HEAD, INTERNAL AUDIT – Botswana Savings Bank 2037 views

Reporting to the Board of Directors and with a dotted line to the CEO the incumbent will be responsible for planning, coordinating and managing the development and implementation of internal audit policies, strategies, procedures and programmes in accordance with best practice audit standards and conventions. The Head, IA provides a systematic and disciplined approach to evaluate and improve the effectiveness of organisational controls and governance processes in order to ensure compliance with internal control systems and procedures to protect the assets of the Bank and the interests of its customers.

Key Areas of Responsibility:
1. Establish and ensure the implementation of Internal Audit policies, strategies and procedures in accordance with best practice (including financial, operational and administrative processes and procedures).
2. Establish and ensure the implementation of operational policies and programmes which will optimise the utilisation of resources and delivery quality audit of services to all functions, including financial and operational audits.
3. Develop and ensure the implementation of appropriate codes of conduct, and, in conjunction with other Departments, ensure appropriate controls are put in place to provide the necessary procedural checks and balances necessary to protect the organisation from non-compliance and potential criminal activities.
4. Draw a risk-based annual audit plan for approval by the Board Audit and Finance Committee.
5. Plan and schedule audit assignments by assessing and prioritising financial and operational activities, ensuring that high risk areas are addressed and that such risks are minimised through audit recommendations made, to improve the soundness and effectiveness of the internal control systems.
6. Undertake audits and prepare audit reports which highlight significant weaknesses with the internal control system and advises on the reliability and integrity of financial and operational information.
7. Develop and present constructive corrective action plans to Management and the Board Audit and Finance committee to rectify weaknesses identified during audits.
8. Review the internal control systems established to ensure compliance with those policies, plans, procedures, laws and regulations that could have significant impact on operations and report on whether the organisation is in compliance.
9. Review the means of safeguarding assets, physical, financial or otherwise, and where appropriate, verifying the existence of such assets.
10. Review operations and programmes to ascertain whether results are consistent with the established goals and objectives and whether the operations are being carried out as planned.
11. Determine the adequacy and effectiveness of systems of internal controls and determine whether the records are kept systematically to enable easy accessibility of information.
12. Review the planning, design, development, implementation and operation of major projects including computer-based systems.
13. Conduct periodic audits of the ICT division and makes post installation evaluations of major data-processing systems and review the process used for planning and organising the information systems activity as well as the processes for monitoring that activity.
14. Perform special reviews for instances of fraud, error, and impropriety and provide Management with advice on preventive measures and deterrents of fraud.
15. Evaluate and assess the effect of significant operational changes on internal controls.
16. Provide quarterly reports to the Board Audit and Finance Committee on significant audit findings and on the status of the implementation of previous audit recommendations.
17. Provide reasonable assurance to the Board on the adequacy of systems and processes of risk management and corporate governance by reviewing them and providing constructive criticism as required.
18. Liaise with External Auditors and ensure that External Auditors have access to such records as they deem necessary to carry out their work and, together with the CFO, assist in resolving Audit queries.

Job Requirements:
• Membership of an internationally recognised audit or accounting institution (e.g. IIA, CIA, ACCA, CIMA) or a Master’s degree in Internal Audit and Management
• Ten (10) years’ experience in an internal audit environment or equivalent (preferably in a major financial services provider) including three (3) years at a managerial level.

Compensation
BSB offers attractive remuneration package to the most suitable candidates.

Interested and qualified
Applications clearly marked with the position being applied for in the subject line and latest CVs (providing at least three referees) and certified copies of educational certificates should be sent to the following email address [email protected] on or before the 23rd May 2021.

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