Keystone Bank is a full service commercial bank wholly owned by the Asset Management Corporation of Nigeria (AMCON) and was granted banking license on August 5, 2011, by the Central Bank of Nigeria (CBN). The Bank has met and exceeded all capital and capital adequacy requirements of the CBN and assumed the deposit liabilities, certain other liabilities and assets of former Bank PHB Plc, following the revocation of the erstwhile bank's operating License by the CBN.
Keystone Bank is recruiting for the position of :
Job Tittle: Resident Internal Control Officer (RICO)
Duties And Responsibilities
For the assigned clusters/units:
Ensure Policy/Procedure/Regulatory Compliance on transactions or activities initiated by or to the assigned branches
Provide Control and Compliance Counseling, Advisory and Decision Support Service to the business units (SBUs) and strategic resource functions (SRFs).
Create and improve homogenous Compliance Culture in the branch that aligns with the control and business objectives of the Bank
Build strong KYC and KYC (B) compliance environment in the assigned business units
Ensure integrity of the transactions and GL accounts in the branch through daily review of the branches GL balance reports and other relevant adhoc and standard reports
Ensure that open items in the branch GL accounts are current and reflect the true nature of the products recorded therein. Any major deviation from the standard must be escalated following the appropriate escalation procedure
Ensure prompt and qualitative rendition of relevant returns and reports as may be required by the Zonal Internal Controller/Regional Control Manager which will include among others: Critical Control Issues Report, Adhoc Unusual Incidence Report, Report on proof review and other assets ageing and provision in standard approved format etc
Institute and enforce aggressive Revenue Assurance and Cost reduction Strategies/Tactics for branches/products under your purview to ensure zero% income leakages
Ensure prompt resolution of all open issues in the Internal Audit Report, Management letter, Regulatory Examiners Report and other Statutory Examiners Report involving branches under your purview.
Ensure capturing of all KYC documentation into all customers’ accounts in the Core Banking Applications through the regular review of Account opening and documentation both on the file and on the system.
Daily Independent Call Over of all qualifying Transactions within 24 hours of posting and where practicable online same day and as may be advised to you from time to time
Daily Review of all System Generated Override Message/Exception Reports to ensure that appropriate approvals were obtained for it and that they are valid transactions
Daily Reconciliation of CBN/Other bank Correspondence accounts (Our Accounts) where Applicable
Daily Serial review for all Numbered forms (e.g MC, Deal slip, Draft, Form “M”, Form “A”, to ensure completeness and proper posting/funding of all cheques issued
Carry out other verifications as outlined in the Independent Verification Proof Chart of Internal Control for your office.
Log in all exceptions observed unto the Control Exception Manager
Outward and Inward Clearing review
Daily review of ATM cash reconciliation or any other related reviews to ensure any irregularities are discovered and escalated promptly. Sign off on any reversals regarding the ATM transactions done manually.
Review and monitoring of all e-banking related product reconciliation
Conduct Special Investigation as may be assigned from time to time
Conduct spot checks, stock taking and other functions as may be assigned from time to time.
Any other job that may be assigned by the ZICM or RICM. Copied: www.hotnigerianjobs.com
Key Performance Indicators
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 losses 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 branches in your zone.
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 branches 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. Copied: www.hotnigerianjobs.com
Qualifications
A good first degree from a reputable university (Preferably in Banking and Finance, Accounting, Economics or in other Social Science disciplines)
A relevant post graduate qualification or higher degree (e.g. MBA, MSC) will be an added advantage
Professional qualifications such as ACA, ACCA, ACIB, CFA, CISA is desirable
Attention to Details. Copie: www.hotnigerianjobs.com
Performance Under Pressure
Problem Solving
Independent Minded.
Interpersonal relationship
Multi Disciplinary disposition
Multi tasking disposition
Satisfactory Customer Service Disposition
Analytical and Investigation Skills
Auditing Skills
Accounting Skills
Banking Operations/Credit (Domestic and Foreign) Skills
Comprehensive Treasury skills
Fraud and Operational risk knowledge
Policy and Regulation interpretation and implementation.
Oral and written Communication Skills
Banking, Insurance, and financial services knowledge.
Extensive Working Knowledge of Microsoft word, Excel and power point, Intranet Mailing facility and the core banking application of the bank.
Application Closing Date
1st August, 2013.
Method of Application
Qualified candidate should : Click here to apply