Internal Audit Manager (Paterson Grade D)
Job Description
The Lesotho Post Bank, your only Basotho Bank invites suitably qualified Basotho Nationals to apply for the following vacant positions:
Job Title : Internal Audit Manager (Paterson Grade D)
Reports to : Chief Audit Executive
Department : Internal Audit
Location : Maseru
JOB PURPOSE
To provide assurance on the adequacy and effectiveness of the Bank’s system of internal controls, governance, and risk management processes.
KEY RESPONSIBILITIES
- Conducts or reviews financial, regulatory, compliance or operational reviews/audits.
- Coordinates work with Risk, Legal & Compliance and other control-related activities and with others within Internal Audit.
- Conducts risk assessments and identifies controls in place to mitigate identified risks.
- Analyses and concludes on effectiveness and efficiency of control environment.
- Identifies control gaps and opportunities for improvement.
- Prepares timely audit reports.
- Research new or technical subjects when required to support audits.
- Provides feedback on performance of Internal Auditors and on audit assignments as applicable.
- Ensures that assigned audit engagements are carried out successfully from beginning to end.
- Identifies and communicates issues raised, offering recommended solutions relevant to business and risk.
- Manages audit engagements, provides guidance and overall review of deliverables.
- Ensures audit conclusions are based on facts and complete understanding of the process, circumstances, and risk.
- Considers fraud red flags when conducting or reviewing audits.
- Reviews audit programs and testing procedures relevant to risk and test objectives.
- Obtains and reviews evidence ensuring audit conclusions are well-documented.
- Ensures review of audit files and completeness of the file.
- Co-ordinates update of tracking on audit findings closure with auditees.
- Ensures all audit queries are cleared prior to finalisation of the report.
- Submits monthly reports to the Chief Audit Executive.
- Represents the department in Management Committees.
Job Requirement
QUALIFICATIONS AND EXPERIENCE
- A relevant degree and/or professional qualification e.g. CIA, CIMA, CA or CISA.
- Must have 5+ years of internal / external audit experience, coupled with at least 2 years in managerial position.
- Comprehensive knowledge of IIA standards, accounting principles, practices, and generally acceptable auditing techniques.
- Experience within an audit function in a banking industry will be an added advantage.
- Sound knowledge of risk management processes and internal control systems.
- Results-oriented with strong analytical, problem-solving, and decision-making skills.
- Excellent communication (written and verbal) and interpersonal skills.
- Advanced computer literacy skills – MS Office (Word, Excel, PowerPoint)
SKILLS, KNOWLEDGE AND ABILITIES
- Ability to observe and understand business processes ensuring processes are documented completely and accurately.
- Ability to apply audit standards through practical application.
- Proactive in researching business best practice concepts in order to apply as appropriate.
- Solid listening skills and ability to identify gaps in logic – inquisitive.
The closing date for submission of applications is 19th April 2024.
DISCLAIMER: ONLY SUCCESSFUL CANDIDATES WILL BE CONTACTED