• Application Deadline:
• Position: Head, Internal Control & Audit


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 5 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

Main Purpose of the Job

• The objectives of the Head Internal Control/Compliance & implementation are to assure or enhance the reliability of financial reporting, effectiveness and efficiency of operations, and compliance with applicable laws and regulations.

Key Responsibilities

• Shall be responsible for conducting Internal Audits and overall function of the Bank. Managing External Stakeholders, Audit Committee and the Board of Directors.


• Rendition of Statutory Monthly and Quarterly Reports to external regulatory bodies and The Board of Directors


• Shall run the Department complying with guidelines of Core Risk Management as set by CBN.


• Keep constant follow-up on the resolutions of audit findings


• Adequate reporting of General Banking/ Credit/ Foreign Exchange and AML.


• Sound knowledge and compliance regarding different types of Circular of CBN and other Regulatory bodies and compliance of the circulars/ instructions accordingly.


• Address issues relating to the work of Risk, Legal & Compliance and other control related activities.


• Conducts risk assessments and provide update on risk management status of the company to mitigate identified risks.


• Execute Internal Audits on regular basis as per plan, policy & strategy approved by the Audit Committee and prepare timely Audit Reports for the Management, the Audit Committee and the Board of Directors of the Bank.


• Ensure adequate and effective internal control system and assist the


• Management in formulating pertinent policies and operational procedure of the company.


• Attend Quarterly Board Meetings and other regular meetings with the CEO and other members of staff


• Recommend security measures to prevent fraudulence and risk-reduction solution.

Key Performance Indicators (KPI)

• Fraud and Operational Losses within the prescribed loss tolerance limit


• Quantum of undetected regulatory/statutory infractions from Internal Audit,


• External Audit, CBN, NDIC, NDLEA, EFCC and other regulatory reports for the cluster.


• Quantum of undetected internal policy and procedure infractions from Internal


• Audit, External Audit, CBN, NDIC and other regulatory reports in the cluster.


• Quantum of undetected major exceptions from Internal Audit, External Audit, CBN, NDIC and other regulatory reports in the cluster.


• Quality and Timeliness of reporting losses (If any) and loss events reporting in branches in the cluster


• Magnitude of potential loss figures on branches GL accounts in the cluster.


• Overall Internal Audit rating of Internal Control in the Bank.


• Undetected Income leakage/P&L reversal arising from undetected processing errors in your cluster.


• Level and timing of usage of Control Exception Manager to records exceptions observed by branch controllers in your cluster


• Integrity of the GL accounts in banks in your cluster.


• Promptness, Accuracy and Validity of Exception Reporting//Rendition of all


• Control Activity Reports


• Exceptions observed in peer review, control adequacy checks and other internal control quality assurance checks administered on your cluster


• Gaps between the prescribed TAT and actual service delivery period.


• Level of implementation of Independent verification proof chart as it relates to your function


• Level of planned training for subordinates achieved


• Proficiency level on the bank general policies and procedures.


• Proficiency level on the bank core banking application Proficiency level on various office automation solution- excel, words, power points, etc.

Requirements

• Candidates should possess a Bachelor's Degree with at least 5 years relevant work experience.