Head of Internal Audit

Job Purpose
This is a Senior Management position and reports to functionally to Board Audit and Finance Committee and administratively to the Chief Executive Officer with overall responsibility of assisting the Board Audit and Finance committee achieve its oversight objectives by independently assessing effectiveness of the Internal control systems, risk management process, and governance process of the Bank
Key Responsibilities and Accountabilities
The successful candidate will be responsible for the following, among other responsibilities:
  • Appropriately develop an audit plan and present it for Board approval
  • Ensure the Risk based audit plan is implemented
  • Develop and update audit programs for effective execution of audits and reviews
  • Conduct Risk assessment of Business Units for development of Annual audit plans or adjusting audit plans
  • Prepare Audit reports and ensure appropriate audit responses are obtained
  • Ensure quality of audits are conducted by among others ensuring appropriate resources are deployed to conduct audits, timing audits, compliance to the International Auditing standards, compliance to the SLAs between the Audit Division and the Operating Units of the Bank
  • Institute and supervise investigations
  • Report on investigations
  • Develop forensic operations tools for detection, prevention and investigation of fraud and irregularities.
  • Ensure adequate resources are available for execution of audits
  • Develop capacity of staff under his/her jurisdiction
  • Manage Audit Division staff Preparation and presentation of Board papers (control profile of the Bank)
  • Advise the Board and Management on the Internal control systems, Risk Management, and Governance processes of the Bank
  • Follow up on implementation of audit recommendations and particularly ensure all audited units are tracking progress towards resolving all audit issues raised in internal audit reports in collaboration with the Operations Department
Interested candidates that meet the above minimum requirements should send their applications and updated CVs with names of three (3) traceable and reputable referees and copies of certificates to the following address:-
Head of Human Resources, NBS Bank Limited, P.O. Box 32251, Chichiri, BLANTYRE 3
Or alternatively, send your application and CV to recruitment@nbs.mw
The closing date for receiving applications is 20th October 2020. Only short-listed applicants will be acknowledged.