Internal Audit Department Manager

Deadline: 13 October 2017

Employment term: Permanent

Category: Audit

Job type: Full time

Location: Yerevan

Job description:

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 Internal Audit Manager will design, build and implement audit plans based on risks and will supervise the monitoring, review and capacity building processes of the Internal Audit Department in accordance with the FINCA Impact Finance Corporate Audit Directives and International Standards on Auditing. The Internal Audit Manager reports to the FINCA Impact Finance Regional Corporate Audit Manager (RCAM) who reports to the Global Chief Auditor in Washington, DC Headquarters.
The Internal Audit Manager will perform professional internal auditing work which involves managing or conducting performance, operational, financial, IT and compliance audit assignments in the affiliate, and the Region; in coordination with the RCAM and other Internal Audit Manager of the regions, he/ she will ensure that the subsidiary's audit plan is executed; he/ she will provide consulting services to the subsidiary's management and staff. He/ she provides input to development of the annual internal audit plan, all with emphasis on a risk-based approach designed to assist management in the attainment of their objectives. He/ she provides supervision to 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 International Standards for the Professional Practice of Internal Auditing (Standards).

Job responsibilities:

Internal Audit Engagement Planning, Execution and Supervision

•Oversee the execution of the Internal Audit plan for FINCA Armenia: ensure that planned audits are completed when expected. Anticipate planning issues and be proactive in resolving planning conflicts, delays or ad hoc requests in coordination with the RCAM.
•Pan the assignment, develop the audit procedures/program, including identifying and defining issues, developing criteria, developing the internal audit planning memo and obtaining management approval.
•Assign tasks to internal auditors participating to the engagement and monitoring completion of the task.
•Supervise the audit staff during the engagement when necessary in conducting interviews, reviewing documents, developing and administering surveys, composing summary memos, and preparing
•Supervise the audit engagement team members in the identification, development, and documentation of audit issues and recommendations for improvement.
•Review and analyse evidence, review working papers to ensure completeness, accuracy and validity of audit findings and recommendations.
•Prepare the draft audit report and obtain all necessary approval and clearance before issuing the final report and issue the final report promptly.
•Ensure the engagement audit file is complete and in compliance with the Internal Audit operating policies.
•Participate to audit engagement under the supervision of another manager: collaborate and contribute to the effective realization of the audit assignment.


•To be responsible for the overall and on-going communication with the Audit Committee and the management of FINCA Armenia, regardless of who is conducting the audit assignments for the company.
•Communicate 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 company management and audit committee.
•Develop ad hoc and creative communication with management in order to support 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.
•Develop and maintain productive team-oriented client, 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 to on-going networking with the other internal auditors in the regions and across the network.


•Assist Deputy Global Chief Auditor or the Global Chief Auditor in managing internal audit staff and in the planning, organizing, directing, and monitoring of internal audit operations, including assisting in hiring, training, and evaluating staff, and taking effective actions to address performance matters.
•Assist in the identification and evaluation of the organization’s audit risk areas and provide input to the development of a risk-based annual internal audit plan.

Other Projects

•Participate to projects for the internal audit group globally as assigned by the Deputy Global Chief Auditor or the Global Chief Auditor.
•Represent internal auditing on organizational project teams, at management and board meetings, and with external organizations.
•Pursue professional development opportunities, including external and internal training and professional association memberships, and share information gained with co-workers.

Required qualifications:

•4 years of professional experience and 3 years of full-time experience in internal auditing, operations, accounting, business analysis, or program evaluation, including 2 years supervisory or project management experience.
•Experience in Microfinance operations, or Banking or auditing in a supervising capacity.
•Bachelor’s degree from an accredited college or university required.
•CIA and/or CFE certification highly desired. (If not CIA or CFE, the candidate must be willing to become certified.)
•A second certification/degree in a specialty field (e.g., IT, IT auditing, Fraud or fraud auditing, HR, Legal, Accounting, Microfinance or Banking). This may substitute for one year of required experience.
•Knowledge of control and risk self-assessment facilitation techniques.
•Knowledge of the environment regulations, and laws.
•Familiarity with the common indicators of fraud.
•Knowledge of and skill in applying internal auditing principles and practices, and management principles and preferred business practices.
•Knowledge of contemporary risk management and control techniques and working knowledge of contemporary control frameworks.
•Knowledge of management information systems terminology, concepts, and practices, including but not limited to applicable reporting, disclosure, financial reporting and accounting principles and practices.
•Knowledge of management information systems terminology, concepts, and practices, including but not limited to applicable reporting, disclosure, financial reporting and accounting principles and practices.
•Computer skills, including word processing, spreadsheet, systems documentation, or eventually audit packages, and other business software to prepare work papers, reports, memos, summaries, and analyses.
•Skill in collecting and analysing data, evaluating information and systems, and drawing logical conclusions.
•Effective verbal and written communications in Armenian, English and Russian languages, including active listening skills and skill in presenting findings and recommendations for improvement.
•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.
•Ability to establish and maintain harmonious working relationships with customers, co-workers, staff, and external contacts, and work effectively in a professional team environment.

You can apply for this job just by following Application procedure.

Application procedures:

If you meet the requirements above and are interested in the position announced, please create account at: , then upload your CV and fill the required information in the field. If you meet some difficulties during application process please feel free to contact by phone at: (+374) 95953918.  
 Please clearly mention in your application letter that you learned of this job opportunity on and get a nice surprise from team on your first day at work.

Company details

Industry: Finance/Banking/Insurance

Number of employees: more than 200

Contact details


Phone: (010) 545-531

Address: , Armenia

Find FINCA UCO CJSC on social media