Job Purpose

To provide independent, objective assurance and advisory services designed to add value and improve the banks’ operations by bringing a systematic, disciplined approach to evaluate and improve effectiveness of Risk Management, control and governance processes. The internal audit activities for the incumbent involve analyzing risks and controls, recommending process and control improvements and providing Audit reports to relevant stakeholders.

Key Responsibilities

Under the supervision of the Manager-Internal Audit the following are among the key responsibilities:

Internal controls and Risk Management

• Contribute in the development of a comprehensive Risk based plan, internal audit policies and procedures
• Execute the audit plan in line with the Internal Auditing Standards, Regulatory framework and best practice of risk-based auditing.
• Conduct work in accordance with audit programs and checklists which are aligned with the bank policies and procedures.
• Perform any other duties assigned by Chief Internal Auditor.

Control assessment

• Assist in the evaluation of controls over the banks Operational processes and Credit portfolios.
• Assist in the evaluation of business risk positions taken by the bank with a principal focus on products and processes and offer recommendations..

Business advisory

• Monitor the control environment and highlight to management in liaison with Assistant Head Internal Audit and Chief Internal Auditor on any emerging risks(internal/external) to the bank.

Audit Leadership

• Assist in championing implementation of best practices, policies and procedures for the Internal Audit function in line with IIA standards and frameworks.

Audit issue resolution

• Ensure timely resolution of Internal Audit and Regulatory issues through continuous engagement process with management.

Accountability risk and Compliance

• Ensure compliance with Bank of Zambia and statutory regulatory bodies
• Ensure conformance with Institute of Internal Audit (IIA)Standards and code of ethics.
• Independently assess:
  • The 1st Line of defence - The effectiveness of the business units risk taking activities within their assigned limits of risk exposure and in their responsibilities and accountabilities to identify, assess and control the risks of their business;
  • The 2nd Line of defence - The effectiveness of risk management and compliance in their support and oversight functions

Accountability; Administration and Team Management

• Ensure completeness of Audit files
• Share Knowledge and experience with team members.

REQUIRED SKILLS AND ATTRIBUTES

• Audit & Investigation
• Financial and operational audit of organizations
• Financial/Banking Industry Knowledge
• Accounting Standards
• Policy Development
• Financial Reporting
• Analytical / Problem solving skills
• Certified Internal Auditor
• High level of Knowledge of all business areas

QUALIFICATIONS AND EXPERIENCE

• ACCA/CIMA/CA Zambia /Degree in finance or or any other relevant field.
• A Masters in any of the above fields will be an added advantage.
• Must have a minimum of 5 years of experience in an Internal Audit function with a commercial bank or established Microfinance Institution
• Must be Certified Internal Auditor (CIA)
• Member of ZICA & IIA
• Certified Fraud Examiner or other fraud or Forensic related certifications as an added advantage

• Contribute in the development of a comprehensive Risk based plan, internal audit policies and procedures
• Execute the audit plan in line with the Internal Auditing Standards, Regulatory framework and best practice of risk-based auditing.
• Conduct work in accordance with audit programs and checklists which are aligned with the bank policies and procedures.
• Perform any other duties assigned by Chief Internal Auditor.
• Assist in the evaluation of controls over the banks Operational processes and Credit portfolios.
• Assist in the evaluation of business risk positions taken by the bank with a principal focus on products and processes and offer recommendations..
• Monitor the control environment and highlight to management in liaison with Assistant Head Internal Audit and Chief Internal Auditor on any emerging risks(internal/external) to the bank.
• Assist in championing implementation of best practices, policies and procedures for the Internal Audit function in line with IIA standards and frameworks.
• Ensure timely resolution of Internal Audit and Regulatory issues through continuous engagement process with management.
• Ensure compliance with Bank of Zambia and statutory regulatory bodies
• Ensure conformance with Institute of Internal Audit (IIA)Standards and code of ethics.
• Independently assess: The 1st Line of defence - The effectiveness of the business units risk taking activities within their assigned limits of risk exposure and in their responsibilities and accountabilities to identify, assess and control the risks of their business; The 2nd Line of defence - The effectiveness of risk management and compliance in their support and oversight functions
• Ensure completeness of Audit files
• Share Knowledge and experience with team members.

• Audit & Investigation
• Financial and operational audit of organizations
• Financial/Banking Industry Knowledge
• Accounting Standards
• Policy Development
• Financial Reporting
• Analytical / Problem solving skills
• Certified Internal Auditor
• High level of Knowledge of all business areas

• ACCA/CIMA/CA Zambia /Degree in finance or or any other relevant field.
• A Masters in any of the above fields will be an added advantage.
• Must have a minimum of 5 years of experience in an Internal Audit function with a commercial bank or established Microfinance Institution
• Must be Certified Internal Auditor (CIA)
• Member of ZICA & IIA
• Certified Fraud Examiner or other fraud or Forensic related certifications as an added advantage