Head of Internal Control Unit

“FINCA Impact Finance” is one of the leading global microfinance networks providing financial services for more than one million clients through subsidiaries in 18 countries in Africa, Eurasia, Latin America and the Middle East, including Azerbaijan.

Currently, “FINCA Azerbaijan” Non-Bank Credit Organization is looking for Head of Internal Control Unit.

“FINCA Azerbaijan” offers a competitive compensation package, a wide range of job opportunities and a professional work environment in the field of financial services.

The Head of Internal Control Unit will assist the Risk Manager and subsidiary management to create and maintain an internal control environment that supports FINCA Azerbaijan (FAZ) in pursuing its mission with a minimum risk and maximum efficiency. 

ESSENTIAL DUTIES include the following.

• Develop and implement annual Internal Control Plan using risk-based approach;
• Conduct and/or supervise planned and unplanned inspections to reveal any procedure or regulatory violations, as well as operational deficiencies, fraud suspicions etc.;
• Analyze inherent and residual fraud risks in business processes and develop Fraud Risk Matrix;
• Conduct and/or supervise fraud investigations and prepare fraud investigation reports;
• Organize and lead Anti-Fraud Committee meetings and prepare minutes of the meeting;
• Monitor implementation of action plans from planned and unplanned inspections;
• Develop and implement internal control tools and analytics, to enhance identification of suspicious activity and transactions, and to support risk-based inspection planning;
• Provide operational risk expertise and guidance to Risk Manager and Senior Management, including recommendations on internal controls, org. structure, process flows, operational procedures etc.
• Regularly review existing Internal Control policies, procedures, guidelines to ensure relevance to current business processes and compliance with regulatory and FIF requirements, as well as industry best practices;
• Provide fraud awareness training to FAZ staff;
• Review loans proposed to be written-off and present summary reports to Risk Manager;
• Assess the training requirements for the Internal Control staff and develop a capacity building plan;
• Manage performance evaluations for Internal Control staff in a timely manner according to established procedures;
• Create and maintain positive working environment to the highest ethical level; promote mutual respect, understanding, trust and cooperation among all team members;
• Advocate and commit to ongoing training and development to foster a learning culture.

QUALIFICATIONS:

• In-depth knowledge of NBCO operations and internal control best practices;
• CFE, CIA or other equivalent certifications are preferred.

Education & Experience:       

• Bachelor Degree in Audit, Economics, Business, Finance, Management, Law or related education (master degree is preferred);
• Minimum 5 years of experience in Internal Control, Internal Audit, Operational Risk Management fields;
• Minimum 1 year of experience in a managerial role prior to assuming this position.

Language Skills:

• Fluency in English and Azerbaijani is mandatory.

Computer Skills:    

• Strong knowledge of MS Office tools.

COMPETENCIES:

• Strong interpersonal, communication and training skills.
• Strong business management and negotiating skills.
• Strong policy/procedure and report writing skills in both English and Azerbaijani.
• Strong analytical and organizational skills.