Deputy Director, Assurance, Internal Audit & Risk Department (IAR) at CBK

The role holder is responsible for assisting the Director in developing and monitoring Departmental strategy and overseeing day to day running of the Department regarding planning, execution, reporting and follow up of audits and any other audit engagements/investigations. The role holder is also responsible for ensuring that the Bank has strong internal controls and governance processes.

1. Develop and monitor the Internal Audit strategic plan and report on its implementation.
2. Develop a risk based annual audit plan that is aligned to the risk profile of the Bank and monitor its implementation.
3. Develop the division’s operational plans, budget estimates, staff training and development plans and monitor and report on implementation.
4. Oversee the planning, scheduling and execution of audit engagements.
5. Provide risk advisory services to other departments to support maturity of the control environment and achievement of the overall Bank mandate.
6. Develop and implement continuous auditing and monitoring capability in the Bank.
7. Establish an effective audit issue follow up and reporting mechanism in the Bank.
8. Conduct assurance and consultancy assignments as requested by the Board Audit Committee and Management of the Bank.
9. Prepare periodic reports to Management and Board as required.
10. Lead, manage and coach the staff to achieve a high performing team.
11. Manage stakeholders to ensure achievement of the departmental mandate in the Bank.
12. Maintain a robust internal audit methodology in the Bank.
13. Establish a quality assurance program to achieve conformance to the Global Internal Audit Standards and staff compliance with the professional code of ethics.
14. Implement the Bank’s Performance Management Framework, define staff objectives, conduct staff performance reviews and advise on deployment and/or promotions.
15. Develop and implement a project assurance framework to support seamless delivery of Bank projects.
16. Leverage data analytics and other appropriate technologies and tools to drive automation and operational excellence in the Internal Audit processes.
17. Conduct regular departmental meetings and ensure staff are updated on developments within the Bank and the Internal Audit profession.
18. Perform other departmental administrative duties required to achieve the Bank’s mandate.

1. Bachelor’s Degree in Commerce, Business Administration, Economics, Finance, or a business related discipline.
2. Master’s degree in a relevant field of study is an added advantage.
3. Professional qualification in accounting is mandatory – Certified Public Accountant CPA(K) or Association for Chartered Certified Accountants (ACCA).
4. Membership of good standing in the Institute of Certified Public Accountants of Kenya and Institute of Internal Auditors.
5. Qualifications (s) in any of the following is an added advantage:
o Certified Internal Auditor (CIA)
o Certified Fraud Examiner (CFE)
o Certified Information Systems Auditor (CISA)
o Certified Information System Security Professional (CISSP)

Minimum of Ten (10) years Internal Audit experience in a large and reputable organization with seven (7) years in senior management role in Internal Audit.

Technical Competencies
Good understanding of the following knowledge areas:
1. Financial accounting and finance.
2. Managerial accounting.
3. Impact of government legislation and regulation on business and economics.
4. Quality management frameworks.
5. Ethics and fraud.
6. Information systems operations, management, and control frameworks.
7. Governance, risk, and control frameworks.
8. Organizational theory, structures, culture, and customer behaviour and satisfaction.
9. Internal audit standards, theory, and methodology.
10. Basic proficiency in the following areas:
• Computer assisted audit techniques (CAATs) and MS office suite
• Project management
• Business process analysis
• Balance scorecard
• Risk and control assessment techniques
• Governance risk and control: tools and techniques
• Data collection and analysis tools and techniques
• Problem solving tools and techniques

Behavioral/ General Competencies
1. Leadership and people management including performance management, coaching & mentoring.
2. High level interpersonal and cross-cultural skills, including ability to build consensus, alliances, and collaborative relationships with sensitivity to diversity.
3. Critical & analytical thinking and problem-solving skills- ability to understand issues from multiple perspectives/layers and take account of the wider business context when crafting solutions.
4. Project management skills.
5. Organizational and administrative skills.
6. Ability to be forward thinking and use technology and other modern tools to drive decision making and implementation.
7. Ability to consider emerging trends, developments and long-term opportunities and align organizational requirements with desired outcomes.
8. Strategic thinking and decision making.
9. Independence of thought and objectivity.
10. Professionalism, integrity, and honesty in line with CBK values.
11. Oral and written communication skills- ability to communicate clearly, simply and in a structured manner; and to use communication tools appropriately and effectively.
12. Ability to withstand strategic and operational challenges and maintain momentum.
13. Emotional intelligence.
14. Customer orientation.
15. Risk management- ability to identify departmental risks and develop mitigating measures.
16. Governance knowledge and ability to ensure good governance practices.
17. Ability to manage multiple stakeholders and drive change.