Group Internal Audit Head

Job Description : GROUP INTERNAL AUDIT HEAD EAST AFRICA Job Profile 1. Purpose, Scope and Role of the position: 1.1. Purpose The purpose of the position of the Group Internal Auditor is to provide independent, and objective assurance designed to add value and to improve operations, mitigate risks in operations of Group Companies. 1.2. Scope The Scope of Internal Audit of a Group Company shall be based on the assessment of the Group Company?s Risk Profile and on other aspects as identified from time to time. Based on the assessed Risk Profile of each of the Group Company, Annual Internal Audit Plan, having specific focus on identified high risk areas and other identified aspects, shall be drawn by the Group Internal Auditor in consultation with the Group Risk Officer for the consideration and approval of the Group Audit Committee (GAC). The Scope of Internal Audit of the Group Company would include examination and evaluation of the adequacy and effectiveness of the Company?s Governance, Risk Management and Internal Controls as well as the Management?s quality of performance in carrying out assigned responsibility to achieve the Group Company?s stated Objectives and Goals, so as to ensure that: ? Risks are appropriately identified, assessed and managed; ? Financial, Managerial and Operating information is accurate and reliable; ? Resources are acquired economically, used efficiently and adequately protected; and ? Objectives and Goals, as planned, are achieved. 1.3. Role The role of the Group Internal Auditor is to help Group Companies to achieve their objectives by bringing in a systematic, disciplined approach to evaluate and improve the effectiveness of Risk Management, Internal Controls, and Governance Processes. 3. Key responsibilities: Group Internal Auditor shall be responsible for: 3.1. Preparation of Annual Internal Audit Plan with detailed work schedule; budget and resource required for the approval of the Group Risk Officer and the Group Audit Committee; 3.2. Establish Policies and Procedures (Internal Audit Manual) to guide the Internal Audit Activity and direct its administrative functions; 3.3. Establish a quality assurance and improvement program that covers all aspects of the Internal Audit activity; 3.4. Plan and allocate Internal Audit Assignment to Internal Audit Staff and Supervise and evaluate their work and efficiency; 3.5. Reporting on the existence in Group Company of Systems, Procedures and Internal Controls (in line with Group?s Standard Operating Procedures?SOPs), Compliances (including Statutory and Regulatory), Deviations and Irregularities; 3.6. Submission of Monthly and Quarterly Reports; 3.7. Maintain a professional Audit Staff with sufficient knowledge, skills, experience, and professional certifications; 3.8. Engage External Internal Auditors, to conduct Internal Audit (including Forensic Review) of Group Companies, as may be required and approved by the Group Audit Committee (GAC) from time to time; 3.9. Carry out Investigations emanating from the Audit Process or assigned from time to time; 3.10. Perform advisory services as and when assigned (provided this does not constitute conflict of interest with the Internal Audit assignment and prior approval of the Group Risk Officer has been taken); 3.11. Ensure that requirement of Group Company's Country Legislations and Regulations in relation to Internal Audit are complied with; 3.12. Follow up with concerned Business Head of the Group Company on the progress on the agreed way forward on the Open Observations; 3.13. Group Internal Auditor will meet or exceed the Standards of Professional Practice of Internal Auditing (ISPPIA) of the Institute of Internal Auditors and abide by the Code of Ethics as outlined in the ISPPIA. 4. Reporting: Group Internal Auditor will report Audit Observation and Recommendations to the Business Head of the Group Company and seek comments, way forward (resolution) and timelines for compliance. Group Internal Auditor, after considering the comments of the Business Head of the Group Company, would then submit his Report to Group Risk Officer. The Group Internal Auditor will submit following Reports: - 4.1 Monthly Report detailing Audit Activities carried out during the month with all Audit Observations and Comments of the concerned Business Head and recommendations; 4.2 Quarterly Report detailing: 4.2.1 Performance against Annual Internal Audit Plan; and Key open Observations made during the Quarter and till date with the comments of the concerned Business Head of the Group Company and Recommendations. 4.3 Prepare and report of Key Findings / Observations for the Group Audit Committee. Group Internal Audit and Risk Manager 5. General: Group Internal Auditor shall: 5.1 prepare and report of Key Findings / Observations for the Group Audit Committee. 5.2 maintain cordial working relationship at all levels of the Auditees; 5.3 guide and impart training to Internal Audit Staff; 5.4 have full, free and un-restricted access to the Group Company's records required for carrying out given assignment with strict accountability for confidentiality; and 5.5 safeguarding of records and information. 6. Budgetary responsibility: Plan for expenses in conducting Internal Audit of Group Companies including Cost of engagement of External Internal Auditors

---

Back