RBA Internal Audit Officer Job Vacancy

The Retirement Benefit Authority (RBA) is a State Corporation set up to regulate and supervise the retirement benefit sector in Kenya.

RBA is established through the Retirement Benefit Act (No. 3 of 1997)

In an effort to enhance the operations of the existing team as well as increase its effectiveness in service delivery, RBA is seeking to recruit high caliber result-oriented persons with exceptional communication and IT skills who will work flexibly in a small but highly professional team and respond imaginatively to varied and demanding range of tasks.

Interested persons who are comfortable in high performance environment and have the ability to turn strategy into practical measures complexity and detail are invited to apply for the following vacancy:

Internal Audit Officer
Department: Internal Audit & Risk Management
Location: Nairobi
Section: Internal Audit & Risk Management

Job Grade: RBA 6

Reports to: Head of Internal Audit & Risk Management

Job Role: Responsible for assisting the Authority accomplish its strategic objectives by providing an independent, objective assurance and advisory service with regard to governance,
risk management, internal control, and accountability processes.

Salient Information:
• The IA & RM Department has full, free, and unrestricted access to any and all of RBA’s records, physical properties, and personnel relevant to any function under review.
• All the activities of the department shall remain free of influence by any element in RBA.
Key Result Areas

Audit of Management, Operational and Financial processes of the Authority: Assess whether;
• Risks are appropriately identified and managed.
• Significant management information (financial or operational) is accurate, reliable, and timely.
• Systems established are in compliance with those policies, plans, procedures, laws, and regulations which could have a significant impact on operations and report whether RBA is in compliance.
• RBA’s assets are accounted for and safeguarded from losses.
• Resources are acquired economically and used efficiently.
• Programs, plans, and objectives are achieved or timely adjustments are made by management where this is no longer possible.
• Quality and continuous improvement are fostered in RBA’s control process.
• Significant legal issues impacting RBA are recognized and addressed properly.
• Coordinate efforts with the external auditors and other review activities to ensure cost-effectiveness.
• Identify opportunities for improving management control, value for money, revenues and RBA’s image.
• Carry out any specific audit requests upon the request of the Audit & Risk Committee or Management as appropriate.
• Assist in the investigation of any significant suspected fraudulent and corrupt activities within the RBA.
• Evaluate and assess significant new or changing operations, processes and systems coincident with their development, implementation, and/or expansion.

Reporting
• Summarize results of audit activities and status of implementation of past audit recommendations, and other measurement goals and results.
• Obtain comments from management on findings and set out dates on when corrective and preventive actions will be effected.
Follow-up on past audit findings and recommendations
• Review the implementation of past audit recommendations.
• Assess the exposure to RBA on recommendations not implemented.

Advisory / Consulting services
• Provide advisory / consulting services as requested by Management or the Audit & Risk Management Committee.

Education
• Min: Degree Level (Commerce/Business Administration/Economics/Accounting/Finance or equivalent)
• Ideal: Masters Degree in Business Administration, Economics/Accounting/Finance, Strategic Management or any other relevant field
Professional
• Min: CPA/ACCA and Membership to a relevant professional body
• Ideal: CIA, CISA - added advantage
Membership to professional bodies:
• Min: ICPAK
• Ideal: IIA, ISACA
Experience: 4 to 6 years

Age: 30 to 35 years

If your background, qualification, experience and competence match the above specification please submit your detailed CV, indicating day time telephone numbers, address and names of three referees to the address below not later than 31st January 2010, quoting the position applied for in a sealed cover.

The Chief Executive,
Retirement Benefits Authority,
Rahimtulla Tower - 13th Floor,
Upper Hill Road,
P.O. Box 57733 - 00200, Nairobi.

Only shortlisted candidates will be contacted.