Head, Internal Audit – Chartered Institute of Bankers – Ghana

Job Description

Job Purpose:

• The Head, Internal Audit is responsible for delivering independent, risk-based audit and assurance
services to the Governing Council and Management by conducting periodic reviews of all units to
confirm compliance with regulatory requirements and uphold adherence to internal policies.

Key Responsibilities

• Review and evaluate the adequacy and effectiveness of Internal Control Systems and
• Policies that protect the Institute’s assets and ensure compliance with laws, regulations, and internal procedures, and recommend improvements where necessary.
• Conduct risk-based internal audits on departmental operating reports, documentation and practices and generate control reports and queries that ensure compliance with established internal control procedures.
• Prepare and submit a quarterly internal audit report to the Governing Council, including recommendations necessary for the effective management of the Institute’s affairs.
• In accordance with subsection (4) of section 16 of the Internal Audit Agency Act, 2003 (Act 658), submit a copy of each report prepared to Chairperson of the Council and the Chief Executive Officer.
• Arrange for the submission of the Institute’s annual report to the Minister of Education within thirty (30) days of receiving the audit report, detailing the Institute’s activities and operations for the relevant year.
• Collect and analyze data to identify deficient controls or non-compliance with regulations and management policies.
• Identify opportunities to improve efficiency, effectiveness and value for money and provide practical recommendations to Management.
• Report to the Council about asset utilization and audit results and recommend changes in operations and financial activities where necessary.
• Review the Institute’s account books and accounting systems regularly to ensure efficient and effective use of accepted accounting procedures in recording transactions.
• Examine and evaluate financial and information systems, recommending controls to ensure system reliability and data integrity.
• Collaborate with the Digital and Technology Department to support the development, maintenance, and management of key systems and processes for Business Continuity Planning.

Qualification Required & Experience

• Chartered Banker (preferred)
• Bachelor’s degree in accounting or relevant field with a minimum of ten (10) years’ work experience in an accounting role.
• Second degree (MA, MSc, or MBA) in accounting or a related field (advantageous).
• Professional membership with the Institute of Chartered Accountants, Ghana (ICA Ghana), ACCA, or other recognized accounting body.
• Professional membership with the Institute of Internal Auditors or another relevant professional body.

Knowledge & Experience

• Thorough knowledge of accounting and auditing principles and procedures.
• A minimum of five (5) years extensive knowledge and experience in operational or managerial auditing
• Extensive knowledge and experience in data protection and information security.
• Knowledge of Information Technology and its use in the management and security of personal data.

Behavioural Competencies

• Integrity, Professionalism, Accountability
• Customer-centricity and Service Excellence
• Innovation and Continuous Improvement

Location: East Legon