Background

The Malawi Gaming and Lotteries Authority (MAGLA) is a parastatal body established under an Act of Parliament to regulate the gaming and lotteries industry in Malawi. To deliver on its core mandate, MAGLA seeks to recruit a dynamic, results-oriented, and suitably qualified individual to fill the following senior position:

Key Responsibilities

The Internal Auditor will be responsible for providing independent and objective audit assurance to the Board on the effectiveness of governance, risk management, and internal controls at MAGLA.

Specific Duties

• Develop and implement internal audit policies, procedures, and annual audit plans.
• Evaluate the adequacy and effectiveness of internal controls, risk management, and governance processes.
• Conduct financial, operational, performance, and compliance audits.
• Execute detailed audit procedures, including the review of transactions, records, and policies for accuracy and completeness.
• Monitor payments and ensure adherence to internal procedures and applicable legislation.
• Investigate suspected fraud, irregularities, or misappropriations.
• Conduct spot checks at operational sites to verify compliance with agreed standards, specifications and procedures, and report on adherence to operational and financial controls.
• Review and update the Internal Audit Charter and related policies.
• Assess compliance with the Malawi Gaming and Lotteries Act, Public Audit Act, Public Finance Management Act, Public Procurement and Disposal of Assets Act, and other relevant laws.
• Assess compliance with relevant regulations, policies, and procedures.
• Provide practical recommendations to strengthen controls and mitigate risks.
• Prepare and submit timely audit reports to the Board.
• Track and report on the implementation of audit recommendations.

Key Competencies and Attributes

• Strong knowledge of Malawi Gaming and Lotteries Act, Public Audit Act, Public Finance Management Act, Public Procurement and Disposal of Assets Act, International Financial Reporting Standards, Companies Act, Labour Laws, and other relevant legislation regulating the gaming and lotteries industry.
• High integrity, independence, and professionalism.
• Excellent analytical, communication, and interpersonal skills.
• Strong report writing and presentation abilities.
• Ability to manage multiple assignments and meet tight deadlines.

Qualifications and Experience

• Bachelor’s Degree in Accounting or Auditing.
• A recognized professional qualification at Chartered level (e.g., ACCA, CIMA, CA).
• Minimum of four (4) years’ practical auditing experience in a reputable organization.
• Must be a registered member in good standing with the Institute of Internal Auditors (IIA) or a similar recognized professional bodies.

Remuneration

An attractive salary and benefits package commensurate with the seniority of the position will be offered to the successful candidate.

• Develop and implement internal audit policies, procedures, and annual audit plans.
• Evaluate the adequacy and effectiveness of internal controls, risk management, and governance processes.
• Conduct financial, operational, performance, and compliance audits.
• Execute detailed audit procedures, including the review of transactions, records, and policies for accuracy and completeness.
• Monitor payments and ensure adherence to internal procedures and applicable legislation.
• Investigate suspected fraud, Irregularities, or misappropriations.
• Conduct spot checks at operational sites to verify compliance with agreed standards, specifications and procedures, and report on adherence to operational and financial controls.
• Review and update the Internal Audit Charter and related policies.
• Assess compliance with the Malawi Gaming and Lotteries Act, Public Audit Act, Public Finance Management Act, Public Procurement and Disposal of Assets Act, and other relevant laws.
• Assess compliance with relevant regulations, policies, and procedures.
• Provide practical recommendations to strengthen controls and mitigate risks.
• Prepare and submit timely audit reports to the Board.
• Track and report on the implementation of audit recommendations.

• Strong knowledge of Malawi Gaming and Lotteries Act, Public Audit Act, Public Finance Management Act, Public Procurement and Disposal of Assets Act, International Financial Reporting Standards, Companies Act, Labour Laws, and other relevant legislation regulating the gaming and lotteries industry.
• High integrity, independence, and professionalism.
• Excellent analytical, communication, and interpersonal skills.
• Strong report writing and presentation abilities.
• Ability to manage multiple assignments and meet tight deadlines.

• Bachelor’s Degree in Accounting or Auditing.
• A recognized professional qualification at Chartered level (e.g., ACCA, CIMA, CA).
• Minimum of four (4) years’ practical auditing experience in a reputable organization.
• Must be a registered member in good standing with the Institute of Internal Auditors (IIA) or a similar recognized professional bodies.