Internal Auditor

Job Responsibilities:

• Carry out ongoing assessments of corporate governance, internal controls, systems, and procedures in the bank. Assure the Board and management that the control mechanism is effective and adequate. Monitor compliance with laws, regulations, and internal policies, efficiency and effectiveness of operations, and safeguarding of assets.
• Conduct Risk-Based Audits/Concurrent Audits of branches and Risk-Based Audits of branches/offices/departments as per the Annual Audit Plan approved by the Board Audit Committee. Ensure timely submission of audit reports to all concerned.
• Evaluate existing systems and procedures and suggest improvements to make the system fraud-free.
• Assist in verifying compliance with Anti-Money Laundering (AML), Countering Financial Terrorism (CFT), and Know Your Customer (KYC) norms/guidelines.
• Generate and verify daily off-site inspection reports of all branches.
• Assist in verifying the reliability of information produced by accounting and computer systems.
• Ensure compliance with laws, policies, and operating instructions, including internal checks.
• Carry out risk assessments of all branches and prepare the Annual Audit Plan.
• Detect revenue leakages, if any, and ensure recovery thereof.
• Check the enforceability of documents taken in respect of advance accounts and verify asset classification of advances.
• Ensure the quality and content of inspection reports; critically analyze and report on credit, NPA, preventive vigilance, high-risk areas, sensitive accounts, computer operations, and housekeeping.

Qualifications:

1. University graduate with an Honors degree.
2. Fully qualified in accounting with a recognized institute and registered member of the Institute of Certified Public Accountants of Uganda (ICPAU) with at least three (3) years of post-qualification experience, preferably in a banking environment.
3. Working knowledge of IFRS, Ugandan tax legislation, and the Financial Institutions Act (FIA) 2004.

Requirements:

• Applicants should possess good experience working with computers, fluency in spoken/written English, high integrity, and strong character. Strong analytical and numeracy skills are required.

Experience:

• Three (3) years of post-qualification experience, preferably in the banking sector in Uganda. Accounting or auditing experience in a financial institution will be an added advantage.

Age:

• Preferably 35 years. However, management reserves the right to determine the age criteria even beyond 35 years, considering the experience and qualifications.

How to Apply:

• Typed applications with a full Curriculum Vitae, names of two referees, self-attested photocopies of the Registration No. of ICPAU/academic/professional/experience certificates, proof of age, postal address, email ID, and mobile number should be sent in a sealed envelope to:

  The Chairperson, Board Audit Committee
  Bank of Baroda (Uganda) Limited
  18, Kampala Road, P.O. Box 7197, Kampala.

• Online applications should be sent by email to [email protected].

Closing Date:

• Applications complete in all respects should reach the above address on or before 31st August 2024, by 5:00 p.m.

Note:

1. The envelope containing the application must be clearly marked “Application for the post of Internal Auditor.”
2. Only shortlisted applicants will be contacted for the selection process as decided by the Bank.
3. No communication will be sent to applicants whose applications are not found suitable during the short-listing process.
4. The Bank reserves the right to reject or accept any application and to relax or alter any conditions without assigning any reason.
5. The Bank reserves the right not to make any appointment as a result of the selection process.
6. The shortlisted candidates will be subjected to a written test and/or personal interview.
7. Final selection will be subject to the candidate being found medically fit by the Bank’s panel doctor.
8. If any information regarding qualification, age, experience, or background checks provided by any applicant to the Bank is found to be false at any stage, the Bank reserves the right to cancel his/her selection/appointment at any stage.