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International Monetary Fund's (IMF) Managing Director, Kristalina Georgieva announced that Nancy Onyango, the Director of the Office of Internal Audit and Inspection (OIA), will conclude her second term on January 29, 2024.
Georgieva expressed her appreciation for Nancy Onyango's dedication and contributions during her six-year tenure, emphasizing the importance of Onyango's role in ensuring transparency and accountability within the Fund. Nancy Onyango was chosen to lead the International Monetary Fund's Office of Internal Audit in February 2018. Nancy created and served as CEO of the Board of Directors governance consulting company Reliance Risk Advisory Solutions before joining the Fund. Throughout her time as Director, the OIA conducted reviews, including a ground-breaking audit of the Fund's Enterprise Risk Management Framework, marking a first in the Fund's history. The recommendations stemming from this audit will pave the way for a standardized integration of risk management across all aspects of the Fund's operations. Under Onyango's leadership, the OIA's support for the Fund's transformative programs, including Readiness Assessments preceding program launches, received high praise from various program steering committees, Fund staff, Management, the External Audit Committee, and the IMF Executive Board. In addition to her professional contributions, Onyango was a vocal advocate for employee work-life balance and mental health and wellness. She played a crucial role in developing the Fund's first mental health strategy in 2022. Furthermore, she mentored many staff members and actively engaged in diversity, equity, and inclusion forums at the Fund, the World Bank, and the IFC. Georgieva highlighted the positive impact of Onyango's open communication and her team's advisory and assurance work, which have facilitated significant changes at the Fund, optimizing the use of limited resources and enhancing program delivery. Prior to her role at the Fund, Onyango accrued 25 years of experience at global multinational audit and advisory firms, including PricewaterhouseCoopers and Ernst and Young, working across the United Kingdom, Europe, and Africa. Her career encompasses a role as a gender leadership specialist, and she remains committed to supporting women in achieving their career aspirations. Onyango sits on the boards of Global Give Back Circle in New York and Fairtrade America in Washington, DC. The IMF will soon commence the search for a successor to lead the OIA following Onyango's departure. (ANI)
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