Role Title: Chief Internal Audit
Reporting Line: Chief Executive Officer and BARCC
Location: NMB Head Office Dar es Salaam
Application deadline: 1st December 2017
Company Description:
NMB Bank Plc. (“NMB”) is a full service commercial bank incorporated in the United Republic of Tanzania. Through its 4 main business divisions: Retail, Wholesale, Agribusiness and Treasury, NMB provides a suite of financial services and products to retail customers, Small and Medium Enterprises (SME’s), Corporates, institutions and the Government. The bank has 200+ branches, a growing number of 3500 Wakala and 700+ ATMs across the country and is present in 98% of all Government districts. NMB has over 2.5 million customers and employs over 3,400 staff. The Bank is listed on the Dar es Salaam Stock Exchange in Tanzania. With a balance sheet size of over TZS 5.3 trillion, NMB has consistently been the most profitable bank in the country for the last 11 years.
For the 5th year in a row NMB was declared Best Bank in Tanzania by Euromoney in the framework of Africa Awards for Excellence.
“NMB today is the bank that works, rather than one which exists. Tough decisions around capital, businesses and people have been made. Throughout that process, NMB has continued to deliver strong profits and pay industry-leading dividends to shareholders.” NMB’s Managing Director, Ineke Bussemaker, said innovative products, technology and investments in digital banking coupled with the widest branch network and ATM’s have contributed to the transformation of the bank making it the best bank for financial inclusion. “Solving the challenge of the countries unbanked will take investment, innovation and an ability to bring together key players in payments and other banking services. Currently, we are one of the key players in financial inclusion in the country and will continue to bring banking solutions fit for the majority.” said Ineke Bussemaker.
Winning the Best Bank Transformation in Africa and the Best Bank in Tanzania awards is a clear indication that our efforts are recognized not just in Tanzania but across the region.
Job Purpose:
The job holder is responsible to provide the BARCC, management and other stakeholders with risk based, objective and reliable assurance, advisory services and insights on controls, risk management and governance matters using leading practices supported by appropriate technology.
Key Responsibilities:
- Lead the development and implementation of internal audit work plans and programs, managing the audit team in assisting the business to implement controls and mitigate risks
- Work with the business and other units to proactively improve the environment
- Be accountable for third line of defense
- Stay abreast of the latest developments in ICT that impact the ICT risks in the bank and the possibilities to investigate using ICT
- Prepare a risk based annual audit plan for the approval of the Board Audit Committee
- Draft, review and update Internal Audit policies and manuals for Board approval
- Identify the relevant operating risks that may affect the organization and assess their likelihood of occurrence and the potential impact on the business
- Evaluate the adequacy and effectiveness of internal controls and the operating systems
- Provide support in ensuring that audit activities are carried out as per the audit professional guidelines and other applicable guidelines (International Professional Practices Framework (IPPF) by the Institute of Internal Auditors (IIA))
- Review audit findings with auditors, appraise the management and report to the Board Audit Committee
- Coordinate management actions and responses in respect to audit findings and observations
- Carry out investigations and special audits as requested by management, Board, or red flag noted by auditors
- Stakeholder management with Bank of Tanzania
- Manage the Audit team (30 staff), hierarchically and functionally, supporting the direct reports in their professional development. Reach the results through the team developing and executing the department’s strategy and plan
Attributes:
- Impeccable integrity
- Objectivity
- ICT audit
- Apply data analytics
- Investigative skills
- Eye for detail in checks and balances, rules and processes, risk and governance
- Multi stakeholder management: report to BARCC, Board and regulator
- Sound understanding of International Professional Practices Framework (IPPF), which comprises standards, code of ethics, and principles for the professional practice of internal audit
- Passion for internal audit in NMB, current state and future developments
Key competences:
- Execution: achieving results through others, leading team, peers etc.
- Collaboration: creating synergies through working in partnership, teamwork
- Change Potential: driving and responding to change
Qualifications and experience:
- Master’s degree in Finance or related field gained from a recognized university
- Accounting certification (CPA, ACCA or equivalent) is required
- Certified International Auditor (CIA) qualification (issued by IIA) is preferred
- Membership of the Internal Auditors (IIA) is preferred
- Membership of accounting professional body is required
- Information Systems Auditing Certification (CISA) is preferred
- Post graduate qualifications in banking is an added advantage
- 15+ years’ audit, ICT audit or accountancy experience, 5 years at senior management level
- Proven track record in audit or accounting in banking or a leading audit firm
This position is open to Tanzanian nationals only.
HOW TO APPLY
If you consider yourself to be a strong candidate based on the requirements for the role, we invite you to apply by sending your letter of application and CV to executives@nmbtz.com
