CHIEF INTERNAL AUDITOR at First National Bank of Lesotho Limited

CHIEF INTERNAL AUDITOR

First National Bank of Lesotho Limited (FNBL), a highly recognised financial services provider in Lesotho, seeks to employ a proactive, innovative, self driven and highly motivated Mosotho to occupy the position of Head of Internal Audit. The position is in Maseru but requires a lot of travelling in and outside the country.

JOB PURPOSE
To audit processes at branches and business units within the Bank which include those processes relating to Routine, Human Resources, Service and Sales. This is done by using a risk based audit process which can include utilising prepared audit templates to identify risk areas and document planned corrective action by line management to ensure that these work areas comply with the company standards and other regulatory requirements.

Key Responsibilities;

Under the direct supervision of the Chief Executive Officer, the incumbent will carry out the following duties;
Ensure that the audit planning process is performed for all projects business units, including the support and head office units in terms of the internal audit methodology.
Discuss audit findings with the relevant line management and obtain details for their corrective plans to finalise the draft audit report before sending it for review.
Take appropriate measures for the prevention of frauds and elimination of conditions inducing fraudulent actions.
Undertake special investigations at the directive of the Chief Executive Officer/Executive Committee.
Formulate internal audit programs in order that all aspects of transactions are audited.
Ensure that the prescribed procedures are diligently followed within the Bank, so that appraisal and monitoring can be reliable and effective.
Prepare reports containing observations, comments and recommendations based on carried out audits.
Liaise with Group Internal Auditor (GIA) as the link between FNB Lesotho audit and GIA
Liaising with the external auditors in order that both external and internal audit functions could be carried out efficiently and effectively with minimum duplication of efforts.
Monitor the implementation of audit findings
Assist with forensic investigations in cases of theft, fraud and money laundering to determine whether correct procedures were followed
Present reports to the Audit Committee
Review and identify additional risks including any that may be credit related
Provide relevant information to improve processes and procedures (e.g. customer service, risk exposures, loss potential, transactional anomalies, etc.) and facilitate discussions of practical ways to manage or avoid them to improve overall efficiencies.
Accurate and timeous completion of internal audit projects.
Perform any other task assigned by the Chief Executive Officer.

Qualifications and Knowledge Experience;
Associate member of a recognized professional accounting body
ACCA/CIA with extensive auditing experience

5 Years experience in a banking environment of which at least 2-3 years was in a managerial or departmental head level in a general office environment.
Internal Audit Management systems
Bank systems

Competencies and Skills;

Interpersonal skills
Excellent written and verbal communication
Report writing skills
Attention to detail
Analytical skills
Problem solving skills
Decision making skills
Conflict resolution skills
Planning
Computer literacy: Word, Excel, e-mail, Internal Audit related software
Ability to work independently and under pressure

Application letters accompanied by a detailed curriculum vitae, educational certificates and names and contact details of three referees must be sent to:

The Head of Human Resources
First National Bank Lesotho - Limited OREmail: pqato@fnb.co.za
Corner Kingsway and Parliament Road
Maseru

The closing date for applications is 6th February 2015
DISCLAIMER: ONLY SHORTLISTED CANDIDATES WILL BE CONTACTED.