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Head – Internal Audit at LOLC Finance Zambia Limited

  • Full Time
  • Lusaka
  • 00 USD / Year
  • Salary: 00

LOLC Finance Zambia Limited


Overall Objective; Responsible for carrying out business process analysis by reviewing the quality of business processes, evaluate the implications of process design improvement recommendations on the business strategic objectives and obtain by-in of process owners to accept recommendations.

Job Responsibilities;

  • Drive Internal Audit quality assurance by reviewing the results of assessments, establishing a reporting structure for the result of the assessments that maintains appropriate credibility and objectivity, and communicate opportunities to Senior Management and the board.
  • Responsible for driving Internal Audit engagement execution by identifying and escalating strategic implications to the business from audit engagement findings as well as evaluating the significant risk exposures and control issues including fraud risk and governance.
  • Responsible for driving Internal Audit engagement planning by evaluating completeness and relevance of risk assessments, evaluate the relevance and the prioritization or focus of the audit plans and its alignment with Internal Audit and business strategies.
  • Lead and asses the annual risk analysis to formulate risk-based audit plans.
  • Participate in the strategic information gathering and analysis process by evaluating business insights, assess the strategic implications and make appropriate recommendations as well as communicate high risk areas with process owners, Senior Management and the Board.
  • Drive the fraud risk management process by evaluating fraud detection and reporting tools and measures, as well as evaluate adequacy of risk response strategy and practices to deter and prevent fraud.
  • Support the governance process through engaging the board and senior management on governance best practices and issues.
  • Responsible for developing safeguards to maintain auditors’ independence.
  • Conduct reviews of internal controls and accounting procedures to ensure that they are operating effectively.
  • Reviewing financial statements, research financial trends, and prepare forecasts for possible upcoming scenarios.
  • Evaluating the effectiveness of risk management programs within the organization to ensure that risks are identified and managed appropriately.
  • Conducting special audits and investigations into suspected misconduct by employees or board members.
  • Review and adjust the internal audit team skills mix and diversity according to organisation’s objectives and risks.
  • Develop and implement a plan for professional and career development of Internal Audit staff.
  • Establish clear performance standards for internal auditors and the internal audit function.
  • Determine an adequate budget to support Internal Audit planned activities.


  • Full Grade 12 Certificate
  • Professional Accounting/Auditing qualification.
  • At least 10 years’ hands on Internal Audit experience
  • 5-7 years supervisory/management experience.
  • Membership of ZICA/ACCA and/or other relevant professional bodies
  • Experience in a financial institution

The Required Attributes Include:

  • High level of business acumen.
  • Good judgement and good decision-making ability.
  • Committed team player with ability to interact with all levels of management in the organization.
  • Highly developed written and oral communication skills.
  • Ability to work in pressured and deadline-driven operating environment.
  • Detail-oriented with the technical aptitude and ability to perform tasks accurately and comprehensively.
  • Expert in multi-tasking, time management and planning of work.

Method of Application

Please clearly indicate the job title in the subject of your email and use your full name and the job you are applying for as the filename of your application for example, Head – Internal Audit_Aaron_Banda. Applications should consist of your CV and Academic Qualifications. Hand delivered or posted applications will not be accepted. The closing date for accepting applications is 4 February, 2024. Only short listed candidates will be contacted.

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