Job Description
Director, Internal Audit & Risk Assurance- SEKU Grade 3 (Formerly Grade 15) SEKU/ADV/AD/4/4/2023
TERMS: FIVE (5) YEAR RENEWABLE CONTRACT
Job Purpose
The Director is responsible for planning, developing and implementing an internal audit strategy that provides independent, objective assurance and consulting aimed at adding value, improving the operations of the University and establishing risk management controls and governance processes.
Duties and Responsibilities
1. Formulating internal audit policies and programs in accordance to the professional standards that govern auditing.
2. Establishing and assigning departmental goals to team members and evaluate their performance.
3. Coaching, mentoring, and developing career paths for direct reports.
4. Allocating of duties and responsibilities to the internal audit staff as per the work plan to ensure the objectives set are met.
5. Secretary to the Audit, Governance and Risk Management Committee of Council.
6. Overseeing the development and implementation of fraud investigation strategy to ensure all associated risks are detected in time.
7. Developing and overseeing implementation of risk assessment framework to ensure less risk exposure.
8. Developing internal audit budgets and work plans.
9. Assessing training needs of internal audit staff for capacity building purposes.
10. Developing annually a risk-based internal audit plan for Audit, Governance and risk Management Committee review and approval.
11. Overseeing the implementation of the approved plan, ensure proper resourcing for implementation of the plan.
12. Providing technical assistance with investigations, special audits, and provide subject-matter expertise as needed.
13. Performing organization-wide risk assessments to identify significant risks or exposure related to internal controls or compliance with University’s policies and procedures, laws and regulations.
14. Directing the work of external auditors on select audits, as directed by the Audit Committee and senior management, to ensure the audit work remains within the prescribed guidelines.
15. Recommending University-wide training based on gaps identified to ensure adherence to University practices and policies.
Requirements for appointment.
1. Be a holder of Masters Degree in Finance/Accounting option or its equivalent from an accredited and recognized university;
2. Be a holder of Bachelors Degree in Finance/Accounting option or its equivalent from an accredited and recognized university;
3. Must be a certified Public Accountant (K).
4. Be registered with ICPAK OR IIAK K and in good standing.
1. At least fifteen (15) years of cumulative relevant work experience, four (4) of which must be at management level in a public or private sector.
2. Management course lasting not less than Four (4) weeks cumulatively from a recognized institution.
1. Have outstanding professional competence and hands-on experience in Financial and Systems Audit and reporting.
2. Be computer proficient (Accounting packages) with detailed understanding of ERP.
3. Satisfy the requirements of Chapter Six of the Constitution of Kenya on Leadership and Integrity upon successful appointment.