Chapanga Siame
Lusaka
Summary
A driven audit, risk, and internal controls professional with a talent for analytical reasoning and a proactive approach to problem-solving. Skilled in financial analysis and risk assessment, demonstrating strong communication and organizational abilities. Committed to identifying opportunities for process improvement and enhancing operational efficiency.
Overview
12
12
years of professional experience
8
8
years of post-secondary education
1
1
Certification
Work history
Internal Auditor
Bank of Zambia
09.2019 - 01.2025
- Identifying and evaluating the Bank's risks and providing input to the development of the annual audit plan
- Performing audit procedures of financial controls, business processes, functions, and application controls in the supporting IT systems, including identifying and defining issues, developing criteria, reviewing and analysing evidence, and documenting client processes and procedures
- Execute the audit program during fieldwork including, documenting, and evaluating internal controls, governance, and risk management processes to determine their adequacy and effectiveness
- Reporting on control deficiencies and recommending process improvements
- Tracking and reporting on the implementation of audit recommendations
Manager - Risk & Assurance
Madison Life Insurance Company
08.2017 - 08.2019
- Managed the identification and evaluation of the organization's audit risk areas and provided significant input to the development and execution of a risk-based annual audit plan
- Communicated the results of audit and consulting projects via written reports and oral presentations on a timely basis to Management and the Audit Committee
- Ensured compliance with statutory regulations, company policies, governance, control, and risk processes
- Project Manager on the ACL GRC Audit Management system implementation across the MFS Group
Acting Chief Risk & Audit Officer
Madison Financial Services PLC
10.2017 - 10.2018
- Oversaw the activities of the Audit and Risk Teams across the Group regarding planning, execution, and reporting of assignments in compliance with the International Professional Practices Framework (IPPF) standards
- Identified and timely reported on risks and appropriate mitigations to the five (5) Audit and Risk Committees of the Group
- Spearheaded and implemented Risk Management Frameworks and Policies across the Group
- Maintained constant liaison with Risk Owners and Department Heads and kept abreast of emerging risks
- Provided mentorship and coaching to audit and risk teams across the MFS Group
- Reviewed all audit and risk assignments before engaging with Senior Management to agree on corrective actions
Assistant Audit Manager
Madison Finance Company Ltd
01.2015 - 07.2017
- Executed audit assignments per the annual internal audit plan
- Represented Internal Audit on organizational project teams, at Management, Board meetings, and engagements with external organizations and consultants
- Performed ad-hoc assignments on request from Management and the Audit Committee
- Reviewed current policies and procedures to ensure relevance and adherence to industry good practice
Audit Associate
Madison Finance Company Ltd
01.2014 - 12.2014
- Executed audit assignments i.e
- Preparing working papers for the audit, producing internal audit reports
- Carried out engagement meetings and exit conferences with unit managers
- Conducted follow-ups on audit issues raised for timely implementation through implementation dashboards
- Provided significant input to the formulation of the Audit Universe, Annual Internal Audit Plan, and Risk Register
Audit Associate
Enosyst Associates Ltd
01.2013 - 12.2013
- Preparation of audited financial statements
- Performing other accounting-related functions such as posting entries into various systems (pastel accounting) and statutory returns
- Prepared and submission of statutory returns
- Performed payroll reconciliations
Education
Master of Business Administration -
University of South Wales
01.2022 - 04.2024
Bachelor of Accountancy - undefined
The Copperbelt University (CBU)
01.2009 - 04.2012
General Certificate of Education -
Hillcrest National Technical High School
Livingstone 01.2005 - 04.2007
Skills
- Risk Management
- Internal Controls
- IPPF framework
- Microsoft Office applications
- TeamMate Audit Management System (TM)
- Audit Command Language (ACL)
- Analytics and GRC systems
- Temenos (T24) MCB
Certification
- Certified Internal Systems Auditor (CISA), Information Systems Audit and Control Association (ISACA), 06/2024, Present
- Empowering UN System Agents of Change for Gender Equality, 2024
- Gender and Organizational Change, 2023
- PECB Certified ISO 31000 Lead Risk Manager, 2023
- Advanced ACL Concepts and Techniques Scripting, 2023
References
- Mr. Kabila Ilunga, Group Risk & Audit Officer, Madison Financial Services Plc, kabila@lsa.co.zm, 0971268854
- Mrs. Maggie Mapulanga, Senior Internal Auditor, Bank of Zambia, P.O Box 30080, Lusaka, Lusaka, 30080, Zambia, mmapulanga@boz.zm, 0966800409
- Mr. Hezron Musonda, Executive Director and Chief Financial Officer, Zambia Sugar Plc, P.O Box 670240, Mazabuka, Southern, 670240, Zambia, HMusonda@zamsugar.zm, 0976750864
Affiliations
- ACCA
- ZICA
- IIA
Accomplishments
- Successfully uncovered frauds and provided recommendations that assisted the organization to seal revenue leakages.
- Participated in organisational compliance with new regulations.
Timeline
Master of Business Administration -
University of South Wales
01.2022 - 04.2024
Internal Auditor
Bank of Zambia
09.2019 - 01.2025
Acting Chief Risk & Audit Officer
Madison Financial Services PLC
10.2017 - 10.2018
Manager - Risk & Assurance
Madison Life Insurance Company
08.2017 - 08.2019
Assistant Audit Manager
Madison Finance Company Ltd
01.2015 - 07.2017
Audit Associate
Madison Finance Company Ltd
01.2014 - 12.2014
Audit Associate
Enosyst Associates Ltd
01.2013 - 12.2013
Bachelor of Accountancy - undefined
The Copperbelt University (CBU)
01.2009 - 04.2012
General Certificate of Education -
Hillcrest National Technical High School
01.2005 - 04.2007
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