Sacco Internal Audit & Risk Manager

Co-op Consultancy is a business advisory arm of the Co-operative Bank group, recruiting on behalf of a Deposit Taking Sacco regulated by SASRA.

The Internal Audit and Risk Manager position is with a Deposit Taking Sacco in Nairobi, regulated by SASRA, and reports directly to the Board of Directors. The primary objective is to offer independent and objective assurance regarding the SACCO's governance, risk management, and internal control frameworks. This involves identifying and evaluating key operational, financial, and compliance risks, then recommending practical solutions to enhance controls, protect the SACCO's assets, and uphold its interests. The manager will also foster a strong risk-aware culture and ensure adherence to all relevant regulatory requirements, internal policies, and best practices.

1. Develop and execute annual audit plans.
2. Establish and maintain internal audit control systems to optimize resource utilization.
3. Design and implement internal audit functions in line with conventional audit guidelines and best practices.
4. Conduct system audits to ensure adequate system and information security.
5. Evaluate the reliability and integrity of the SACCO’s financial and operational information, and compliance with operating policies.
6. Review and report on the adequacy of the SACCO’s internal control framework.
7. Review and report on adherence to internal procedures and regulatory standards.
8. Assess the sufficiency of established operational procedures and provide appropriate advice to management.
9. Review and report on the implementation status of previous audit recommendations.
10. Carry out special investigations as requested by the SACCO.
11. Collaborate with external auditors to improve efficiency and effectiveness.
12. Verify transaction vouchers for authenticity, accuracy, and correctness.
13. Prepare periodic audit reports for the Board of Directors.

1. Hold a Bachelor of Commerce degree or an equivalent qualification from a recognized university.
2. Be a CPA (K) and a member in good standing with ICPAK, or hold an equivalent professional qualification.
3. Have served as an Internal Auditor in a SACCO or a comparable role with similar responsibilities for at least three years.
4. Possess a minimum of seven years of overall relevant professional experience.
5. Be proficient in Microsoft Office Suite and specialized accounting software.
6. Demonstrate sound judgment and decision-making abilities.
7. Exhibit a high level of accuracy and attention to detail.
8. Possess strong analytical skills.
9. Have robust financial management capabilities.
10. Show proven leadership and administrative skills.
11. Possess excellent communication skills.