Manager, Internal Audit Guaranty Trust Bank (Uganda) Limited

Purpose of position:
The Manager Internal Audit is responsible for supporting the planning, reviewing, coordinating and Implementation of Audit activities for continuous improvement, and to safeguard against fraud, avoidable loss, waste and result in efficient use and utilization of the Banks resources and assets, in line with International Professional Practice Framework, Internal auditing standards and set Bank policies and procedures.

Key Result Areas:
• Support the formulation and putting in place the internal audit strategy, budgets and annual plans, effective inspection and audit administrative policy guidelines for the Unit
• Spearhead continuous improvements of operating systems and procedures, thus reviewing, evaluating, investigating, and advising Management on appropriate systems and internal controls required in the respective departments for the smooth and prudent financial management and running of the Bank’s business.
• Develop and carry out regular reviews of appropriate procedure manuals for the various areas of operations as necessary.
• Carry out assignments and investigations as may be directed by the Board, Audit committee, MD or the Management from time to time as deemed appropriate.
• Prepare and present regularly quality and factual Audit reports and briefs to the Board Audit Committee and Managing Director.
• Liaise with external auditors in the year-end audit as well as Central Bank Inspectors and follow up on the implementation of their recommendations.
• Provide supervision, guidance, training and manage staff performance of the audit team at the Bank
• Devise and recommend effective systems for control and management of audit functions especially as they relate to the Bank’s capital and recurrent expenditure.
• Undertake regular spot audit check and inspections of sensitive areas and investigate general or specific irregularities and endure that the interest of the Bank is not compromised through any irregularities that may lead to financial loss.
• Monitor and supervise all administrative activities in the department to ensure adequate control and cost effectiveness in all activities such as manpower and operational activities.
• Carry out assignments and investigations as may be directed by the Board, Audit committee, MD or the Management from time to time as deemed appropriate.

Carry out Ad-Hoc assignments, investigations, report findings and make recommendations to the Management and the Board Audit Committee.
• Identify risks associated with the business/operations and discuss them with the Management and team members;
• Provide oversight and support, on a need basis, to the Board Audit Committee and/or MD in the Subsidiary operations;
• Certify that returns are submitted to the central bank in line with FIA, 2004
• Carry out any other duties as may be assigned from time to time.

Working Experience:
• A minimum of 7 years’ experience in Auditing in a financial Institution, Auditing Firm or related industry.

Education and Professional Qualification:
• Have a Bachelor’s degree from an accredited institution.
• Should be a member of ICPAU
• Certification in CIA, Risk and CISA will be an added advantage.

Technical Competencies:
• Team leadership skills and excellent relationship management.
• Strong investigative skills.
• Knowledge of the IPPF standard IFRS.
• Ability to manage customers and their expectations. Strong advisory skills.
• Excellent audit and accounting skills. Business acumen.
• Demonstrates initiative and independent judgment.
• Strategic and creative thinking.

Behavioral Competence:
• Ability to present and articulate audit position clearly to the Board and Management.
• Ability to multitask and manage various engagements and conflicting demands.
• Has courage to professionally discharge internal audit responsibilities.
• Highly organized with strong planning skills with the ability to prioritize tasks and deliver assigned audits in line with the audit plan and or other time constraints.