Head of Internal Audit

NIC Bank Tanzania is a Commercial Bank licensed by Bank of Tanzania to carry on banking business across a network of Branches.

NICBTZ is looking for committed, self-driven, dynamic and competent qualified candidates to fill the following vacancy;- Head of Internal Audit

Reporting: Board Audit Committee and administratively to the Managing Director

Principal Purpose:
• To carry out independent assessment of business and operational risks and review internal control systems, records and processes and make appropriate recommendations on the adequacy of internal controls to ensure proper, economic, efficient and effective use of the bank's resources.
• To champion the formulation and implementation of the internal audit strategic plan and execute the annual audit plan through provision of quality leadership of the Internal Audit department.
• It involves conducting an independent, objective assurance and consulting activity designed to add value to NIC Bank Group's operations. Emphasis is on evaluation and improvement of effectiveness of risk management, control and governance processes.

Key Responsibilities:
• Formulate 'and implement the audit strategy to evaluate the standards of risk management, accuracy of the records, procedures and control systems throughout the bank
• Assess and advice on internal control systems and risk in all business and operational areas of the bank including review of the suitability and reliability of management information systems.
• Design, review and continually update risk based audit procedures and compliance tests to monitor performance of all profit f cost centers against corporate targets and budgets. Review procedures, processes and records to ensure they are in line with the bank's objectives and appraise policies and plans of activities, departments and functions under audit review.
• Audit the strategic business units and departments of the bank as per approved Annual Audit Plan.
• Identify the potential high risk areas of the bank with the view to give them more weight in terms of audit timings, frequency and resources.
• Ensure that the Internal Audit function complies with sound internal audit-standards with appropriate code of ethics.
• Examine and evaluate the adequacy and effectiveness of the system of internal controls.
• Review the application and effectiveness of risk management procedures and risk assessment methodologies.
• Review the adequacy of management information system.
• Review the accuracy and reliability of the accounting records and financial reports.
• Review the system of assessing capital in relation to assessment and estimation of risks.
• Assess the efficiency of the usage of resources.
• Review the system established by the Management to ensure compliance with legal and regulatory requirements, code of conduct and the implementation of policies and procedures.
• Carry out special investigations.
• Liaise with departmental heads to ensure that audit findings and recommendations were fully implemented.
• Prepare audit reports to be submitted to the BAC on quarterly basis.
• Liaise with external auditors and other regulatory monitoring agencies and implement recommendations to improve controls, promote growth and ensure compliance with the law,

Qualifications, Knowledge and Experience
• Degree in Finance, Banking or Accounting with relevant professional training in Risk Management
• Minimum 8 years' working experience senior management level.
• CPA or equivalent and be registered Board of Accountancy and Auditors, ACCA, ClSA is mandatory
• Ability to anticipate and mitigate risk Management Policies
• Excellent knowledge of International Accounting and Audit Standards, Legislations
• Good understanding of the regulatory issues, reporting and operational requirement as provided by the regulators
• Decisiveness, resilience and good presentation skills
• Leadership Skills, Team Building and ability to train, develop and mentor staff

Remuneration
NIC Bank Tanzanias an equal opportunity employer. The Bank offers an attractive remuneration package, career development opportunities and an excellent working environment.


How To Apply:
Application letter with detailed curriculum vitae must be sent by email to careers@nicgroup.com before 3rd November 2017.

Regulated by Bank of Tanzania NIC Bank Limited is a wholly owned subsidiary of NIC Bank Group Plc.