Advans Latest Employment Opportunity

March 13th, 2023 at 11:32 am

Advans Latest Employment Opportunity

Job Title: Head, Internal Audit

Company Profile

Leading microfinance organization Advans was founded in 2005. The goal of Advans is to meet the financial needs of small enterprises and other groups with poor adaptation to, little access to, or no access to mainstream financial institutions. The Advans Group now operates in nine nations: Pakistan, Nigeria, Nigeria, Cameroon, Ghana, the Democratic Republic of the Congo, Côte d’Ivoire, Tunisia, and Myanmar.

The organization has more than 7,300 employees and served more than 1,000,000 clients as of the end of October 2019. The group’s owners include EIB, KfW, FMO, CDC Group plc, FISEA (AFD Group), and IFC. Its headquarters are in Luxembourg, and its support services are located in Paris.

Advans Ghana, a division of the global microfinance organization Advans, began operations in 2008. The organization provides micro, small, and medium-sized businesses in Ghana with a full variety of customized financial products and services. Via a network of 20 places of sale and more than 650 staff, the organization provides services to more than 64,000 customers.

Job Description

Are you seeking a new challenge in a vibrant, multiethnic setting? Do you possess demonstrable experience in this area? Do you want to support an organization that is dedicated to making a lasting impact? The position you’re seeking is available at renowned MFI Advans Ghana.

What will your role be?

The following goals will be reported by the head of an internal audit to the audit committee and group audit:

• By implementing a methodical, disciplined approach to assess and enhance the performance of risk management, control, and governance systems, you may assist Advans in achieving its goals.
• To assess the efficacy of Advans’ internal control and risk management systems, conduct an independent evaluation of all of its operations.

MAIN RESPONSIBILITIES

GENERAL

• Handle internal audit activities well to make sure they benefit the Advans institution, especially audit assignments.
• oversees the internal audit team continuously and makes sure that resources are used appropriately, sufficiently, and effectively to carry out the authorized plan.
• Provides pertinent and sufficient audit recommendations, analyses, and findings that will help all Advans activities and entities improve their operational processing quality and their internal control and risk management systems.
• makes ensuring that all audit operations are carried out in compliance with the International Standards for the Professional Practice of Internal Auditing as well as good internal auditing concepts, practices, and standards provided by Advans Group Audit (IIA)

SYSTEMATIC AUDIT MISSIONS

• establishes the audit strategy for the mission by starting and directing the planning stage of each audit assignment in accordance with the preliminary risk assessment methodology.
• Validates the audit program, relevant audit methods, associated budget, and allocation of audit resources for each assignment.
• Analyzes the audit assignment’s findings and draw conclusions on the viability and effectiveness of the mission-relevant internal control and risk management system.
• Prepares timely audit mission reports, obtaining management input before submitting them to the auditee’s immediate supervisor, general management, and the audit committee.
• Ensures that each audit mission’s audit folder is complete, well documented, and stored in compliance with our audit requirements.

PLANNED AUDIT MISSIONS

• sets priorities for each audit assignment and develops an annual audit plan using our risk-based approach methodology.
• Organizes operations related to permanent control, risk, and compliance within the Advans institution.
• makes decisions about the deployment of unannounced or flash audit flights and oversees the task
• checks on the status of the audit plan’s implementation, foresees future delays, suggests corrective actions for group audit
• monitors the status and expenditure of each audit assignment, foresees probable delays in the execution of the mission, and verifies the corrective actions suggested by the mission head.
• monitors the status of the execution of internal audit recommendations and, where necessary, recommendations from regulators or external auditors at least once every quarter.

OTHER & UNPLANNED ASSIGNMENTS

• Supports the Advans institution’s anti-fraud programs, especially in relation to general management, examines reported suspicious fraud instances, and determines whether more investigations are necessary.
• carries out and oversees special audit missions as directed by the Audit Committee or general management
• Inform the Audit Committee of any extremely significant facts regarding General Management that could endanger Advans’ ability to continue operating, if necessary.
• Assists in reviewing new or revised processes before they are put into use, when judged appropriate, to identify any potential flaws in the internal control and risk management system.
• Participates in working sessions on the ongoing “risk assessment” process and the revision of the Risks & Controls Matrix as considered essential.
• Proposes updating/improving the internal audit methodology and the related processes, procedures, and working tools in connection with the Advans group audit. updates them as necessary
• where necessary, conducts research on novel or complex topics to support auditing tasks (e.g. Basel III, market risk, financial instruments, etc.)

REPORTING

• Prepares quarterly audit reports and other reports as necessary for submission to the Audit Committee and general management under the direction of the Advans group audit.
• anticipates the Audit Committee meetings, suggests the agenda and creates the audit presentation materials for the Audit Committee
• showing the audit highlights, along with other pertinent analysis and key points, during the Audit Committee sessions.
• keeps lines of communication open with the Audit Committee, group audit, and general management.

STAFF MANAGEMENT

• plans, coordinates, and keeps track of all of the department’s internal auditors’ actions.
• chooses and interviews candidates for departmental internal audit roles and verifies hires in coordination with the HR department (and group audit, according to the positions recruited)
• provide the internal audit team with the necessary instruction, direction, and coaching to carry out their responsibilities, particularly during audit missions, in order to assist them to advance their skills and knowledge
• Gives informal feedback on how internal auditors have performed overall on audit assignments.
• offers internal promotions and pay raises to group audit and general management for internal auditors who are judged qualified.
• proposes to assess the internal audit department’s staffing and resources (in terms of quantity and the suitability of current auditor positions)

Required Skills or Experience

• A bachelor’s degree at the very least with ACCA/ICA.
• An MBA would be beneficial.
• Minimum of five (5) years of auditing experience, with at least two (2) of those years spent in a supervisory capacity.
• Experience managing audit missions for at least two years would be advantageous.
• Ability to continue working alone.

How to Apply for this Advans Latest Employment Opportunity

Click here to apply

Closing Date: 17th March 2023

Also, For more Job Opportunities CLICK HERE

RECOMMENDED

• Firstly, Totalenergies Marketing Ghana Job Opportunities
• Secondly, RecTrain Services Limited Invites Job Applications
• Thirdly, Exciting Career Opportunity at World Vision
• Moreover, Food and Agriculture Organization Latest Job Postings
• Additionally, Job Vacancy at JSI Research & Training Institute
• Then, Job Opportunity at AutoShack Ghana
• Also, Catholic Relief Services Latest Job Posting
• More so, Employment Advertisement at Glovo
• Afterwards, Job Vacancies are Available at The Haven Hotel
• Finally, Beacon International School Job