• Application Deadline: Thu, 4 Apr 2024 00:00:00 GMT
• Position: Internal Control Officer


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience


• Location Lagos


• City Ikeja


• Job Field Finance / Accounting / Audit 
  

Description 

The responsibilities of an Internal Control Officer in a microfinance bank are critical to ensuring the institution's compliance, risk mitigation, and operational integrity:

• Conduct regular risk assessments to identify potential risks to the bank.


• Evaluate the impact and likelihood of identified risks.


• Prioritize risks and communicate findings to relevant stakeholders.


• Review financial records, operational processes, and internal controls to ensure compliance with policies and regulations.


• Prepare comprehensive control reports detailing findings and recommendations.


• Monitor the microfinance bank's adherence to regulatory requirements, internal policies, and industry best practices.


• Keep abreast of changes in regulations to ensure timely updates to internal controls.


• Implementing laid down strategies to detect and prevent fraud within the bank.


• Investigate and report on suspicious activities, recommending corrective actions.


• Collaborate to identify opportunities for process improvement and operational efficiency.


• Implement measures to enhance internal controls while maintaining streamlined operations.


• Maintain accurate and up-to-date documentation of internal control processes and procedures.


• Ensure that relevant stakeholders have access to the latest documentation.


• Prepare regular reports for management, summarizing key control metrics, audit findings, and recommendations.


• Communicate the results of internal audits and assessments to the appropriate stakeholders.


• Collaborate with different departments to ensure that internal controls are integrated into various operational processes.


• Track the implementation of corrective actions based on audit findings.


• Ensure that identified weaknesses or deficiencies are addressed promptly.


• Assess the effectiveness of information systems and technology controls.


• Ensure that technology-related risks are identified and mitigated.