Position Description:
Reporting to the Board Audit Committee the incumbent will be responsible to set up internal controls and to manage and coordinate efforts in the administration of audit functions in the formulation, implementation and maintenance of those procedures for continuous improvement and in order to safeguard against waste, fraud and avoidable loss and to achieve efficient use and utilization of the Banks resources and assets. Under the direct supervision of the CEO the incumbent will be expected inter alia:-
To spearhead continuous improvements of operating systems and procedures, thus reviewing, evaluating, investigating, and advising the Chairperson of the board audit committee, CEO and the Senior Leadership Team on appropriate systems and Internal controls required in the respective departments and for the smooth and prudent financial management and running of the Bank's business.
To prepare and present regularly Audit briefs to the Chairperson, Board Audit Committee and CEO including progress reports on any audit projects undertaken.
To formulate and put in place an effective inspection and audit administrative policy guidelines, which will regulate and stream line all audit functions as they relate to cost control, procurement, standard procedures and systems for use within the Bank.
To undertake regular spot audit check and inspections of sensitive areas and investigate general or specific irregularities and to follow up promptly to ensure that corrective actions recommended by the BOT, internal/external auditors are implemented and that the interest of the Bank is not compromised through any irregularities that may lead to financial loss.
To carry out assignments and investigations as may be directed by the Board, Audit committee, CEO or the Management from time to time as deemed appropriate
To investigate cases of irregularities fraud and to provide appropriate recommendations to management for current cases and to avoid recurrence.
To be part of the regional inspection and audit team and may be assigned any specific duties at Kenya, Uganda, and Burundi as may be deemed appropriate by management.
Educational Qualifications
Post graduate qualification in Accounting or Finance e.g. MBA degree and any other relevant professional qualifications such as ACCA or CPA. Internal Audit certification would be an added advantage.
Experience & Competencies Required
Minimum of 10-15 years of practical audit experience in a commercial banking environment or a large organization at a senior level
A structured approach to dealing with complex and variable work environments an independent manner
Strong evaluation, communication and reporting skills
Able to provide advice and cause/effect evaluation to support business decision making.
Good at managing large volumes of information and can add value through management reporting.
Application Instructions:
Interested applicants should mail their covering letter indicating preferable working station plus CV to
Recruitment@diamondtrust.co.tz
Head Office
901 Harbourview Towers, Samora Avenue
P O BOX 115
Dar es Salaam
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