Job Description

Post Title

Senior Internal Audit Officer

Duty Station

CBS Headquarter

Expected starting date

December, 2020

Status

Permanent

Appointment period 

Full-time

Reports to

Chief Internal Audit

Supervises 

None

Job Purpose

Senior Internal Audit Officer is responsible to assist in planning, conducting and coordinating audit assignments in the various Bank financial operations of Internal Audit department. The job involves review of risks and controls in the various financial, accounting process of the Bank.

Duties and Responsibilities

Coordinate and conduct financial audits.

Attend entrance and exit meetings and interviews in auditee departments to ensure timely and quality audits.

Document business processes, workflows systems of operation in the departments of financial affairs to ensure adequate audit coverage.

Direct, supervise and train the assigned auditors during audit assignments.

Perform technical, financial, and managerial audits of Bank operations in accordance with accepted professional standards and best practices.

Ensure that audit procedures accomplish objectives, address major risk exposures, and reasonably assure the completion of the assignment within allocated resources.

Exercise professional judgment to determine materiality of findings and adequacy and effectiveness of the financial audits.

Prepare working papers and audit reports for relevant audits conducted by the section to ensure that all audit findings are adequately supported.

Appraise the adequacy of departmental responses to audit recommendations and perform post-audit reviews to determine the extent to which audit recommendations have been implemented.

Plan, and conduct special investigations as may be assigned by Audit Management.

Develop a risk-based test plan by selecting appropriate audit approach, test procedures and sampling criteria based on professional judgment and departmentally defined internal audit methodology.

Perform audit tests and prepare working papers in accordance with professional IIA standards evaluate the adequacy of process design and the effectiveness of controls in meeting business and control objectives. Identify and document control and process weaknesses and provide evidential support for findings.

Propose practical and value-added recommendations to address control weaknesses and/or process inefficiencies.

Expected Outputs

Audit Plans and Audit Programs.

Effective field Audits.

Drafted working papers.

Comprehensive Audit report.

Qualifications

Education:

A Minimum of a bachelor’s degree in Business Administration or Financial Management and Accounting from a recognized institution.

Master’s degree in similar field and professional qualifications (e.g. ACCA, CPA, CISA, and CIA) will be added advantage.

Experience:

At least 5 years’ in Audit and accounting of which at least 3 should be in internal audit with a reputable organization.

Language:

Operationally fluent in both Somali and English, in both speaking and writing.

Skills and Competencies

Good analytical skills

Good knowledge of CAATs

Knowledge of risk management & internal control

Knowledge of accounting and financial reporting Standards IFRS

Technical knowledge of Audit Frameworks

Good team player

Knowledge of IIA Standards

Good communication/presentation skills

Application Procedure:

Qualified national applicants with required skills are invited to submit their electronic applications and updated resumes through email; recruitment@centralbank.gov.so and copy to gm@centralbank.gov.so not later Than Monday 2^nd November 2020, midnight Mogadishu time.  Incomplete Applications and those received after deadline will not be considered. Per newly approved human resources policy, Central Bank is equal opportunity employer, female applicants are highly encouraged to apply. Please note Only shortlisted candidates will be contacted.