Chief Internal Auditor

Location of Job: 
Kabul, Afghanistan
08 Jul 2019
21 Jul 2019
About the organization: 

Founded in 2004, The First Microfinance Bank – Afghanistan (FMFB-A) is part of the Aga Khan Agency for Microfinance (AKAM), which has programs in over 10 countries throughout the developing world. FMFB-A’s vision is to be recognized as the leading microfinance services provider contributing to poverty alleviation and economic development through the provision of sustainable financial services primarily targeting micro/small businesses and households. The bank provides credit and deposit products to a wide range of clients including micro, small and medium enterprises along with commercial banking and international remittance services.

About the Job: 

The position is responsible for management and direction of activities of Internal Audit Department and work closely with all departments at all levels within the entity and with outside agencies, as required. Independent from the management, the position is responsible to monitor compliance with the bank and the supervisory board’s policies and with the prevailing laws and regulations along with monitoring of management’s efforts to correct deficiencies discovered in an internal/external audit or a supervisory examination.

The Chief Internal Auditor is also expected to play an advisory role and to assist various departments by assisting them in operational risks management and internal control organization, making recommendations to reinforce the efficiency and effectiveness of the operations and utilization of resources, and following the subsequent implementation of these recommendations to promote continuous improvement.

Tasks and Responsibilities:

  • Plan and organize the activities of the Internal Audit Department that include:
    • Preparing an annual audit plan that fulfils the responsibility of the department under internal audit charter and terms of reference for audit committee as approved by the Board of Supervisors. Annual review of the risk exposure – both entity wide and at the departmental/branch level. Schedules and assigns work to meet completion dates.
    • Preparing Internal Audit Department budget, expenditures and human resource needs.
  • Ensure maintenance of high departmental standards and quality of audit projects.
  • Sign-off on all audit report(s) to be submitted to the Audit Committee to assure full and complete reporting in a professional manner.
  • Meet with the Audit Committee as per schedule and presents findings and recommendations concerning audited activities to the Audit Committee. Performs other duties as may be requested by the Audit Committee.
  • Ensure compliance on the established policies & procedures and regulations based on the risks involved therein.
  • Ascertain the extent to which the Bank’s assets are safeguarded and deployed gainfully.
  • Evaluate and control environment including soundness of financial and operating controls around various Departments of the Bank and provide recommendations on existing policies and procedures to further strengthen the same through presentation of audit reports.
  • Investigate allegations of fraud, misappropriation, or possible loss to the Bank and suggest corrective and preventive measures to avoid future mishaps.
  • Provide consultation to the line management wherever they seek Internal Audit’s views in resolving complex issues confronted by them.
  • Review new products/services with related policies and procedures and computerized systems being proposed (before signing of to be offered) to the Bank to ensure adequacy of controls therein.
  • Assist the management in maintenance of policies and procedures for various products/processes of the bank.
  • Any other tasks as assigned by the Audit Committee and/or CEO.


  • Master’s in Business Administration with majors in Banking & Finance and/or professional qualification such as CA, ACCA, CIA, CISA.
  • Minimum seven years working experience in related field, of which at least two years in senior managerial position. Previous experience in internal audit is desired. Experience in microfinance/banking would be preferred.
  • Proficient knowledge on computers, specially accounting/audit packages, MS Office.
  • Advanced knowledge of International Standards on Auditing and IFRS along with knowledge of financial institution auditing and financial reporting practices.
  • Knowledge of local banking, corporate and other regulations will be a plus.
  • Strong critical thinking, analytical and communication (verbal and written) skills with ability to encourage discussions.
  • Must be well organized and flexible and having the ability to maintain professional ethics, particularly for confidentiality and conduct responsibilities with professionalism.
  • Must have excellent training, coaching and leadership skills.
  • Ability to work under pressure and difficult conditions.
  • Self-initiative and confident.
  • Willingness to travel.
How to Apply: 

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South Asia