Internal Auditor Job Placement – Stanbic Bank

Title:          Internal Auditor
Organisation: Stanbic Bank
Kampala, Uganda
Stanbic Bank Uganda Limited
is a subsidiary of Stanbic Africa Holdings Limited which is in turn owned by
Standard Bank Group Limited (“the Group”), Africa’s leading banking and
financial services group. The Standard Bank Group is the leading banking group
focused on emerging markets. It is the largest African banking group ranked by
assets and earnings. Stanbic Bank Uganda Limited is the largest bank in Uganda
by assets and market capitalization. It offers a full range of banking services
through two business units; Personal and Business Banking (PBB), and Corporate
and Investment Banking (CIB).
The Internal
Auditor will be tasked with reviewing and assessment whilst working in collaboration
with Audit Managers to identify  the high
risk areas of the business in order to give assurance to the Board Audit
Committee, Business Executives and Shareholders that good governance practices
are in place and internal controls are exercised throughout the financial
period.  The incumbent will provide
support in ensuring the achievement of the Internal Audit (IA) function mission
which is to provide independent, objective assurance and consulting services
that are designed to add value and improve operational controls. The incumbent
will support Internal Audit in accomplishing its objectives by bringing a
systematic, disciplined approach to the evaluation and improvement of the
effectiveness of risk management, control and governance processes
Duties and Responsibilities: 
Implement functional and
service strategy:
  • Understand
    the Internal Audit (IA) strategy and its link to Bank Strategy.
  • Understand
    and Comply with the IA standards and methodology as defined and supported
    by the audit tool.
  • Execute
    allocated operational plans in line with the IA strategy.
  • Create
    and manage component of overall project plan. Meet assigned budget and
    project milestones. Provide formal weekly project status updates/reporting.
  • Contribute
    to definition and delivery of team goals and KPIs to support delivery of
    IA annual performance goals.
  • Provide
    input to all committee reports as required.
Manage relationship and
allocated portfolios:
  • Build
    and foster a good relationship with business units, enabling functions,
    internal audit teams and colleagues – through regular communication and
    formal status reporting.
  • Understand
    detailed business process activities and key risk concerns as well as
    activities performed in Enabling Functions that support these as well as
    industry and latest trends impacting risk and control practices
  • Identify
    and recommend areas of improvement (to accountable process owners) in the
    control environment of your allocated audit portfolio and other areas of
    the bank.
  • Report
    or share information on emerging trends and potential solutions for
    addressing control weaknesses, process efficiency challenges or resolving
    open audit issues.
Provide the third line
assurance services
  • Actively
    contribute to development of the IA Annual Audit Plan applying a risk
    based approach.
  • Deliver
    all allocated assignments within with agreed time, scope, and budget.
  • Deliver
    allocated components of the audit/advisory/proactive assurance assignment
    and report on these according to the IA methodology and IA quality
  • Significantly
    contribute to continuous enhancement of quality control standards and
    toolkits for audit assignments.
  • Complete
    all assigned / functional working papers, from planning to report within
    deadline, and ensure correct classification and allocation of findings in
    the Audit Tool.
  • Report
    key issues or audit findings accurately in a succinct, impactful manner,
    clearly articulate and substantiate materiality or significance of the
    risk and its impact.
Contribute towards team
goals and objectives by managing own training requirements
  • Contribute
    towards team goals and objectives. Provide formal performance feedback to
  • Manage
    own training requirements and complete of all Compliance related training.
  • Proactively
    drive own development plans. Facilitate development of junior staff, where
    applicable. Coach/mentor individuals or intentionally transfer knowledge
    to individuals on the job to mature their professional skills and careers.
Manage Audit database for
future use
  • Collect,
    document and store key information about the audit portfolio in the
    allocated IA database for common usage. E.g. Stakeholder list by category
    and needs; audit portfolio key information documents; detailed business
    process or standard operating procedure documents; business and technology
    architecture documents; project initiatives, and other.
Skills and Experience: 
  • The
    ideal candidate for the Stanbic Bank Internal Auditor job placement must
    hold a first degree in Business, Commerce, Accounting or relevant subject
    from a recognised university
  • Professional
    qualification in  ACCA
    (significantly completed is required)
  • CIA,
    CISA/CISM would be an added advantage
  • A
    minimum of three years’ experience in Internal/external audit with a
    reputable organization
  • Banking
    experience preferred although not mandatory
  • Management
    of Audit function – Basic:
    ability to manage the operations of the internal audit function to deliver
    business value and continuously develop it to maintain its relevance
    within the organisation and with the relevant regulators.
  • Maintain
    IA Professional Practices – Proficient:
    Knowledge of Internal Audit
    International Professional Practices and apply them to improve the audit
    methodology, and as a quality standard for audit engagement deliverables
    to ensure continuous improvement of the audit function.
  • Written
    Communication – Advanced:
    to express ideas by means of clear and effective writing, in order to
    support professional communication internally within the Bank and
  • Effective
    Business Communication – Proficient:
    Proven ability to communicate
    information and ideas in a clear and concise manner appropriate for the
    audience in order to explain, persuade, convince and influence others to achieve
    the desired outcomes.
  • Execute
    Audit Delivery – Proficient:
    ability to plan, execute, report on an audit or advisory review assignment
    following the  Internal Audit
    methodology in order to meet the audit objectives and give assurance to
    management on the Bank’s risk and control environment.
  • Apply
    Critical Thinking – Proficient:
    The ability to apply problem solving techniques and
    appropriate research data to appraise the efficiency and effectiveness of
    business processes and identify and provide new insights and practical
    business solutions that can be implemented.
  • Business
    Acumen – Proficient:
    the banking industry and the impact that the economic and regulatory
    environment have on the organisation. 
    Apply this knowledge in your assessment of risks and recommendation
    of appropriate control and quality frameworks.
to Apply:
All candidates who wish to
join the one of Africa’s biggest Banking Groups, Standard Bank in the
aforementioned capacity are encouraged to Apply Online by visiting Link below.
22nd August, 2016

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