Internal Auditor at World Bicycle Relief

About Us

World Bicycle Relief mobilizes communities in rural regions around the world to thrive with life-changing bicycles. We partner with communities to expand access to education, markets, healthcare and other essential services. With our purpose-designed Buffalo Bicycles, individuals in low-income regions are a force for change, unlocking pathways to new opportunities for themselves, their families and entire communities.

We are a mission-driven, global non-profit social enterprise that manages a highly refined bicycle supply chain from design through final distribution. World Bicycle Relief uses an innovative business model to create sustainable bicycle ecosystems. Through World Bicycle Relief's 501(c)3, we provide transport solutions to those who cannot afford them, and through Buffalo Bicycle Ltd, we sell the rugged Buffalo Bicycle and spare parts. Buffalo Bicycle Ltd also offers users repair and maintenance services via a retail network of shops and local mechanics. World Bicycle Relief has distributed over 900,000 fit-for-purpose bicycles and trained 4,000+ community-based mechanics. Girls with Buffalo Bicycles are 19% less likely to drop out of school; business owners see 53% more revenue; and health workers serve 63% more households.

Purpose of the Job 

The Internal Auditor supports the Head of Risk & Compliance in providing independent objective assurance, undertaking audits of organization’s systems against applicable legislations, regulations, organization policies and procedures. He/she will assist in investigation of significant suspected fraudulent activities within the organization as well as providing feedback on reviews conducted and follow up on implementation of previous reviews.

Travel Required (60% travel required)

The Internal Auditor is expected to uphold BBL’s values of integrity, accountability, collaboration, and continuous improvement and demonstrate commitment to ethical conduct, transparency, and operational excellence.

1.Risk Evaluation

Key activities:

• Evaluate the organization's risk management processes and assess whether risks are properly identified, assessed, and mitigated. This includes the quarterly follow up with the country management team to ensure the risk registers are up to date and mitigation measures are implemented
• Highlight internal and external factors that may introduce new risks to the organization and advise management on them.
• Use risk assessments to shape the internal audit plan and processes, maintaining focus on high-risk areas

Extent/limit of Discretion:

In consultation with the Risk & Compliance – Team Lead

2.Compliance

Key activities:

• Review adherence to statutory regulations, internal policies and donor agreements
• Highlight and document statutory changes to be reviewed under compliance testing.
• Evaluate whether policies are up to date and aligned with regulatory expectations. Providing input on improving policies to meet best practice and regulatory developments.
• Report non-compliance issues to management and recommend corrective action
• Perform regular shop reviews ensuring 100% coverage within an audit plan period.
  
  

Extent/limit of Discretion:

In liaison with the Risk & Compliance – Team Lead

3.Invesigations

Key activities:

• Support investigations into suspected fraud, misuse of resources, ethical breaches or as outcome of the whistleblower reports, conducting in-depth reviews where irregularities are suspected
• Collect and preserve documentation and evidence to support investigations
• Document findings in a clear, factual, and comprehensive manner.
• Track and follow up on the implementation of agreed audit recommendations, ensuring timely closure.

Extent/limit of Discretion:

In liaison with the Risk & Compliance – Team Lead

4.Audit and Assurance

Key activities:

• Review and assess financial, operational, and programmatic activities across departments and country offices.
• Develop engagement work plans and audit programs for each assignment and submit for approval prior to commencement of work.
• Perform detailed testing of transactions, records and processes to ensure accuracy, efficiency and compliance with BBL policies
• Maintain detailed and accurate working papers to support audit conclusions.
• Prepare clear, balanced reports that provide assurance to senior management and the board.
• Monitor and follow up on the implementation of audit recommendations to ensure issues are resolved.
• Assist in coordinating external audits and ensuring readiness for such reviews.

Extent/limit of Discretion:

In liaison with the Risk & Compliance – Team Lead

5.Internal Audit (Shops)

Key activities:

• Inspect and verify shop records, sales proceeds and cash management for completeness and accuracy.
• Establish and update internal controls over various areas of operation where loopholes are noted, to prevent loss through fraud or theft

Extent/limit of Discretion:

For approval by the Risk & Compliance – Team Lead

6.External Audit preparation

Key activities:

Assist the Financial controllers in updating and maintaining the external audit preparation files

Extent/limit of Discretion:

Makes final decision

7.Internal Audit

Key activities:

Perform regular cash audits of the cash custodian floats

Extent/limit of Discretion:

Makes final decision

List of internal contacts that this position interacts with

Internal Contact                                                 Areas Of Interaction

• Risk & Compliance – Team Lead       Direct report/daily interaction
• Country Directors/COOs                   Communication of findings and understanding of operations
• Financial Controller's                         External audit preparation and verification of internal controls in place.
  

Top 4 Decisions made by this position

• Develop the in-country audit engagement workplan for the areas of review
• Periodic update of the risk register (risk rating and follow-up on mitigation measures)
• Issues to be included in the report as captured in working papers
• Determine red flags for further follow up or investigation as identified in reviews

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