Micro Finance

**WORLD VISION VIETNAM**

**WVV Micro Finance (MF) Senior Internal Control Officer**
- Work base: Ha Noi Office

For detailed Job advertisement, Job description please find on World Vision Vietnam 's career page:
Micro Finance (MF) Senior Internal Control Officer (wvi.org.vn)

**TERMS OF REFERENCE**

**WORK CONTEXT / BACKGROUND**

Micro Finance Program - World Vision Vietnam (MFU) is an independently managed program that promotes transformational development through the provision of micro financial services. MFU was established in 2006.

The mission of the Micro Finance program is to foster improvement in the quality of life among the clients in Vietnam by assisting the economically active poor and graduating the moderate and poorest of the poor into entrepreneurial skills. This will be accomplished through a sustainable Micro Finance program that provides access to loans, insurance and savings within program areas. All aspects of the services that the Micro Finance program delivers are built to lead the development of appropriate models, capacities and systems for micro enterprise development in Vietnam, resulting in sustainable economic development as part of WVI transformational development ministry throughout Area Program (AP) communities.

MF Program is structured in two management levels: central office in Hanoi and branch office at the provincial and/ or regional level. All direct transactions with clients including clients screening, loan processing and loan repayment collection are carried out at the communities’ level through a network of local staff.

At present, MF Program is operating in 11 districts mainly in the north and central of Vietnam.

**PURPOSE OF POSITION**

The Senior Internal Control Officer leads the Internal Control Unit, which assists the WV Vietnam Micro Finance Program accomplish its objectives and strategies by bringing a systematic, disciplined and risk-based approach to objectively evaluate and improve the risk management, internal control, and governance processes of the entity. The Senior Internal Control Officer provides recommendations on addressing control weaknesses and managing risks raised in audit engagements, and communicates and collaborates with the appropriate stakeholders, including branch personnel and managers, members of MFU’s management, and the Risk and Audit Committee and VFI Regional Management. The Senior Internal Control Officer’s engagements will cover regular branch audits, special investigations on fraud and other irregularities, thematic reviews of key processes and business units at the head office, and evaluation of grants-funded projects. The Senior Internal Control Officer liaises and coordinates with the VFI Regional Audit Manager for Asia (RAM Asia) to align the audit engagements, methodology, practices, and policies of the Internal Control Unit with the VFI network’s global center of internal audit. Given this, the Senior Internal Control Officer supports WV Vietnam Microfinance Program in maintaining high standards of financial and operational stewardship at the level of the branch, head office and support services units, and the national office.

**MAJOR RESPONSIBILITIES**

**1. Time spent 10%**
- **Strategic and Annual Internal Audit Planning**
The SICO spearheads the preparation of the annual audit plan and budget. This includes gathering relevant information The SICO spearheads the preparation of the annual audit plan and budget. This includes gathering relevant information and performing analysis and risk assessment necessary for the prioritization of the auditable branches and units/processes, as well as allocating resources. The SICO consults with the audit clients about the planned pipeline of engagements, consults the Regional Audit Manager for Asia and seeks the approval of the Risk and Audit Committee.
- **Audit Engagement Planning**
The activities in the Audit Engagement Planning Phase may vary with respect to the Regular Branch Audit (RBA), Global Thematic Reviews (GTR), Local Thematic Reviews (LTR) and Special Investigation (SI) of fraud and other irregularities.
The SICO spearheads the planning phase of every engagement, including the performance of walkthrough procedures and analysis of objectives, risks, and controls of the business unit under audit. The SICO ensures the development of applicable audit criteria and appropriate nature, timing and extent of audit procedures, and the preparation of the audit planning memo and the audit work program.

**2. Time spent 65%**
- **Audit Execution and Supervision**
The SICO leads the execution of audit engagements and reviews and supervises the work of the Internal Control Officers. The SICO employs the appropriate audit approach and procedures and ensures adequate documentation of the tests and results. The engagements may include thematic reviews, regular branch audits, special investigations, financial controls audit, information systems audit, process audit, support ser