Develop, implement and review policies, strategies,plans for internal audit Provide advisory and consultancy services to the Board and management Examine the soundness of the financial statements and reporting Provide secretariat services to the Board audit committee Develop, implement, review Board audit committee charter Provide capacity building including developing training materials for curriculum for audit committee members Assist the corporation in maintaining effective controls Evaluate the effectiveness of Risk Management processes Follow up implementation of board resolutionsSupport the external audit agencies

Secretary to the Board Audit CommitteeProvide leadership in the Internal Audit DepartmentLiaise with the external auditors and other external assurance agencies. Follow up on implementation of the Audit Committee resolutions and recommendation of the external auditors.Evaluate the adequacy of internal control systems, and recommend continuous improvement initiatives.Induct Audit Committee members and management on the mutual role of internal auditEvaluate governance and risk management in the Corporation.

Advising the CEO on cash flows and liquidity position of the organization.Presentation of management accounts to the finance board committee and the management.Oversee the whole process of budgeting, implementation and monitoring.Scouting for investments options and placing excess liquidity on investments plans. Mentoring and offering leadership to the staff within the department. Ensure that the organization has sufficient safeguard against wastage and losses either through expenses or asset usage.Ensure compliance with the regulators on various mandatory returns and requests i.e. KRA, SASRA etc.Preparation of departmental strategic plan which aligns with overall organization strategy.Provision of summarized financial reports to the various business units to aid their performance management. Ensure that the external regulators and interested parties of interest like external auditors are provided with the necessary support on any financial reports and records.Managing risk within the finance department on people, process and systems.

Formulate and periodically review the audit charter both for department and the Audit Committee. Secretary to the Audit Committee of the BoardPrepare and present board papers to the Audit Committee.Coordinating other oversight bodies i.e. the external auditors and supervisory committee of the board.Follow-up on the management action plans and audit committee resolutions. Provision of consultancy services to the board and management.Team leadership and mentorship of staff.Preparation and monitoring the annual audit department budget.Formulate and oversee implementation of a risk-based audit plan that is consistent with the overall organizational strategy.Evaluate the adequacy of internal control systems and recommend continuous improvement initiativesPreparation and presentation of audit reports to the management for action.

Participate in the formulation and revision of the bank’s corporate internal control strategy.Monitor compliance with the bank’s policy, procedure and relevant legislations & guidelines.Provide control and compliance training and advisory services to head office units and branches.Create and improve homogenous compliance culture in respect of internal controls.Build strong KYC and compliance environment in all products/activities.Ensure continuous improvement in the bank’s independent control standards and techniques.Ensure integrity and reliability of bank’s transactions as reflected in GL accounts.Ensure that open items in the GL accounts reflect the true nature of the transaction that took place.Ensure quality and prompt submission of relevant returns and reports as may be required by the various departments.Set up and implement revenue assurance and cost reduction strategies/tactics for all the strategic units of the bank.Carry out value for money audit and reconciliation for effective monitoring and decision making in service delivery and financial measurement on investment by the bank.

Presentation of audit reports to the management audit committeePreparation of Audit Board Papers.Team leadership within the various assignments. Provision of consultancy service to the management through the head of department. Participate in preparation of risk based annual audit work planPreparation of risk based audit program for various audit assignmentsEvaluate and report on the adequacy and effectiveness of internal controls.Evaluate and report on compliance with banks policies and procedures and various regulatory frameworks.Plan and execute audit assignments in accordance with accepted auditing standardsPrepare audit reports to the management with practical recommendations on the audit queries.Conducting special assignments as requested by the head of department.Conduct snap check audits on certain process and procedures from time to time.