Job Purpose:

To provide independent, objective assurance and consulting services designed to add value and improve the Bank’s operations. The Internal Auditor will evaluate the effectiveness of risk management, control, and governance processes across business units, branches, and head office functions. The role supports the Bank’s transformation journey by ensuring strong internal control frameworks, compliance with policies and regulations, and operational efficiency across the expanding Corporate, Retail, MSME, and Digital Banking segments.

Key Responsibilities:

Audit Planning & Execution

• Participate in the development of the annual risk-based audit plan and execute assigned audits efficiently and in line with the plan.
• Conduct audits across all areas of the Bank, including branches, credit, treasury, digital channels, operations, finance, and IT.
• Prepare and maintain audit working papers and documentation in accordance with IIA Standards.
• Identify control gaps, process inefficiencies, and policy non-compliance, and recommend practical, value-adding improvements.

Risk Assessment and Control Evaluation

• Assess the adequacy and effectiveness of controls in mitigating key business risks.
• Evaluate the design and operation of internal control systems to ensure they support the Bank’s objectives.
• Support audits of transformation initiatives and new product rollouts to ensure control alignment with strategy.

Reporting

• Draft clear and concise audit reports summarizing findings, root causes, and recommendations.
• Discuss audit observations with management and agree on corrective actions.
• Follow up on implementation of audit recommendations and provide updates to the Audit Manager.

Compliance and Governance Support

• Ensure compliance with CBK Prudential Guidelines, AML/CFT regulations, and internal policies.
• Identify potential areas of fraud, non-compliance, or unethical conduct and escalate appropriately.
• Promote good governance, accountability, and ethical behavior across departments.

Continuous Improvement and Innovation

• Contribute to the adoption of data analytics, continuous auditing, and automation tools within Internal Audit.
• Identify emerging risks related to digital banking, cybersecurity, and regulatory changes.
• Participate in internal training and professional development initiatives to enhance audit competency.

Technical Competencies

• Audit Methodology: Strong knowledge of risk-based auditing and internal control evaluation techniques.
• Financial & Operational Auditing: Understanding of banking processes — loans, deposits, payments, and treasury operations.
• Regulatory Knowledge: Familiarity with CBK Prudential Guidelines, Basel principles, and AML/CFT compliance requirements.
• Data Analysis: Proficiency in Excel and basic knowledge of ACL, IDEA, or Power BI for analytical audit procedures.
• Governance & Risk Management: Understanding of COSO framework and the three lines of defense model.
• Digital & IT Awareness: Understanding of risks related to digital banking, fintech partnerships, and system migrations.
• Report Writing: Ability to prepare structured, evidence-based, and impactful audit reports.

Behavioral Competencies

• Integrity and Ethics: Upholds honesty, confidentiality, and professional objectivity at all times.
• Analytical Thinking: Applies logical reasoning and sound judgment to identify and evaluate risks.
• Attention to Detail: Ensures accuracy, completeness, and quality in audit work.
• Communication: Clearly presents audit findings, both in writing and verbally.
• Collaboration: Works effectively with other auditors and departments while maintaining independence.
• Adaptability: Thrives in a changing environment driven by digital transformation.
• Initiative: Demonstrates proactivity in identifying control issues and proposing solutions.
• Continuous Learning: Pursues professional development and stay abreast of emerging risks and technologies.

Academic & Professional Qualifications

• Bachelor’s degree in accounting, Finance, Business Administration, Economics, or related field.
• Master’s degree (MBA or MSc in Finance/Risk) is an added advantage.
• Professional Certifications (at least one mandatory):
• CPA (K), ACCA, or CIA – required
• Additional certifications such as CISA, CRMA, or CFE are advantageous.
• Membership in a recognized professional body (IIA, ICPAK, ISACA, or ACFE).

Experience Required

• Minimum 3–5 years of experience in Internal Audit, External Audit, Risk, or Assurance within a commercial bank or financial institution.
• Hands-on experience in branch operations, credit, or digital banking audits preferred.
• Demonstrated knowledge of banking systems, processes, and regulatory environment.
• Exposure to data analytics or IT audit tools will be an added advantage.

• Participate in the development of the annual risk-based audit plan and execute assigned audits efficiently and in line with the plan.
• Conduct audits across all areas of the Bank, including branches, credit, treasury, digital channels, operations, finance, and IT.
• Prepare and maintain audit working papers and documentation in accordance with IIA Standards.
• Identify control gaps, process inefficiencies, and policy non-compliance, and recommend practical, value-adding improvements.
• Assess the adequacy and effectiveness of controls in mitigating key business risks.
• Evaluate the design and operation of internal control systems to ensure they support the Bank’s objectives.
• Support audits of transformation initiatives and new product rollouts to ensure control alignment with strategy.
• Draft clear and concise audit reports summarizing findings, root causes, and recommendations.
• Discuss audit observations with management and agree on corrective actions.
• Follow up on implementation of audit recommendations and provide updates to the Audit Manager.
• Ensure compliance with CBK Prudential Guidelines, AML/CFT regulations, and internal policies.
• Identify potential areas of fraud, non-compliance, or unethical conduct and escalate appropriately.
• Promote good governance, accountability, and ethical behavior across departments.
• Contribute to the adoption of data analytics, continuous auditing, and automation tools within Internal Audit.
• Identify emerging risks related to digital banking, cybersecurity, and regulatory changes.
• Participate in internal training and professional development initiatives to enhance audit competency.

• Audit Methodology: Strong knowledge of risk-based auditing and internal control evaluation techniques.
• Financial & Operational Auditing: Understanding of banking processes — loans, deposits, payments, and treasury operations.
• Regulatory Knowledge: Familiarity with CBK Prudential Guidelines, Basel principles, and AML/CFT compliance requirements.
• Data Analysis: Proficiency in Excel and basic knowledge of ACL, IDEA, or Power BI for analytical audit procedures.
• Governance & Risk Management: Understanding of COSO framework and the three lines of defense model.
• Digital & IT Awareness: Understanding of risks related to digital banking, fintech partnerships, and system migrations.
• Report Writing: Ability to prepare structured, evidence-based, and impactful audit reports.
• Integrity and Ethics: Upholds honesty, confidentiality, and professional objectivity at all times.
• Analytical Thinking: Applies logical reasoning and sound judgment to identify and evaluate risks.
• Attention to Detail: Ensures accuracy, completeness, and quality in audit work.
• Communication: Clearly presents audit findings, both in writing and verbally.
• Collaboration: Works effectively with other auditors and departments while maintaining independence.
• Adaptability: Thrives in a changing environment driven by digital transformation.
• Initiative: Demonstrates proactivity in identifying control issues and proposing solutions.
• Continuous Learning: Pursues professional development and stay abreast of emerging risks and technologies.

• Bachelor’s degree in accounting, Finance, Business Administration, Economics, or related field.
• Master’s degree (MBA or MSc in Finance/Risk) is an added advantage.
• Professional Certifications (at least one mandatory):
• CPA (K), ACCA, or CIA – required
• Additional certifications such as CISA, CRMA, or CFE are advantageous.
• Membership in a recognized professional body (IIA, ICPAK, ISACA, or ACFE).