Audit Manager Credit at NMB Bank | May 2024

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Job Description

Job Location :
Head Office
Job Purpose:
Assisting Senior Audit Managers by supervising planning, on the field execution and reporting of credit audits and any other audit engagements assigned. The position is also responsible for assisting the Senior Managers in ensuring that key risks (including fraud risks) and controls relating to credit operations are well understood by the audit team. The position is also responsible to ensure that the audit team understands the audit tests to be performed and documentation expected throughout the audit lifecycle (scoping, understanding processes, identifying risks and controls, and assessing controls) for supporting conclusions drawn.
Main Responsibilities:
Audit Delivery & stakeholders management

Receive input on risks (including fraud risks) related to credit operations from various parties such as Zonal Managers, Head of Credit, Head of Compliance and Head of Risk.
Review previous branch audit reports to identify areas of focus on credit operations.
In consultation with Senior Audit Managers, review branch risk assessment and audit programs related to credit operations for change or improvements, if any.
Lead fraud risk assessments based on previous fraud cases or scenario planning ensuring adequacy of controls is assessed in those areas and tests are designed to test the effectiveness of identified key controls in either preventing or detecting fraud risks for credit operations.
Obtain and review all communications issued for branch operations relating to credit operations such as circulars, new procedures, new products and discuss with Senior Managers their impact on the audit process and controls.
Perform benchmarking of high-risk credit processes of branch operations of the bank with those of the best in the industry for identifying any gaps in NMB branch processes which need improvement to strengthen the control environment of the bank.
Review repeat issues reported in branch credit reviews focusing on understanding the root cause for recurrence of the issues.
Map or review key processes of branch and HO credit operations and sharing with audit teams key risk areas in those processes.
Develop and sharing with the audit team key fraud indicators of credit operations at both branches and Head Office.
Responsible for the field supervision of branches audits which entails the review of working papers, Management letters and leading discussion with the business.
Regular review of key branch operations controls relating to credit that are exercised at Head Office.
Ensure audits are carried out in line with International Standards for the Professional Practice of Internal Auditing as issued from time to time by the Institute of Internal Auditors.
Guide Auditors on report writing focusing on root cause identification, developing recommendations that address the root causes.

Management and Leadership

Provide leadership to auditors by mentoring and coaching, providing constructive feedback including formal performance management to ensure personal and professional growth of auditors under his/her supervision and mentorship.
Provide regular training to auditors on areas that need improvement in credit reviews; and
Manage audit teams and ensure audits progress as planned as regards scope, budget, and timetable.

Knowledge Management

Improve technical knowledge as well as soft skills through self-learning or training including mandatory CPE requirements.
Be an expert in credit operations and share knowledge with the audit team and peers in the business through presentations.
Knowledge and Skills:
Knowledge of risks and controls related to credit operations in a bank.
Sound communications skills both written and oral
Knowledge of applying internal audit standards (IPPF) to perform value adding internal audits.
Knowledge of BOT regulations guiding credit processes.
Leadership skills in particular ability to lead and motivate teams towards a common goal.
Mastery in using audit tools such as ACL, IDEA, Microsoft Visio etc.
Qualifications and Experience:
Bachelor’s degree in business related fields from a recognized institution and possession of professional auditing or accounting qualification i.e., CIA, CPA, CISA, ACCA or equivalent
A post graduate degree in business or finance is an added advantage.
At least 5 years’ experience in audit 3 of which should be at a managerial, supervisory or team leader level in a bank or an audit firm.

NMB Bank Plc is an Equal Opportunity Employer. We are committed to creating a diverse environment and achieving gender balanced workforce.
Female candidates and people living with disabilities are strongly encouraged to apply for this position.

NMB Bank Plc does not charge any fee in connection with the application or recruitment process. Should you receive a solicitation for the payment of a fee, please disregard it.

Only shortlisted candidates will be contacted.
Job opening date : 07-May-2024
Job closing date : 21-May-2024