• Application Deadline: Thu, 13 Jul 2023 00:00:00 GMT
• Position: Head of Internal Control


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 5 years


• Location Lagos


• City Amuwo Odofin


• Job Field ICT / Computer 
  

Job Summary:

• The Head of Internal Control is responsible for the development and implementation of the Internal Control framework of the Bank.


• The job holder will develop policies and procedures and monitor compliance in line with external regulations.

Duties and Responsibilities:

• Developing, reviewing, and implementing compliance policies, programs, and procedures


• Using problem solving and critical thinking skills to quickly identify internal control deficiencies, evaluate their risk implications, and draw the appropriate conclusions


• Developing and executing internal audit activities, consult with management on strategic plans and other business matters, and anticipate emerging risks


• Participating in decision making with senior engagement management, provide meaningful insights, and seek to understand the broader impact of current decisions


• Documenting and testing business process and IT controls that support key financial operations


• Evaluating control deficiencies, and monitoring remediation actions, timelines, and progress


• Maintaining current knowledge of laws, regulations, procedures, and policies governing the Bank


• Lead the setup of the enterprise risk assessment for the bank and developing a risk log


• Take responsibility for the Bank’s annual control work program using the internal control framework within the Bank


• Ensure appropriate level of communication is maintained on Internal Control matters to support the framework and ensure appropriate ownership and accountabilities from management and managers.


• Develop adequate training material on the internal control objectives, approach and methodology.


• Conduct follow-up reviews of financial, operational, or regulatory compliance deficiencies noted during audits.


• Prepares monthly exception reports and presents to the Managing Director


• Ensures capital & revenue expenditure complies with policies and approval limits


• Ensure compliance of loans disbursement to credit policies


• Implements the anti-fraud campaign and assess compliance


• Prepares monthly regulatory renditions and returns


• Flexibility to carry out any other task as requested by Management.


• Any other task assigned by the Managing Director.

Qualifications

• HND / B.Sc in Accounting


• ICAN Certified


• Evidence of completion/ exemption of/from NYSC


• Evidence of completion of Microfinance Certification program.

Experience:

• Minimum of five (5) years’ experience in Internal Control in a microfinance bank or financial institution.


• Prior managerial experience in similar role or capacity


• In-depth knowledge of Internal control framework for the Microfinance Industry/Commercial banking.