To ensure that the Corporation’s financial and operational management systems as well as its Risk Management processes and practices are robust, meet Internationally Accepted Standards, and that Management and the Board exercise adequate stewardship over the Corporation’s assets  by mitigating and avoiding substantial risks during its operations.

ROLES RESPONSIBILITIES AND REQUIREMENTS:

PRINCIPAL ACCOUNTABILITIES

1.Team Leader for URC’s audit and risk management services and for ensuring adherence to International Accepted Standards for safe guard of the Corporation’s assets and operations.

2.Programmes /plans for the Corporation Developing Audit and Risk Management.

3.Documenting the Internal Control/mitigation Systems   at URC.

4.Appraising the System of Internal Controls/Mitigations, advising on their adequacy and proposing any desired improvements.

5.Ensuring operational or other systems Risk-based audits are conducted.

6.Preparing periodic Internal Audit Reports and Risk Management Assessment Reports.

7.Checking and ensuring reconciliation mechanisms are in place by the directorate of Finance.

8.Reviewing Corporation’s Compliance with established policies, processes and procedures.

9.Reporting on Special Audit or Risk Investigations.

10.Conducting quality Risk based audits.

11.Providing support for risk management to risk owners and champions.

12.Conducting ICT Audits.

13.Conducting procurement audits.

14.Carries out any other lawful assignment allocated by the immediate Supervisor.

DELIVERABLES

Provides effective leadership to department undertaking the audit and risk management function’s to ensure effectiveness and adequacy of the Corporation’s management processes, controls and mitigations, and compliance with established policies and procedures.

• Develops and implement comprehensive risk based Audit programmes and Risk Management programmes for various systems and operational activities.
• Develops and implement Annual Internal Audit and Risk Plans.
• Develops department strategies and plans for implement.

• Ensures documentation of URC’s Internal Controls and mitigation systems to form the benchmark of evaluating effectiveness and adequacy of management.
• Timeously update URC’s Internal Control Systems to provide a proactive risk management system.

• Carries out evaluation of the internal control/risk mitigation systems to check on its adequacy or effectiveness.
• Timely reports on the adequacy/effectiveness of the internal controls/Risk.
• Timely advises/recommended actions to be taken to improve the internal control/risk mitigation systems.

• Conducts planned and special audits timely as per approved work plans and extraordinary assignments.
• Conduct periodic and other relevant assessments of the Corporation’s risks.
• Prepares periodic or other Internal Audit Reports, and periodic Risk Management reports on all areas covered for presentation.
• Monitor implementation of approved audit controls and risk mitigation activities.
  • Develops Enterprise Risk Management strategies to ensure mitigation of Risk and
  • Develops risk and compliance audit programs and monitors its.
  • Evaluates Risk reporting framework on all  business plans/contracts/projects/services.
  • Conduct risk assessment and formulate annual plan with specific emphasis on ICT systems and application.
  • QUALIFICATIONS/REQUIREMENTS
    1. The applicant must hold an Honours Bachelor’sdegree in any of the following disciplines; Commerce, Business Administration, Accounting, Banking , Finance or the equivalent in the relevant field, from a recognized University/Institution..
    2. A Master’s degree in Accounting, Commerce, Economics or Finance from an approved, recognized and reputable university OR Certified Internal Auditor- CIA.
    3. Other full professional Memberships of recognized Accounting body e.g., ACCA, CPA, CA and CIMA are an added advantage.
    4. 10 years relevant work experience with clear increasing level of responsibility in an Audit and Risk Management functions of a Government/Parastatal or a reputable large business organization, five (5) of which should have been at senior managerial supervisory level.
    5. Knowledge & Skills:
    6. Wide knowledge and extensive proven experience in Internal Audit and Risk Management Planning, and Systems Evaluations.
    7. Proven clean record of service, team working and leadership.
    8. Competence in computerized Auditing.
    9. Ability to prepare and present concise reports;
    10. Must have working knowledge of various computer programmes such as MS Excel, MS Power point, MS Word, and relevant Accounting.