ABOUT FINCA IMPACT FINANCE
FINCA Impact Finance believes all people should have the opportunity to leverage their wisdom, talent and effort to determine their own destiny. Our worldwide network of full-service banks and microfinance institutions are grounded in the conviction that inclusive finance is critical to bringing people out of poverty. FINCA sets standards for the microfinance industry, constantly innovating and developing new products and services that help our customers achieve their dreams. Millions of entrepreneurs rely on FINCA’s commitment to customer protection and an unmatched customer experience to build a better future for themselves, their families, and their communities.
FINCA Impact Finance’s global network of microfinance institutions and banks provides responsible financial services and enables low-income entrepreneurs and small business owners to invest in their future. With 40 years of experience and a mostly local staff of nearly 5,000, FINCA delivers a double bottom line of social impact and profitability. We hire people from a wide variety of backgrounds at all career stages to fully connect with our customers and strengthen the institution. FINCA expects employees to personify our values of transparency, active listening, accountability, and respect. Successful candidates will embrace our brand attributes of warmth, trust, and responsible banking, and possess a commitment to collaboration, service, and inclusivity.
Role Purpose
Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. To that effect, the Subsidiary Internal Audit Manager (IAM) performs professional internal auditing work which involves managing or conducting performance, operational, financial, IT and compliance audit assignments in the Subsidiary, and the Network; in coordination with the Global Audit Director, he/she ensures that the subsidiary audit plan is executed; he/she provides consulting services to the subsidiary management and staff. He or she is accountable for development, implementation, and monitoring risk-based audit plans that align with the organization’s overall strategic objectives. He/She provides supervision for internal auditing staff. He/She maintains all organizational and professional ethical standards and ensures internal audit activities are carried out in compliance with The IIA’s Global Internal Audit Standards? IIA.
Accountabilities:
Oversee the execution of the Internal Audit plans for his/her subsidiary by ensuring that the planned audits are completed when expected. Anticipate planning issues and is proactive in resolving planning conflicts, delays or ad hoc requests in coordination with the Global Audit Director.
Accountable for follow-up on the execution of audit recommendations.
Lead internal audit assignments at the Subsidiary level and designated assignments at the Network level.
Ensure the quality of audit processes and compliance with auditing standards and methodologies through consistent quality assurance measures. Participate in quality assurance initiatives across the FINCA network.
Responsible for the overall and on-going communication with the Audit Committee and the management of his/her subsidiary, regardless of who is conducting the audit assignments for the subsidiary.
Communicates the results of audit and consulting projects, analysis, trends and any relevant information via written reports and/or oral presentations on a timely basis, according to planned reporting schedule or as required/necessary to the subsidiary management and audit committee
Develop ad hoc and creative communication with the subsidiary management in order to support management in the realization of their objective and to help the internal audit department as a whole in maintaining permanent knowledge of local issues, topics and relevant information.
Develops and maintains productive team-oriented clients, staff, and management relationships through individual contacts and group meetings. Help maintain an image of the internal audit activity which is one of positively contributing to the FINCA mission and goals.
Participate in on-going networking with the other internal auditors in the regions and across the network.
Managing internal audit staff and planning, organizing, directing, and monitoring internal audit operations, including hiring, training, and evaluating staff, and taking effective actions to address performance matters.
Identification and evaluation of the organization’s audit risk areas and the development of a risk-based annual internal audit plan.
Review the implementation of customer experience requirements as specified in the goals and key deliverables of the Subsidiary Management Team during the audit process and communication gaps in audit reports as an Audit exception to Board and Management for further action.
Participate in projects for the internal audit group as assigned by the Global Audit Director or Global Chief Auditor.
Represent internal auditing on organizational project teams at management and board meetings, and external organizations.
Pursuing professional development opportunities; internal and external training and professional association memberships, and share information gained with the team.
Supervisory Responsibilities
Internal Audit team in Subsidiary
Critical Competences:
Lead with integrity- Reinforces our values through daily behaviour; Hold others accountable to ethical behaviours and confront unethical behaviours quickly; Encourage full disclosure of mistakes.
Analytical – Synthesizes complex or diverse information; Uses intuition and experience to complement data.
Problem Solving – Identifies and resolves problems in a timely manner; Gathers and analyses information skilfully; Develops alternative solutions; Works well in group problem solving situations; Uses reason even when dealing with emotional topics.
Technical Skills – Strives to continuously build knowledge and skills; Shares expertise with others.
Customer Service – Manages difficult or emotional customer situations; Responds promptly to customer needs; Meets commitments.
Managing People – Includes staff in planning, decision-making, facilitating and process improvement; Takes responsibility for subordinates’ activities; Makes self-available to staff; Provides regular performance feedback; Develops subordinates’ skills and encourages growth; continually works to improve supervisory skills.
Planning/Organizing – Prioritizes and plans work activities; Uses time efficiently; Plans for additional resources; Sets goals and objectives; Organizes or schedules other people and their tasks; Develops realistic action plans.
Quality – Demonstrates accuracy and thoroughness; Looks for ways to improve and promote quality; Applies feedback to improve performance; Monitors own work to ensure quality.
Job Requirements
Knowledge of and skill in applying internal auditing principles and practices, and management principles and preferred business practices.
Thorough understanding of The IIA’s Global Internal Audit Standards?, including the Principles and Code of Ethics.
Strong understanding of contemporary risk management and control techniques, with working knowledge of modern control frameworks.
Solid understanding of management information systems terminology, concepts, and practices, including but not limited to reporting, disclosure, financial reporting, and accounting principles.
Skill in collecting and analysing data, evaluating information and systems, and drawing logical conclusions.
Good skill in planning and project management, and in maintaining composure under pressure while meeting multiple deadlines.
Good skill in negotiating issues and resolving problems.
Proficiency in computer skills, including word processing, spreadsheets, and systems documentation. Experience with business software for preparingwork papers, reports, memos, summaries, and analyses is preferred.
Excellent skill in effective verbal and written communications in English including active listening skills and skills in presenting findings and recommendations for improvement.
Ability to establish and maintain harmonious working relationships with customers, co-workers, staff, and external contacts, and work effectively in a professional team environment.
Education and Experience:
Required
Bachelor’s degree from university.
10 years of professional experience and 5 years of full-time experience in internal auditing, operations, accounting, business analysis, or program evaluation, including 2 years supervisory experience.
Be Certified Public Accountant or its equivalent and be registered with the National Board of Accountants and Auditors
A professional qualification, i.e. CPA, CIA, CFE, CISA, ACCA, or equivalent member of a professional body is highly desired
Additional:
A second certification/degree in a specialty field (e.g., IT, IT auditing, Fraud or fraud auditing, Accounting, Microfinance or Banking). This may substitute for one year of required experience.
Experience in Microfinance operations, or Banking or auditing in a supervising capacity.
Knowledge of control and risk self-assessment facilitation techniques.
Knowledge of the environment regulations, and laws.
Familiarity with the common indicators of fraud.
Language Skills
Fluency in English
KEY DELIVERABLES
Risk based audits
Provision of ad hoc reporting of critical issues to management and board
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