Senior Internal Audit Officer

Meba Microfinance Institution Share Company  

 1.Senior Internal Audit Officer  

• Job Title: Senior Internal Audit Officer

• Reports to: Board of Directors

• Department/Service: Audit & Risk management Service

Major Duties and Responsibilities:

• Ensures audit engagements are conducted in accordance with NBE’s internal audit directives for MFIs and applicable international internal audit standards.

• Supports the development of risk registers and risk reporting tools in line with NBE’s integrated risk management framework.

• Conducts risk-based internal audits and special investigations to assess the adequacy and effectiveness of internal control, risk management, and governance processes.

• Reviews financial statements, source documents, and operational activities to ensure compliance with relevant laws, directives, and internal policies.

• Participates in branch audits using standard checklists; identifies irregularities and recommends corrective actions.

• Assists in evaluating the effectiveness of policies and procedures; recommends enhancements for better internal control.

• Performs inspections to assess compliance with operational standards and procedural manuals.

• Verifies the accuracy and completeness of accounting and financial transactions and ensures consistency with applicable standards.

• Participates in discussions of audit findings with auditees; prepares audit reports and facilitates exit meetings.

• Supports the company in identifying, assessing, and monitoring all types of risks (credit, operational, market, etc.).

• Monitors the effectiveness of risk management practices and compliance activities at the branch and head office levels.

• Ensures new initiatives are subjected to risk and compliance assessments before implementation.

• Coordinates the submission of suspicious and large cash transaction reports to the Financial Intelligence Centre (FIC).

• Promotes anti-money laundering (AML) compliance by ensuring adherence to AML/CFT directives, procedures, and client due diligence practices.

• Collates and reports on the company’s aggregate risk position and follows up on high-risk areas for corrective action.

• Performs other related duties as assigned by the CEO.

JOB REQUIREMENT:

Education:  

• Hold a minimum of first degree from a recognized higher learning institution in BA degree in Accounting & Finance/Accounting/Management or related business fields

Experience:

• A total of 4 years of experience out of which at list two years experienced in related position of financial sector

• Good knowledge of micro-finance operation

• Good knowledge of risk based audit principles and practices

• Good knowledge of policies, procedures and regulations of the company

• Good Communication and interpersonal skills

• Basic computer application skills