RE-ADVERTISEMENT VACANCY

DIRECTOR OF AUDIT AND RISK

Position: 1
Grade: ES3
Location: ESCOM Head Office – Blantyre
Directorate: Audit and Risk
Reporting to: Administratively to Chief Executive Officer and functionally to the Finance and Audit Committee of the Board
Responsible for: Risk Manager, Financial and Systems Audit Manager, Technical Audit Manager

Purpose of the Job

To provide leadership role for the audit and risk management functions in line with strategic goals of the Corporation.

Key Duties and Responsibilities

1. Leading in the development and implementation of internal audits and risk management plans, budgets, policies and procedures.
2. Overseeing risk assessment; development and review of key risk management strategies and policies that influence outcomes that lead to positive organizational change.
3. Leading in creating the necessary tools and a conducive environment that promote whistleblowing and reprisal protection in the Corporation.
4. Updating management and the Board on internal control issues and the evaluation of the internal control environment on an ongoing basis.
5. Providing an annual opinion based on the appropriate level of evidence on the control environment, including risk management based on rigorous methodology and professional standards.
6. Driving and maintaining internal audit performance, ensuring professional standards are met for all aspects of audit and risk management.
7. Providing regular and adhoc reports to the Board and Management on risk management and audit matters.
8. Conducting high level investigations of suspected fraudulent activities.
9. Advising on the effective management of the Corporation’s strategic risks.
10. Ensuring professional internal audit service is delivered.
11. Reporting results of audit and advisory work in an open, transparent and constructive manner to Executive Management and the Board to ensure that Audit findings are addressed timely.
12. Ensuring that Management responses are obtained to audit reports and that the intended actions fully address the audit recommendations.
13. Providing a comprehensive assessment of the results of internal audit and risk management engagements in the context of the Corporation’s mandate, priorities and risk profile.

Minimum Qualifications and Experience

• Bachelor’s degree and a master’s degree in Finance/Audit/ Accounting/Commerce/Business Administration from a recognized and accredited institution.
• Chartered Accountant or Certified Internal Auditor (CIA).
• Registered member of IIA or ICAM.
• Minimum of ten (10) years’ experience with at least five (5) years at Managerial level or above in Auditing/Finance/Accounting.

Key Competences

• Risk and audit management expertise;
• Proven track record of managing strategic institutions of the size and complexity of ESCOM Limited.
• Demonstrable leadership and team building skills;
• Results oriented, decisive, self-motivated, assertive with excellent communication and interpersonal skills;
• High levels of integrity;
• Regulatory knowledge and understanding of laws and standards;
• Analytical thinking.

APPOINTMENT AND REMUNERATION

The successful candidate shall be offered a negotiable performance-related contract for a period of three (3) years subject to renewal on satisfactory performance.