Senior Internal Auditor , TIB Development Bank Limited

TIB Development Bank Limited (formerly Tanzania Investment Bank Limited) was established by an Act of Parliament in 1970 as a Development Finance Institution (DFI) to provide development financing through the provision of short, medium and long term financing. Following implementation of the first phase of the Government Financial Sector Reforms and the enactment of the Banking and Financial Institutions Act of 1991, TIB was licensed to operate as a non-bank financial institution. In August 2005 the government undertook to transform the bank back into a profitable and sustainable Development Finance Institution offering both long-term finance and equity, providing technical assistance and support services, while also acting as a conduit for official development assistance and special development government funds.

In this regard, activities of TIB Development Bank have specifically expanded and the bank now invites applications from suitable, qualified and skilled persons to fill the following available vacancies:

Nature and Scope

The successful candidate will report to the Chief Internal Auditor. He/She will be responsible for ensuring that all accounting, financial, operational and other systems are adequate in design and effective in operations, to ensure that laid down procedures of the bank are being followed.

Duties and Responsibilities

Plan, budget and schedule audit operations.

Participate in the preparation and updating of the internal audit manual, audit policies, procedures and system.

Review, appraise and report on the soundness, adequacy and application of financial management and risk mitigation control procedures .

Conduct special audits and investigations and present the report to the Chief Internal Auditor.

Analyze data for evidence of deficiencies in control, duplication of effort, extravagance, fraud or lack of compliance with approved management policies.

Ensure that audit reports and recommendations including those by the external auditors and BOT examiners are implemented.

Carry out any other related duties that may be assigned by Chief Internal Auditor from time to time.

Qualifications, Knowledge and Experience

Bachelor Degree in Accounting, Commerce or related discipline from a recognized University/ institution.

Internationally recognized professional accountancy qualification such as CPA(T), ACCA, ACA or any other recognized accounting professional qualification.

At least three (3) years post qualification practical audit experience at Senior level in a recognized audit firm or reputable financial institution.          .

Strong analytical and report writing skills.

Strong written and oral communication skills with ability to write documentation in a concise and focused style.

Must be a team player, very well self-motivated and able to manage and prioritize work load with minimum supervision.

Good knowledge of banking policies and practices.

Should have computer skills.

Application Instructions:

Qualifying candidates should apply in writing to or lodge their applications at the address below, enclosing:

An application letter showing how they meet the post's requirements.

Comprehensive curriculum Vitae.

Copies of relevant certificates and awards.

Contact address including telephone number(s) and/or email address(s) if available.

Names and full addresses of three referees.

Managing Director

TIB Development Bank Limited

Mlimani City Office. Park Building No.3 Sam Nujoma Road

P.O. Box 9373

Dar es Salaam

Fax: +255222411122

Phone: +255222411101-9
Area: Dar Es Salaam
Application Deadline: Apr 24, 2013