Background information about the job or company (e.g., role context, company overview)

The Electricity Supply Corporation of Malawi Limited (ESCOM) Limited is incorporated under the Companies Act of the Laws of Malawi. Its core business is to procure, transmit and distribute electric power in Malawi as well as manage System Market Operations and Single Buyer in Malawi.

ESCOM Limited is therefore inviting applications from suitably qualified candidates to fill the following vacant Executive Management position:

Responsibilities or duties

Leading in the development and implementation of internal audits and risk management plans, budgets, policies and procedures.

Overseeing risk assessment; development and review of key risk management strategies and policies, influencing outcomes that lead to positive organizational change.

Leading in creating the necessary tools and a conducive environment to promote whistleblowing and reprisal protection in the Corporation.

Updating management and the Board on internal control issues and the evaluation of the internal control environment on an on-going basis.

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.

Driving and maintaining internal audit performance, ensuring professional standards are met for all aspects of audit and risk management.

Providing regular and adhoc reports to the Board and Management on risk management and audit matters.

Conducting high level investigations of suspected fraudulent activities.

Advising on the effective management of the Corporation’s strategic risks.

Ensuring professional internal audit service is delivered.

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.

Ensuring that management responses are obtained to audit reports and that the intended actions fully address the audit recommendations.

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.

Qualifications or requirements (e.g., education, skills)

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.

Experience needed

Minimum of ten (10) years’ experience with at least five (5) years at Managerial level or above in Auditing/Finance/Accounting.

Any other provided details (e.g., benefits, work environment, team info, or additional notes)

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

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

Please note that Electricity Supply Corporation of Malawi Limited is an equal-opportunity employer.

• Leading in the development and implementation of internal audits and risk management plans, budgets, policies and procedures.
• Overseeing risk assessment; development and review of key risk management strategies and policies, influencing outcomes that lead to positive organizational change.
• Leading in creating the necessary tools and a conducive environment to promote whistleblowing and reprisal protection in the Corporation.
• Updating management and the Board on internal control issues and the evaluation of the internal control environment on an on-going basis.
• 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.
• Driving and maintaining internal audit performance, ensuring professional standards are met for all aspects of audit and risk management.
• Providing regular and adhoc reports to the Board and Management on risk management and audit matters.
• Conducting high level investigations of suspected fraudulent activities.
• Advising on the effective management of the Corporation’s strategic risks.
• Ensuring professional internal audit service is delivered.
• 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.
• Ensuring that management responses are obtained to audit reports and that the intended actions fully address the audit recommendations.
• 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.

• 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

• 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.