• Required No. of Employee's: 1
• Salary: 0.00
• Duration of Employment: Full Time

• Preferred Sex: Male/Female
• Location of Vacancy: Zambia

Job Description:

• To provide independent, objective assurance and advisory services designed to add
  value and improve the banks’ operations by bringing a systematic, disciplined approach
  to evaluate and improve effectiveness of Risk Management, control and governance
  processes. The internal audit activities for the incumbent involve analyzing risks and
  controls, recommending process and control improvements and providing Audit
  reports to relevant stakeholders.
  Key Responsibilities
  Under the supervision of the Assistant Head-Internal Audit the following are among
  the key responsibilities:
  Internal controls and Risk Management
  Perform annual and periodic assessments of the bank operations.
  Contribute in the development of a comprehensive Risk based plan,internal audit
  policies and procedures.
  Execute the audit plan in line with the Internal Auditing Standards, Regulatory
  framework and best practice of risk-based auditing.
  Review and compile audit programs and checklists to ensure they adequately cover
  the risk profile of the bank in line with the risk assessment framework.
  Ensure adequate audit coverage of the banks key area in line with the risk families
  adopted from COSO framework.
  Conduct investigations, as requested by Management or any committee of the
  Board, and working in collaboration with regulatory and law enforcement agencies
  in such cases as deemed necessary.
  Perform any other duties assigned by Chief Internal Auditor.
  Control assessment
  Evaluate controls over the banks Operational processes and Credit portfolios.
  Evaluate business risk positions taken by the bank with a principal focus on products
  and processes and offer recommendations.
  Maintain a comprehensive oversight of the main areas of risk and control weaknesses
  in the Bank’s business model and operational infrastructure.
  Business advisory
  Initiate and conduct end-to-end advisory reviews on key business considerations.
  Perform special reviews on management agreed upon procedures (e.g. Revenue
  assurance, project appraisals, etc)
  Monitor the control environment and highlight to management in liaison with
  Senior Audit Manager, Assistant Head Internal Audit and Chief Internal Auditor on
  any emerging risks(internal/external) to the bank.
  Audit Leadership
  Assist supervising Internal Audit team on Assurance and Special/ad hoc assignments
  to ensure audit efficiency (time management) and effectiveness
  EMPLOYMENT AND CAREER DEVELOPMENT OPPORTUNITIES
  SUPPORTING YOU. DEVELOPING ZAMBIA
  Assist in championing implementation of best practices, policies and procedures
  for the Internal Audit function in line with IIA standards and frameworks.
  Audit issue resolution
  Ensure timely resolution of Internal Audit and Regulatory issues through continuous
  engagement process with management.
  Validate and close audit open itemss.
  Accountability risk and Compliance
  Ensure compliance with Bank of Zambia and statutory regulatory bodies
  Ensure conformance with Institute of Internal Audit (IIA)Standards and code of ethics.
  Independently assess:
  The 1st Line of defence - The effectiveness of the business units risk taking activities
  within their assigned limits of risk exposure and in their responsibilities and
  accountabilities to identify, assess and control the risks of their business;
  The 2nd Line of defence - The effectiveness of risk management and compliance
  in their support and oversight functions.
  Accountability; Administration and Team Management
  Provide guidance on audit administration and execution to peer/subordinate audit
  staff
  Ensure completeness of Audit files
  Share Knowledge and experience with team members
  Effectively interface with all levels of management
  REQUIRED SKILLS AND ATTRIBUTES
  Audit & Investigation
  Financial and operational audit of organizations
  Financial/Banking Industry Knowledge
  Accounting Standards
  Policy Development
  Financial Reporting
  Analytical / Problem solving skills
  Certified Internal Auditor
  High level of Knowledge of all business areas

Qualification/Work Experience:

• ACCA/ CA Zambia /Degree in finance or or any other relevant field.
  A Masters in any of the above fields will be an added advantage.
  Must have a minimum of 5 years of experience and at least two (2) years of experience
  at management level in a related field in an Internal Audit function with a commercial
  bank or established Microfinance Institution
  Must be a Certified Internal Auditor (CIA)
  Member of ZICA & IIA
  Certified Fraud Examiner or other fraud or Forensic related certifications as an
  added advantage.

Employer: INDO ZAMBIA BANK

Location: Zambia