• Application Deadline: Fri, 31 Mar 2023 00:00:00 GMT
• Position: Senior Internal Auditor


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 5 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

Summary

• The Senior Internal Auditor will ensure the effectiveness and efficiency of the company’s operations and the integrity of information by serving as a watchdog, assurance provider, consultant, or whistleblower over its operations and activities.

Responsibilities

• This function supports the Head of Internal Audit dept. in discharging the following tasks or performing the following activities:


• Assisting the Head of Internal Audit in conducting risk-based audit for all departments and units based on approved Internal Audit Plan by the board audit committee (BAC).


• Developing the company’s Internal Audit Framework including policies and procedures in line with local and international best practice standards. 


• Participating actively in the design and integration of control frameworks into the company’s business processes and systems.


• Conducting periodic checks to test the effectiveness of the company’s internal control mechanisms and reporting observed weaknesses.


• Conducting investigations/forensic analyses into suspected procedural breaches and fraudulent practices across the company and determine/recommend the appropriate line of action to the chief executive officer (CEO) and (BAC) in response to findings.


• Reviewing and monitoring, periodically, test keys, codes, list of authorized signatories, approval limits, and other security devices to prevent fraudulent practices and security breaches. 


• Triggering the execution of spot checks on transactions and activities as well as performing hot reviews of the dept.’s staff activity.


• Highlighting and flagging duplications, revenue leakages, and weaknesses across the company.


• Advising and providing opinion to management and board on good governance and best practices in internal control.


• Staying abreast of industry trends, events, issues and developments to assist/enable the development and implementation of appropriate control measures, monitoring mechanism as well as their continuous update/revision.


• Ensuring compliance with adopted corporate governance practice and approved operational policies and procedures.


• Co-coordinating depts.’ activities to ensure timely implementation of audit/review points raised by external auditors for all funds under management and company accounts.


• Continuously reviewing depts.’ activities and making recommendations for improvement to the business.


• Preparing and submitting periodic activity/management reports to the CEO and BAC on the activities of the dept. 


• Serving on committees or cross-functional teams and performing other duties as assigned by the CEO, or BAC.

Specifics

• Conducting reviews of the activities of the various depts. and units in the organization.


• Reviewing periodically, reconciliation statements and proofs (stocks, bonds, cash advance, bank accounts (funds and company’s), benefits’/retirees’ payments, etc.), and monitoring of resolution of non-reconciling items.


• Reviewing the organization’s general ledger and associated transactions.


• Monitoring of exception(s) on Portfolio Valuation Reports.


• Reviewing deposits’ maturities on periodic basis.


• Reviewing statutory and non-statutory (agreed) rates on applications on periodic basis.


• Reviewing access rights, activity or systems’ logs, Antivirus and Anti-Spyware compliance, and parameter settings (network and applications).


• Reviewing corporate action events’ (bonuses and dividends) declaration and capture.


• Exception monitoring, reporting and administration (i.e., contribution schedules, bank account, Admin. Fee review, etc.).


• Conducting branch and office location inspection on periodic basis.


• Conduction annual ISO 27001:2013 internal audit reviews in preparation for surveillance audit and re-certification audit by External Auditors.


• Reviewing Unprocessed Monies Proof and benefits payment reconciliation statement on monthly basis.


• Conducting associated third-party reviews (custodian(s) and Montgomery Vault) on periodic basis.


• Implementation status reviews and communication with related parties on audit findings and queries to resolve issues.


• Monthly RSA Funds’ Admin. Fee and Management Fee Review. This includes scoping, report generation and review of shortfall and refunds (states and inter fund).


• Callover of postings into the application against supporting documents.


• Reviewing and responding to external auditors' confirmations.


• Updating of management and BAC reports.


• Monitoring and reporting on test restore exercise based on the company's disaster recovery plan.


• Ensuring controls exist to monitor compliance with regulatory requirements.


• Ensuring strict compliance with the firm’s policies, etc.


• Ensuring strict compliance with the organization’s Standard Operating Procedure and manuals, etc.


• Ensuring that working papers are comprehensively drawn, duly referenced and properly filed.


• Any other functions as assigned by the head of department.

Requirements

• Bachelor’s Degree in any discipline with a minimum of Second Class (Hons.) Upper Division. MBA would be an advantage.


• ACA, ACCA, CISA (Any, or a combination of these).


• Five years of relevant experience (post qualification).


• Good knowledge of the local and global financial service industry dynamics including regulations, legislations and operating environment.


• Ability to think strategically and holistically and to appreciate the systemic impact of various policies, issues, and solutions.


• Experience in building professional business relationships and dealing at a senior level appropriate for a leader of a critical function.


• Excellent working knowledge of Internationally accepted accounting and audit standards and procedures.


• Test and sampling methods involved in conducting audits.


• Risk management methodologies.


• Corporate governance procedures. 


• Process engineering.


• Strong problem solving and analytical abilities. 


• Expert knowledge of fraud behavior and detection methodologies 


• Demonstrated superior understanding of non-banking financial service operations, policies, and procedures.


• Strong problem-solving and analytical abilities. 


• High integrity level and excellent decision-making ability.


• Exceptional attention to detail. 


• Good leadership, coaching, mentoring, and supervision skills.


• Excellent communication, interpersonal, presentation, and facilitation skills.


• Self-motivated with a strong drive, and commitment to achieving agreed objectives.