Senior Officer–Internal Audit at Diamond Trust Bank (Tanzania) Limited

Senior Officer–Internal Audit
Job Overview

Senior Officer–Internal Audit at Diamond Trust Bank (Tanzania) Limited August 2024

Position: Senior Officer – Internal Audit
Company: Diamond Trust Bank (Tanzania) Limited
Location: Dar es Salaam
Established in 1945, DTB Tanzania is a full-fledged commercial bank with a network of 28 branches and 28 ATM locations in major Tanzanian urban centres.

Job Purpose
To
provide an objective appraisal of the financial and operational
activities of the Bank and ascertain that its systems of internal
controls and processes are adequate, effective and efficient.
To
review financial and operating procedures and internal controls and to
manage and coordinate efforts in the administration of Internal audit
function in the formulation, implementation and maintenance of those
procedures for continuous improvement and to safeguard against waste,
fraud and avoidable loss and to achieve efficient use and utilization of
the group’s resources and assets.

Key Result Areas

• Institutionalization
  of formalized inspections and audit procedure manuals for Diamond Trust
  Bank Tanzania as appropriate and to ensure that staff and management
  have updated and readily available laid down guidelines.
• Improve efficiency and effectiveness in all areas of audit administration throughout the Bank.
• Provision
  of up-to-date information to the audit committee of the Boards on all
  areas of audit controls and administration within the Bank.

Key Responsibilities
Managerial Activities.

• Under the direct supervision of the Manager, Internal Audit; the incumbent will be expected inter alia:
• To plan and coordinate audit assignment execution for diverse operations of the Bank.
• Take a leadership position in both routine and special audit assignments for the Bank.
• Ensuring BACC files are complete, accurate, and prepared on a timely basis.
• Assist in coordination and monitoring of general administration of the IAD department.
• To
  assist in developing and managing an effective Internal Audit function
  that is motivated and well-trained staff for the effective performance
  of the audit team.
• Spearhead continuous improvements of
  operating systems and procedures, thus reviewing, evaluating,
  investigating, and advising on appropriate systems and internal controls
  required in Diamond Trust
• Bank Tanzania for the smooth and prudent financial management and running of the Bank’s business.
• Any other job as may be delegated or assigned by management from time to time.

Operational Activities

• Conduct spot check, concurrent & periodical audits and control
  related assignments such as participation in projects as necessary for
  the Bank.
• Review of accounting policies, ascertaining their
  adequacy and compliance with set standards / best practices and issuing
  appropriate reports periodically.
• Examine and ensure that
  relevant documents, records, procedures and systems are followed and
  comply with the established policies, procedures, regulatory
  requirements and authority limits within the Bank.
• Evaluation of Banking Act and Prudential Guidelines requirements and checking for due compliance.
• Prepare timely audit reports detailing audit findings and recommendations for improvements on procedures and internal controls.
• Review
  Bank procedures, new products in various operational aspects, recommend
  appropriate actions and prepare sign off / value addition reports.
• Ensure
  completeness of audit assignments including the management of the
  working papers and maintaining of adequate audit trail in the working
  papers file.
• Follow up of recommendations made by management,
  internal and external auditors and central bank inspectors to ensure due
  implementations by management; and that the interest of the Bank is not
  compromised through any irregularities that may lead to financial loss.
• Carry out and / or supervise regular audits to ensure that the laid down procedures and policies are updated and adhered to.
• Carry
  out assignments and investigations as may be directed by the Chairman
  of the board audit committee, CEO, Head of Internal Audit, or Senior
  Management from time to time as deemed appropriate.
• To carry out other duties assigned from time to time.

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Qualifications :

• University degree B. Com Accounting.
• Professional qualification in accounting or auditing such as CPA, ACCA, CIA.
• Being a member of a professional organization such as NBAA, IIA.
• Must be computer literate.

Experience :

• Minimum
  of 3 years of practical audit experience, preferably in a commercial
  banking environment or a large organization at a senior level.

Personal Attributes:

• A structured approach to dealing with complex and variable work environments in an independent manner.
• Ability to balance opposing business requirements.
• Ability to balance long-term and short-term requirements independently.
• Strong evaluation, communication, and reporting skills.
• Strong interviewing, negotiating, and presentation skills.
• Able to provide advice and cause/effect evaluation to support business decision-making.
• Independent and logical thinker, yet an achiever and implementer.
• Leads by example.
• Good at managing large volumes of information and can add value through management reporting.
• Builds relationships and networks easily.
• Strong service ethic.

Effort and Involvement:

• Requires a prolonged period of sitting at desk and work on computer and review of documents.
• This
  Job is both internally and externally focused, requiring that the
  individual be highly adaptable in terms of personal style and the
  development of business knowledge related to banking.
• The job requires relationships be built across the organization at senior level.
• The job holder will develop and nurture an external network of relationships.
• Appropriate
  Group and cross-country forums will require participation to ensure
  teambuilding and sharing of best practice across the organization.

Key Performance Indicators:

• Quality of audit reports
• Growth in audit reviews and reports transaction volume.
• Capacity hours.
• Capacity building and utilization.
• Internal Customer Service satisfaction rating.
• Revenue maximization / Cost reduction from process improvement.
• Quality of Pre-Audit Activities & Engagement Planning.
• Execution of Assurance engagements.
• Audit Reporting & Post audit activities.
• Advisory and Consultancy.
• Technical competence and professional development.
• Auditee / People Management / Leadership.

Performance Evaluation:
June & December

Application Procedure:
If interested in the above position and meet the requirements indicated, send your application to: recruitment2024@diamondtrust.co.tz
Deadline for receiving applications is 02nd September, 2024.
NB: Successful candidates will be contacted within 14 days after the deadline of submission.
DTB is an equal opportunity employer and DOES NOT charge for applications.
Go to our Homepage To Get Relevant Information.
Closing date Monday, 09/02/2024 – 23:59.