Supervisor, Internal Audit

Deposit Insurance Corporation (DIC)

The Deposit Insurance Corporation (DIC) invites applications for the position of Supervisor, Internal Audit, based in Blantyre, on a two (2) years contract, renewable subject to satisfactory performance. The DIC commenced operations on 1st October 2023. It is mandated to implement and manage a deposit insurance scheme in Malawi, in accordance with the Deposit Insurance Corporation Act, 2022. For more information about the DIC visit www.dic.mw.

SUPERVISOR, INTERNAL AUDIT (1 POSITION)

Reporting to: Audit and Risk Committee of the DIC Board

Role Purpose:
The Supervisor, Internal Audit will lead the execution of operational and financial audits at DIC, ensuring alignment with annual audit plans and objectives. This role provides independent assurance and consultancy services to management on the adequacy, effectiveness, and efficiency of governance processes, risk management, and internal controls.

Key Responsibilities:

1. Audit Execution Leadership

  1. Prepare audit documentation and coordinate audit planning.
  2. Lead fieldwork and review audit evidence and work papers.
  3. Draft management reports and finalize audit findings.

2. Audit Investigations

  1. Develop investigation plans and gather relevant documentation.
  2. Conduct interviews and assess information adequacy.
  3. Compile and present investigation reports.

3. Consultancy Services

  1. Attend meetings and provide technical input.
  2. Draft Terms of Reference and lead methodology design.
  3. Review and compile consultancy deliverables.

4. Strategic and Annual Planning

  1. Analyze risks and contribute to audit universe development.
  2. Participate in drafting strategic and annual audit plans.
  3. Evaluate resources and support planning meetings.

5. Quality Assessment and Performance Review

  1. Supervise audit engagements and review outputs.
  2. Monitor team performance using control tools.
  3. Analyze audit metrics and research emerging issues.

To be successful in this role, the candidate will have to demonstrate

  1. Audit Expertise
    Deep understanding of internal audit methodologies, risk-based auditing, and control frameworks.
  2. Leadership and Team Management
    Ability to lead audit teams, delegate tasks effectively, and mentor junior audit staff.
  3. Analytical Thinking
    Strong skills in risk analysis, data interpretation, and problem-solving.
  4. Communication Skills
    Excellent written and verbal communication for reporting, stakeholder engagement, and presentations.
  5. Bhical Judgment and Integrity
    High ethical standards and commitment to confidentiality and professional conduct.
  6. Project Management
    Ability to manage multiple audits and investigations simultaneously with precision and timeliness.
  7. Technical Proficiency
    Familiarity with audit software (e.g., Teammate), financial systems, and data analytics tools.
  8. Strategic Insight
    Capacity to contribute to long-term planning and align audit activities with organizational goals.

Experience and Educational Foundation

To be considered for the role, candidates must meet the following criteria:

A. Educational Qualifications

  1. Master’s Degree in Internal Audit, Audit, or Accounting from a reputable accredited institution;
    OR
  2. Bachelor’s Degree in the above fields with a minimum of 5 years of relevant work experience.

B. Professional Certifications

Candidates must hold at least one of the following:

  1. Certified Internal Auditor (CIA)
  2. Certification in Risk Management Assurance (CRMA)

C. Work Experience

Minimum of 5 years of practical experience in internal audit.

D. Age Requirement

The candidate must be between 25 and 40 years of age.

All interested applicants should send their detailed Curriculum Vitae, stating residential/ postal addresses, names and addresses of three traceable referees and copies of ID and certificates when applying to the following email link which is the only acceptable mode of application: https://rp.rbmrp.com/rg/rpm not later than Friday, 12 September 2025.

DIC is an Equal Opportunity Employer. As such, all interested persons who meet job requirements listed above, are encouraged to apply.