• Application Deadline: Fri, 23 Dec 2022 00:00:00 GMT
• Position: Head, Internal Control and Audit


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 2 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

Role Summary

• The Head of Internal Audit and Controls plays a critical role in delivering the organization's objectives by objectively assessing the adequacy and effectiveness of governance and management of risks, giving an evidence-based opinion on all aspects of governance, risk management and internal control.


• Ensuring compliance with relevant laws and policies. The candidate must review and update all the business processes, evaluate the efficiency of the risk management processes; protect the organization against fraud and theft of its assets and make recommendations on how to improve processes and procedures. Evaluate internal control and make recommendations on how to improve


• The ideal candidate for this role will have clearly demonstrated strong leadership skills, results orientation and be able to interpret the corporate vision into growth strategies and profitable operations.

Responsibilities

• Lead, oversee and manage all areas of the Internal Control/Audit department’s dailyoperations to ensure KPIs are achieved; and build comprehensive and SMART goals for performance and growth.


• Review of operations to ensure compliance with policies and procedures as set by the Board as well as regulatory requirements.


• Evaluate operations or programs to ascertain whether results are consistent with established objectives and goals and whether the operations and programs are being carried out as planned.


• Perform consulting and advisory services related to governance, risk management and control as appropriate for the organization.


• Investigate deviations and irregularities.


• Report periodically to the Managing Director and Board, on the internal control and audit activity’s purpose, authority, responsibility and performance relative to its plan


• Design and prepare Audit Plan by applying a risk-based approach to ensure the organization complies with internal regulations and policies and established protocols.


• Develop and maintain the internal control and audit procedures to ensure that best practice is taken account of and that the established controls audits address specific areas of risk management.


• Undertake the approved internal audit plan in line with agreed procedures.


• Assess the suitability of current internal controls, making suggestions for improvements where needed.


• Prepare reports of audit findings and make recommendations to the business.


• Liaise with internal advisors and examines documentation, including reports, statements, records, and memos to gather information.


• Completes standard paperwork and questionnaires to confirm internal controls.


• Analyses audit results for adequate and effective “corrective actions” for management to improve.


• Evaluate financial documents for accuracy and compliance with federal regulations.


• Coordinate with functional teams for necessary training to the staff for the purpose of improving control adherence.


• Establish and develop relations with senior management and external partners and stakeholders.


• Any other duties and responsibilities which may be required to meet the objectives of MMFB.

Qualifications, Skills & Competencies

• A Degree in any other related field


• Relevant professional qualifications, e.g. ACA, ACCA, CISA, CIA.


• Minimum of 2 years in the advertised position within a commercial or microfinance bank


• Critical understanding in the establishment and operation of internal control mechanisms.


• Excellent problem-solving skills; analytical and structured in his/her thinking.


• Knowledge of data analytics, reporting and financial planning.


• Communication skills – verbal, non-verbal and written.


• Self-starter and very organized, with strong attention to detail.


• Extremely versatile, dedicated to efficient productivity and able to work efficiently and effectively across multiple teams.


• Must be up to date on industry rules, policies and guidelines and ensure compliance.


• A thorough understanding of microfinance performance metrics/indicators and the ability to interpret and process operations data.