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Audit Planning and Implementation

• Prepare audit plans and implement them after agreement with the General Manager Internal Audit.
• Ensure all risks in the assigned auditable areas are fully addressed and audits are completed within the agreed schedule as set out in the annual audit plan.

Risk Assessment and Testing

• In consultation with the General Manager Internal Audit, develop appropriate risk assessment matrices to guide the identification of inherent risks within the various auditable areas as per the annual audit plan.
• Design and implement audit tests to address identified risks and achieve the desired audit objectives efficiently, with a view to provide assurance to the General Manager Internal Audit, the Managing Director, and the Board of Directors that identified risks are effectively managed or mitigated.

Audit Reporting

• Prepare suitable reports on key control weaknesses, detected non-compliance with bank policies, guidelines, statutory requirements and procedures.
• Discuss findings with relevant managers, obtain their comments, and review reports with the General Manager Internal Audit for finalization.

External Audits and Compliance Coordination

• Assist in coordinating inspections and audits by regulators (e.g., Bank of Uganda), BOA Group General Control, external auditors, and due diligence teams.
• Follow up to ensure compliance with the recommendations from these audits and those arising from Internal Audit reviews.

Fraud Investigation

• Investigate frauds, forgeries, and malfeasance, ensuring thorough documentation and reporting.

Regulatory Reporting

• Review reports submitted to the Bank of Uganda and ensure they comply with regulatory requirements.

Staff Supervision and Development

• Supervise audit staff and their work, ensuring that they are aligned with internal audit best practices and standards.
• Contribute to their professional growth by providing training and guidance on audit best practices, broad and specific audit objectives, and detailed audit procedures.
• Ensure that audit staff are conversant with these practices to guarantee a functional and resourceful audit team capable of achieving the desired audit outcomes.