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Job Title:   Chief Internal Auditor

Organisation: Cairo Bank Uganda

Duty Station: Kampala, Uganda

Reports to: Chairman, Board Audit Committee

About Organisation:

Cairo Bank Uganda was incorporated on 11th July, 1994.  The Bank was formerly known as Cairo International Bank owned by the three leading Egyptian Banks namely; Banque Du Caire, Bank Misr and National Bank of Egypt.  In 2019, it became a fully owned subsidiary of Banque Du Caire (BDC). The shareholder consolidation in 2019 was on the back of expanding its presence across Africa whilst providing an entry point into the COMESA market.

Job Summary:  The Chief Internal Auditor will provide independent, objective assurance and advice designed to add value and improve the organisation’s operations while focusing on internal control systems, risk management framework and governance.

Key Duties and Responsibilities:

• Develop policies and procedures for the audit function to guide the governance framework of audit activities within the Bank.
• Develop and update comprehensive annual audit plans to ensure risk-focused and value-added audits are carried out.
• Develop and implement Audit Quality Assurance Improvement Programs to ensure audit services continue to offer value-added services to the Board and Management.
• Give overall supervision of the work of audit staff to ensure timely implementation of approved audit plans and ensure maintenance of a high-quality standard of audit work.
• Advise the Board and Management and make recommendations for improving management controls and risk management; to ensure achievement of strategic business objectives.
• Oversee the provision of assurance to financial performance, compliance, system security and due diligence.
• Oversee the provision of consulting services which are advisory and related client service activities, such as conducting internal control training, providing advice to management about the control concerns in new systems, reviewing draft policies, and participating in quality review of the Bank’s projects.
• Certify statutory returns to the Bank of Uganda to ensure accuracy and avoid penalties to the Bank.
• Supervise, review, and participate in the training of internal Audit staff to ensure competent audit personnel able to deliver high-quality service.
• Interact with the Risk and Compliance Departments to identify key risks that require audit attention.
• Manage the internal Audit budget and keep departmental costs at a minimum.
• Make recommendations that are intended to enhance cost containment, detection of income leakage and revenue recovery.
• Evaluate and provide assurance to the Board that risk management, controls, and governance systems are functioning as intended and will enable the organization to achieve superior financial performance.
• Conduct internal investigations and offer suggestions for the deterrence of fraud.

Qualifications Skills and Experience:

• A Bachelor’s degree from a recognized university and professional training relevant to the role. A Master’s degree is an added advantage.
• A bachelor’s degree in finance, accounting, or any other business-related discipline
• A professional qualification in accountancy and auditing such as ACCA, CPA, CIA
• Full membership of the Institute of the Certified Public Accountants of Uganda (ICPAU)
• A minimum of 8 years of working experience in an auditing firm or in an internal audit function, of which at least 5 years must be at a managerial level.
• Must have a thorough understanding of the principles and application of good corporate governance, business and operational risk and control processes & procedures in banks.
• Thorough understanding of auditing standards, and audit procedures, including risk-driven audit planning techniques and methods.
• Sound independent judgement with excellent analytical and problem-solving skills.
• Data analysis skills, with strong communication skills and the ability to prepare concise oral and written reports.
• Strong communication and interpersonal skills, and the ability to interface at all levels of the organization.
• The ability to achieve an appropriate balance between the independence of the internal auditor’s role with the need to work collaboratively with management for the betterment of the organization.

How to Apply:

All suitably qualified and interested candidates should send their application letters and curriculum vitae to the Head of Human Resources at recruitment@cbu.co.ug

Deadline: 18th June 2024 by 5 pm

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