Internal Audit Manager at VisionFund International

• Helps MicroFinance Institution (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.

KEY 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 reportsafter 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 AND ABILITIES:

• University degree in accountancy or business administration.
• Professional accounting(CPA/ACCA/CIA) qualification a must – CISA certification will be an dded advantage.
• Minimum of 5 years audit experience in banking supervision and/or microfinance(with a minimum of 2 years demonstrated strong leadership experience inplanning, 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.
• Experience in systems analysis and audit would be added advantage.
• Understanding of sun systems, eMerge, TMS or other relevant accounting and loan tracking software would be an advantage.
• Excellent proficiency in the use of all Microsoft office applications especially Excel.
• 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.