Job Summary
- Employer: Old Mutual Malawi
- Job Type: Full-time
- Location: Blantyre, Malawi
- Category: Compliance
- Closing Date: 2026-10-15
Key Responsibilities
- Conducting revenue assurance reviews and activities aimed at identifying and preventing revenue leakages.
- Reviewing and evaluating internal controls, systems, and operational processes.
- Conducting monitoring and cost control reviews to enhance operational efficiency and effectiveness.
- Ensuring compliance with applicable laws, regulations, standards, internal policies, and procedures.
- Preparation of reports on completed assignments, weekly, monthly, and quarterly basis.
- Performing any other duties as may be assigned from time to time.
Requirements
- Bachelor Of Accountancy: Internal Auditing
How to Apply
REF Code: JR-84325
About the Company
Old Mutual Malawi is a prominent financial services group operating within the Republic of Malawi, dedicated to empowering individuals and businesses. As a subsidiary of Old Mutual Limited, it provides a comprehensive suite of financial solutions, including life assurance, general insurance, investment management, and savings products. The company caters to a broad spectrum of clients, from retail customers seeking personal financial security to corporate and institutional entities managing significant assets across Malawi. With a strong commitment to local development, Old Mutual Malawi plays a vital role in fostering economic stability and financial literacy, helping Malawians achieve their financial aspirations and secure their futures.
Empowering Malawians through trusted financial solutions.
Frequently Asked Questions
What qualifications or certifications are typically required for an Internal Control Officer role in Malawi?
Most employers require a bachelor's degree in accounting, finance, or business administration from a recognized Malawian university such as the University of Malawi or Mzuzu University. Professional certifications like ACCA, CIMA, or CIA are highly valued and often preferred. Some roles may accept candidates with part-qualified status if they have relevant experience.
What are the common day-to-day responsibilities of an Internal Control Officer in Malawi?
Daily tasks include reviewing financial transactions for compliance with internal policies, conducting risk assessments on operational processes, and preparing reports for senior management and audit committees. You will also investigate control weaknesses, recommend corrective actions, and ensure adherence to regulatory requirements from the Reserve Bank of Malawi and other authorities. Regular coordination with external auditors and department heads is also expected.
How does the local work culture in Malawi affect this compliance role?
Malawian workplaces value respect for hierarchy and clear communication channels, so building relationships with department heads is essential for effective control implementation. Punctuality and professionalism are important, though flexibility may be needed during peak reporting periods like year-end. Understanding local business etiquette and maintaining neutrality when enforcing controls will help you succeed.
What career progression opportunities exist for Internal Control Officers in Malawi?
With experience, you can advance to Senior Internal Control Officer, Internal Audit Manager, or Chief Risk Officer positions within financial institutions. Some professionals transition into operational risk management, compliance consulting, or executive roles like Chief Financial Officer. Pursuing additional certifications and gaining cross-functional experience accelerates promotion prospects.
What typical benefits should I expect in this role at a Malawian financial institution?
Standard benefits usually include annual leave of 20-30 days, medical aid coverage for you and dependents, and pension contributions through NICO or other approved schemes. Many employers also provide funeral insurance, staff loans at favorable rates, and professional development support for continuing education. Specific packages vary by employer size and your experience level.
How should I apply for an Internal Control Officer position, and what do Malawian employers prioritize?
Submit applications through company career portals, job boards like MyJobo or Careerpool Malawi, or directly to HR departments with a tailored CV and cover letter. Employers prioritize demonstrated integrity, attention to detail, and experience with regulatory frameworks relevant to Malawi's financial sector. Highlight any previous work with banks, insurance companies, or audit firms, and prepare for competency-based interviews focusing on ethical decision-making.