DIRECTOR OF AUDIT AND RISK

Position: 1

Grade:

ES3

Location:

ESCOM Head Office – Blantyre

Directorate:

Audit and Risk

Reporting To:

Administratively to the Chief Executive Officer, and functionally to the Finance and Audit Committee of the Board.

Direct Reports:

• Risk Manager


• Financial and Systems Audit Manager


• Technical Audit Manager

Purpose of the Job:

To provide strategic leadership for the audit and risk management functions, aligning them with the Corporation's overall strategic objectives.

Key Duties and Responsibilities:

1. Spearhead the development and implementation of internal audit and risk management plans, budgets, policies, and procedures.


2. Oversee risk assessments and the creation and review of key risk management strategies and policies, driving positive organizational change.


3. Establish and foster an environment that encourages whistleblowing and ensures protection against reprisal within the Corporation.


4. Regularly update management and the Board on internal control matters and the ongoing evaluation of the internal control environment.


5. Provide an annual independent opinion on the control environment, including risk management, based on robust evidence and professional standards.


6. Maintain high performance in internal audit and risk management, ensuring adherence to professional standards across all activities.


7. Deliver timely reports to the Board and Management on risk management and audit findings.


8. Conduct comprehensive investigations into suspected fraudulent activities.


9. Offer expert advice on the effective management of the Corporation’s strategic risks.


10. Ensure the delivery of professional internal audit services.


11. Communicate audit and advisory findings to Executive Management and the Board in a transparent and constructive manner, ensuring timely action on identified issues.


12. Secure management responses to audit reports and confirm that intended actions fully address audit recommendations.


13. Provide a thorough assessment of internal audit and risk management engagements in the context of the Corporation's mandate, priorities, and risk profile.

Minimum Qualifications and Experience:

• Bachelor's and Master's Degrees in Finance, Audit, Accounting, Commerce, or Business Administration from an accredited institution.


• Professional qualifications such as Chartered Accountant or Certified Internal Auditor (CIA).


• Current membership with the Institute of Internal Auditors (IIA) or the Institute of Chartered Accountants in Malawi (ICAM).


• A minimum of ten (10) years of professional experience, including at least five (5) years in a managerial or senior leadership role within Auditing, Finance, or Accounting.

Key Competences:

• Expertise in risk and audit management.


• Proven success in managing organizations of ESCOM Limited's scale and complexity.


• Strong leadership and team-building capabilities.


• Results-driven, decisive, self-motivated, and assertive, with excellent communication and interpersonal skills.


• High standards of integrity.


• In-depth knowledge of regulatory frameworks, laws, and standards relevant to the sector.


• Advanced analytical thinking abilities.

Appointment and Remuneration:

The successful candidate will be appointed on a negotiable performance-related contract for an initial period of three (3) years, with the possibility of renewal based on satisfactory performance.

Method of Application:

Interested individuals should submit their applications, accompanied by certified copies of certificates and a detailed Curriculum Vitae (CV) including the names and contact details of three (3) traceable referees, by 29TH MAY 2026 to:

Comptroller of Statutory Corporations
Department of Statutory Corporations
P. O. Box 30061
Capital City
LILONGWE 3

Only shortlisted candidates will be contacted.