Grants & Compliance Coordinator

Islamic Relief Bangladesh

 

Islamic Relief Bangladesh

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Summary

• Vacancy: 1
• Location: Dhaka (Baridhara)
• Minimum Salary: Negotiable
• Experience: At least 10 years
• Published: 30 Nov 2024

 

Requirements

Education

• Master of Science (MSc) in Accounting, Master of Business Administration (MBA) in Finance, Master of Business Administration (MBA) in Accounting

Experience

• At least 10 years
• The applicants should have experience in the following business area(s):
  NGO, Development Agency, Audit Firms /Tax Consultant

Additional Requirements

Essential:

• Possession of a postgraduate qualification or professional qualification such as CA, ACCA, CPA, CIMA, etc will be an added advantage.
• Minimum Ten years of experience in the relevant Sector.
• Experience in managing grants/contracts from institutional donors (ECHO, DFID, Global Fund, UN)
• Experience in setting up and managing donor compliance monitoring systems, financial management of grantees, including grantee budgets and audits, grants disbursement, and appropriate deployment of grants
• Strong financial skills encompassing proposal budgeting, income tracking, budget monitoring, and financial reporting.
• Advanced knowledge on Working knowledge of Microsoft Word/ Excel/PowerPoint
• Ability to provide clear guidance on donor policies and procedures to other staff
• Capacity-building experience including training and skills development.
• Ability to work independently, function effectively as a member of a regional team, and adhere to strict deadlines
• Strong interpersonal skills, including written, verbal, and presentation skills

Desirable:

• Experience working in a global team and distance support
• Understanding of partnership approach to international development
• Network and alliance building Research, analytical, and problem-solving skills
• Good communication, facilitation, and report-writing skills
• Strong Coordination, team-building, and motivational skills
• Strong negotiating, strategic thinking, and influencing skills
• Knowledge of development issues, trends, challenges and opportunities, and implications to community development
• Fluency in English
• Self-Development & Adaptive behavioral Skills, Mental Health Stability

Responsibilities & Context

The Grants and Compliance Coordinator plays a crucial role in managing Internal Audit, grants, and contracts effectively. This position ensures that Compliances are adhered to, grant proposals and project implementations meet donor requirements, and that grants are efficiently managed throughout their lifecycle. The G&CC also advises on donor & Organizational compliance, provides grants management support, and ensures timely delivery of grant-related commitments.

Provide Strategic, Technical, and Coordinated support to Grants Management – 15%

• Oversee the management of grants, including donor reporting and supporting business development.
• Ensure accurate and timely grant financial reporting and compliance with donor rules and regulations.
• Develops compliance framework for IR, including compliance checklists for the various business processes, transaction classes, country laws governing NGO operations, specific donor requirements, and an annual customized compliance monitoring plan.
• Periodically reviews and updates the compliance framework and other tools to stay current with IR procedures and policies.
• Tests internal controls to ensure their efficiency and effectiveness, targeting high-risk areas, to identify weaknesses and compliance deviations and their impact, and makes recommendations to CMT to address these weaknesses.
• Develop a plan and evaluation tools, and then carry out independent appraisals and verifications of the effectiveness of IR and donor policies, procedures and standards, and applicable Bangladesh law, by which IR Bangladesh financial resources are managed.
• Conduct thoroughly documented investigations of whistle-blower/CFM cases, and suspected fraud and will directly interface with the internal audit unit on these or other specific cases.

Review & support the production and submission of quality and timely donor financial reports -10%

• Undertake a qualitative review, of financial reports and ensure compliance with guidelines and donors’ requirements, use of proper templates.
• Review all final financial reports for performing fund code reconciliations and recommend to the grant’s unit for project closure.

• Provide regular reports to management on compliance findings and recommendations.

Compliance Oversight & Capacity Building – 10%

• Ensure compliance with donor requirements, including financial, legal, and contractual obligations.
• Monitor daily compliance in financial operations, procurement, administration, logistics, and human resources within Islamic Relief Bangladesh.
• Establish compliance monitoring systems and generate detailed compliance reports.
• Develop compliance manuals and deliver training sessions for staff and partners to strengthen understanding of compliance requirements.

• Build organizational capacity in grants management and donor compliance.

Internal Assessment & Audit – 50%

• Conduct internal audits and assessments to evaluate operational efficiency, financial reliability, and adherence to applicable laws.
• Safeguard assets by ensuring that proper financial controls, guidelines, and procedures are in place and effectively implemented.
• Support external audits of grant-funded projects by ensuring documentation readiness and addressing audit findings.
• Develop and implement a comprehensive internal audit strategy, set internal control mechanisms, risk assessments, and audit methodologies.
• Develop and implement audit plans to evaluate the effectiveness of internal controls, risk management, and governance.
• Collaborate with key stakeholders to establish risk management processes and ensure effective controls are in place to address identified risks.
• Facilitate the External Auditing process for the Organizations (Hiring External Audit, Support & providing an Auditor to review the internal documents, etc) by ensuring impartiality & without involvement & influencing by other parties.
• Develop and implement policies and procedures to enhance internal control systems and ensure adherence to established standards.
• Develop and execute risk-based audit plans to assess the adequacy and effectiveness of internal controls, financial systems, and operational processes.
• Ensure the external audit and the due diligence preparation and follow-up & follow up on recommendations from external auditors to ensure they have been implemented and adhered to.
• Identify opportunities to enhance audit methodologies, tools, and techniques to increase efficiency and effectiveness.
• Support investigations of internal incidences.

  Budget and Financial Monitoring – 5%

• Collaborate with the finance department to monitor Budget versus Actuals (BvAs) and project budgets.

• Ensure financial projections and adjustments align with donor requirements and project goals.

Fraud Risk Mitigation and Response 5%

• Identify, assess, and mitigate risks related to grant implementation and compliance.
• Develop a fraud risk mitigation and response policy.

• Ensure the financial risk assessment is maintained and updated.

Other Requirements -5%

• Willing and able to travel frequently for extended periods and to remote areas of the projects and able to travel frequently for extended periods and to remote areas of projects.
• Ensure the safety of team members from any harm, abuse, neglect, harassment, and exploitation as well as Act as a key source of support, guidance, and expertise on safeguarding for establishing a safe working environment.
• Being a member of Islamic Relief as a child-friendly organization, it is the core responsibility and obligation of each staff member to understand and obey the IR Child Protection & PSEA Policy and respond accordingly as and when required.

Skills & Expertise

Audit

Budget Monitoring

Compliance Management

Donor Compliance

Financial Monitoring

Grants management

Risk Assessment

Compensation & Other Benefits

• Mobile bill, Tour allowance, Medical allowance, Provident fund, Weekly 2 holidays, Gratuity
• Festival Bonus: 1

• Other benefits will be provided as per organizational HR policy.

Workplace

Work at office

Employment Status

Full Time

Job Location

Dhaka (Baridhara)

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