MINISTRY OF FINANCE AND DEVELOPMENT PLANNING
EXTERNAL CIRCULAR NOTICE NO. 3 OF 2025
Reference: FIN/HR/ADVERTS/03
Applications are invited from suitably qualified local candidates for the following position:
MINISTRY: Finance and Development Planning
Division: Internal Audit
Job Title: Head of Internal Audit
Grade: R K
Responsible To: Principal Secretary
Main Purpose of the Job
To establish and improve the effectiveness of Internal Audit functions across Government Ministries, Departments and Agencies (MDAs) for the purpose of strengthening internal controls, risk management and governance issues.
Main Duties
1. Develop and Disseminate Internal Audit Policies, Legislation, Regulations, Manual and Guidelines
1.1 Advise the Chief Accounting Officer on the development and review of Public Financial Management Act, Procurement Act, Treasury Regulations, Procurement Regulations, Stores Rules and Regulations
1.2 Develop and review Internal Audit legislation, policies, and guidelines to provide direction and regulate internal audit activities
1.3 Periodically review internal audit charter and present it to senior management and audit committee for approval
1.4 Review and revise internal audit manual to ensure compliance with standards and enhance professional capacity
1.5 Perform sensitization workshops across GoL MDAs and other stakeholders on Internal Audit policies and legislation
1.6 Establish framework for monitoring compliance with Internal Audit policies and legislation
1.7 Facilitate establishment of Enterprise Risk Management policy, legislation and implementation thereof
2. Establish and Improve the Effectiveness of Internal Audit Functions Across Government MDAs
2.1 Set up Internal Audit function across GoL MDAs for the purpose of strengthening internal controls, risk management and governance issues
2.2 Facilitate establishment of Ministerial Audit Committees and provide guidance on internal audit functions
2.3 Supervise and coordinate the internal audit function across all government MDAs
2.4 Develop and maintain a quality assurance and improvement programme that covers all aspects of internal audit activities
3. Develop Risk-Based Audit Plan
3.1 Consult with senior management and the Audit Committee to understand organizational strategies, key business objectives, associated risks, and risk management processes
3.2 Lead strategic and annual audit plan adopting risk-based audit approach to determine priorities consistent with government goals
3.3 Coordinate activities and consider relying upon the work of other internal and external assurance and consulting service providers to ensure proper coverage and minimize duplication of effort
4. Report Periodically to Senior Management and Audit Committee
4.1 Report annually to Senior Management on internal audit purpose, authority, performance relative to its plan and conformance with code of ethics and standards
4.2 Confirm to the Audit Committee at least annually the organizational independence of internal audit activity
4.3 Communicate Internal Audit activities, plans and resource requirements for Audit Committee review and approval, and resource limitations to the Principal Secretaries and Audit Committee
4.4 Report progress on the implementation of ERM policy and legislation by the Ministries, Departments and Agencies
Job Specification
Education and Training
- Certified Internal Auditor (CIA) / Master’s degree in Internal Auditing
OR - Professional Internal Auditor / Degree in Internal Auditing / B.Comm / General Accountant / BBA
Work Experience
- Five (5) years working experience in Internal Audit Senior Management position (for CIA/Master’s degree holders)
- Seven (7) years working experience in Internal Audit Senior Management position (for degree holders)
Other Relevant Knowledge
- Knowledge of public financial management, procurement act, treasury, procurement, stores rules and regulations
- Knowledge of Public Service Act and rules and regulations
- Knowledge of enterprise risk management and frameworks, forensic and investigative auditing, and data analytics
Additional Responsibilities and Competencies
- Responsibility for fostering harmonious relations between Ministry of Finance and other line ministries
- Safe keeping of internal audit reports
- Ability to make decisions when evaluating and improving effectiveness of risk management, controls and annual work plans
- Proven skills in problem solving, change management, and knowledge management
Application Instructions
Applications on relevant forms:
- G.P 104 for serving officers
- G.P 103 for job seekers
Applications must be accompanied by:
- Certified copies of educational certificates, transcripts, ID, CVs
- Council on Higher Education (CHE) certificate of verification
Submission Address:
Human Resources Office
Ministry of Finance and Development Planning
Government Complex, Finance 3rd Floor, Room 3063
P.O. Box 395, Maseru
Closing Date: Monday, 22nd September 2025
Note: Candidates are advised to write their email addresses and two (2) contact numbers at the top of their application forms.