Opportunity Bank of Malawi , a licensed commercial
microfinance bank in Malawi, is focused on transforming the lives of the
economically marginalised through access to financial services.
Opportunity Bank Malawi is a member of the Opportunity international Network,
an International coalition of Christian organisations committed to serving the
poor.
Opportunity Bank Malawi is seeking an energetic, aggressive and self-motivated
individual to joint its team to work in the position of Chief Audit
Officer
The chief Audit Officer will report to the Chairman, Board Audit Committee
(Dotted lines functionally to Global Head of Audit and CEO)
The Chief Audit Officer is responsible for organising and leading the Internal
Audit Function in Opportunity Bank Malawi. At the highest level, the
Internal Audit function provides independent, objective, reliable, timely
assurance on the effectiveness of governance and internal control systems in
relation to all key risk categories faced by the Bank; and ad hoc consulting
services designed to add value and improve the organisation’s operations
Audit helps the organisations accomplish its objectives by bringing a
systematic, disciplined, risk-based approach to the evaluation and continual
improvement of the risk management systems, control environment and governance
processes
The Chief Audit Officer will direct a comprehensive audit program, including
performance, operational, financial, and compliance audit projects; providing
consulting services to the organisation’s management and staff; providing
direction to development of the annual internal audit plan; and ongoing
training, coaching and supervision to Internal Audit staff
The Chief Audit Officer will provide frequent updates to both the Management
Team and Opportunity Bank Malawi Board of Directors on the company’s system of
internal controls and significant audit recommendations.
Essential Duties – Other duties may be assigned, develop a flexible annual
audit plan using Opportunity’s approved risk-based audit methodology, covering
all key risk and control areas identified by management, and submit that plan
to the Board Audit Committee for review and approval as well as quarterly
updates , Contribute and support the development of the corporate audit process
and operating procedures, and direct the overall performance of internal audit
processes, including identifying and defining issues, developing criteria,
reviewing and analysing evidence and documenting the results in line with
approved standards, Ensure the internal audit process is followed in
identifying control weakness and developing recommendations within all areas of
the Bank, The focus of this activity will include credit, financial,
operational, people legal, regulatory, compliance and information technology,
design appropriate methodologies for fraud detection
in the auditing process at head office and functional and branch levels, Ensure
internal audit methodology is applied consistently and documented and in
conformance with the IIA standards, Provide regular reports to the Audit
Committee on the company’s system of internal controls and significant audit
recommendations, Review and update the audit Committee and the internal Audit
charters as necessary, represent Internal Audit at management, board meetings
and with external organisations, The Chief Internal Audit at management, board
meetings and with external organisations, The chief Audit Officer will be
responsible for recruiting, hiring, training and managing a professional audit
staff with sufficient knowledge, skills, experience, and professional
certifications to meet the requirements of the audit Charter,
Supervisory responsibility – Directly supervises a team of audit Officers
Analytical – Synthesises complex or diverse information, Collects and
researches data, uses intuition and experience to complement data, design work
flows and procedures,
Continuing professional development – Actively pursues continuing professional
development
Problem Solving – Identifies and resolves, problems in a timely manner, Gathers
and analyses information skilfully, develops alternative solutions, Works well
in group problem solving situations, Uses reason even when dealing with
emotional topics
Leading with Integrity – reinforces our values through daily behaviour, Holds
others accountable to ethical behaviour, Encourages full disclosure of
mistakes, Conforms unethical behaviour quickly
Managing People – Includes staff in planning, decision-making, facilitating and
process improvement, Takes responsibility for subordinates’ activities, Makes
oneself available to staff, Provides regular performance feedback, develops
subordinates skills and encourages growth, Solicits and applies customer
feedback (internal and external), Fosters quality focus in others, Improves
processes, products and services, Continually works o improve supervisory skills
Strategic Thinking- develops audit strategies tag account of organisational
goals, Understands organisations strengths and weaknesses, Analyses market and
competition, Identifies external threats and opportunities, Adapts audit
strategy to changing conditions
Judgement – Provides opinion on the effectiveness of th4 internal control
systems Displays willingness to make decision; Exhibits sound and accurate
judgement, Supports and explains reasoning for decision; Includes appropriate
people in decision-making processes Make timely decisions
Customer Service – Responds promptly to customer needs, Solicits customers
feedback to improve service
Organisational Support – Follows policies and procedures; on time; Support the
organisations’ mission, goals, and values; Conserves organisational resources
Works within budget guidelines
Minimum of 10 yrs experience in corporate auditing in banking or financial
services covering business analysis, operations, finance, program evaluation,
project management or equivalent, Minimum of 5 yrs experience at senior audit
manager or head of audit level in a Regulated Financial Institution, preferably
with a global organisation, Bachelor Degree from an accredited college or
university, A Masters degree in Business Administration, Public Administration,
or related filed preferred, Certified Internal auditor (CIA), Certified Public
Accountant 9CPA) or Certified Management Accountant (CMA) status preferred,
Certified Fraud Examiner (CFE) preferred, Experience in signing audit programs
in an international setting preferred, Extensive knowledge of and skill in
applying corporate auditing, management principles and preferred business
practices
Fluency in English required. Develop a highly effective audit function
respected throughout the Bank, Provide reliable assurance fostering a ‘no
surprises’ culture, Report and make recommendations on all significant risk
exposures, Complete the audit plan , Opportunity Bank Malawi Board of
Directors, Chief Executive Officer, Opportunity Bank Management team,
Opportunity International Global Head of Audit, External Auditor.
Interested applicant are asked to send an application
letter and a CV via email to recruitment@oibm.mw or
by post to the address below by Friday 10th July , Women are encouraged to
apply, The chief Human Resources Officer, Opportunity Bank Malawi,
Private Bag A71, Lilongwe.
