Internal Audit Manager - Faulu MFB

Lets Write Africa's Story Together!

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

Role Summary / Purpose:

The role supports the Group Head of Audit in assisting the Board and Executive Management to protect the assets, reputation and sustainability of the Old Mutual Group.

The role will be responsible for execution of audit assignments at Faulu Microfinance Bank Limited and other entities within Old Mutual Group East Africa.

The role will report to the Head of Audit, East Africa and will support with the implementation of the GIA strategy and mandate for the said portfolio.

Role Description & Key Result Areas:

• To participate in development and implementation of risk-based audit plans.
• To execute and manage audits for Faulu Microfinance Bank Limited as well as audits for Old Mutual entities in East Africa as required in accordance with the Group Internal Audit (GIA) methodology.
• Champion advanced data analytics and Continuous Audit Monitoring (CAM) as part of GIA’s digital enablement strategy.
• To help the Group deliver the strategic initiatives successfully by focusing on the significant risks, both existing and emerging.
• Provide independent opinion on risk & control environment for the various business units or processes.
• Engage with business process owners to agree on audit deliverables (risk assessments, control workshops and adequacy assessments), timeframes and reporting in relation to work done.
• Deliver audit assignments on time & in accordance with the Group Internal Audit (GIA) methodology and as per agreed quality standards.
• Challenge and influence the relevant executives to improve the governance, risk, and control culture.
• Engage and provide audit assurance to Executive Management and the respective Audit and Risk Committees.
• Manage staff within area of responsibility, including budgets.
• Develop and maintain relationships with key stakeholders including Board Audit Committee, Senior Management, Risk Officers among others.
• Contribute to developmental interventions and on the job coaching

Qualifications and Experience:

• A bachelor’s degree in business, Finance or IT.
• Professional qualifications - CPA, CISA, ACCA, CISM, CRISC, COBIT, CIA.
• Proficient in use of advanced data analytics tools and continuous auditing eg Python, ACL, IDEA.
• Minimum of six years relevant experience in the internal audit function and / or external audit function. Experience in the financial services industry is an added advantage.

Skills and Personal Attributes

• Excellent written and verbal communication skills including effective report writing ability.
• Strong technical, analytical, and problem-solving skills.
• Strong relationship management and interpersonal skills.
• Ability to interact with senior management across various functions and departments.
• Strong influencing and negotiation skills.
• Confident and self-motivated.
• Honest, objective and of high integrity.
• Organized and structured approach with ability to multi-task.
• High standards of performance for self and others.
• Driven to deliver real value and quality service to a demanding and diverse client base.

Administers and executes audits to provide an independent opinion on the risk and control environment for a specific business unit or process.

Responsibilities

Audit Compliance

Plan and manage the delivery of an audit program in a single discipline, ensuring that the program addresses identified risk areas. Monitor the closeout of audit findings to ensure that established corrective actions are implemented and that risks are managed effectively; refer major issues or inadequate responses through the management line.

Financial Policies, Guidelines, and Protocols

Create a plan to deliver and review financial policies, guidelines, and protocols to ensure the company complies with regulations and good financial practice.

Operational Compliance

Monitor and review performance and behaviors within area of responsibility to identify and resolve noncompliance with the organization's policies and relevant regulatory codes and codes of conduct.

Data Collection and Analysis

Use data from a wide range of sources to analyze key themes and identify possible impacts on the business.

Insights and Reporting

Contribute to the design and creation of reporting strategies and templates. Lead execution of complex reports, identifying and interpreting complex patterns and trends, and translating those insights into actionable recommendations.

Functional Strategy Formation

Contribute to the formation of a key element of functional strategy through specialist expertise and insights, to ensure that the strategy meets business needs.

Leadership and Direction

Communicate the actions needed to implement the function's strategy and business plan within the team; explain the relationship to the broader organization's mission, vision, and values; motivate people to commit to these and to do extraordinary things to achieve local business goals.

Organizational Capability Building

Use the organization's formal development framework to identify the team's individual development needs. Plan and implement actions, including continuing professional development specified by professional or regulatory institutions, to build their professional capabilities. Provide informal training or coaching to others throughout the organization in own area of expertise to enable others to improve performance and fulfill personal potential.

Information and Business Advice

Provide specialist advice on the interpretation and application of policies and procedures, resolving complex or contentious queries and issues and enabling others to take appropriate actions.

Budgeting

Deliver a budget for an area of the organization or conduct complex analyses on budget progress in other areas of the organization.

Performance Management

Develop and propose own performance objectives; take appropriate actions to ensure achievement of agreed objectives, using the organization's performance management systems to improve personal performance. Or manage and report on team performance; set appropriate performance objectives for direct reports or project/account team members and hold people accountable for achieving them, taking appropriate corrective action where necessary to ensure the achievement of team/personal objectives.

Skills

Accounting, Accounting, Action Planning, Adaptive Thinking, Analytical Thinking, Auditing Operations, Budget Management, Change Management, Coaching, Data Analysis, Database Reporting, Data Compilation, Data Controls, Data Interpretations, Employee Management, Evaluating Information, Executive Relationship Management, External Audit, Financial Acumen, Internal Auditing, Leadership, Management Accounting, Management Reporting, People Management, Relationship Building {+ 1 more}

Competencies

Builds Effective Teams

Business Insight

Communicates Effectively

Ensures Accountability

Financial Acumen

Instills Trust

Manages Complexity

Optimizes Work Processes

Education

Bachelor Of Finance: Finance (Required), Bachelor of Information Technology (BIT)

Closing Date

09 April 2025 , 23:59

The Old Mutual Story!