Head of Internal Audit

Department:

People & Change Tanzania

Job type:

Permanent

Closing date:

10-Feb-15

Reference Number:

130-PEO00388

The Company

Our client is a leading commercial bank in Tanzania with a regional presence. They value the principles of good banking-strong capitalization, liquidity, risk diversification, conservative lending policies, investment in service delivery channels and customer experience orientation. They therefore wish to recruit the Head of Internal Audit.

Roles & Responsibilities

This role will manage the independent internal audit and security services for the bank. This incorporates undertaking continuous independent Audit, Internal Control and Security review to provide assurance to the Board that the Bank's Operations are carried out in line with the documented Policies and Procedures, comply with Legal and Statutory requirements and that the Shareholders and Stakeholders interests are secure and well protected.The Head of Internal Audit will report to the Board.
The Head of Internal Audit will be accountable and responsible for, among others to:
•Review the existing audit techniques and approaches used within the Bank and ensure that these are in conformity with acceptable international standards;
•Identification of all the main areas of risk within the Bank and ensuring that action is taken by Senior Management to control and effectively deals with such risks;
•Plan, direct and monitor the auditing of the Operations (transactions and accounts), Financial and Credit functions to ensure compliance with Bank policies, procedures and statutory requirements;
•Based on the audit findings and within the context of the Bank's Objectives and Policies and taking account of the overall business environment and trends, make recommendations and contribute to the development of solutions to improve the internal control and operational environment;
•Put in place an MIS system that will enable continuous tracking of the division's performance and provision of management and external reports;
•Organise, manage and motivate the available human capital within Audit and Security Division through establishment of suitable organisation structure and implementing development programmes to optimise competence and productivity; 

Requirements

•Bachelors/Master's degree in relevant professional qualification in banking and accounting or finance from a reputable institution;
•At least 8-10 years' experience in banking with at least 5 years' experience in general management positions;
•Full awareness and appreciation of profit dynamics in Banking;
•Proven leadership and people management skills with a high level of commitment and enthusiasm;
•Full knowledge of BOT's Act & various Regulations; 

Additional Information

A competitive package will be offered depending on the experience and qualifications of the successful applicant.

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