The Director of Internal Audit is responsible for developing and executing a risk-based audit plan to evaluate, report on, and provide recommendations for enhancing the company’s key operational and financial activities, as well as its internal controls.

Qualifications and Experience

• Bachelor’s Degree in Finance/ Accounting/Auditing.
• Master’s Degree in Finance/ Accounting/ Auditing.
• Full or part qualification in any of the following: CA, CIS, CI MA or ACCA will be an added advantage.
• Membership of a recognised and relevant professional institution.
• Minimum of seven (7) years’ post qualification work experience in a similar environment of which, three (3) years should have been at a senior managerial level.

Duties and Responsibilities

• Develops the risk-based Annual Audit Plan in consultation with Management and the Audit and Risk Committee.
• Leads the creation and implementation of internal audit policies and procedures.
• Oversees the execution of the Annual Risk-Based Audit Plan, along with other special audit assignments.
• Ensures the University complies with statutory requirements, policies, procedures, and regulatory standards related to financial management.
• Analyses audit responses and verifies compliance with established rules and regulations.
• Recommending effective control and enterprise risk management strategies based on finding of various audits.
• Reviewing specific operations at the request of Management or Audit Committee.
• Liaison with external Auditors to ensure that there is adequate follow up of audit queries.
• Conducts the institution’s annual risk assessment for all functions, activities and processes.
• Prepares audit reports to support informed decision-making by management.
• Develops, assigns, monitors, and evaluates audit assignments for subordinates.
• Facilitates quarterly meetings of the Audit and Risk Committee.
• Investigates any suspected fraudulent activities within the institution and reports findings accordingly.
• Advises management on the reliability and integrity of financial and other management information systems.