Audit (Branch) – Shabelle Bank
Accounting and Finance, Banking and Insurance
Shabelle Bank
About the Shabelle Bank
Shabelle Bank is a fully licensed Commercial Bank in Ethiopia to conduct all its operations under the principles of Islamic banking. Shabelle Bank started its journey as a microfinance institution in 2011. It subsequently secured the banking license to serve its client better, by offering ethical financial products. With the mission of Enabling Growth and Enriching Lives, the Bank reaches out to its customers through a growing network of branches in Ethiopia.
Customers can also benefit from an array of customer conveniences such as Internet & mobile banking, debit card with SMS alerts, online account opening, 365-day banking, Saturday banking, extended banking hours, 24×7 cash deposit machines, and banking units exclusively for ladies.
INTERNAL/EXTERNAL VACANCY
About Shabelle Bank
Shabelle Bank is a fully licensed Commercial Bank in Ethiopia to conduct all its operations under the principles of Islamic banking. Shabelle Bank started its journey as a microfinance institution in 2011. It subsequently secured the banking license to serve its client better, by offering ethical financial products. With the mission of Enabling Growth and Enriching Lives, the Bank reaches out to its customers through a growing network of branches in Ethiopia.
Customers can also benefit from an array of customer conveniences such as Internet & mobile banking, debit card with SMS alerts, online account opening, 365-day banking, Saturday banking, extended banking hours, 24×7 cash deposit machines, and banking units exclusively for ladies.
Purpose of the Job:
- To ensure that the overall banking operation is in line with the Bank’s policies and procedures and
- Applicable laws and regulations by conducting procedural audit at branch level; and to ensure the adequacy of the internal control system of the Bank
- Internal Auditor he /she has to add value and improve our operations by bringing a systematic and disciplined approach to the effectiveness of risk management, control, and governance processes.
Main Duties
- Examine each and every transaction and related documents and verify accuracy and legitimacy on a daily basis.
- Perform and control the full audit cycle including risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable directives and regulations
- Give objective assurance of the existing policies, procedure and regulatory directives and relevant laws in the assigned work unit and determine internal audit scope and develop annual plans.
- Obtain analyses and evaluate accounting documentation, previous reports, data, flowcharts etc.
- Examine and analyze proper execution of operations of the assigned work unit in line with the work unit’s operating policies and procedures.
- Communicate audit findings to Auditors to obtain their responses and prepare action plan for final rectifications. Prepare and present reports that reflect audit’s results and document process
- Act as an objective source of independent advice to ensure validity, legality and goal achievement.
- Identify loopholes and recommend risk aversion measures and cost savings.
- Maintain open communication with management and audit committee.
- Document process and prepare audit findings memorandum
- Conduct follow up audits to monitor management’s interventions
- Engage to continuous knowledge development regarding sector’s rules, regulations, best practices, tools, techniques and performance standards.
- Review the daily Audit Work paper and prepare the monthly Audit report.
- Closely monitor rectification of the Audit findings.
- Carry out preliminary and comprehensive special investigation on frauds, embezzlements and other issues as assigned by the management or the Board of Directors and recommend appropriate action.
- Review periodic returns of the work units to verify that their financial reports truly depict their financial position, examine some minor IT issues at the work unit as stipulated in the audit procedure and conduct physical count of stock and fixed assets and verify existence and reconciliation against financial records.
- Review and comment on customer handling and staff relationship at the unit based on observations.
General Responsibilities
- To adhere to the Shabelle Bank policy in all activities, and to actively promote equality of opportunity wherever possible.
- To adhere to confidentiality clause and uphold the Shabelle code of conduct.
- To undertake such other duties as may be reasonably expected.
- To provide a healthy and comfortable working environment, smoking is prohibited
Qualifications and experience:
- The successful candidate will possess a thorough knowledge of accounting procedures and a sound judgment and he or she should 2 years’ experience working in audit banking
- Full professional qualifications is desirable and specialist experience in banking sector will an advantageous
- Must be confident, self-starter, an independent thinker and have strong organizational, interpersonal and communication skills; team oriented.
Competences:
- Very able to put in place an effective internal control system to enhance risk management and governance
- Participate in the development and implementation of effective audit procedure and programs
- Technical/Professional Knowledge and Skills and communication.
- Managing Work (includes Time Management), Contributing to Team Success & Quality Orientation
- Excellent internal and external client service skills
- Knowledge of industry best practices to improve efficiency and effectiveness
- Excellent verbal and written communication skills
- Willingness and ability to work effectively with a wide variety of people.
As per Shabelle Bank scale plus attractive benefit package
