Senior Internal Auditor at Uganda Development Corporation (UDC), Kampala
Job Description
SENIOR INTERNAL AUDITOR
JOB DESCRIPTION
Position: Senior Internal Auditor Directorate: Internal Audit Department: Internal Audit
Grade: UDC 4
Reports to: Manager Internal Audit
Supervisees: Internal Auditor
MAIN PURPOSE OF THE JOB
To provide expert advice and analysis to enhance internal controls, risk management, and compliance processes across the organisation.
DUTIES AND RESPONSIBILITIES
- 1. Annual Audit Planning
- Review the strategic plan to align audit activities with organisational goals.
- Consult key stakeholders to gather input and identify critical areas for review and review relevant documents to understand the context and scope of the audits.
- Conduct risk assessments to identify and prioritise areas for audit focus and revise the audit universe to ensure it reflects current organisational priorities and risks.
- Develop and finalise the annual audit plan and budget ensuring it is aligned with the audit strategy and resource requirements.
- Development and Implementation of Audit Strategy
- Review the International Professional Practices Framework (IPPF) to ensure compliance with standards.
- Design audit procedures tailored to each engagement’s objectives and risks and define critical success factors for successful audit execution.
- Plan and conduct audit engagements according to the established audit plan.
- Prepare detailed audit reports that document findings, recommendations, and management responses.
- Communicate the results of the audit exercise effectively to stakeholders and management.
- Assessing the Adequacy of Controls
- Identify and assess risks associated with key processes and controls.
- Review the design of controls to ensure they are adequate for mitigating identified risks.
- Verify the implementation of controls and their effectiveness in practice.
- Monitor controls to ensure ongoing effectiveness and identify areas for improvement.
- Advisory Activities
- Provide consulting services to management on risk management, control processes, and governance.
- Offer recommendations to enhance organisational processes and internal controls.
- Participate in special projects as requested, providing internal audit expertise and support.
- Leadership and People Management
- Supervise subordinates by setting clear goals, providing mentorship and promoting continuous improvement through regular feedback, performance evaluations, and recognition of achievements.
- Perform any other duties as assigned by the Supervisor.
KEY PERFORMANCE INDICATORS
- Timeliness in addressing stakeholder concerns and integrating feedback into the audit plan.
- Compliance with IPPF and other relevant standards in audit strategy and execution.
- Number of audit reports delivered on time.
- Accuracy and clarity of audit findings and recommendations.
- Percentage of identified control weaknesses resolved or mitigated.
- Number of advisory recommendations implemented by management.
JOB SPECIFICATION Minimum Qualification:
- Bachelor’s degree in commerce, business administration, accounting or a related field.
- Membership in the Institute of Internal Auditors (IIA) is compulsory.
- Full ACCA, CIA, or CPA is required.
- Post graduate qualification in a related field is an added advantage
Certifications: Experience
- Six (6) years of experience in a similar function.
- With knowledge of any or all of the following fields of; Accounting; Investment analysis, Fund
Management or Consultancy gained / acquired in a reputable private or public sector entity
Competency
- Analytical skills.
- Report writing skills.
- Understanding of Institute of Internal Auditors standards.
- Leadership skills.
- Communication skills.
- Problem-solving skills.
WORKING RELATIONSHIPS
Internal:
- Executive Director, Management, all Staff, the Board.
External:
- Auditors
