Job Purpose Statement

Provide independent, reliable, valued, insightful and timely assurance to the Board and Executive Management on effectiveness of governance, risk management and control over current and evolving risks.

Key Accountabilities (Duties and Responsibilities)

Financial 5%

• Manage the Internal Audit costs in line with the approved IA budget.
• Conduct audit reviews that seek to optimize the bank’s costs.

Internal business processes 75%

• Assist in annual audit planning and scoping activities in line with the bank’s strategic pillars.
• Execute the audit plan by timely delivery of audit and consultancy/advisory assignments.
• Utilize Data Analytics tools in audit testing to provide assurance on 100% population on automated processes.
• Document, and communicate to stakeholders the results of audit highlighting residual risks and proposing mitigating controls for future improvement.
• Track audit issues and perform issues validation on to confirm adequacy of issues closure by management.
• Assist in preparation of audit packs for Management, Group, and Board reporting.
• Conduct continuous business monitoring highlighting significant issues impacting the bank, and suggesting solutions to overcome them.
• Perform independent key risk assessments and evaluate impact on the overall bank’s risk profile and audit universe.
• Provide support to external auditors, regulatory examiners and assessors in performing their reviews.
• Review regular financial/accounting reports including review of quarterly financial statements for publication purposes as guided by the Regulator (Bank of Tanzania).
• Monitor whistleblowing process in line with the bank’s whistleblowing policy.
• Assist in review of Internal Audit policies, procedures, and methodology to promote efficiency in audit execution and provide greater value to the bank.
• Carrying out special investigation/tasks as may be directed from time to time by the immediate supervisor and the Head of Internal Audit.

Customer 10%

• Understand the needs of clients and make decisions using this knowledge, and perform customer centric audits targeting at improving process efficiency.
• Conduct advisory and consulting audit reviews targeting at customer value addition.
• Build strong relationships and mutual trust with all internal and external stakeholders.
• Timely discuss and agree on the factual accuracy of audit observations with audit clients.
• Produce timely audit reports, and follow-up on timely remediation of audit findings especially those with direct impact to customers.

Learning and growth 10%

• Embrace continuous learning and professional development.
• Be a change agent and be positive to change.
• Open-minded spirit, receive and implement feedback
• Attain the minimum learning hours including mandatory annual CPD hours to maintain the requisite professional qualifications.
• Stewardship-be passionate about leaving things better than you found them.
• Living NCBA values

Job Specifications

Academic Qualifications:

First degree preferably in Accountancy, Finance or Business Administration.

Professional Qualifications:

Qualified as CPA, ACCA, CIA, or equivalent

Desired work experience:

• At least 7 years’ experience of risk based auditing or risk/control assurance activities in financial services industry in a managerial position,
• Relevant experience in financial services industry and knowledge about new and emerging financial products and services
• Practical understanding of regulatory environment
• Proven track record of good conduct and high performance in previous roles.
• Practical experience in computer based audit techniques within financial service industry.
• Practical experience in use of Microsoft Office Packages.
• Good communication and stakeholders management skills.

Job Dimensions

Reporting Relationships: jobs that report to this position directly and indirectly

Direct Reports - N/A

Indirect Reports - N/A

Stakeholder Management: key stakeholders that the position holder will need to liaise/work with to be successful in this role.

Internal:

• Internal Audit colleagues,
• Management
• Group IA colleagues
• Board Audit Committee

External:

• Customers
• Shareholders
• Regulators
• External Auditors

Decision Making Authority /Mandates/Constraints: the decisions the position holder is empowered to make (Indicate if it is Operational, Managerial or Strategic). Please also highlight any budgetary control responsibility if applicable for the role.

Managerial

Work cycle and impact: time horizon and nature of impact (Planning)(e.g. Less than 1 week, 2 weeks, 2 weeks – 1 month, 1month – 3 months, 3-6 months, 6-12 months, above 1 year)

Above 1 year

NCBA Bank Core Value Behaviours

• Coaching & Developing Others Advanced
• Building Trust Advanced
• Selling the Vision Advanced
• Driving for Results Advanced
• Business Savy Advanced
• Openness Advanced
• Building Organizational Talent Advanced
• Empowerment & Delegation Advanced
• Fostering Collaboration Advanced
• Responsiveness Advanced

• Manage the Internal Audit costs in line with the approved IA budget.
• Conduct audit reviews that seek to optimize the bank’s costs.
• Assist in annual audit planning and scoping activities in line with the bank’s strategic pillars.
• Execute the audit plan by timely delivery of audit and consultancy/advisory assignments.
• Utilize Data Analytics tools in audit testing to provide assurance on 100% population on automated processes.
• Document, and communicate to stakeholders the results of audit highlighting residual risks and proposing mitigating controls for future improvement.
• Track audit issues and perform issues validation on to confirm adequacy of issues closure by management.
• Assist in preparation of audit packs for Management, Group, and Board reporting.
• Conduct continuous business monitoring highlighting significant issues impacting the bank, and suggesting solutions to overcome them.
• Perform independent key risk assessments and evaluate impact on the overall bank’s risk profile and audit universe.
• Provide support to external auditors, regulatory examiners and assessors in performing their reviews.
• Review regular financial/accounting reports including review of quarterly financial statements for publication purposes as guided by the Regulator (Bank of Tanzania).
• Monitor whistleblowing process in line with the bank’s whistleblowing policy.
• Assist in review of Internal Audit policies, procedures, and methodology to promote efficiency in audit execution and provide greater value to the bank.
• Carrying out special investigation/tasks as may be directed from time to time by the immediate supervisor and the Head of Internal Audit.
• Understand the needs of clients and make decisions using this knowledge, and perform customer centric audits targeting at improving process efficiency.
• Conduct advisory and consulting audit reviews targeting at customer value addition.
• Build strong relationships and mutual trust with all internal and external stakeholders.
• Timely discuss and agree on the factual accuracy of audit observations with audit clients.
• Produce timely audit reports, and follow-up on timely remediation of audit findings especially those with direct impact to customers.
• Embrace continuous learning and professional development.
• Be a change agent and be positive to change.
• Open-minded spirit, receive and implement feedback
• Attain the minimum learning hours including mandatory annual CPD hours to maintain the requisite professional qualifications.
• Stewardship-be passionate about leaving things better than you found them.

• Practical experience in computer based audit techniques within financial service industry.
• Practical experience in use of Microsoft Office Packages.
• Good communication and stakeholders management skills.
• Data Analytics tools in audit testing
• Risk based auditing and risk/control assurance
• Understanding of the regulatory environment

• First degree preferably in Accountancy, Finance or Business Administration.
• Qualified as CPA, ACCA, CIA, or equivalent
• Proven track record of good conduct and high performance in previous roles.