Michael Makale
Chief Audit Executive
Professional Overview
Michael Makale is a seasoned finance and audit executive with over 30 years of experience leading complex operations, spearheading audit functions, and driving organizational growth and transformation. As the Chief Audit Executive at the Oregon State Treasury, he is responsible for overseeing the internal audit function and ensuring the integrity of the organization's financial reporting and risk management processes.
Experience Summary
Current Role
As the Chief Audit Executive at the Oregon State Treasury, Michael is responsible for establishing and maintaining a comprehensive internal audit program that aligns with the organization's strategic objectives. He provides independent and objective assurance, as well as advisory services, to the executive leadership team and the Board of Trustees. Under his leadership, the internal audit function has played a pivotal role in identifying and mitigating risks, promoting operational efficiency, and contributing to the overall financial well-being of the organization.
Career Progression
Prior to his current role, Michael held senior financial and audit positions at various institutions, including FSD Africa, WaFd Bank, Investment Climate Facility for Africa, Boston Private, and Federal Home Loan Bank of Des Moines. His diverse experience spans a range of sectors, including financial services, international development, and public administration. Throughout his career, Michael has demonstrated a proven track record of driving organizational change, implementing best-in-class audit practices, and delivering significant cost savings and operational improvements.
Academic Background
Michael holds a Bachelor's degree in Accounting from the University of Nairobi and is a Certified Public Accountant (CPA). He has also completed executive leadership programs at prestigious institutions, such as the Harvard Business School, further enhancing his strategic and management capabilities.
Areas of Expertise
- Internal audit and assurance services
- Financial management and reporting
- Risk assessment and mitigation
- Operational efficiency and optimization
- Compliance and regulatory frameworks
- Change management and organizational transformation
- Strategic planning and execution
Professional Impact
During his tenure at the Oregon State Treasury, Michael has spearheaded several high-impact initiatives, including the implementation of a robust data analytics program to enhance the internal audit function's capabilities, the redesign of the organization's risk management framework, and the optimization of the treasury's investment portfolio, resulting in significant cost savings and improved returns.
Conclusion
With his deep expertise in finance, audit, and organizational leadership, Michael Makale is a versatile and impactful executive who continually strives to drive operational excellence and deliver sustainable value for the organizations he serves. His commitment to continuous improvement and his ability to navigate complex challenges make him a valuable asset in his current role and a respected leader in the industry.
