Internal Audit Manager – VF Mali (MicroFinance)

15890-16G03002
Bamako
Bamako
01-Oct-21
International Role - No - Only National applicants will be considered.

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.