Internal Audit Manager (M/F)

A. Audit Planning and Execution
Develop a comprehensive, risk-based annual audit plan for the MFI, including branch audits, operational audits, and IT audits, in consultation with the Head of Internal Audit and the Audit Committee.
Manage and lead the execution of audit engagements from planning to reporting, ensuring adherence to professional standards (e.g., IIA Standards) and established timelines.
Conduct in-depth reviews of financial statements, accounting records, and operating procedures to detect irregularities, fraud, and illegal acts.
Evaluate the design and operating effectiveness of internal controls over financial reporting, compliance, and operational processes, with a specific focus on microfinance activities such as loan origination, disbursement, collection, and client data management.

B. Risk Management and Control Assessment
Identify and assess significant operational, financial, and compliance risks facing the MFI, particularly those unique to the microfinance environment (e.g., credit risk in group lending, branch security, mobile banking risks).
Provide objective assurance on the management of risk throughout the organization.
Recommend practical and cost-effective improvements to strengthen internal controls, enhance operational efficiency, and mitigate identified risks.

C. Reporting and Communication
Prepare clear, concise, and well-supported audit reports detailing findings, risks, and recommendations for management and the Audit Committee.
Present audit results to senior management and the Audit Committee, facilitating constructive dialogue on control weaknesses and action plans.
Follow up on the timely implementation of agreed-upon audit recommendations and report on the status of outstanding issues.

D. Compliance and Regulatory Adherence
Ensure the MFI’s operations comply with all applicable external legislation, central bank regulations, and microfinance-specific regulatory policies.
Stay abreast of changes in the regulatory landscape, industry best practices, and emerging risks relevant to the microfinance sector.

E. Team Leadership and Development
Supervise, mentor, and train the internal audit team, fostering a culture of continuous improvement, professionalism, and ethical conduct.
Manage the performance of direct reports, including setting goals, conducting reviews, and providing coaching.
 

• Bachelor’s degree in Accounting, Finance, Business Administration, or a closely related field. A Master’s degree (e.g., MBA or MAcc) is often preferred.
• Professional certification such as Certified Internal Auditor (CIA), Certified Public Accountant (CPA), or Certified Fraud Examiner (CFE) is highly desirable.
• Minimum of 5-7 years of progressive experience in internal audit, external audit, risk management, or compliance, with at least 2-3 years in a managerial or supervisory role. Prior experience in the
  banking, microfinance, or financial services sector is mandator.
• Strong analytical, problem-solving, and decision-making skills [13]. Excellent written and verbal communication skills for report writing and presenting to senior stakeholders. Proficiency in audit software and data analysis tools. In-depth knowledge of internal control frameworks (e.g., COSO) and IIA standards
• Deep understanding of microfinance products (e.g., group loans, individual loans, savings), operational processes, and the unique risks associated with serving low-income populations and rural areas.