Tropical Bank Careers – Head of Internal Audit

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Organisation: Tropical
Bank
Duty Station: Kampala,
Uganda
Reports to: Board Audit
Committee
About Us:
Tropical Bank was established
in 1973 under the name Libyan Arab Uganda Bank for Foreign Trade and
Development. Tropical Bank Limited is jointly owned by the Governments of the
Republic of Uganda 0.03% and the Libyan Foreign Bank (LFB) 99.97% of Paid-up
Capital.
Job Summary: The Head of
Internal Audit will be responsible for the independent appraisal
and detailed review of all activities within the Bank for conformity with
accounting principles, financial procedures and other business policies and
practices as laid out in relevant operating manuals and guidelines and for
compliance with the provisions of the Financial Institutions Statute 2004, and
any other directives from the Regulatory Authority, Bank of Uganda.  In
addition s/he is expected to keep Management fully informed on operations of
the Bank and to continually review and report on various aspects of business,
policies and internal controls and compliance with legal and statutory
requirements.
Key Duties and
Responsibilities: 
  • Plan and implement the
    Internal Audit programs and Annual Work Plan for the department and ensure
    that it (department) contributes to efficient and effective management of
    the Bank and enabling the Bank to achieve its set objectives.
  • Prepare and submit
    annual departmental work plans and budget and carry out monthly
    performance reports taking into account management policies, objectives
    and the audit and inspection programs for the year.
  • Continually update the
    internal audit manual
  • Continuous review of
    the Performance and Implementation of the Annual Work Plan.
  • Perform periodic
    checks in all staff and line functions to confirm that all accounting and financial
    procedures and operations of the Bank are being conducted in conformity
    with the guidelines in the accounting and operational manuals and
    provisions of the Financial Institutions Statute, 2004 and any directives
    from the Bank of Uganda.
  • Review and appraise on
    a continuous basis the implementation of management policies and Board
    resolutions as well as the departmental budget performance of work
    programs.
  • Carry out special
    investigations as directed and produce findings and recommendations for
    better performance of the bank.
  • Guarantee regular
    verifications of all accounting records and documents related to
    facilities extended by the Bank to its customers for completeness,
    correctness and accuracy.
  • Ensure regular revenue
    audit to minimize leakage due to:-Incorrect calculations, Quotation of
    incorrect interest rates, Omission to recover charges such as accounts
    closing, ledger fees, TT charges, commissions on FOY drawings, etc.,
    Failure to collect service cheques
  • Make sure that all
    regular checks on all payment vouchers for proper   
    booking in the correct accounts and proper authorization.
  • Prepare and submit
    regular reports and recommendations for appropriate action to the Board
    Audit Committee.
  • Supervise, appraise,
    train and evaluate performance of staff in the department.
  • Follow-up of audit
    issues raised in the previous audit reports and the Bank of Uganda
    Inspection Team.
  • Follow-up issues
    raised by the Audit Committee of the Board.
    Perform any other duties as assigned by the Management and the Board.
Qualifications, Skills and Experience: 
  • The ideal candidate should hold a Bachelor’s
    degree in Commerce, Business Administration specialising in Accounting or
    any other Bachelor’s degree specialising in accounting from an accredited
    university
  • Professional
    qualification in accounting e.g. ACCA, CA, CPA, CIPFA
  • Professional
    qualification in Banking (added advantage)
  • At least ten years’ working
    experience in a similar position in a busy financial environment with a
    demonstrated experience of at least 3 years as Head of Internal audit
    function.
  • Possess the ability to
    work under minimum supervision
How to Apply
If your qualifications and experience match those described above
please send your full application to the following address quoting the job
title. Please attach your fully updated 
CV , email and day time telephone contact, academic testimonial and a
clear letter of not more than 2 pages explaining why you consider yourself to
be the best suited candidate.
The Partner, Executive Recruitment Division
(Attn: Dr. Twaha K. Kaawaase)
Sejjaaka, Kaawaase & Co.Certified Public Accountants
Plot 31 Bukoto Street, Kololo,
P.O.Box 7657
Kampala, Uganda
cpa@africaonline.co.ug
Deadline: 25th April, 2014

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