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Head of Internal Audit

Status: Open until filled, but recommended to apply before January 23, 2023
Department: Internal Audit
Duty station: Bishkek, Kyrgyz Republic

Summary of Position and Key Responsibilities

The University of Central Asia is seeking a Head of Internal Audit who will lead the Internal Audit Department. The Head of Internal Audit reports functionally to the Chair, Audit & Risk Committee and administratively to the Rector.

Key functions will include planning and undertaking financial and risk audits in all areas/facets of UCA’s operations. Deliverables include timely audit reports incorporating findings that identify potential risks and opportunities for improvement and make recommendations to ensure appropriate and adequate operation of the organizational processes, controls, construction projects, governance, and compliance with all relevant internal policies/procedures as well as external statutory and international requirements.

Understand and appreciate the sensitivity and confidentiality of information pertaining to UCA and individuals, and exercise the utmost integrity, caution, and sense of responsibility with respect to handling the information during the course of conducting audits and otherwise.

Demonstrate the highest level of professionalism, observe the professional code of ethics of the Institute of Internal Auditors (IIA) and follow the established standards of internal audit in the performance of duties.

The position will be based in Bishkek, Kyrgyz Republic. The Head of Internal Audit must be willing to travel or stay in any part of the UCA’s operating jurisdiction as may be required.

Main Duties and Responsibilities

  • Facilitate the annual enterprise risk assessment and develop a risk based annual audit plan in consultation with Management and the Audit & Risk Committee of the Board of Trustees.
  • Undertake an independent assessment of UCA’s strategic and operational plans including analysis of risk management, governance, compliance (internal/external), adequacy of internal controls, and appropriateness of UCA’s 
    plans and supporting procedures with a view to minimizing risk exposure.
  • Undertake internal audits as per the approved annual risk-based audit plan at all UCA operational locations and develop/maintain appropriate working papers.
  • Identify opportunities and make recommendations for management that support the achievement of academic and operational plans, to increase effectiveness, and improve cost rationalization.
  • Follow-up on implementation of agreed upon audit recommendations and corrective actions.
  • Conduct special studies/investigations as requested by Senior Management or the Audit & Risk Committee.
  • Prepare relevant reporting on all audit activities for discussion with the Audit and Risk Committee. The report shall include the actions agreed upon by Management, on all audits (internal and external), as well as the status of corrective action.
  • Keep technical knowledge up-to-date and ensure adherence to the standards of best professional practice issued by the Institute of Internal Auditors and other such professional bodies.
  • Disseminate knowledge/provide training to UCA staff at Head Office and campuses on self-assessment techniques, and the importance and relevance of maintaining adequate operational processes and controls.
  • Coach and mentor internal audit staff.
  • Provide an annual opinion on internal controls to the Audit & Risk Committee.
  • Any other assignment or task assigned by Senior Management or the Audit & Risk Committee.

Required Qualifications and Experience

Academic and Professional Qualification 

  • Recognized professional accounting designation such as Chartered Accountant (CA), Certified Public Accountant (CPA), Certified General Accountant (CGA), or Certified Management Accountant (CMA) with 10 to 15 years post-qualification experience.
  • Minimum of 5 years of experience in Internal Audit at senior level.
  • Additional professional certification such as Certified Internal Auditor (CIA) or Certified Information Systems Auditor (CISA) will be an added advantage.

Knowledge and Competencies

  • Outstanding English language communication skills and interpersonal skills.
  • Excellent computing skills and familiarity with computer-based audit techniques.
  • Ability to work independently and as a team member.
  • Effective management and leadership skills. Ability to work under pressure, multi- task and adhere to timelines.
  • Communicate effectively with Management and the Audit & Risk Committee.
  • Apply critical thinking and sound reasoning to the required work.
  • Ability to work in a variety of different cultural settings with culturally diverse groups.
  • Stay up to date with the latest development in the field of Internal Audit.
  • Understanding of a University’s functioning and operations.
  • Experience working internationally would be preferred
  • Proficiency in Central Asian languages, particularly Russian, will be an added advantage.

Candidates from the founding countries of UCA: Kyrgyzstan, Tajikistan, and Kazakhstan are encouraged to apply for the position.

Submission instructions

For further details and to apply please follow the link - www.the.akdn/careers/2046348 

Only shortlisted candidates will be contacted.