• Application Deadline: Thu, 15 Feb 2024 00:00:00 GMT
• Position: Head, Internal Audit & Compliance


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 5 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

Job Summary

• The Head of Internal Audit & Compliance is responsible for the development, management and evaluation of internal control systems in the Bank.


• The Internal auditor develops and implements the annual internal audit program and ensures that the audit objectives are met.


• The job holder provides reasonable assurance on the effectiveness and strength of internal controls.

Duties and Responsibilities

• Develops an annual risk-based internal audit plan and oversees the implementation of the approved plan


• Ensures methodical documentation of work plans, testing results, conclusions, and recommendations, and ensures follow-up on findings and corrective actions.


• Provide technical assistance with investigations and special audits, and provide subject-matter expertise as needed.


• Remains current on audit regulatory oversight trends and develops a risk-based approach incorporated into the annual audit plan.


• Performs regular bank-wide risk assessment to identify significant risks or exposure related to internal controls or compliance with regulatory requirements, efficiency of operations, and accuracy of financial reporting.


• Provides feedback and recommendations on business risks and improves operational efficiencies and processes where appropriate.


• Directs the work of external auditors to ensure the audit work remains within the prescribed guidelines.


• Coordinates and assists with the preparation of Audit Committee materials and participates in audit committee meetings


• Investigates and reports to the Audit Committee on activities reported through the Hotline/Whistleblower processes and assists in investigations.


• Initiates policy and process reviews, including ensuring they are up-to-date with all legislations and best practices


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


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


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


• Implements the anti-fraud campaign and assesses compliance


• Prepares monthly regulatory renditions and returns


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

Qualifications

• HND / B.Sc. in IT, Information Systems, Mathematics, Accounting, Banking and Finance or a related field


• Evidence of completion or exemption from NYSC


• Evidence of ICAN certification is an added advantage


• Evidence of completion of the Microfinance Certification program

Experience:

• A minimum of five (5) years experience in Internal Audit in a Microfinance Bank, financial institution or audit firm


• Prior managerial experience in a similar role or capacity


• In-depth knowledge of Internal control framework for the Microfinance Industry

Skills:

• Strategy planning and implementation


• Organization and time management abilities


• Leadership, team management and mentoring


• Outstanding communication and people skills


• Extensive knowledge of all regulatory policies and procedures


• Proficient writing and delivery of presentations and documentation


• Risk Management techniques


• Proficient writing and delivery of presentations and documentation


• A logical approach to identifying and evaluating issues and problem-solving


• Meticulous attention to detail and accuracy


• Ability to multi-task and meet tight deadlines


• Ability to interact with senior management and stakeholders, including regulators


• Proficient in the use of MS Office Suite


• Unquestioned personal integrity with strong ethics and values.