Catherine Nyaga-Mbithi CPA(K), GradIRM

Key achievements: Providing audit assurance, performing compliance and consulting services to the Audit and Risk committees of the various entities within my portfolio. Specific roles • Operate a dual reporting environment between Absa Life and First Assurance • Internal audit management of Global Alliance Mozambique (GAM), a subsidiary of Absa Group Limited • Preparation of risk-based audit plans aligned to the risk profile of the companies • Liaison with Group Auditors for oversight on quality assurance • Execution of the audit plan and reporting to the Audit and Risk Committee • Monthly updates on changes in risk profile with the MDs of Absa Life and First Assurance and Chair of the audit committee • Perform annual reviews on compliance with the Insurance (Anti-Money Laundering and Combating of Terrorism) Guidelines, 2020 issued by the Insurance Regulatory Authority (IRA)

Key achievements:- Key coordinator of the process re-engineering exercise in 2019 with an external consultant. Some of the notable gains from this process include; • Improved debt collection percentages on underwritten premiums from 43% to 85% • First year lapse rate on policies reduced from 28% to an average of 12% • Improved communication to customers through emails and Short Messaging Services (SMS) which increased product awareness amongst the customers. This resulted to increased customers referrals. For every 5 customers, there are 2 new customers buying our insurance products, representing a 40% increase in customer base. Further, i developed risk champions in each department to assist with risk management efforts at department level. Specific responsibilities • Operate a dual reporting environment between Absa Life and First Assurance • Review and recommend improvement of the control environment • Review Governance structures for adequacy and effectiveness • Design the governance and control function strategy and align it to the overall Group strategy • Executing strategy while monitoring closely to maintain relevance and appropriateness • Updating staff on up-to-date risk management concepts and facilitating its activities and reports • Overall improvement of the control environment

In this role, i have performed the following risk consulting services in various organisations -Outsourced and co-sourced risk based internal audit services -Corporate governance review -Risk management reviews -Contract compliance review -Regulatory compliance reviews -I am an accredited KPMG trainer I have conducted the above reviews for entities in the following sectors among others: -Banking -Insurance -Fund management -Non governmental organisations -Energy

The role of the internal audit was to provide advisory services to the branches and Head office units. This involved a review of the key business functions in the branches and head office as well as the support functions. The reviews covered the following areas: -customer accounts opening and management -lending process -cash management -treasury functions reviews -know your client (KYC) reviews among others.

In this role, I was involved in financial statements reviews for compliance with International Financial Reporting Standards (IFRS) as well as UK Generally Accepted Accounting Principles (UK GAAP) as applicable. The reviews were in the following sectors: -Insurance Business -Fiduciary business which comprised of various trust funds -Hedge Funds (Funds of Funds) -Private Equity and venture capital funds -Listed Funds -Fund Managers for hedge funds and venture capital funds. I aso performed the following reviews: -Internal audit -Anti money laundering reviews

In this role, I was involved in financial statements reviews for compliance with International Financial Reporting Standards (IFRS) for clients in the following sectors:- -banking -manufacturing -retail -agricultural: and non-governmental organizations.