The Somalia Stability Fund is a multi-donor fund working towards a peaceful, secure, and stable Somalia. It offers Somali stakeholders a source of multi-year funding that can respond to local needs and opportunities. The Stability Fund aims to contribute to enhancing stability in Somalia through the following programmatic outputs:
Fault-lines for political conflict (FGS-FMS, inter & intra state) are identified and appropriately addressed.
Enhanced popular participation in governance, particularly for women and excluded communities
Increased government visibility and community engagement
Reduced community vulnerability to conflict
Purpose
The Risk and Assurance Officer will provide support and oversight through individual investments and across the allocated investment portfolio ensuring that fiduciary risk and due diligence work streams are proactively delivered and managed.
Key Tasks and Responsibilities
Actively undertake SSF fund audits and assurance processes including spot checks, internal and external audits, due diligences and quality checks;
Follow up with investees/grantees on the due diligence and capacity assessment recommendations and ensure they are actioned and appropriately evidenced where necessary;
Carry out trainings and capacity development initiatives to investees/grantees based on the capacity assessment gaps identified from the due diligence and capacity assessment;
Undertake monthly and quarterly review and update of the SSF risk registers and matrix;
Work with the Finance Team in identifying fiduciary risks, impacts and any appropriate mitigation strategies;
Undertake follow-up, management and close of all audit and risk recommendations;
Undertake periodic investment asset verification, update the asset register and lead the asset disposal processes;
Take part in Risk Management Unit team meetings and other meetings as required; and
Undertake any other activities related to the SSF risk assurance as may from time to time be directed by the Risk, Finance and Procurement (FRP) Lead.
Deliverables
Monthly, Quarterly and Annual Risk Assurance Reports
Due diligence and capacity assessment reports
Investment close out reports including asset and inventory disposal reports
Other Deliverables as requested by the Risk, Finance and Procurement (FRP) Lead
Reporting
The Risk and Assurance Officer will report to the Risk and Assurance Manager
Qualifications
Degree in finance, accounting, business administration, economics or related field;
Minimum three years’ experience in the risk assurance, internal audit or related field;
Three years’ experience in Somalia or other fragile country and environment;
Substantive knowledge and prior experience working on DFID and/or other donor funded programmes and projects;
Essential IT skills inclusive of MS Office and demonstrated experience working with spreadsheets e.g. MS Excel; and
Excellent interpersonal skills, especially dealing with people from multi-cultural backgrounds.
