Internal Audit and Risk Consultant at This Ability

Scope of Work
The consultant will undertake the following tasks:

• Conduct quarterly internal audits to assess financial integrity, operational efficiency, and compliance with internal policies and external regulations.
• Evaluate the effectiveness of risk management strategies, including financial, operational, and reputational risks.
• Identify gaps and recommend improvements in internal controls and governance structures.
• Review financial transactions, grant management, procurement, and payroll to detect irregularities.
• Assess compliance with disability inclusion policies and donor requirements.
• Provide quarterly audit reports with actionable recommendations.
• Conduct training sessions for staff on internal controls and risk mitigation strategies.

Deliverables

• Quarterly Internal Audit Reports detailing findings, risks, and recommendations.
• Risk Assessment Reports identifying key organizational risks and mitigation strategies.
• Compliance Review Reports assessing adherence to financial policies, donor requirements, and regulatory frameworks.
• Capacity-building workshops for staff on financial management and risk mitigation.

Duration and Frequency
The consultancy is expected to run for a period of one year, with quarterly audits conducted in March, June, September, and December. The contract may be renewed based on performance and organizational needs.

Reporting and Accountability
The consultant will report to the Managing Trustee and the Board’s Audit and Risk Committee. Regular feedback meetings will be held to track progress and address emerging concerns.

Required Qualifications and Experience

• Professional certification in Accounting, Auditing, or Risk Management (e.g., CPA, ACCA, CIA, CISA).
• At least five years of experience in internal auditing, financial management, or risk assessment, preferably in the nonprofit sector.
• Knowledge of disability-inclusive policies and practices is an added advantage.
• Strong analytical, communication, and report-writing skills.
• Ability to work independently and provide objective, data-driven recommendations.