Ensures that management has identified risks and had developed systems of internal control to mitigate the risks and ensures that the systems are efficient and effective. Evaluates systems and ensures compliance to RBZ, Government of Zimbabwe and other regulators statutes and requirements. Develops a flexible risk based annual internal audit plan using risk based support models and methodologies, and ensure its full implementation. Provides management and the Board with a comprehensive risk management process to ensure that risks are identified, and evaluate existing internal controls� ability to mitigate the impact and likelihood of occurrence of the identified risks. Schedules and assigns audits to team members, ensuring effective and efficient use of resources. Oversees and provides quality control for the department�s audits, to ensure departmental mandate and business goals are met and that professional standards are maintained at all times. Reports to the respective Board Audit Committees (ZBFHL, ZB Life, ZB Re, ZB Building Society) at the required intervals on Internal Audit assignments including planned reviews, investigations, risk advisory work and any other ad-hoc activity as required. Facilitates the formulation of new procedures and organizational changes resulting from audit/consulting engagements and discusses changes in related policies, rules, procedures, and methods with the respective Managing Directors and Heads of Division. Develops/ and implements fraud and unethical behavior prevention programs driven by risk based support models with the objective of ensuring effective governance in the Group and SBU�s. Sits and participates in the various Committee�s of the Group. This includes but is not limited to Loans, Risks, Group IT Enhancement, Procurement, Audit Committees. Responsible for all forensic investigations, ensuring that all fraud/ errors, customer complaints, staff complaints are investigated and closed. Researches and keep abreast of legislative issues, new audit regulations/trends, new and emerging technologies, tools, and methodology, and elicit information from knowledgeable internal/external sources about areas and functions to evaluate or analyze. Liaises with other internal and external auditors and law enforcement agents with a view of remaining up-to-date with risks and possible mitigants affecting the sector. Liaises with and implement recommendations of External Auditors. Supervises, hires, evaluates, instructs, delegates duties and tasks, directly mentors, counsels and monitors the audit staff, and ensures staff compliance with regulations, company policies, deadlines, and auditing standards. Maintains a professional audit staff with sufficient knowledge, training, skills, and experience to meet the requirements of the various Board Internal Audit Committees. Assists in recovery of company assets that would have been misappropriated through fraud. Works with the Reserve Bank and other external regulators on risk and controls to ensure effective compliance of the Group and its Business Units. Develops and implements the budget for the department. Decides on how to performance a risk assessment. Decides on what to audit. Decides on what to consider in the Audit Report. Decides on the risk, exposure and control rating. Decides on recommendations to make after investigations. Decides on who to employ and promote. Decides on what to report in the Board Audit Committee. Decides on how to ensure governance issues are effectively addressed in the Committees. Prepares annual plans for the Group and SBU�s with regards to internal audit. Prepares and submits Board packs. Converts the annual audit plan into an operational plan. Approves plans for the individual audits. Develops and implements the departmental budget. Manpower planning. Undertaking forensic audits; Implementing Group Audit Plan; Managing costs; Ensuring compliance to company policy and regulatory requirements; This job coordinates data supply from departments/ functions that do report to this position. This often results in a delay of supply of information that is critical for meeting the KPI�s of this job; Dealing with regulatory authorities; Coordinating people that may not understand the purpose of particular activities

Job evaluation subgrade: E