The Global Fund to Fight Aids, Tuberculosis and Malaria
Mouhamadou Diagne (MBA, CPA, CIA, CGMA) is the Inspector General of the Global Fund to Fight Aids, Tuberculosis and Malaria, one of the world’s largest international health financing mechanisms with annual grants of approximately four billion dollars to over 100 countries. The Office of the Inspector General (OIG) is an integral part of the Global Fund, yet an independent function that includes both Audit and Investigation divisions. As Inspector General, reporting directly to the Board of the Global Fund, Mouhamadou is responsible for providing leadership and oversight of the OIG, managing strategic relationships with the Secretariat, the Board and other key stakeholders, promoting best practices in risk management and internal controls. Prior to the Global Fund, Mouhamadou was Director of Strategy & Operations in the World Bank’s Internal Audit Vice Presidency, developing and implementing Internal Audit’s strategic vision and overseeing all delivery teams within the Bank’s Internal Audit group.
Mouhamadou has nearly 25 years of experience in Accounting and Auditing. Prior to joining the World Bank in 2010, he was Director of Internal Audit for seven years at Fannie Mae, one of the largest financial institutions in the US and the largest provider of mortgage financing in North America. In that capacity, he had oversight over the review and monitoring of the company’s internal controls and key processes related to operations, finance, accounting and reporting, and regulatory compliance. Before joining Fannie Mae, Mouhamadou was Senior Manager in the Financial Services practice of Arthur Andersen. In that capacity, he supervised the external audits of a broad range of financial services clients, including large multilateral institutions such as the InterAmerican Development Bank.
Thursday, 19th -14:20 to 15:10 p.m.
Concurrent session 2.3 - Adapting internal audit to a maturing risk landscape
As a result of either regulatory pressures or heightened stakeholder expectations, organizations have increasingly invested in strengthening risk management frameworks and risk oversight. This session will explore this evolving risk management landscape and its potential implications for the modern audit function. Key areas of focus:
• Evolving stakeholder expectations;
• Aligning expectations through organizational risk appetite framework
• Challenges in operationalizing and embedding risk appetite in business practices:
- Operational challenges
- Cultural maturity
- Governance quality
• Implications for key aspects of internal audit activity, including: risk assessment, audit scoping, issue evaluation, scope and timing of remediation, etc.
• Focus on risk management vs. drive for business results: false dichotomy?
The session will leverage the presenter’s own organizational experience to highlight some of these challenges. The session will, however, seek to encourage the exchange of experiences across participants based on different organizational journeys through risk maturation.