At a glance
- Closing date
- The listing does not give one. Employers often close early when they have enough applicants, so apply soon.
- Where
- Nairobi, Kenya
- How to apply
- On myjobmag.co.ke, where the employer takes applications.
- Similar roles
- 297 other open Accounting & Finance roles on the Kenya board right now.
- This employer
- CIC Insurance has 13 open roles on RezSync.
About the Role
Reporting to the Internal Audit Manager, the role holder will be responsible for providing independent, objective assurance and advisory services on the adequacy and effectiveness of governance, risk management and internal control processes for CIC Asset Management Limited (CICAM) across the Group
Key Responsibilities:
Audit planning, execution and reporting
Develop and execute risk-based audit programmes covering asset management and investment activities.
Conduct end-to-end audits of investment portfolios, investment products, fund management and investment operations.
Identify root causes of investment control weaknesses, regulatory breaches and operational risks.
Prepare clear, evidence-based audit reports with practical recommendations and management action plans.
Present significant investment audit findings and risk exposures to the Internal Audit Manager and / or Director, Internal Audit.
Monitor implementation of audit recommendations and conduct regular follow-up reviews.
Provide independent advisory input on new investment products, investment platforms and changes in investment management processes.
Investment portfolio management and oversight
Audit investment portfolio management activities, including asset allocation, investment selection and portfolio rebalancing.
Evaluate compliance with approved investment strategies, investment mandates, and investment policy statements.
Review investment decisions to establish whether they are supported by appropriate research, financial analysis, due diligence and authorized approvals.
Assess compliance with investment limits, asset allocation thresholds, concentration limits and regulatory investment restrictions.
Audit investment portfolios comprising equities, government securities, corporate bonds, money market instruments, deposits, collective investment schemes and other alternative investments, as applicable.
Review portfolio performance measurement, benchmark selection, investment returns, yields and attribution analysis.
Assess the adequacy of monitoring and escalation of investment performance deviations and portfolio breaches.
Regulatory compliance
Audit compliance with the Capital Markets Act and applicable CMA regulations, guidelines, circulars and directives.
Assess compliance with applicable requirements governing fund managers, investment advisers, collective investment schemes and alternative investment funds, as relevant.
Review regulatory capital, financial resource and prudential requirements, where applicable.
Audit the preparation, accuracy and timely submission of regulatory returns.
Assess compliance with requirements relating to client asset protection, custody arrangements, segregation of client funds and investor disclosures.
Review regulatory inspections, compliance findings, breaches and implementation of corrective actions.
Assess the effectiveness of controls over regulatory change management.
Investment risk management and governance
Assess the effectiveness of the investment risk management framework and compliance with approved risk appetite.
Review the governance and effectiveness of the Investment Committee and other investment oversight structures.
Evaluate the adequacy of investment policies, procedures, delegated authorities and approval frameworks.
Review portfolio stress testing, scenario analysis, liquidity management and investment risk reporting.
Assess monitoring of counterparty exposures, credit risk and portfolio concentration.
Who We’re Looking For
Essential Knowledge/Skills and Experience Required:
Bachelor’s degree in Finance, Accounting, Economics, Investment Management, Actuarial Science or a related discipline
Professional Qualifications
Candidates must possess at least one of the following:
Certified Public Accountant (CPA-K).
Certified Internal Auditor (CIA).
Association of Chartered Certified Accountants (ACCA).
Certified Investment and Financial Analyst (CIFA)
Additional qualifications in Financial Risk Management (FRM), Information Systems Auditing (CISA) or Risk Management Assurance (CRMA) will be an advantage.
Membership to a professional body will be an added advantage.
Experience Required:
Minimum of 4 years of relevant professional experience, with at least 2 years of direct experience in auditing asset management, investment management, fund management or investment operations and 2 years’ experience in the big 4 audit firms.
Practical exposure to auditing investment portfolios and investment transactions.
Demonstrable understanding of financial markets and investment products.
Insurance Professional Qualification is desirable.
go to method of application »
Minimum qualifications
BA/BSc/HND , Professional Certificate
How to apply
Use the link(s) below to apply on company website.
Sales Transformation & Performance Officer
Internal Auditor
Business Performance & Analytics Lead
https://www.myjobmag.co.ke/apply-now/1385004
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