Background

The Unclaimed Financial Assets Authority (UFAA) is an Authority created under the Unclaimed Financial Assets Act, No. 40 of 2011 to administer unclaimed financial assets. The primary mandate of the Authority is to receive unclaimed financial assets from the holders of such assets, safeguard and re-unite the assets with their rightful owners.

Job Purpose

To provide independent and objective assurance and advisory services on the effectiveness of governance, risk management, and internal control systems, with a view to enhancing accountability, operational efficiency, regulatory compliance, and achievement of the organization's strategic objectives.

Responsibilities

• Implementing fraud investigation and anti corruption policies, guidelines, strategies and plans;
• Analyzing data in financial records, systems and processes;
• Undertaking comprehensive audits at the Authority;
• Stocktaking and undertaking risk assessment, corruption risk assessment and anti corruption awareness activities;
• Reviewing internal controls in the Authority;
• Evaluating the adequacy of system controls and recommending improvements;
• Carrying out audit checks and identifying any accounting errors;
• Undertaking spot-checks and cash survey;
• Undertaking audit investigations;
• Carrying out audit, follow up on implementation of recommendations on audit reports;
• Assessing compliance with internal policies, tax regulations and other statutory guidelines;
• Implementing Quality Assurance and Improvement Programme (QAIP);
• Consolidating primary audit reports/queries in Authority’s financial statements;
• Carrying out compliance tests; and
• Monitoring and evaluating audit reports.

Qualifications and Experience

For appointment to this grade, one must have:

• Served for a cumulative period of nine (9) years relevant work experience, three (3) of which must have been at the grade of Senior Internal Audit & Risk management Officer or in a comparable position;
• Bachelors degree in any of the following disciplines; Accounting, Finance, Commerce, Economics, Business Administration, Business Management or its equivalent from a recognized institution;
• Membership to Institute of Certified Public Accountants of Kenya (ICPAK) or relevant professional body in good standing;
• Management course certificate lasting not less than four (4) weeks from a recognised institution;
• Proficiency in computer applications; and
• Show merit and ability as reflected in work performance results.

Key Competencies and Skills

• Expertise in risk assessment, internal control evaluation, and execution of audits in line with professional standards;
• Strong capability in audit planning, testing, analysis, documentation, and reporting to support effective assurance outcomes;
• Sound knowledge of regulatory, compliance, and governance frameworks, supported by proficiency in audit tools and technology;
• Demonstrated objectivity, integrity, confidentiality, and adherence to ethical standards;
• Excellent communication, stakeholder engagement, and interpersonal skills, with the ability to influence and collaborate effectively across all levels;
• Strong organizational, analytical, and problem-solving skills, with keen attention to detail and the ability to manage priorities and meet deadlines;and
• Ability to work independently and collaboratively in dynamic environments, demonstrating adaptability, sound judgment, and resilience under pressure.

• Implementing fraud investigation and anti corruption policies, guidelines, strategies and plans
• Analyzing data in financial records, systems and processes
• Undertaking comprehensive audits at the Authority
• Stocktaking and undertaking risk assessment, corruption risk assessment and anti corruption awareness activities
• Reviewing internal controls in the Authority
• Evaluating the adequacy of system controls and recommending improvements
• Carrying out audit checks and identifying any accounting errors
• Undertaking spot-checks and cash survey
• Undertaking audit investigations
• Carrying out audit, follow up on implementation of recommendations on audit reports
• Assessing compliance with internal policies, tax regulations and other statutory guidelines
• Implementing Quality Assurance and Improvement Programme (QAIP)
• Consolidating primary audit reports/queries in Authority’s financial statements
• Carrying out compliance tests
• Monitoring and evaluating audit reports

• Expertise in risk assessment, internal control evaluation, and execution of audits in line with professional standards
• Strong capability in audit planning, testing, analysis, documentation, and reporting to support effective assurance outcomes
• Sound knowledge of regulatory, compliance, and governance frameworks, supported by proficiency in audit tools and technology
• Demonstrated objectivity, integrity, confidentiality, and adherence to ethical standards
• Excellent communication, stakeholder engagement, and interpersonal skills, with the ability to influence and collaborate effectively across all levels
• Strong organizational, analytical, and problem-solving skills, with keen attention to detail and the ability to manage priorities and meet deadlines
• Ability to work independently and collaboratively in dynamic environments, demonstrating adaptability, sound judgment, and resilience under pressure

• Served for a cumulative period of nine (9) years relevant work experience, three (3) of which must have been at the grade of Senior Internal Audit & Risk management Officer or in a comparable position
• Bachelors degree in any of the following disciplines; Accounting, Finance, Commerce, Economics, Business Administration, Business Management or its equivalent from a recognized institution
• Membership to Institute of Certified Public Accountants of Kenya (ICPAK) or relevant professional body in good standing
• Management course certificate lasting not less than four (4) weeks from a recognised institution
• Proficiency in computer applications
• Show merit and ability as reflected in work performance results