Job PurposeThe Internal Audit & Risk Officer will be responsible for devising and following up on risk mitigation implementation strategies with process owners where both financial (Credit and Market) and non-financial (operational) risks are identified, measured, managed, and reported. He/She will also be responsible for conducting audits of the organization, preparing audit reports, and highlighting issues relating to governance, internal controls & risk management and recommending corrective actions to improve efficiency and reduce operational costs where possible.Responsibilities And DutiesRisk Management

• Review and maintain an overall risk management process for the organization, which includes an analysis of the financial impact on the company when risks occur.
• Coordinate process owners and risk champions in undertaking organization-wide risk assessments on an annual basis and whenever business dynamics demand it
• Review new major contracts, products or internal business proposals to identify the risks prior to their introduction.
• Assist the Head of Internal Audit & Risk in preparation of the board information pack and respond to data/ analytical requests from the Audit Committee.
• Embed a risk aware culture in the organization by providing support, education, and training to staff.
• Establish and quantify the organization’s 'risk appetite' and ensure risk approaches adhere accordingly.
• Coordinate business units to develop and implement Business Continuity Plans, Disaster Recovery Plans and Crisis Management plans.
• Influence and monitor progress of action plans to improve the risk and control environment arising from internal and external risk events, risk issues, Risk & Control Assessments (RCAs), risk monitoring, internal and external audits and compliance inspections.
• Coordinate the identification, evaluation and resolution management of credit, strategic, market, liquidity, and country risks.

Internal Audit

• Develop an annual audit plan based on the results of the annual risk assessment
• Implement the annual risk-based audit plan to establish operational effectiveness, financial reliability and compliance with all applicable directives and regulations.
• Develop audit programs and testing procedures relevant to risk and audit objectives.
• Identify internal controls issues and recommend risk mitigation measures in a timely manner to proactively prevent losses.
• Complete assigned/planned audit engagements, from start to finish, including planning, fieldwork and wrap up activities as per the audit manual
• Prepare audit reports that reflect audit’s results, backed by evidence and document processes in working papers
• Conduct follow up audits to monitor management’s interventions as per the audit plan.
• Conduct ad-hoc/ special investigations and reviews as requested by management or the Board.

Key performance indicators

• Percentage of audits and/or risk assignments completed vs planned assignments
• Potential operational efficiencies/process improvement/cost savings generated from implementing internal audit and/or risk mitigation recommendations
• Significance of audit findings /risk mitigation recommendations
• Percentage of business units with up-to-date risk registers
• Percentage of timely closure of identified non-conformities/non-compliance areas
• Certifications obtained /number of training hours per year

Qualifications

• Education level: Minimum of a university degree, preferably in a business-related discipline from a reputable and recognized institution
• Certifications: A certified Public Accountant of Uganda (CPA-U, ACCA or CA).

Specialized training in risk managementCIA/CISA will be an added advantage.

• Experience: A minimum of 8 years Internal Audit and/or Risk Management experience

Technical skills:

• Proven knowledge of auditing standards and procedures, laws, rules, and regulations, risk management frameworks, procedures, and practices
• High attention to detail and excellent analytical skills
• Must be able to demonstrate a broad technical knowledge and expertise covering conduct of business, corporate governance and regulatory risk and regulatory change matters.
• Proven track record of delivering enhancements to process efficiency.
• Experience in working with data and data manipulation tools may also be required

Behavioural skills: (Abilities that influence how a person interacts with others and responds to certain situations.)They must demonstrate the following values:

• Customer Focus – deliver and maintain a high level of customer service with both our internal and external customers.
• Ownership – treat Watu as your own company and make decisions that would benefit us all aligned with our company values – with a clear focus of delivering on the agreed KPIs
• Respect – display respect and maintain respectful relationships within our Watu teams and our customers and partners.
• Integrity – operate openly and transparently with our teams, customers, and partners – Act with Integrity.
• Empowerment – Learn and grow with Watu. We empower our employees to be the leaders our people want to follow. We empower our employees by giving them the opportunities to learn and grow together. We empower each other by sharing knowledge and embracing a positive mindset.

People & Leadership Skills

• Participate in mid-year performance appraisals, annual performance appraisals and monthly 1-1s as per Watu performance management cycle.
• Work together to create an environment that fosters teamwork and cooperation
• Attend training sessions offered to continuously improve skills and knowledge.
• Be proactive and self-motivated to achieve set Key Performance Indicators (KPIs).
• Recommend new ways of working to continuously improve efficiency, productivity and enhance both our internal and external customer experience.
• Keep updated on any changes in policies, schedules and product knowledge to the team.
• Attend and participate in team meetings

All suitably qualified and interested candidates are invited to submit Cover Letter, detailed CV, stating earliest start date and salary expectations to our email

recruitment.ug@watucredit.com