Terms of Reference :
Performing Due Diligence on the Young Africa International (YAI) potential partners in Nigeria.
Young Africa is a federation of independently and locally registered affiliated organisations operating in 5 countries of Southern Africa and expanding to Nigeria in 2024. Our mission is to empower disadvantaged young people through a comprehensive and holistic approach, including imparting skills for employability and entrepreneurship.
Objective :To assess potential partners and ensure that they have :
Proper internal controls in place to mitigate against fraud and error and assess the strengths of such controls.Financial and administrative policies and procedures and those meet the generally acceptable standards and are adhered to, including procurement and human resources procedures,Governance, risk and compliance policies in place including, but not limited to :enterprise risk management
governance & regulatoryinternal auditintegrity, child protection and safeguarding.A demonstrated commitment to ethical practices and transparency,Annual audited accounts (audited by reputable audit firms).Scope :The scope of this assessment includes :
The overall readiness of the prospective partner for the collaboration.Physical inspection and verification of critical documents, ensuring that these documents are plausible and are operational.Identifying gaps in the processes that may impede cooperation.Conducting third party verifications.Evaluating the potential partner’s reputation, past performance, and any history of involvement in corruption or unethical practices.Methodology :Visiting prospective partners and conducting assessments, reviewing critical documents for adequacy, and physical verification of the existence and documents and implementation of the policies and procedures.Engaging with stakeholders, including staff, beneficiaries, and local communities, to gather insights on the potential partner’s operations and reputation.Conducting background checks on key personnel to ensure they have no history of involvement in corrupt practices.Deliverables :The consultant will deliver the following :
To submit to Young Africa International a report of factual findings about the procedures performed highlighting strengths and detailing significant deficiencies and material weaknesses in the systems.An assessment of each prospective partner’s integrity, ethical practices, and risk exposure.Recommendations that will enable Young Africa International to select suitable partners. The recommendations should clearly state the following, among others :Whether the partner is completely suitable, or not.
If there are gaps identified – recommendations on whether these can be addressed by capacity building.The best models of engagement that can work for the specific partner, based on the assessment.Skills and Requirements :The consultant should possess the following skills and qualifications :
Expertise in governance, risk management, and compliance.Strong background in conducting due diligence, particularly in high-risk environments.Ability to identify and evaluate internal controls and their effectiveness.Experience in financial and administrative policy analysis.Proficiency in conducting third-party verifications and background checks.Excellent communication and report-writing skills.Cultural sensitivityand the ability to work with diverse communities.7. Education and Qualifications :
Key team member(s) should have :
A master’s degree in a relevant field such as finance, business administration, or international development.A minimum of 7 years of experience in due diligence, advisory services, auditing, or compliance roles.Experience working with international organizations, NGOs, or government agencies.8. Additional Requirements :
Ability to work independently and collaboratively as part of a team.Strong attention to detail and organizational skills.Ability to meet deadlines and work under pressure.Strong ethical standards and a commitment to integrity and transparency.Duration :
The estimated duration of the consultancy is 30 working days.Consultancy Fee :
Eligible candidates should provide a detailed budget for the specified work.Application Deadline :
Application Deadline :
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