Head of Internal Audit and Compliance Unit

SMEPS Logo
Finance/Accounting
Posted on 09 Jan, 2022
Closing on 29 Jan, 2022

Job Description

ABOUT SMEPS:

(SMEPS) The Small and Micro Enterprises Promotion Services Agency is a subsidiary of the Social Fund for Development (SFD) and it was established in 2006.

SMEPS scope of work is in 3 main components, Business Development, Value Chain Analysis, and Entrepreneurship. Providing non-financial facilities and small business development services through innovative and creative projects that help the growth of the activities in this sector.

SMEPS main office is in Sanaa with two other branches in (Aden - Al Mukalla), 

This position is entitled for executing the project's objectives and support in monitoring the project's activities.

Responsibilities

  • Manage and lead internal operational audits and grants/ fund audits and compliance.  
  • Work with different departments and branches to assist in evaluating systemic functional and operational compliance with internal policies and procedures and design affirmative remediation plans to address issues identified, including revision of policies and procedures and provide training as necessary to staff.
  • Perform full audit cycle including risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable regulations.
  • Recommend and implement changes to address procedures and practices that are not compliant with the agency regulations.
  • Analyze potential risks within the agency and its practices to avoid possible compliance issues.
  • Track reported agency violations and the responses and plans regarding these allegations.
  • Analyze existing compliance records and making all necessary updates.
  • Compile reports on the results of external and internal audits, present these reports to the executive director, senior management and recommend corrective and improvement measures.
  • Maintain knowledge of current accounting, auditing, regulatory, general business and best practices.
  • Work on understanding agency’s donor and partner requirements, regulations and terms of agreements and ensure activities under signed agreements are complied with.
  • Determining internal audit & compliance scope and developing annual plans
  • Obtaining, analyzing and evaluating accounting & financial documentation, reports, data, flowcharts etc.
  • Act as an objective source of independent advice to ensure validity, legality and goal achievement
  • Identify loopholes and recommend risk aversion measures and cost savings
  • Maintain open communication with senior management and branch managers on improvements and best practices.
  • Conduct follow up audits to monitor management’s interventions
  • Engage to continuous knowledge development regarding sector’s rules, regulations, best practices, tools, techniques and performance standards
  • Positively motivate and develop staff, promote a positive work environment while keeping assigned projects on target.

Requirements

  • Bachelor’s degree in Accounting, Finance, and/or other related Business field or equivalent years of experience.
  • 5+ years of experience of auditing experience.
  • Completion of relevant industry-specific certification, such as a certified internal auditor.
  • An in-depth understanding of the industry's rules, guidelines, and regulations.
  • Strong attention to detail, analytical, and statistical skills
  • Ability to lead a dynamic team. 
  • Ability to use sound judgment including maintaining confidentiality.
  • Good computer skills and experience with relevant software programs.
  • Ability to communicate effectively, orally and in writing
  • Dedication to objectivity.

Important Notes / مقترحات هامة

Following the instructions on How to apply will always increase your chances of getting your application looked at.
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