Head of Internal Audit

Key Duties and Responsibilities:

• Provide prudent audit coverage at a reasonable cost for all elements of the bank
• Prepare an annual plan for auditing the accounts and operations of bank’s all departments and submits the plan to the audit committee/board for approval
• Execute annual audit plan, including financial budget, coordinating efforts with external auditors to avoid unnecessary costs and duplication of efforts
• Ensure primary audit focus to determine the effectiveness of internal controls and the degree of compliance with policies Secondary objectives include reviewing operating efficiency, measuring attainment of objectives and making recommendations for cost reduction and earning improvement
• Review and investigate security breaches by bank’s staff and work with the human resources manager to bring such matters to a satisfactory conclusion.
• Report on the results of the audit examinations to management after audits are completed Obtain responses from management and review responses prior to submitting to the MD and the audit committee of board of directors
• Prepare plans and procedures for investigation projects and assign them to the investigation teams
• Review bank’s operating procedures to identify potential loopholes for fraud and advise management to address them
• Review modified or new systems prior to implementation to ensure any internal control deficiencies that might occur can be corrected at a time when it is practical to make system changes.
• Review bank’s security procedures on financial and physical assets are maintained at all times.
• Ensure audit standards for written audit programs and work papers are adhered to and that sufficient competent documentation is required to evidence audit work performed and conclusions drawn.
• Manage the audit function independently of management however in keeping with the bank’s current organization chart, functionally reporting to the audit committee of the board of directors and reporting to the MD administratively.
• Establish standards of professional ties in related professional groups
• Supervise field work to ensure quality audits and at the same time meet with branch staff to enhance the audit image
• Coordinate the work of Bank of Uganda supervisors and external auditors.
• inform MD and audit committee of Board of Directors of audit activities. You are required to submit material audit findings as per the audit plan
• Assist board of directors in fulfilling responsibilities relating to audits
• Maintain an open line of communication with MD and the audit committee of board of directors.
• Any other duties assigned to you by the Bank

Qualifications, Skills and Experience:

• The ideal candidate will have the following
• Must have a Bachelor’s degree in Business Administration, Commerce, Statistics or any other related business field
• Must have a Certified Public Accountant (CPA), or Chartered Certified Accountant (ACCA)
• Must be registered member with Institute of Certified Public Accountants of Uganda (ICPAU).

EXPERIENCE

• Minimum of 5 years’ experience in audit related managerial positions preferably in the banking sector
• Demonstrated experience in internal Audit

TECHINICAL COMPETENCES

• Up to date Knowledge of methodologies and trends in business and corporate governance
• Knowledge and understanding of relevant legal and regulatory requirements m business
• Sound knowledge of internal audit, business management, risk management and up to date knowledge of trends in business
• Suitable basic knowledge in Internal audit is a must
• BEHAVIOURAL COMPETENCES
• Highly organized person, with ability to multitask with ease
• Leadership and strategic skills

Integrity &

• Team player
• Emotional intelligence skills
• Communication skills
• Governance & Stakeholder engagement Skills.

Age

• Preferably below 40 years However, Management reserves the right for determining the age criteria even below /above 40 years keeping in view the experience/qualifications, etc

How to Apply:

Suitable candidates should submit their applications along with their CVs in person to HR Department Bank of India (U) Ltd, Head Office, Plot 37 Jinja Road next to National Water Offices, Kampala or email it to boiul.hr@bankofindia.bank.in and or boiul.uganda@bankofindia.bank.in not later than 18th July 2026 up to 5:00PM

Deadline: 18th July 2026

NB: Only shortlisted candidates will be contacted.