Job Summary
The Senior Manager, Internal Audit (Quality Assurance & Improvement Program – QAIP) will be responsible for developing, implementing, and enhancing leading practices in Internal Audit Quality Assurance, ensuring compliance with the Institute of Internal Auditors’ (IIA) General Internal Audit Standards (GIAS), Afreximbank’s audit methodologies, and internal policies.
This role does not involve planning, executing, or reporting on regular internal audits or special reviews, but instead focuses on audit quality assurance, process improvements, and external audit coordination.
The ideal candidate should have extensive experience in internal audit quality assurance, risk-based assurance, process improvement, and compliance monitoring.
Key Responsibilities
Internal Audit Quality Assurance & Risk Assessment
- Develop and implement a multi-year quality assurance plan (QA plan), including QA risk assessments and resource allocation.
- Execute quality assurance reviews to ensure adherence to IIA standards and Afreximbank policies in internal audit processes.
- Identify internal audit process improvements and implement best practices to enhance operational efficiency.
Audit Reporting & Follow-up
- Prepare quality assurance reports with insights and recommendations for process improvement.
- Conduct follow-up reviews to assess the effectiveness of corrective actions taken.
- Maintain workpaper documentation to support audit findings and conclusions.
External Audit Coordination & Regulatory Compliance
- Coordinate external quality assessments of the internal audit function and ensure implementation of recommendations.
- Monitor compliance with anti-money laundering (AML), anti-bribery, and corruption regulations.
- Ensure adherence to fiduciary, regulatory, and internal policies governing internal audit practices.
Stakeholder Engagement & Knowledge Sharing
- Serve as a subject matter expert (SME) on audit quality and risk-based assurance.
- Build partnerships with external audit institutions and peer organizations to enhance internal audit quality.
- Act as an advocate for continuous improvement and transformation in internal audit methodologies.
Minimum Qualifications & Experience
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Education:
- Bachelor’s degree in Accounting, Business Administration, Economics, Finance or related fields from a recognized University.
- Master’s degree in Accounting, Business Administration, Economics, Finance or related fields from a recognized University.
- Relevant professional qualifications in Accounting or Auditing such as ACA, ACCA, CA, CPA, CIA, CISA, etc.
- Experience:
- Minimum of 10 years experience in IA QA with the last 5 years in a leadership role, preferably in the financial services industry or related role in consulting including professional practice as external quality assurance provider/ regulator.
- Demonstrable knowledge and experience in developing Risk-Based Internal Audit (RBIA) methodologies, conducting internal audit function’s risk assessment and implementing quality assurance principles, practices and frameworks.
- Extensive knowledge of the industry and international regulatory standards; and experience in developing Internal Audit performance metrics or reporting guidelines.
- Strong analytical skills, including ability to leverage leading practices and tools (data analytics, processes automation) in implementing IA-QAIP.
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Soft Skills:
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- Self-motivated and ability to drive work to a conclusion and meet deadlines with minimal supervision. The candidate should be able to work independently as well as a cohesive member of a small team.
- Ability to work effectively in an evolving and challenging multi-cultural environment.
- Excellent verbal and written communication skills in English combined with ability to build compelling business cases and adapt communication style to gain buy in. Knowledge of the Bank’s other working languages (French, Arabic and Portuguese) is an added advantage.
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Application Process
Interested candidates should submit their CVs to Afreximbank@robertwalters.com with the job title “Senior Manager, Internal Audit (Quality Assurance & Improvement) – Afreximbank” clearly stated in the email subject line for proper consideration.