Madison Finance Company Limited, one of the leading Micro-Finance Institutions and accredited by the Bank of Zambia (BOZ) seeks to recruit a suitably qualified and professionally experienced candidate for the position of INTERNAL AUDIT MANAGER.

Key Responsibilities

The role is responsible for but not limited to the following:

• Develop and Implement Audit Plans: Develop annual and quarterly audit plans that align with the organization’s strategic objectives, risk profile, and the requirements of the Banking and Financial Services Act.
• Conduct Audits: Lead and execute internal audits of various departments and functions, including finance, operations, compliance, and risk management.
• Assess Risk and Controls: Evaluate the effectiveness of internal controls, identify key risks, and assess the adequacy of the organization’s risk management framework in accordance with the Banking and Financial Services Act.
• Report Findings and Recommendations: Prepare comprehensive audit reports that clearly articulate audit findings, recommendations, and management action plans, in compliance with the requirements of the Banking and Financial Services Act.
• Follow-up on Recommendations: Monitor the implementation of management action plans and ensure that corrective measures are taken to address identified deficiencies.
• Provide Advisory Services: Offer consulting services to management on risk management, internal control, and governance matters, with a focus on compliance with the Banking and Financial Services Act.
• Stay Updated on Regulatory Requirements: Maintain a thorough understanding of the Banking and Financial Services Act, other relevant regulatory frameworks, industry standards, and best practices.
• Collaborate with Group Risk and Audit: Work closely with the Group Risk and Audit function and all assurance staff within the group companies to ensure consistency, share best practices, and leverage synergies.

Requirements

• Bachelor’s degree in accounting, finance or a related field.
• ZICA CA, ACCA, CIMA (CGMA).
• Certified Internal Auditor (CIA).
• Certified Information Systems Auditor (CISA) and Certified Financial Services Auditor (CFSA) are considered strong advantages.
• MBA is an added advantage.
• Minimum of 5 years of experience in internal audit, with at least 2 years in a supervisory role in the financial services industry.
• A member of ZICA and IIA