Job Vacancy at Diamond Trust Bank (DTB) | Senior Officer – Internal Audit – 2024

Overview

Job Title: Senior Officer – Internal Audit

Diamond Trust Bank (DTB)

 

 

DTB Tanzania was founded in 1945 and is a fully operational commercial bank with 28 branches and 28 ATMs spread throughout Tanzania’s main cities.

A Purpose of Job:

To offer an unbiased evaluation of the Bank’s financial and operational operations and confirm that its internal control and process systems are sufficient, productive, and efficient.
In order to prevent waste, fraud, and unnecessary loss, as well as to ensure the effective use and utilization of the group’s resources and assets, it is necessary to review financial and operating procedures as well as internal controls. Additionally, it is necessary to manage and coordinate efforts in the administration of the Internal Audit function.

 

 

The Key Results Area:

Establishing established inspection processes and audit procedure manuals for Diamond Trust Bank Tanzania as necessary, as well as making sure that management and employees have access to up-to-date, easily accessible policies.
Boost productivity and efficacy across the board for the Bank’s audit administration.
supplying the Boards’ audit committee with current information on all aspects of the Bank’s administration and audit controls.

 

Primary Accountabilities:

Activities of Management.

• The incumbent will be expected, among other things, to organize and coordinate the execution of audit assignments for various Bank operations, all under the direct supervision of the Manager, Internal Audit.
• Assume a leading role in the Bank’s regular and exceptional audit tasks.
• Ensuring timely, accurate, and thorough preparation of BACC files.
• Help with the IAD department’s general administration monitoring and coordination.
• To support the creation and management of an efficient internal audit function with skilled, motivated personnel in order to ensure the audit team performs well.
• Lead ongoing system and procedure improvements, examining, assessing, looking into, and offering advice on the right systems and internal controls that Diamond Trust needs.
• Bank Tanzania for the efficient and responsible administration of the Bank’s finances and operations.
• Any additional tasks that management may occasionally assign or delegate.

 

 

Tasks Related to Operations:

• Perform spot checks, concurrent and periodic audits, and oversee related tasks like project participation when required by the bank.
• Reviewing accounting rules to ensure they are adequate and in line with best practices and established standards, as well as providing regular reports as needed.
• Examine pertinent records, papers, procedures, and systems to make sure they are followed and that the Bank’s stated policies, procedures, authority limits, and regulatory requirements are all met.
• Examining and verifying adherence to the requirements of the Banking Act and the Prudential Guidelines.
• Write audit reports on schedule, outlining the results of the audit and offering suggestions for strengthening internal controls and procedures.
• Examine bank policies, new products from a variety of operational perspectives, suggest the right course of action, and create reports for sign-off and value creation.
• Make that all audit assignments are completed, and that the working papers file is kept up to date with an appropriate audit trail.
• Monitoring suggestions from central bank inspectors, internal and external auditors, and management to make sure that management implements them appropriately and that irregularities don’t jeopardize the bank’s interests by causing financial loss.
• Conduct routine audits and/or oversee them to make sure that the established protocols and guidelines are followed and updated.
• Perform tasks and inquiries as assigned from time to time as judged necessary by Senior Management, the CEO, the head of internal audit, or the chairman of the board audit committee.
• To perform other tasks as allocated from time to time.

 

Qualifications:

• B. Com. degree from university Bookkeeping.
• CPA, ACCA, and CIA are examples of professional qualifications in accounting and auditing.
• Belonging to a professional association like the IIA or NBAA.
• Computer literacy is a must.

 

Experience:

• Three years of minimum relevant experience in practical auditing, ideally at a senior level in a big organization or in commercial banking.

 

Individual Qualities:

• An independent, methodical approach to managing complicated and changing work settings.
• Capacity to reconcile conflicting corporate needs.
• Ability to autonomously strike a balance between immediate and long-term needs.
• Strong reporting, communication, and evaluation abilities.
• Strong negotiation, presentation, and interviewing abilities.
• Able to support business decision-making with counsel and cause-and-effect analysis.
• Logical and self-reliant thinker who is also a doer and executor.
• Sets an exemplary example.
• Capable of adding value through management reporting and adept at handling massive amounts of data.
• Effortlessly creates networks and relationships.
• Powerful work ethic in service.

 

Work and Engagement:

• Requires spending a lot of time at a desk using a computer and reviewing documents.
• This position requires a high degree of adaptability in terms of both personal style and the acquisition of banking-related business knowledge, as it is both internally and externally focused.
• Building relationships at the senior level inside the organization is a requirement of the position.
• The employee will create and maintain a network of contacts outside the company.
• Participation in appropriate group and cross-national forums will be necessary to guarantee team building and the dissemination of best practices throughout the organization.

 

Important Performance Measures:

• The standard of audit reports.
• An increase in the volume of reports and audit reviews.
• Hours of capacity.
• Building and utilizing capacity.
• Internal satisfaction survey for customer service.
• Maximization of revenue and reduction of costs through process enhancement.
• The calibre of the engagement planning and pre-audit activities.
• Carrying out assurance-related tasks.
• Post-audit activity and audit reporting.
• Advice and Counseling.
• Professional growth and technical proficiency.
• Leadership / People Management / Auditee.

 

 

Assessment of Performance:

June and December

 

 

How to Apply:

If you are interested in the aforementioned role and fulfill the prerequisites, please submit your application to recruitment2024@diamondtrust.co.tz.

Applications must be submitted by September 2, 2024.

Note: Following the submission deadline, successful candidates will be informed no later than 14 days.

DTB does not charge an application fee, and it is an equal opportunity employer.

closure time. September 2, 2024, Monday, 23:59.