Member of Audit Committee

About FMFB-A:

As a background, FMFB-A started its operation in 2004 and is part of the Aga Khan Agency for Microfinance (AKAM), which has financial institutions operating in different countries throughout the world. It is affiliated with the Aga Khan Development Network (AKDN), a group of development agencies working in health, education, culture and rural economic development.

Job Summary:

We are seeking motivated and experienced professionals to join our Audit Committee, an independent body reporting directly to the Board of Supervisors. This key committee oversees the audit and examination functions conducted by the bank’s Internal Auditors and regulators, ensuring adherence to the highest standards of accountability and financial integrity.

Job Details:

Duties:

• Participate in quarterly meetings to review and evaluate comprehensive Internal Audit Reports submitted by the Chief Internal Auditor, review and approve the bank financial statements presented by the Chief Finance Officer and External Auditor.
• Participate any other ad-hoc meetings that is called by the Chairman of BoS or Chairman of AC.
• Ensure the audit and examination functions are aligned with the bank’s operational goals and regulatory requirements.
• Provide objective assessments of the bank’s risks, control environment, and compliance framework.
• Recommend improvements to enhance operational efficiency, risk management, and internal controls.
• Collaborate with other committee members and act cohesively to provide sound advice and actionable insights to the Board of Supervisors.
• Assist in overseeing the selection, performance, and effectiveness of the Chief Internal Auditor and the internal audit team.
• Ensure that corrective actions are implemented promptly, following recommendations from audit reviews and regulatory findings.
• Perform other tasks related to the above as determined by the Audit Committee of the Board of Supervisors.

Job Specification:

Education:

• At least bachelor’s degree in one of the following fields: Economics, Finance, Accounting, Business Administration, Law or membership of ACCA.

Certifications:

• Possession of CIA or any other certified internal auditor is mandatory.
• CSAA certification from the AAOIFI is an added plus.  

Professional Experience:

• A minimum of five years of managerial experience in the audit sector of banking or seven years of managerial experience in the audit field of any financial institution.

Submission Guideline:

If you meet the above requirements, we are encouraging you to apply for this position. Please send us your CV along with a cover letter via email at executive.vacancy@fmfb.com.af  and cc info.bsd@dab.gov.af

Please make sure that your email includes the vacancy ID as the subject line