The Internal Auditor will be responsible for reviewing, evaluating and improving the effectiveness of risk management, control and governance processes within the Sacco. That involves conducting audits, preparing reports, collaborating with staff at all levels and ensuring adherence to regulatory requirements and internal policies. Key Responsibilities: Audit Planning and Execution: Develop and implement annual audit plans based on risk assessments. Conduct audits across various departments, including financial, operational, and compliance audits. Review processes to identify weaknesses and recommend improvements. Reporting and Documentation: Prepare comprehensive audit reports outlining findings, risks, and recommendations. Present findings to the Supervisory Committee and relevant stakeholders. Maintain accurate records of audits performed, findings, and the status of corrective actions. Risk Management: Assess and evaluate the effectiveness of internal controls. Identify potential risks to the Sacco’s operations and develop strategies to mitigate them. Compliance: Ensure adherence to legal and regulatory requirements relevant to the Sacco’s operations. Monitor changes in laws and regulations, advising the management and Supervisory Committee accordingly Collaboration and Advisory: Work closely with the CEO and senior management to provide insights on improving operational efficiency and effectiveness. Offer guidance on best practices in internal controls and governance. Continuous Improvement: Stay updated on emerging trends, best practices, and developments in the audit profession. Lead initiatives to enhance audit methodologies and procedures within the Sacco.
