Head of Internal Audit Job Vacancy at Mwalimu Commercial Bank – June 2025
Working Hours: Full-time
Company: Mwalimu Commercial Bank
Location: Tanzania
Mwalimu Commercial Bank is seeking a highly qualified and experienced professional to fill the position of Head of Internal Audit. Reporting directly to the Board of Directors, this is a critical leadership role responsible for providing independent assurance on the Bank’s risk management, internal controls, and governance processes.
Job Purpose
The Head of Internal Audit will lead the internal audit function by conducting independent, objective reviews of the Bank's financial, operational, and compliance activities. The role involves advising the CEO, Management, and the Board on improvements to ensure the Bank operates effectively and in line with regulations and best practices.
Key Responsibilities
- Manage integrated internal audits and special reviews to ensure the effectiveness of financial, operational, and internal controls.
- Plan and conduct audit assignments and report findings to Management and the Board of Directors.
- Follow up on implementation of recommendations from external auditors, Bank of Tanzania (BOT) examiners, and Board directives.
- Coordinate with external auditors and BOT to ensure smooth, timely, and efficient audit processes.
- Lead the development of the Bank’s internal audit framework, including policies, procedures, and manuals.
- Conduct investigations to determine causes of irregularities or errors and recommend corrective actions.
- Review financial reports for compliance with International Financial Reporting Standards (IFRS) and BOT directives.
- Perform special audits and investigations and present findings to the Board Audit Committee.
- Analyze financial and operational data to identify risks such as fraud, non-compliance, or inefficiencies.
- Carry out any other audit-related tasks as assigned by the CEO or Board of Directors.
Minimum Qualifications and Experience
- A university degree in Auditing, Accounting, Finance, or a related field.
- Certification from a recognized professional body such as ACPA.
- Additional certifications such as CIA, CISA, or CIMA are an added advantage.
- At least 8 years of banking experience, with a minimum of 5 years in senior management audit roles.
How to Apply
Qualified candidates should send their application letter, detailed CV, and certified copies of academic and professional certificates to recruitment@mwalimubank.co.tz.
Application Deadline: Wednesday, 11th June 2025
Only shortlisted candidates will be contacted.
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