Head of Department Audit, Risk and Compliance

Our purpose – You will be part of the largest skills development fund in Pakistan. PSDF’s purpose is to shape the future and well-being of our poor and vulnerable youth by giving them access to skills training of the highest standard so they can find sustainable employment and income-generating opportunities in Pakistan and beyond.

The impact we have created – PSDF started its operations in the 4 poorest districts of Punjab. Since 2016, the geographical remit has expanded to the entire 36 districts of Punjab. PSDF has trained almost 300,000 underprivileged youth across Punjab, which includes 180,000+ male and 110,000+ female graduates. These graduates have been trained in approximately 250 demand-driven and market relevant trades across 10 sectors.

Diversified and challenging team – At PSDF, our team constantly works in a fast paced and challenging environment and needs someone who can match and deliver at our pace. We are looking for a passionate and innately talented individual who can actively pursue and drive the agenda of PSDF and is always ready to take up new challenges.

To provide an independent and objective assurance to add value and improve the organization’s operations; to help accomplish organizational objectives. Ensure systematic, disciplined approach and to evaluate and improve the effectiveness of risk management, control, and processes compliance including assessment of the adequacy and effectiveness of internal controls as well as related business and financial policies, procedures, and practices.

The assigned responsibilities for this role are carried out WITH the objective to optimally meet organizational audit and compliance requirements, ensure seamless support and continuous improvement WITHIN the limits of established company policies and procedures, departmental goals, directions/guidelines from Board.

The primary job responsibilities for this role will be carried out are:

• Develop and implement annual Internal Audit Plan, with Board Audit Committee (BAC) approval. Assures follow up of audit findings to ensure adequacy and timelines of corrective actions.
• Supervising internal audits, special assignments/investigations and ensuring implementation of compliance frameworks.
• Evaluate the scope of work of external and regulatory auditors to provide optimal audit coverage.
• Coordinate for Enterprise-Wide Risk Assessment with appointed consultant to identify areas of highest priority for audit coverage and risk mitigation.
• Collaborates with relevant stakeholders to provide compliance related advisory for P&D department; Participates in meetings with P&D personnel along with company higher management to provide compliance related consultancy.
• Act as advisor to the CEO, management, and business in improving risk management.

To perform effectively as Head of Department/ Chief Internal Audit, Risk and Compliance, the Key Performance Indicators for this role are:

• Thorough knowledge of accounting standards and practices / taxation laws
• Detailed knowledge of auditing standards and internal audit practices
• Sound knowledge of risk assessment and management
• Understanding of organizational processes and procedures
• Knowledge of PPRA rules
• Candidate is to fulfil ‘fit & proper criteria’ as laid down in PSC (CG) Rules 2013Reviewing & updating Enterprise-Wide Risk Assessment (EWRA) annually
• Developing and maintaining the internal audit plan annually
• 100% compliance with the divisional commitment plan
• 100% accuracy of data
• Ensure 100% compliance with the corporate governance, requirement

Qualification

• Qualified from recognized professional body of Accountants CA/ACMA/ACCA/ICAEW or
• Certified Internal Auditor (CIA); or
• Certified Fraud Examiner (CFE); or
• Certified Internal Control Auditor (CICA); or
• Person holding a Master’s Degree in Finance from a University recognized by the Higher Education Commission.

Experience

• Minimum 10 years of overall audit experience out of which atleast 05 years’ Post Qualification Experience in Internal Audit including risk management, designing internal control procedures and effective compliance of financial reliability
• Minimum 03 years’ experience in similar senior management / leadership role
• Experience and familiarity with public sector organizations and donor funded projects / development projects will be an added advantage.

To perform effectively as Head of Department/ Chief Internal Audit, Risk and Compliance, the functional requirements are:

• Analytical Skills
• Presentation and Reporting Skills
• MS Office Skills
• Attention to details

PSDF has a lot more to offer than a market competitive salary and perks. As a PSDF employee you will get:

• Professional development and career growth opportunities with the largest skills development fund in Pakistan.
• Experience a professional environment that believes in innovative solutions to addressing youth employment and entrepreneurship.
• Opportunity to develop and execute innovative approaches to skills development for Pakistan’s youth.
• Opportunities to interact, learn and develop expertise by actively working on large-scale donor funded projects. PSDF works closely and collaboratively with large international donors and organizations such as World Economic Forum, UNICEF, DFID-UK Aid, ILO, and World Bank as well as with the most influential business leaders of Pakistan through the Parwaaz platform https://parwaaz.com/.
• Opportunity to work as one team with the most talented, dynamic, and seasoned professionals in the Development Sector.
• Experience a progressive, transparent, and fair organizational culture.