• Application Deadline:
• Position: Team Lead, Control Standards & Monitoring


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 10 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

Job Description

• Coordinates and supervises activities of control standards and monitoring officers


• Support the development and maintenance of internal control framework, policies, and procedures


• Assist in the implementation of the Internal Control Framework and Fraud Risk Management Framework in the bank


• Preparation and review of annual internal control strategy and plan.


• Support the bankwide COSO adoption exercise led by Head, Control Techniques & Standards and follow up with all stakeholder departments to ensure their compliance


• Coordinates the reviews and updates of test plans in control review template to ensure changes made to head Office/branch processes and controls are reflected in the current procedure.


• Review the Risk Rating of branches, Head Office, and Subsidiaries to determine frequency of reviews and areas of focus for Control Officers


• Facilitates stakeholder engagements for process control changes and enhancements for implementation


• Maintains uniform standard on control documentations across branches and Head Office departments.


• Support the Head Control Techniques & Standards in change management efforts for control enhancements


• Develop communication materials in respect of process changes and control enhancement for internal and external stakeholders


• Periodic SOP review and update activities to ensure documentation of all controls in the bank’s systems, processes, and products


• Reviews exceptions noted per branch/cluster/regions/departments to determine effectiveness of controls and need for control enhancements.


• Periodically engage Control Managers to determine specific issues faced during control reviews for insight and process improvement.


• Identify root cause of control breaches with a view to recommending permanent solution that will forestall re-occurrence.


• Arrange and facilitate stakeholder’s engagement to determine effective resolution for issues identified.


• Monitor remediation phases of control gaps to ensure resolution within agreed timelines.


• Supervise walkthrough of remediated processes (post remediation).


• Review of implemented controls and ensure prompt update of the standard operating procedure.


• Develop and review control review templates for departments assigned by Head Control Techniques & Standards


• Coordinate the conduct of control awareness programmes for Control Officers to ensure standardization of control and monitoring activities and reduce knowledge gap among control officers in different teams


• Coordinate the conduct of control awareness programmes for all bank and subsidiaries’ staff and processors to improve control consciousness


• Review e-flyers contents for control training and awareness on topical issues and engage M&CC department for design and deployment bankwide


• Supervise quality assurance review of control officers’ uploads from review visitations and validate quality and timeliness scores


• Support Head, Control Techniques & Standards in reviewing product papers and recommending for approval after ensuring adequate control are instituted in the bank and subsidiaries’ various products and processes


• Assist Head, Control Techniques & Standards in periodic risk rating of branches, Head Office departments, strategic resource functions and the bank’s processes to ensure adequacy of control reviews, visitation, and resource allocation.


• Draft communication to stakeholders affected by internal control changes and obtain approval to disseminate


• Supervise quality assurance review, collation and reporting of Control Compliance Rating Scores, Operational Risk Rating and other scorecard inputs and obtain Head, Control Techniques & Standards’ approval before submission to BPM.


• Determine timeliness and quality of control officers’ report in line with methodology approved by Head, Control Techniques & Standards


• Provide the relevant data and support for Head Control Techniques & Standards in the risk-based assignment of control officers to oversight areas


• As part of the Bank’s Information Security requirements, maintain the security of all Information entrusted to the staff and comply with the principles and policies in the Information Security Handbook


• Support in driving ICEG project implementation and coordinate and track projects of other units.

Challenges:

• Coping with rapidly expanding branch network and product mix in an ever changing banking landscape. 


• Dynamic and unpredictable risk environment


• Dealing with rapidly changing technological challenges and constraints.

Job Requirements

Education:

• Minimum Education: B.Sc / HND in any relevant discipline (Accounting, Economics and any other related field)


• ICAN / ACCA / CISA qualification will be an added advantage

Experience:

• Minimum experience – Ten years relevant working experience.