PURPOSE OF POSITION:
- Helps MFI accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.
- Monitor compliance with the existing laws, rules and regulations of the institution’s country.
- Advice the Board of Directors and management of the institution on the adequacy of the internal control systems and risk management.
- Perform a statutory function if working in a regulated entity.
MAJOR RESPONSIBILITIES:
Planning:
- Develops and submits for approval to the BAC annual audit plan that outlines the activities to be undertaken by the Internal Audit Department (IAD) during the year.
Reporting:
- Submits timely reports to management for all the audits conducted during the year.
- Submits written audit reports to the Audit Committee before every scheduled Board meeting.
- Submits high quality dashboard and any other required reports to the RAM timely.
- Tracks the status of issues / corrective actions arising from audit reports and provides updates to Management, RAM and BAC.
- Informs all concerned staff on changes in Internal control and audit policies and procedures.
Audit Work:
- Carries out the Internal Audit Plan with the assistance of the Internal Auditors (if any) or on their own.
- Performs testing or ensures testing done by Internal Auditors is as per required standards and latest Audit Program.
- Prepares, reviews and issues all IAD audit reports after approval by the RAM.
- Discusses the results of audits with respective units/branch department managers and advices on appropriate actions to improve conditions.
- Ensures all audit testing is adequately documented and archived as required by local regulatory authorities and the RAM.
- Provides and independently appraises all operational functions of the institution.
- Reviews and updates Audit Programs and the Audit Manual when there are changes to products, processes, regulations or systems.
Supervision and Training:
- Supervises, motivates and reviews the work of the Internal Auditors (if any).
- Trains less experienced auditors to meet IAD audit standards.
- Appraises and evaluates all IAD staff development plans.
- Works to develop self and team members continuously.
- Ensures all members of IAD complete the required number of CPE hours every year.
Assist in Fraud Investigations and External Audits:
- Assist in the execution of external audits as well as examination to be conducted by government regulatory agencies and other stakeholder / raters.
- Promptly investigates any fraud incidents escalated by management, staff, RAM, BAC or through Whistle Blowing channel.
- Monitors implementation of issues raised by the external auditor’s management letters and Regulatory reviews.
Meeting Budget:
- Prepares the IAD budget in line with the Annual Plan timely.
- Tracks performance against the budget and ensures that the budget is not exceeded.
Relationship Building:
- Build strong working relationships with the CEO and Senior Management team of the MFI.
- Build strong relationship with the RAM and demonstrate leadership skills with IA team.
- Build strong relationships with the BAC, external regulators / auditors.
KNOWLEDGE, SKILLS & ABILITIES:
- Must have a university diploma or degree in accounting, auditing or similar financial qualification. A graduate degree in Accounting or Management is preferred.
- Professional accounting (CPA/ACCA) – CIA or CISA certification.
- Minimum of 5 years audit experience in banking supervision and/or microfinance (with a minimum of 2 years demonstrated strong leadership experience in planning, supervision and management of an internal audit department a must).
- Experience advising senior management and reporting to audit committees on risk management and monitoring a must.
- Current certification (Certified Public Accountant, Certified Internal Auditor or Chartered Accountant) required.
- Must be able to travel extensively within the country, region and internationally, approximately 25-50%.
- Must be able to work in a cross-cultural environment.
- Must be good in English both oral and writing.
Preferred Skills, Knowledge and Experience:
- Must have good working knowledge of accounting systems.
- Experience in systems analysis and audit would be added advantage.
- Understanding of sun systems, eMerge, T24, or other relevant accounting and loan tracking software would be an advantage.
- Excellent proficiency in the use of all Microsoft office applications especially Excel.
- Experience with non-profit organizations preferred.
- Capability and willingness to take responsibility.
- A high sense of integrity.
- Determined personality with initiative, perseverance and the ability to motivate and manage the team.
- Must be a committed Christian and able and willing to participate and lead in daily devotions.
Work Environment/Travel:
The position requires ability and willingness to travel domestically and internationally up to 25-50% of the time.
More Information
- Job City Bamako
