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Job Title: Internal Audit and Risk Manager
Department: Internal Audit
Reports To: Functionally to the Board of Directors and Administratively to the Group CEO
Location: Nairobi
Type of employment: Full time

1. Job brief
Our client, a Micro-finance institution is looking for an Internal Audit and Risk Manager to head the Internal Audit and Risk Department for a Group Companies. This role is meant to add value and improve operations by bringing a systematic and disciplined approach to the effectiveness of risk management, control, and governance processes. The successful candidate should be professionally competent, demonstrate ability to provide strategic leadership and general understanding of the environment that the organisation operates in.

2. Key Responsibilities
Internal Audits
• Evaluating risk exposure relating to achievement of the Group’s strategic objectives.
• Provide secretarial services to the board audit committee.
• Manage the day-to-day operations of the Audit and Risk department.
• Provide independent assurance on the Group’s governance, risk, and control processes.
• Provide both assurance, consultancy, and advisory services to the Group.
• Coordinate the activities of other assurance providers.
• Develop risk based annual audit work plans, engagement scope and allocation of resources for individual engagement.
• Evaluating the effectiveness and efficiency with which resources are employed.
• Evaluating the means of safeguarding assets and, as appropriate, verifying the existence of such assets.
• Evaluating operations or programs to ascertain whether results are consistent with established objectives and goals and whether the operations or programs are being carried out as planned.
• Reporting significant risk exposures and control issues, including fraud risks, governance issues, and other matters needed or requested by the board.
• Follow up on the implementation of the board audit committee recommendations to the management.
• Reporting periodically on the internal audit department’s purpose, authority, responsibility, and performance relative to its plan
• Maintain open communication with management and board audit committee.
• Knowledge on emerging issues in the industry.
• Develop and implement standard operating procedures for the internal audit department.
• Review and present to management and board audit committee for approval the internal audit and board audit committee charters.

Risk Management & Compliance
• Coordinate development of Enterprise Risk Management for the Group.
• To evaluate compliance with the risk management policy for the Group.
• To coordinate development of risk management strategies and advise internal management and business partners on the implementation of compliance programs.
• To coordinate and monitor risk registers for all Group entities and departments and perform risk assessments for new products.
• To coordinate with Departmental Heads on updating and maintaining the risk registers.
• To coordinate implementation of compliance risk management plans and advice managers on the practical application of relevant regulatory requirements.
• To monitor control mechanisms implemented as part of the risk management process and assess their operational effectiveness.
• To coordinate and provide training programs related to specific risk management areas as required and guide users where necessary.
• Perform other related duties as required by the Group.

3. Minimum Job Requirements
• Bachelor of Commerce in Accounting or Finance from a recognized institution
• Certified Public Accountant (CPA-K) a MUST.
• Certified Internal Auditor (CIA) and/or Certified Information System Auditor-CISA and/or Certification in Risk Management will be an added advantage
• Must be a member of Institute of Certified Public Accountants of Kenya (ICPAK) in good standing.
• Must be a member of Institute of Internal Auditors (IIA) and/or Institute of Information Systems and Control Association (ISACA).
• At least 5 years of experience directly related to the specified duties and responsibilities within financial institutions, with 2 years in a leadership capacity

4. Knowledge, Skills and Abilities Required
• Knowledge of auditing policies, standards, procedures, concepts, principles, current changes, and developments
• Knowledge of Enterprise Risk Management
• Ability to supervise and train employees and team members
• Ability to communicate effectively, both orally and in writing
• Ability to work and foster teamwork with others
• Use of computer aided audit techniques
• Understanding of IT control environment

How to apply
If you meet the above qualifications and you are up to the specified duties and responsibilities, please send your CV to This email address is being protected from spambots. You need JavaScript enabled to view it. and include your expected salary in the subject email.

Deadline: 15th August 2022.

OnRisk Report 2021

In the 18 months since the COVID-19 pandemic first shuttered the world, organizations have learned to embrace the unexpected. Board members, C-suite executives, and chief audit executives — the key players in risk management — now know that low likelihood/high impact risks must be given greater consideration. This realization has jolted boards into greater awareness of risk management weaknesses, energized senior management to build more nimble and resilient organizations, and positioned internal audit to deliver broader value.




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