Careers

Company Summary:

East Africa Bank SA (EAB) is a limited company that started its operations in 2010, headquartered in the Republic of Djibouti. Licensed by the Central Bank of Djibouti, the Bank was established to deliver the highest standards of banking services in line with the highest standards of Sharia principles. The bank’s shareholders are prominent business personalities from the region. In a rebranded exercise that aimed at refocusing the bank strategy on the broader East Africa Market, the bank’s name changed to EAST Africa bank in 2015.

Offering a broad range of products designed for individuals and small businesses as well as large corporations, East Africa Bank is the right choice for those looking for excellence in managing their finances. We combine excellent customer service, the highest Sharia standards and innovative technology, to bring cost-effective products and services to our customers.

East Africa bank, under the leadership of the Chief Executive Officer, plans to recruit (SIA) Senior Internal Auditor, who will be in charge of planning, supervising and overseeing the various audit activities being carried out by assigned Auditors.

General Position Summary:

The role of the Senior Internal Auditor is to plan, supervise and oversee the various audit activities being carried out by assigned Auditors. The Senior Auditor identifies and evaluates risks associated with the EAB processes and prepares audit plans, including audit programs and budgets.

The Senior Auditor performs detailed reviews of the working papers and drafts the internal audit report. The Senior Auditor establishes goals, performance standards and objectives for self and other subordinates. She/he ensures that duties are being carried efficiently and professionally and in accordance with the Internal Audit Manual and the International Internal Audit Standards. She/he performs ad hoc duties as and when requested by the Audit Manager.

Essential Job Functions:

Internal Audit Charter

• Implement Internal Audit Charter

Strategic Audit Plan

• Participate in the development of the strategic audit plan for the 3 to 5 years. This will define the audit assignments to be done on yearly basis
• Participate in the review of the Strategic Audit Plan at the beginning of each year to reconfirm the risks remain the same and that there have been no changes in the systems that might affect the risk assessment

Annual Operational Audit Plan (AAP)

• Participate in the development of the AAP for financial, operational, compliance, performance and information technology, detailing assignments, timeframes and resources required and submit to the Head of Internal Audit for review and approval
• Identify significant processes, develop audit objectives and prepare the risk assessment process for each audit assignment and present to the Head of Internal Audit for review and approval
• Audit Team Management & Development
• Participate in the internal audit staff recruitment process
• Participate in the development of proper professional development for subordinates and monitor the performance of subordinates
• Participate in setting individual staff targets and a professional development plan for measuring performance Allocate the assignments under the internal audit plan to respective auditors and staff
• Prepare the budget for each audit assignment and present it to the Head of Internal Audit for review and approval
• Provide the technical expertise on any related assigned duties responsible for updating knowledge base and skills required for the execution of the internal audit assignments on a regular basis
• Review the work allocation to ensure that the team assigned possess the requisite knowledge, skills and other competencies required to complete the audit assignment
• Provide appropriate instructions and guidelines during the execution of the audit assignment to achieve the audit objectives
• Resolves issues with the Department / Section / Function under review under audit
• Participate in the development of a training program for internal audit staff
• Ensure proper on the job training is given to the staff
• Participate in the development of a professional development plan for subordinate
• Submit regular feedback to the Audit Manager regarding the performance of his subordinate and how to improve on the area of weaknesses
• Complete the staff appraisal for each audit assignment and discuss it with the staff and agree on development measures

Special Projects

• Execute special investigation requested by the Chairman / CEO or the Audit Committee as directed by the Head of Internal Audit

Reporting to the Head of Internal Audit

• Present the findings of the internal audit assignment to the Head of Internal Audit. Provide regular feedback to the Head of Internal Audit for the status of each audit assignment
• Risk Assessment & Testing Strategy
• Conduct follow up assignments and report to the Head of Internal Audit the findings on the status of implementation of the recommendations raised in the final report

Audit Planning

• Co-develop the Expectation
• Risk Assessment & Testing Strategy
• Audit Team Management & Development
• Establishing of Communication Protocol

Audit Execution

• Post Planning Event
• Audit Team Management & Development
• Working Papers File Review

Audit Reporting

• Reporting with preparing the draft internal audit report and ensuring that issues raised and documented in the working paper file are properly excluded or included in the report.
• Identify gaps between actual and expected performance. While all differences are noted, only significant differences are identified in the reporting phase
• Ensure the proper wording of the report to avoid any use of inappropriate language.
• Prepare the rating and prioritization of the points raised
• Obtain and document the management comments in the report
• Closing Meetings and Final Report

Follow up assignments

Conduct follow up assignments with the Head of the Department / Section / Function under review to ensure proper implementation of the corrective actions agreed in the regular report.

Qualifications & Experiences

• A minimum of 1st Degree in Accounting from a recognized University
• Partial Professional Internal Audit/Accounting Qualification e.g CIA, ACCA, CPA, is a desirable
• Minimum of 3 years’ experience in an Internal Audit role

Knowledge Skills and Abilities:

1. Familiar with International Standards for Professional Practice of Internal Auditing
2. Acts as a team player – Collaborate and support colleagues and peers across the organization, while still being able to work independently when needed
3. Results-oriented – Meet deadlines on assignments, juggle multiple demands and work with all types of individuals Excellent written and oral communication skills
4. Solid time management skills and the ability to organize prioritize and perform multiple tasks simultaneously
5. Ability to be discreet with employee and customer information Capacity to work independently and motivation to achieve goals with minimal supervision
6. Ethics Treats people with respect, keeps commitments, inspires the trust of others, works with integrity and principles, upholds organizational values
7. Strong skills in negotiating, relationship building, problem-solving, and timely problem escalation
8. Ability to learn and be proficient in using our core banking software and build and use queries.
9. Working knowledge of Microsoft products: Excel, Word, Powerpoint, etc.

Environmental Conditions

This position is based in Djibouti and is unaccompanied. This position is eligible for a completive salary package and other benefits as per our Human Resource policy. Team members are expected to conduct themselves in a professional manner and respect local laws, customs and company’s policies, procedures, and values. We are an Equal Opportunity Employer regardless of background. We are committed to creating an inclusive environment.

How to Apply

Written applications should be addressed to:

The Department of Human Resource and Administration – East Africa Bank

Qualified candidates are invited to submit their applications by submitting a detailed CV and Cover letter as a single document via Email: info@eastafricabank.com to be received on or before close of Business 20th January 2022 with the subject line “Senior Internal Auditor – East Africa Bank – Djibouti”

Only shortlisted candidates will be contacted.