| Job title: Asst. Audit Manager- Banking Financial Services and Insurance Sector (BFSI) |
| Department: Audit & Assurance |
| Duty station: Kampala Uganda |
| Reports To: Director/Senior Manager/Partner |
| Employment type: Full-time |
| JOB PURPOSE: To plan, manage and execute risk-based audits for clients in the financial services sector including banks, Non-Bank Financial institutions, Microfinance institutions, SACCOs and Insurance Companies, ensuring compliance with ISA, IFRS, IFRS for SMEs( where applicable) and Bank of Uganda/IRA regulations while leading audit team and maintaining Bakertilly quality standards. The position provides independent and objective assurance on the effectiveness of governance, risk management, internal controls, regulatory compliance, financial reporting, operational efficiency, asset quality, information systems, and fraud risk management. |
| Essential Duties and Responsibilities: ⮚ Audit Planning and Risk Assessment- Lead annual audit, risk assessment and development of risk-based audit plans for financial institutions. ⮚ Audit Execution and Supervision- Execute and supervise end-to-end audit assignments in line with ISA, IFRS AND Bakertilly methodology. ⮚ Financial Services-Specific Audit Coverage- Audit Core Banking Operations, lending treasury, credit portfolio quality provisioning and insurance technical reserves. ⮚ Fraud Risk Management- Evaluate fraud risk frameworks, conduct forensic reviews and investigate red flags and whistleblower reports ⮚ Regulatory and Compliance Assurance- Ensure compliance with financial institutions Act, AML/CFT regulations and prudential guidelines. ⮚ Audit Reporting- Draft and present high-quality audit reports with clear findings, root cause analysis and actionable recommendations to partners ⮚ Audit Team Leadership- Lead, coach and mentor team of auditors, manage resource allocation, performance and on – job training. ⮚ Audit Quality and Methodology- Ensure strict adherence to audit quality standards, ethics, and Bakertilly global audit methodology in Caseware cloud /desktop applications |
| Key Performance Indicators: ⏺ Quality of audit execution and adherence to CAOA ⏺ Timely Reporting and effective Time Management ⏺ Team leadership and Staff development ⏺ Meeting Deadlines set by superiors. ⏺ Client satisfaction and audit finding remediation rate |
| Education and/or Work Experience Requirements: Experience: Minimum 3-4 years in external audit, internal audit, risk or compliance within financial services including 1-2 years in a supervisory or management role handling financial institutions. Academics: Bachelor’s degree in accounting, Finance, Economics, Banking and Finance or related field. Master’s degree in finance, Accounting, Business Admin, Risk Management or related discipline Professional Qualification: CPA/ACCA, Certified Fraud Examiner, CIA or CISA is an added advantage. Technical Knowledge: Deep understanding of IFRS, ISA, IFRS 9& 17, Bank of Uganda prudential regulations, risk-based auditing Skills and Competencies Strong leadership and team management Excellent analytical, report writing and communication skills High integrity, professional skepticism and attention to detail Proficiency in audit software Strong communication and interpersonal skills |
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