Internal Audit

Position: Internal Audit

Work Location: Head Office

Division/Department: Audit

Reports to: Board

Main purpose of the job

ü   A bank internal auditor is responsible for performing objective, independent, and reliable assessments of the effectiveness of a bank’s risk management activities, its compliance with applicable regulations, and its internal control-environment.

Key responsibilities:

ü   Examine and evaluate the effectiveness and adequacy of the internal control systems

ü   Perform review of the effectiveness and application of risk assessment methodologies and risk management procedures

ü   Review financial and management information systems, including the electronic banking services and electronic information system and physical cash.

ü   Review financial reports and accounting records for accuracy and reliability

ü   Perform review of means, techniques, or methods of safeguarding assets

ü   Perform review of system applied by the bank in evaluating its capital vs estimated risk

ü   Perform evaluation of the economy and operational efficiency

ü   Perform test on both the functioning of specific internal control procedures and transactions

ü   Perform review on established systems for ensuring codes of conduct, compliance with regulatory and legal requirements, and the implementation of procedures and policies

ü   Perform special investigations; and carry out tests on the timeliness and reliability of the regulatory reporting.

ü   Preparing and implement annual audit schedule and Plan.

ü   Preparing annual departmental budget.

ü    Handling any other role that may be assigned by management from time to time in the course of duty.

Important relationships

ü   Job is both internally and regionally focused, requiring that the individual be highly adaptable

ü   The job requires relationships be built across the bank, regionally and in-country, at senior level.

ü   The jobholder will report to the Chair Audit Committee and Matrix reporting to CEO on a regular basis.

ü   All regional and cross country forums will require participation to ensure teambuilding and sharing of best practice across the bank.

ü   Central Bank of Somalia for Clearing, National Payments System, Foreign Exchange management guidelines, statutory reporting etc.

ü   Somalia Bankers Association for domestic banking issues, Correspondent Banks and International chamber of commerce for international trade support.

Knowledge, experience and personal competencies

Knowledge

ü   A university degree B.Com Accounting plus an MBA Finance including a professional qualification in accounting such as CPA, ACCA.

ü   Must be computer literate.

Experience

ü   Minimum of 8 years of practical audit experience in a commercial banking environment or a large organization at a senior level.

Personal competencies

ü   Ability to balance long term and short term requirements independently

ü   Strong evaluation, communication and reporting skills

ü   Ability to balance opposing business requirements.

ü   A structured approach to dealing with complex and variable work environments in an independent manner.

ü   Able to provide advice and cause/effect evaluation to support business decision making

ü   Leads by example

ü   Process orientated and logical thinker

If you believe you meet the above specifications, send your application letter and curriculum vitae mentioning your current/last work with copies of your credentials before 09/02/2025 to:

[email protected]