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Job Title:  Internal Audit Manager  

Organisation: UGAFODE Microfinance Limited (MDI)

Duty Station: Kampala, Uganda

Ref: HR/STAFF/VAC – 31/7/2024/1

About Organisation:

UGAFODE Microfinance Limited (MDI) is a registered financial institution in Uganda and is adherent to the Central Bank’s regulations and guidelines and was founded in 1994 to provide quality microfinance services.

Job Summary:   The Internal Audit Manager will be responsible for managing all Audit activities that lead to independent, objective assurance and consulting activities aimed at enhancing value and operational improvements. The role is also charged with ensuring a systematic, disciplined approach to evaluate the effectiveness of Risk Management, Control and Governance Processes in order to achieve and maintain a sound internal control and governance environment for UGAFODE (MDI) Ltd.

Key Duties and Responsibilities:

• Participate in developing, coordinating the audit annual plan for the Internal Audit department: Identify, coordinate and align annual audit activities to be executed by the internal audit team, ensuring efficient and effective utilization of audit resources. Contribute to the development of the department budget and track its utilization.
• Audit Project Supervision: Plan/ supervise the planning and execution of audit assignments, including reviewing and managing audit programs, working papers and audit findings from Internal Auditor Officers to ensure timely and effective execution of the audits.
• Audit Execution: Execute or lead teams on investigation/consulting and other audit engagements. Assess the Institution’s risk management framework, compliance with applicable laws, regulations, industry standards and evaluate the effectiveness of internal controls across various functions of the institution.
• Audit Reporting: Prepare, review detailed reports based on the results of regularly scheduled audits, non-scheduled audits and fraud investigations.
• Quality Assurance and Improvement Program: Maintain quality assurance processes to ensure effective and consistency of audit engagements. Stay updated with auditing techniques and standards.
• Stakeholder Engagement: Interact with various stakeholders including senior management, external auditors etc. Facilitate open communication and address concerns/inquiries related to audit activities.
• Team Supervision: Take full responsibility for performance management of all direct reports, focusing on all aspects of sound people management e.g. Recruitment, Development, Performance Management, Remuneration and Rewards, Career path planning, On-the-job training, coaching & mentoring and Employee engagement.
• Assume the Head of department mandate in the event of absence or as may be requested from time to time.

Qualifications, Skills and Experience:

• Bachelor’s degree in accounting, Business Administration, Commerce or finance, actuarial science, statistics etc
• Professional certification in ACCA/ Certified Public Accountant (CPA), Certified Internal Auditor (CIA) is an added advantage.
• Minimum of three (3) years of experience in banking/ related financial institution or internal auditing or external auditing.
• Leadership and supervision skills or experience.
• Deep understanding of the concept of internal controls, governance and risk management; banking and auditing
• Strong aptitude for easy and quick learning of emerging audit standards
• Broad knowledge of Banking Operations, Pertinent Banking Compliance legislation, policies and procedures
• Solution-focused, flexible thinker with a strong “can do” attitude
• Sound judgment and decision-making skills
• Strong analytical, networking and stakeholder engagement skills.
• Ethical and professional conduct
• Ability to work well under pressure

How to Apply:

If you believe you meet the requirements as noted above, please submit application letter endorsed by your Line Manager, an up-to-date CV to our email only: recruitment@ugafode.co.ug. Please indicate the position you are applying for in the Subject Line e.g. “Internal Audit Manager”). Applications should be addressed to the Head of Human Resource.

Deadline: 5th August 2024 by 5:00 pm.

NB: Only shortlisted candidates will be contacted. Ladies are encouraged to apply

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