Job Details
- Position: Internal Auditor
- Location: Lilongwe, Malawi
- Reports To: Chairperson, Board Audit Committee
- Application Deadline: 6 December 2025
- Email resume and cover to: info@mastersfinance.co.mw (Subject: Application for Internal Auditor)
Key Purpose of the Role
The Internal Auditor provides independent and objective assurance on the effectiveness of governance, risk management, and internal control systems across Masters Finance Ltd. This role helps safeguard company assets, strengthen compliance, and ensure operational efficiency as the institution grows.
Responsibilities
- Develop and implement a comprehensive Internal Audit Charter and annual Audit Plan aligned with RBM requirements.
- Conduct risk-based internal audits across all branches, departments, and business processes.
- Evaluate the adequacy and effectiveness of internal controls, risk management, and governance systems.
- Assess compliance with internal policies, RBM regulations, AML/CFT standards, and other legal requirements.
- Perform audits of credit processes, cash management, IT systems, digital platforms, and financial operations.
- Prepare high-quality internal audit reports with clear findings, risk implications, and actionable recommendations.
- Conduct follow-up reviews to ensure timely implementation of corrective actions.
- Advise management on internal control improvements and fraud prevention measures.
- Support the Audit Committee with insights and periodic reporting on audit outcomes and control environment.
- Investigate suspected fraud, irregularities, or systemic weaknesses.
- Provide audit input into new systems implementation, including core banking software, digital platforms, and National Switch integration.
Qualifications & Experience
- Bachelor’s Degree in Accounting, Auditing, Finance, or related field.
- Professional qualification is a strong advantage (CIA, ACCA, CISA, CPA).
- Minimum 5 years’ experience in internal auditing, preferably in banking or microfinance.
- Strong practical understanding of RBM regulations, microfinance operations, and risk-based auditing.
- Proficiency in audit management tools, MS Excel, and data analytics techniques.
- Excellent report writing, analytical, and communication skills.
- Demonstrated integrity, confidentiality, and sound ethical judgement.
Personal Attributes
- Strong ethical standards and integrity
- Analytical and detail-oriented
- Proactive problem-solver
- Strong leadership and stakeholder management
- High proficiency in Excel, data analysis, and risk modelling
- Ability to work under pressure and meet strict deadlines
Skills
- Internal Auditing
- Risk Assessment
- Compliance Monitoring
- Governance & Controls
- Financial Reporting
- RBM Prudential Knowledge
- Fraud Detection & Prevention
- Audit Management Software
- Data Analysis & Excel