Company Overview
Tawakal Express is a leading remittance service provider and fintech company, delivering fast, secure, and reliable money transfer solutions. Our work goes beyond transactions—we empower families, strengthen communities, and support businesses globally. At Tawakal, every transfer makes a difference, and you have the opportunity to be part of something that truly impacts lives every day.
Role Summary
The Internal Audit Manager is the head of internal audit and is responsible for providing independent, objective assurance and advisory services that support risk management, control, and governance across all Tawakal operations. The role ensures regulatory compliance, enhances operational efficiency, and safeguards stakeholder confidence through professional auditing and risk-based oversight.
Key Responsibilities and Deliverables
1 Internal Audit Strategy & Planning
• Develop and maintain a rolling 3-year Internal Audit Strategy aligned with enterprise risks and business priorities.
• Design and execute the Annual Internal Audit Plan (AIAP) using a risk-based approach.
• Periodically update the Internal Audit Charter to reflect changes in business structure and regulatory requirements, ensuring alignment with the International Standards for the Professional Practice of Internal Auditing (IIA Standards).
2 Financial Audit & Controls
• Lead audits of financial statements and accounting systems to ensure accuracy, transparency, and compliance with IFRS.
• Identify weaknesses in the control environment and propose corrective actions to strengthen financial integrity.
3 Risk Assessment & Management
• Conduct comprehensive and independent risk assessments in collaboration with the Risk Management Unit, focusing on high-impact areas such as liquidity, AML/CFT, and cybersecurity.
• Review and validate risk control matrices (RCMs) for critical functions.
• Proactively monitor emerging risks and regulatory developments to inform audit responses and risk mitigation strategies.
4 Operational Audit & Process Improvement
• Assess operational procedures and internal workflows across remittance operations, branches, KYC/AML, and support functions to identify inefficiencies, control weaknesses, and process gaps.
• Provide data-driven recommendations to enhance compliance, productivity, and overall operational efficiency.
5 Board Reporting & Governance
• Prepare and deliver quarterly and annual audit reports to the Board Audit Committee, highlighting key risks, audit outcomes, and strategic insights.
• Escalate material control breaches and regulatory concerns directly to the Board when required.
Qualifications and Requirements
Education:
• Bachelor’s in Accounting, Finance, or a related field (Master’s preferred).
Certifications:
• CIA (Mandatory); CPA / ACCA / CISA required; CFE is an added advantage.
Experience:
• Minimum 7 years in internal audit, with 3+ years in a leadership role within financial institutions or fintechs.
Technical Skills:
• Strong command of Audit Software, ERP, ACL/IDEA, Excel, Power BI.
Languages:
• Fluency in English required; Somali and Arabic are advantageous.
Mobility:
• Willingness to travel across TMT offices.
Location
• Garowe (HQ) – Somalia | Nairobi – Kenya | Dubai – UAE.
