Job Description
Be part of a community that improves the economic and financial conditions of low-income earners, SME’s and motivated entrepreneurs in Malawi.
PURPOSE OF THE ROLE.
The role is expected to help Nyasa Capital Finance achieve its mission of providing tailor-made financial solutions in order to low-income earners, small and medium businesses and motivated existing entrepreneurs by providing independent andobjective assurance and consulting services, which addsvalue and improves the operations of the organization. The role provides assurance on the effectiveness of the internal control environment, efficiency and effectiveness of processes, effectiveness of risk management and compliance framework.
MINIMUM QUALIFICATION AND EXPERIENCE:
- Bachelor’s degree in Accounting, Finance, Economics, or Business Administration.
- Proven experience in microfinance operations/banking/external internal audit at a minimum of supervisory level capacity.
- Those pursuing an audit professional qualification (CIA/CFE) will have a distinct advantage.
- At least 3-5 years’ experience in an internal audit function for a financial services institution.
KNOWLEDGE AND SKILLS:
- Experience in microfinance operations/banking/auditing in a supervisory capacity.
- Demonstrable understanding of Risk-Based Internal Audit (RBIA), risk management principles and corporate governance practices and frameworks
- Excellent verbal and written communication skills in English combined with ability to build compelling business cases and adapt style in order to gain buy in.
- Strong analytical skills, including conducting audit in an automated environment;
- Self-motivated and ability to drive work to conclusion and meet deadlines with minimal supervision.
- Ability to work independently as well as a cohesive member of a small team;
- Ability to work effectively in an evolving and challenging environment.
- In-depth knowledge of Reserve Bank of Malawi regulatory directives for microfinance institutions and relevant laws.
- Good knowledge of Fraud risk management techniques. Highly credible with unquestionable integrity.
- Skill in collecting and analysing data, evaluating information and systems and drawing logical conclusions.
- Ability to establish and maintain harmonious working relationships with customers, co-workers, and other stakeholders and work effectively in a professional team environment.
KEY RESPONSIBILITIES AND ACCOUNTABILITIES:
- Be responsible for the execution of the risk-based internal Audit plan for Nyasa Capital Finance Ltd and ensure that planned audits are fully executed.
- Predominantly focus on internal audit projects, participating in the planning of specific assignments, driving and concluding fieldwork within set timeframes, and reporting of audit findings and observations using approved audit methodology.
- Is responsible for the overall and on-going communication with the Audit Committee and the Board of Nyasa Capital Finance Ltd.
- Liaise with Auditees at all stages of the audit and manage the presentation of draft audit findings to stakeholders with a view to obtaining necessary buy in, including management response commitments.
- Communicates the results of audit and consulting projects, analysis, trends and any relevant information via written reports and/or oral presentations on a timely basis, according to planned reporting schedule or as required/necessary to the board audit committee and management.
- Assist in the identification and evaluation of the organization’s audit risk areas and provides direction to the development of a risk-based annual internal audit plan.
- Propose recommendations to address the established root cause of observed issues to the respective areas and follow up implementation of agreed management action plans.
- Provide expertise in subject areas to help advise management on risks and controls, emerging risks, and international best practices.
- Perform any other duties as assigned by the Board Audit Committee.
Closing date for receiving applications is Monday, 21 October, 2024.
Only short-listed candidates will be acknowledged.
Applications should be sent via email only.
Send your applications to info@nyasacapital.com