1.   Attainment of objectives of Approved Audit Plan

The audit objects to be achieved include:

·  100% execution of approved annual audit plan including focused audit and spot checks

·  Ensure full compliance with regulatory requirements and avoid regulatory penalties.

·  Ensure adherence to policies, procedures and processes instituted by Board and Executive Management.

·  Identify and mitigate risks inherent in people, process, systems and technology and recommend corrective action plans.

·  Review and evaluate effectiveness of the control environment and report on any exceptions noted to the management.

·  To conduct focused audit/spot checks to test vulnerability of high-risk areas.

·  Assist in the development and revision/update of the annual IT audit strategy and work plan in conjunction with the Head, Corporate Audit and Compliance.

·  Participate in process reviews/redesigns as well as systems upgrade/implementation efforts to ensure that appropriate system controls considerations are effectively taken on board and implemented.

·  Monitor adequacy of security and control built into the Bank’s IT architecture.

·  Perform other duties as assigned by the Country Chief Inspector.

·  Render technical support to other departments in Internal Audit.

2.      Execution of approved annual audit plan

Participation in the effective and efficient execution of the approved audit plan through the:

·  Design and develop a comprehensive audit checklist, programme, and audit planning memorandum that adequately address all known and perceived risks for each audit engagement.

·  Engagement of audit client in a thorough walkthrough audit to have a clear knowledge and deep understanding of the process, products, system, development, structure and effect of changes on operations, reporting and compliance environment.

·  Conduct a systematic and discipline review of off-site documentation using the approved audit programme, checklist, audit planning memorandum and generally accepted best practices.

·  Conduct a comprehensive compliance and substantive audit test on the process, products, systems, reports, records, accounts, structure, operations, environment and people.

·  Extraction and collation of deviations and non-compliance observed in processes, products, systems, reports, records, accounts, structure, operations, environment, people as audit observations and findings.

·  Ensure completion and closure of audit engagement within approved turnaround.

·  Review with Team member on deviations and non-compliance observed in processes, products, systems, reports, records, accounts, structure, operations, environment, people

·  Review of audit exceptions for final response with audit clients

·  Notification of audit exceptions to audit clients and collation of responses to deviations and non-compliance observed.

·  Review of audit responses received to ensure that all deviations and non-compliances noted, agreed and reported are comprehensively and satisfactory addressed.

·  Notification of exit meeting to Audit clients

·  Conduct exit meeting with audit client to clear any grey areas and agree on the issues raised and timelines for resolution

·  Preparation of Detailed Report, Executive Summary and Rating Sheets.

·  Coordination of team member to ensure that all audit engagement are executed effectively and efficiently as planned.

3.      Execution of Adhoc Assignment

·     Conduct planned spot checks to test areas of vulnerabilities or inadequacies in processes, policies, procedures, systems, records and accounts.

·     Conduct special investigation to establish root-cause of service failure at the instance of the board, management, customer’s complaints, fraudulent activities.  Board

4.      Post Audit Activities

·     Ensure that effective follow-up of audit clients to resolve all open items in the published audit report within the agreed time-lines

·     Assist in the preparation of end of months Group Reports: Disciplinary Committee Report, DC report for AGM and above, External Auditor Management Letter report, Fraud and Forgeries report, Staff head count Report, Arm robbery report, Audit Plan implementation status Report, Exceptions Dashboard status report.

·     Assist in the preparation of sensitization monthly Memos for the attention of all Bank staffs.

5.      Process Administration

·     Ensure that all audit documentations received off-site and obtained on-site are safely and securely archived on a secured folder.

·     Ensure that all published audit reports, approved audit programmes, audit checklist, rating sheet and audit planning memorandum are safely and securely archived on a secured folder.