Manager Internal Audit

Report to: Head of Internal Audit (HoIA)
Location: Islamabad
Application deadline for the position is August 27, 2023


About Us

Karandaaz (KRN) believes that every Pakistani deserves to be Financially Included and Economically Empowered. Our mission at Karandaaz is to foster economic growth and create jobs through financial inclusion of unbanked individuals and unserved enterprises.

Karandaaz Pakistan is a not-for-profit organization, based out of Islamabad, registered with the Securities and Exchange Commission of Pakistan under Section 42 of the Companies Act 2017. We are supported by Foreign, Commonwealth & Development Office (FCDO) and Bill and Melinda Gates Foundation (BMGF). Karandaaz is governed by an eminent board who set the strategy of the organization and steer it towards achievement of its objectives.

Position Summary

Being a key member of Internal Audit team, the purpose of the role is to execute risk-based internal audits and other tasks per approved annual audit plan, producing reports and recommendations for the management and Board Audit Committee (BAC) of Karandaaz Pakistan (KRN). Thereby, to provide independent, timely and reasonable assurance that internal control systems are functioning adequately and effectively to ensure reliability of financial reporting, compliance with laws, regulations, policies and procedures, and safeguarding of assets.

Job Responsibilities

  • Assist HoIA in establishing the audit universe, conduct risk assessment and prepare annual audit plans.
  • Assist HoIA in implementing and monitoring internal audit policies, procedures and guidelines.
  • Lead and execute internal audit assignments including detailed planning, audit testing, and reporting in accordance with Internal Audit methodology & auditing standards (IPPF).
  • Ensure that internal audit assignments are focused on key risk areas, and are performed efficiently and within time and budgets.
  • Have an eye for identifying high level risks, assess mitigating controls, and report significant findings which could adversely affect the KRN’s assets and/or reputation.
  • Document audit findings and issue drafts audit reports, ensuring that audit issues are communicated.
  • Hold audit-related meetings with management and provide advice & support on appropriateness of management’s corrective action plan (CAP)
  • Manage feedback processes and follow-up of reported audit findings
  • Perform research into new audit techniques and makes recommendations for improvements to IA methodology, reporting etc.
  • Any other tasks assigned Head of Internal Audit i.e., ad-hoc special assignments including investigations, inspections etc.


Education & Experience 

  • Bachelor’s degree in Finance from a university recognized by the Higher Education Commission (HEC).
  • (I) Member of a recognized body of professional accountants or; (II) Certified Internal Auditor (CIA) or; (III) Certified Fraud Examiner (CFE).
  • At least 08 years of professional experience in internal auditing/risk management/compliance functions with minimum 04 years’ experience in core internal or external auditing.
  • Prior experience in planning, managing and supervising audit engagements.
  • Previous experience working in/with a donor-funded organization would be a plus.

Knowledge, Skills & Abilities 

  • Knowledge and experience of auditing financial markets, investment banking or relevant industries would be preferred.
  • Advanced knowledge of international accounting and auditing standards and procedures
  • Strong analytical and critical thinking skills
  • Excellent verbal and written communication skills for effective interactions with auditees, external auditors and regulators.
  • Ability to work under pressure and meet deadlines

Culture and Values at Karandaaz

Karandaaz Culture is guided by our values of Innovation, Collaboration, Accountability, Respect and Equity (ICARE). These values shape our choices on what we do and how we do it, both with colleagues internally and partners externally. We also believe that we are all responsible for creating a great place to work and are constantly looking to hire individuals who bring the same level of passion and commitment to the purpose of the organization.

If you believe in Karandaaz vision and values and feel excited about the work we are offering, please send us your resume for this position to clearly mentioning the position title in the subject line.

Karandaaz is an equal opportunity employer and encourages applications by all population groups 

Copyrights © 2024 Karandaaz Pakistan
Non-profit company registered under Section 42 of the Companies Act, 2017