Assistant Manager, Product Audit

Job Description/Requirements
ABOUT THE COMPANY

We're a fast-growing bank in Kenya that operates on ethical, interest-free banking principles and are part of a major global financial group. We've been expanding steadily with multiple new branches across key cities and offer a mix of retail, business and insurance products tailored to diverse customer needs. Our digital banking platform and mobile app make it easy for customers to access services anytime, anywhere.

Job Summary
Our client, a fast-growing bank in Kenya that operates on ethical, interest-free banking principles and is part of a major global financial group, is seeking to hire an Assistant Manager, Product Audit within their Internal Audit Department. Reporting to the Manager, Consumer & Corporate Banking Audit, this role is based in Nairobi and sits within a dynamic team supporting the bank's strategic objectivesJob Purpose (Brief summary of why the job exists)The Assistant Manager, Credit Audit, will support the Manager in executing reviews related to reviews focused on banking products and related processes. This position plays a pivotal role in assessing adherence to internal controls, policies, and regulatory requirements to mitigate risks and enhance operational efficiency within the product portfolio. The role holder will also perform routine and non-routine internal audits, investigations, procedures/ policies review, project participation and other administrative assignments.

Responsibilities
Assist the Manager in planning and executing audits of consumer and corporate banking products to ensure compliance with internal policies, regulatory requirements, and industry best practices.Performs a survey of functions and activities in assigned areas to determine the nature of operations and the adequacy of the system of control to achieve the objectives of the audit assignment. Liaise with product development, credit, operations, and risk teams to understand product features and associated risks.Prepares the audit plan and the audit work program for the assigned audit in line with department standards. Conduct audit reviews of consumer and corporate banking products to ensure compliance with internal policies, regulatory requirements, and industry best practices.Evaluate the effectiveness of controls over product management, development, pricing, and delivery.Identify operational risks and control weaknesses within product processes and recommend appropriate mitigation measures.Maintain audit working papers and documentation in accordance with internal audit standards and methodologies.Manage the individual audit assignments to ensure that professional standards are maintained and all assigned audit steps are executed within the approved time budget.Make presentations to the management during and after the audit, to discuss observations and recommend corrective action to improve operations. Prepare detailed audit reports outlining findings, risks, and recommendations for management actionMaintain a positive relationship with key stakeholders. Provides input for the revision of audit programs/review approach to achieve specific objectives in a more effective/efficient manner.Follow up with the auditee to get an update on the audit action plan and appraise the adequacy of corrective actions taken to mitigate the risks.Ensure compliance with the approved policies, procedures, SLAs and regulatory requirements to maintain quality standards and ensure risk mitigation.Cultivate a culture of learning and development; seek coaching and mentoring from supervisors to enhance their skills and capabilities.Ensure all assigned tasks and projects are executed within the approved policies, procedures and SLAs of the department. Stay updated on emerging risks, regulatory changes, and best practices in banking product management and audit.Advise management on new developments that affect the Bank's product portfolio and provide a solution proactively. Leverage technology solutions, including AI, to enhance IA's efficiency and effectiveness. All the above accountabilities include, but are not limited to, any additional/new tasks or responsibilities assigned by the line Manager.Dimensions / Context (scope of the job – responsibility for managing)Financial - Impact on results: "department budget, cost of operation, sales margin, operating income, staff headcount".Non-Financial – To manage internal audit assignments and ensure that engagements are performed in a systematic, disciplined manner and with due professional care and efficiency within a defined time frame. Job Complexity/JudgmentAbility to plan and execute the engagements to achieve the audit objectives.Ability to perform engagements in a systematic, disciplined manner and with due professional care and efficiency within a defined time frame. Ability to liaise with auditees and advise on corrective action.Ability to review and analyse the results arising from assignment planning, testing performed and identifying the cause of system failures, potential effects and the action necessary to remedy situations.Ability to work independently and as part of a team, managing multiple priorities under tight deadlines.Key Relationship (Internal & External)Internal interactionsWithin the Department- Manager, Consumer & Corporate Banking Audit, Head of Audit, and Other Audit Team members.Within the Bank- Staff and Supervisory/Middle management of Audited unitsExternal interactions: External Auditors & Group Internal Auditors, etc.Job SpecificationEducationBachelor's Degree + Professional Certificate (CA/CPA/CIA/CISA equivalent qualification is an added advantage).Training/ SkillsProficient in MS Office and audit management software.Work ExperienceMinimum of 3-5 years of audit experience in audit, risk management, or banking operations, with exposure to product audit or related areas, preferably within a banking or financial institution.CompetenciesBehavioural: Excellent analytical, problem-solving, and report-writing skills. Effective communication and interpersonal skills to interact with various stakeholders, Customer Focus and Assertiveness.Core technical (knowledge and skills): Good understanding of banking products, credit risk, and regulatory environment in Kenya.Sharia: Fundamentals of Islamic Banking, Islamic Financing Banking ProductsOrganization Reporting RelationshipReporting to: Manager, Consumer & Corporate Banking AuditSubordinates:

NILOther positions in the same unit: None

Required Skills
Credit auditing, Accounting, Analytics, Financial analysis, Financial analytics and forecasting, Compliance, Auditing of accounts, Internal control

Required Education
Bachelor's degree