Internal Audit & Risk Manager

About the Role

Kimisitu Sacco is seeking an experienced Internal Audit & Risk Manager to strengthen our governance, compliance, and risk management framework. You will play a critical role in safeguarding the organization's assets, ensuring regulatory compliance, and providing strategic risk insights to leadership.

Key Responsibilities

• Analyze and verify financial statements are prepared in accordance with IFRS, IAS, and the SACCO Societies Act to meet disclosure requirements in accordance with prevailing rules and regulations
• Audit credit processes to determine sufficiency of documentation and ensure all necessary steps are followed
• Review and audit fixed assets to confirm they are safeguarded, in proper physical condition, and correctly valued
• Analyze investments to ensure adherence to investment policy, safety of funds, compliance with prudential standards, and alignment with SACCO objectives
• Audit all SACCO operations, review controls, and evaluate their adequacy and functionality
• Assess economic efficiency and effectiveness in resource utilization to support organizational objectives
• Develop annual audit plans for approval by appropriate authority and ensure routine audits are executed as planned
• Provide risk assessments, profiles, and recommendations; maintain and update the SACCO risk register
• Conduct discussions with Line Managers at the commencement and completion of all audits
• Monitor compliance with policies, plans, procedures, statutory requirements, and regulations
• Liaise with external auditors to foster cooperation, reduce duplication of effort, and ensure appropriate information sharing
• Analyze the accounting system to ensure proper segregation of duties and prevent any single official from originating and completing transactions
• Review implementation of business policies, processes, and procedures to ensure compliance
• Advise the Board on governance matters and organizational direction on various issues

Location

Nairobi, Kenya