Background

The Co-operative Bank of Kenya Limited is incorporated in Kenya under the Company Act and is also licensed to do the business of banking under the Banking Act. The Bank was initially registered under the Co-operative Societies Act at the point of founding in 1965. This status was retained up to and until June 27th 2008 when the Banks Special General Meeti...

Job Purpose

To provide independent and objective assurance on the effectiveness of the SACCO’s governance, risk management and internal control systems. The role will identify and assess key operational, financial and compliance risks, recommend practical measures to strengthen controls and safeguard the SACCO’s assets and interests, support a strong risk-aware culture, and ensure compliance with applicable regulatory requirements, policies and best practices.

Key Responsibilities

The Internal Audit and Risk Manager will be responsible for:

• Preparing and implementing annual audit plans.
• Initiating and maintaining internal audit control systems for effective utilisation of the Society’s resources.
• Designing and executing internal audit functions in accordance with conventional audit guidelines and best practices.
• Undertaking systems audits to ensure adequate system and information security.
• Assessing the reliability and integrity of the SACCO’s financial and operating information and compliance with operating policies and procedures.
• Reviewing and reporting on the adequacy of the SACCO’s internal control framework.
• Reviewing and reporting on compliance with internal procedures and regulatory standards.
• Assessing the adequacy of laid-down operational procedures and advising management appropriately.
• Reviewing and reporting on the implementation status of prior audit recommendations.
• Conducting special investigations as required by the SACCO from time to time.
• Liaising with external auditors to enhance efficiency and effectiveness.
• Verifying transaction vouchers to determine authenticity, accuracy and correctness.
• Preparing periodic audit reports for the Board.

Qualifications

Applicants must:

• Hold a Bachelor of Commerce degree or its equivalent from a recognised university.
• Be a CPA (K) and a member in good standing with ICPAK, or hold an equivalent qualification.
• Have served as an Internal Auditor in a SACCO or in a comparable position with similar responsibilities for at least three (3) years.
• Have a minimum of seven (7) years of relevant experience.
• Be proficient in Microsoft Office Suite and specialised accounting software.

Attributes and Skills

• Sound judgement and decision-making ability.
• Accuracy and attention to detail.
• Strong analytical skills.
• Strong financial management capability.
• Leadership and administrative ability.
• Excellent communication skills.
• Proficiency in Microsoft Office Suite.

• Preparing and implementing annual audit plans.
• Initiating and maintaining internal audit control systems for effective utilisation of the Society’s resources.
• Designing and executing internal audit functions in accordance with conventional audit guidelines and best practices.
• Undertaking systems audits to ensure adequate system and information security.
• Assessing the reliability and integrity of the SACCO’s financial and operating information and compliance with operating policies and procedures.
• Reviewing and reporting on the adequacy of the SACCO’s internal control framework.
• Reviewing and reporting on compliance with internal procedures and regulatory standards.
• Assessing the adequacy of laid-down operational procedures and advising management appropriately.
• Reviewing and reporting on the implementation status of prior audit recommendations.
• Conducting special investigations as required by the SACCO from time to time.
• Liaising with external auditors to enhance efficiency and effectiveness.
• Verifying transaction vouchers to determine authenticity, accuracy and correctness.
• Preparing periodic audit reports for the Board.

• Sound judgement and decision-making ability.
• Accuracy and attention to detail.
• Strong analytical skills.
• Strong financial management capability.
• Leadership and administrative ability.
• Excellent communication skills.
• Proficiency in Microsoft Office Suite.

• Hold a Bachelor of Commerce degree or its equivalent from a recognised university.
• Be a CPA (K) and a member in good standing with ICPAK, or hold an equivalent qualification.
• Have served as an Internal Auditor in a SACCO or in a comparable position with similar responsibilities for at least three (3) years.
• Have a minimum of seven (7) years of relevant experience.
• Be proficient in Microsoft Office Suite and specialised accounting software.