinate compliance with Central Bank of Kenya and other regulatory requirements
• Develop strategic partnerships with international organizations on agricultural finance risk management
• Lead organizational transformation initiatives related to digital finance and agricultural innovation
• Coordinate with government ministries on policy development for agricultural finance sector
• Lead crisis management and business continuity oversight for the corporation
• Develop and implement comprehensive stakeholder communication strategies on risk and governance
• Coordinate executive succession planning and leadership development for audit and risk functions
• Lead strategic budget planning and resource allocation for comprehensive risk management
• Represent the corporation in international forums on agricultural finance and risk management
• Provide strategic counsel to the Managing Director and Board on emerging risks and opportunities in agricultural finance

• Leadership skills with the ability to support and collaborate effectively with a team of audit professionals.
• Communication, presentation and interpersonal skills.
• Analytical mindset and a strong understanding of risk management principles.
• Ability to maintain independence and objectivity while contributing to a positive working environment.
• Strategic planning and problem-solving
• Innovative and resource mobilization skills
• Familiarity with audit management software and tools.

• Master’s Degree in the related field.
• Bachelor’s degree in accounting, Finance, or related field.
• CPA (K) or equivalent professional qualification from a recognized institution
• Professional certification in risk management will be an added advantage
• Membership to Institute of Certified Accountants of Kenya (ICPAK) in good standing;
• Membership to Institute of Internal Auditors (IIA).
• A valid practicing license/certificate
• A Leadership course lasting not less than four (4) weeks from a recognized institution.
• In-depth knowledge of internal audit methodologies, regulatory requirements, and industry best practices.
• Proficiency in computer applications; and
• Fulfills the requirements of Chapter Six of the constitution.