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Thursday, May 25, 2017

Manager Audit, Risk and Compliance Job at Rural Electrification Agency ( REA ) - Career Opportunity in Uganda

Vacancy title:
Manager Audit, Risk and Compliance

Jobs at:
Rural Electrification Agency ( REA )

Deadline of this Job:
4.00pm on 6th June 2017

Duty Station:
Kampala, Uganda

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Job details:
The Rural Electrification Agency (REA) is the Secretariat of the Rural Electrification Board (REB) as established by Statutory instrument 2001 No. 75. The REB’s main _function is to oversee the management of the Rural Electrification Fund (REF) and facilitate the development and implementation of Rural Electrification projects under several sources of funding (i.e. Government of Uganda, World Bank under Energy for Rural Transformation, (ERT) project, SIDA, JICA, NORAD, BADEA, SFD, ADB, etc.)
Rural Electrification Agency (REA) is implementing a number of electricity connection initiatives in line with its Electrification Strategy and Plan (RESP) 2013 — 2022, are aimed at increasing access to electricity to households throughout Uganda. Accordingly, REA is seeking to recruit Ugandan nationals suitably qualified to fill the following vacancies:
Position: Manager Audit, Risk and Compliance
Reports to: Functionally to the Rural Electrification Board, and Administratively to the Executive Director
Grade: REA 3
Job Purpose: To support the delivery of REA’s strategic objectives by championing the best practice in governance, risk and controls.
Key Responsibilities:
Functional:
  • Lead, develop and implement the audit Strategy and annual Risk-Based Audit plans to be compatible with the RESP 2013/2022's priorities and with prior to approval of the Board.
  • Champion best practice in GRC, guide the annual risk assessment activity, and support management in developing a robust risk-management framework
  •  Develop co-or outsource agreements for the subject areas not covered by internal audit staff expertise
  • Establish and maintain a quality assurance and improvement program that encompasses all aspects of the internal audit activity.
  • Provide independent advice and counsel to the board, and also attend in GRC meetings whenever required
  • Participate in various committees or task forces geared to policy procedure development and operational improvements.
  • Design audit programs for use in planning and conducting scheduled technical operational, financial and compliance audits
  • Monitor REA’s handling of existing risks and challenge its responses to emerging risks and recommend alternative solutions to ensure that the risk register is kept up to date
  • Keep the ED and the Board informed of the risk and controls assurance through quarterly reporting on the status of implementation of the Audit Plan, and outstanding corrective Management Agreed Action Plans (MAPS)
Administrative
  • Manage audit staff performance, ensure work papers are adequately documented, and sufficient audit evidence is gathered to prepare accurate monthly internal controls reports.
  • Establish and maintain audit operating policies and procedures manuals to guide audit staff in executing their assignments in line with the requirements of current professional auditing standards.
  • Formulate continuous professional development and educational plans for audit staff in th areas of risks and controls. '
  • Conduct periodic training to promote awareness of internal controls and to discuss change in policies that will impact the system flow of information.
  •  Participate in the recruitment, retention and motivation of the audit staff and appraisal of the performance in accordance with REA’s Human Resource manual.
  •  Monitor the departmental budget by appropriately allocating resources and individuals in accordance with the available skills and approved audit activities.
  • Proactively support regulations and other providers of assurance and consulting services a appropriate and assist in coordinating REA‘s response to their audit findings and recommendations
  • Collaborate with colleagues in other parts of the Compliance, Risk Management, and Legal functions to improve the quality of controls and risk management across the Agency.
Required Qualifications:
  • A Bachelor's Degree or equivalent in: Accounting / Finance; Business Administration; Risk & Controls; is required.
  • A Master's degree in the above disciplines is a must.
  • Professional certification as a Certified Public Accounts IACCA, CPA], Certified internal Audit [CIA], Certified Fraud Examiner [CFE]. Certified in Risk & Controls iCIRC] is required.
  • Additional relevant certifications in risk, governance and controls are desirable.
  • A minimum of 10 years relevant experience in audit, accounting or risk management, 6 of which should be at principal or manager level.
  • Expertize with computer information systems.
  • Public sector experience is an added advantage.
Terms and conditions of service:
  • Six (6) months probationary period.
  • Four (4) years contract renewable upon satisfactory performance
  • An attractive remuneration package.
Job application procedure
A typed cover letter, together with a current CV, copies of academic transcripts and certificates plus names and addresses of 3 reputable referees should be submitted by 4.00pm on 6th June 2017 to: THE EXECUTIVE DIRECTOR RURAL ELECTRIFICATION AGENCY, PLOT 10 WINDSOR LOOP KOLOLO 2nd FLOOR, HOUSE OF HOPE, P.O BOX 7317, KAMPALA.
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