Head of Internal Unit , Mwalimu Commercial Bank PLC (MCB)

Mwalimu Commercial Bank PLC (MCB) (In-Formation) is a newly licensed commercial bank by the Bank of Tanzania, and is in its 'final stages of setting up operations. The major shareholders of the bank include Tanzania Teachers' Union (TTU), Public Service Pension Funds (PSPF) and National Health Insurance Fund (NHIF). MCB is looking to recruit experienced, self-driven, dynamic and result oriented individuals who are keen to develop a career in a dynamic, passionate and challenging environment.

Head of Internal Unit(1 Post)

Job Summary:
Reporting to the Board of Directors, the Head of Internal Audit is expected to make substantial contributions to the strategy and leadership of the Bank, and is responsible for rendering an independent, objective evaluation of an effective financial accounting and operational systems within the Bank and to advise the management, the CEO and the Board of Directors to make improvements where necessary.

Key Responsibilities:
Shall include but not limited to the following;
Managing integrated internal audits and special reviews to provide assurance regarding the existence and effectiveness of financial, compliance, operational and internal controls; -
Plan and execute banking audit assignments and prepare relevant written reports to the management and the Board of Directors;
Organize follow-ups on the implementation progress status of recommendations of external auditors, BOT examiners and directives of the Board of Directors; .
Plan and liaise with external auditors and BOT examiners to ensure that audits are carried out effectively, efficiently and timely;
Accountable for the development and coordination of the -Bank's auditing activities;
Investigate and determine cause of irregularities and errors and recommend corrective actions and improvements;
Prepare and update internal audit manual, charter, policies, procedures and systems;
Review, appraise and report upon the accuracy, adequacy and application of financial and other management controls;
Review books of accounts and ensure that they are prepared in accordance with the acceptable International Financial Reporting Standards (I FRS) and comply with BOT financial directives;
To conduct special audits and investigations and present management audit reports to the Board Audit Committee;
To analyze data for evidence of deficiencies in control, duplication of efforts, extravagance, fraud or lack of compliance with approved management policies, procedures, laws and government regulations;
Perform any other duties as assigned by the CEO and the Board of Directors from time to time.

Minimum Qualifications:
University Degree or equivalent qualifications in Auditing, Accounting, or Finance; Certified Professional by Accredited institution in Accounting, such as CPA, ACCA, CIA& CIMA;
Possess at least eight (8) years of working experience in the banking sector with at least five (5) in the senior management.

APPLICATION INSTRUCTIONS:

If you meet the above requirements, please send your cover letter (clearly indicating preferable position) and latest detailed Curriculum Vitae (do not attach copies of certificates or transcripts) by post office mentioned below to reach us by Wednesday, 25th November 2015.

Only shortlisted candidates will be contacted.

Write to: The Chief Executive Officer, Mwalimu Commercial Bank PLC
(In-Formation), P. O. Box 61002, Dar es Salaam, Tel. +255 222775131.