Kimathi Muchiri

I am a professional with over 20 years of experience, 16 of which have been in senior management. I have expertise in various fields including finance, audit, risk management, compliance, business processes reengineering, lean six sigma-project management and change management. My experience cuts across the private sector, not for profit and the development world having worked in the education, manufacturing, real estate, Hospitality, financial services and investments sectors.

PROFESSIONAL EXPERIENCE

1)  September 2017-To date: Cytonn Group

Head of Internal Audit, Risk & Compliance

Cytonn is an investment and real estate group based in Nairobi Kenya with a fund under mandate of about 1 billion USD in real estate, Asset Management and alternative investments. It has operations in Kenya and the US. The role of the Head of Internal Audit, Risk & Compliance involves providing assurance leadership to over 30 companies and affiliates in the Cytonn Group.

Duties and Responsibilities;

a)  Audit

• Development, implementation and maintaining a comprehensive risk based internal audit plan for the Group;
• Providing assurance on Anti Money Laundering and regulatory compliance (onboarding processes and transaction monitoring) for the Group's Collective Investment Schemes
• Providing Information Systems assurance to the Fintech Mobile Wallet and Cytonn Credit
• Providing revenue and expenditure assurance for Cytonn properties and sales 
• Providing assurance on hospitality operations of Cysuites
• Providing assurance on compliance of investments to existing regulatory framework
• Ensuring sound practices in internal controls that conform to International Professional Practices Framework (IPPF), International Financial Reporting Standards (IFRS) and International Audit Standards (IAS)           

b) Risk Management

• Guiding integration of enterprise risk management with organizational planning and management activities
• Evaluating the adequacy of the company's internal control framework in addressing risks and accomplishing the company's goals and objectives          

 c) Compliance

• Providing Leadership on Group compliance
• Developing Compliance framework for Regulated money market products, Hospitality and Real Estate
• Reviewing Compliance programs
• Training compliance staff on AML/KYC, FATCA, CFT etc

d) Quality Assurance &; Control

• Providing Leadership and supervisory responsibility for real estate Quality Assurance & Control

Milestones:

• Zero financial losses from the Cytonn Fintech solutions 
• Spearheaded integration of the Cytonn Group Internal Control framework (Policies, Risk Management framework and Business Continuity Planning
• Restructured the payment system of Cytonn Real Estate 

2)  March 2010- September 2017: Head of Internal Audit & Risk 

Management University of Africa/Kenya Institute of Management (K.I.M),

The Management University of Africa (MUA) is a premier private university that aims at providing innovation, leadership and management solutions to industries and communities in Africa and beyond. While the Kenya Institute of Management is a not for profit professional membership-based, management development organization set up to enhance excellence and integrity in management practice with MUA being its flagship university.

Role

• Development, implementation and maintaining a comprehensive risk based internal audit plan for the Group;
• Providing financial assurance on University revenue and expenditure
• Providing financial assurance on grant and partnership engagements with development bodies and the Government
• Providing financial assurance on membership and student finances
• Development and documentation of a system for reviewing and monitoring the institute's/University's risk management system and making appropriate recommendations for improvements based on industry best practices;
• Ensuring sound practices in internal audit that conform to International Professional Practices Framework  (IPPF), International Financial Reporting Standards (IFRS) and International Audit Standards (IAS).
• Spear-heading Institute business process analysis using lean six sigma framework

Milestones: 

• Championed Lean Six Sigma implementation within the institute in 2014-16.
• Guided the institute through the implementation of its Risk Management Process-2013
• Set up the Management University of Africa Internal Audit function-2010

3)  March 2005- March 2010: Kenya Institute of Management (K.I.M), Internal Auditor

The Kenya Institute of Management is a not for profit professional membership-based, management development organization set up to enhance excellence and integrity in management practice in Kenya and beyond.

Duties and Responsibilities;

• Development, implementation and maintaining a comprehensive internal audit plan;
• Developing systems for the evaluation of financial, information systems and operational procedures to ensure adequate internal controls are present;
• Providing financial assurance on grant and partnership engagements with development bodies and the Government
• Providing financial assurance on membership, student finances and other training programs

Milestones: 

• Guided the institute as the Management Representative in achieving its ISO 9001: 2008 certification-2010
• K.I.M employee of the year 2006
• Set up the Internal Audit function within the organization and developed the Institute's Internal Audit Charter, Audit Committee Charter and the Audit Manual-2005

4) June 2004 to February. 2005: Seven Seas Technologies (Rwanda) Ltd Country Accountant;

Seven Seas Technologies is a leading provider of integrated business and technology solutions across Africa in the Financial, Telecom, Real Estate, Service Industries and Government, in partnership with Global Technology Industry leaders and collaborative synergies with Technology Centric Partners.

Duties and Responsibilities;

• Preparation of monthly management accounts and final balance Sheet, Profit, and loss Account 
• Reviewing financial reports & Monitoring accounts,
• Preparing activity reports and financial forecasts.
• Ensuring adherence of all tax related issues by the company and ensuring compliance with all taxes and necessary legislations.
• In charge of Organization's logistics

5) February 2000 to May 2004; Mastermind Tobacco (K) Ltd;

Assistant Accountant;

Mastermind Tobacco (K) Ltd ¡s one of the leading tobacco growers and a manufacturer of fast moving range of cigarettes brands in the region. The company is also involved in the exports of both tobacco and tobacco products to world markets. The role largely involved processing of creditors payment and fleet analysis

Education

• Master of Business Administration-Finance, University of Nairobi
• Bachelor of Commerce-Accounting, Kenyatta University

Professional Trainings and Certifications

• Certified Public Accountant (CPA-K) 
• Certified Information Systems Auditor (CISA) 
• Certified Internal Auditor (CIA) 
• Certified in Risk and Information Systems Control (CRISC) 
• Monitoring & Evaluation Certification
• Lean Six Sigma Yellow, Green and Black Belt Certified