Group Head, Internal Control/Audit in a Leading Commercial Bank - EDD Consulting

EDD Consulting - Our client, a regional commercial bank with a vision to create value for its stakeholders through its superior knowledge of the market, operational excellence and a culture of integrity in the Nigerian Financial services Industry, seeks to recruit a suitable person, exhibiting its values of Professionalism, Superior Service and Innovation to fill the position of:

Job Title: Group Head, Internal Control/Audit

Location: Nigeria

Job Description

Internal Control:

• Oversee the implementation of effective and efficient control techniques that will ensure compliance with policies, procedures, plans, laws and regulations.
• Provide guidance and leadership to subordinates to ensure effective execution of the group's activities through training and two way communication.
• Anchor the continuous review of all policies and process manuals to ensure that control measures effectively reflect the bank's approval and set standards.
• Significantly improve the control process and environment influenced by the extent to which individuals recognize that they will be held accountable for their actions/inactions and failures.
• Drive process improvement and optimization within the Internal Control space.
• Create and maintain and ensure implementation of risk control matrices and internal control test plans.
• Ensure proper documentation of existing Internal Controls and Policies.
• Effectively communicate control failures and deficiencies to appropriate levels.
• Safeguard Assets and Liabilities (tangible and intangible) of the bank and also curb income leakages.

Internal Audit:

• Develop and oversee the implementation of the Bank's Corporate Audit Strategy.
• Ensure adequate assessment of risks and controls relating to bankwide operational activities.
• Develop Inspection programs and procedures for all experience centres (branches) and departments in the bank.
• Ensure violations of bank's operational procedures are properly investigated and recommendations on appropriate preventive/remedial action are implemented.
• Identify operational policy gaps and proffer improvement and enhancement initiatives.
• Carry out pre &post implementation review of control policies with respect to banking products and projects.
• Ensure staff are sensitized on learning points gathered from investigated frauds, forgeries and other irregularities.
• Ensure operational compliance with existing policies and procedures.
• Provide regular accurate and objective reports/updates for management attention.
• Initiate spot checks/reviews when necessary.
• Liaise with External Auditors.

Minimum Education Qualification

• A first degree preferably in a numerate discipline.
• A relevant/recognized post graduate qualification and professional qualification such as ACA/ACCA is desirable.
• Work Experience.
• A minimum of 10 years experience in the financial management/accounting function, 5 of which must have been in a senior position within the audit function.

Required skills:

• Cognate/Practical experience in Functional Banking areas such as: Operations, Credit Risk Management & Controls, Treasury & Treasury Operations and International Operations
• Sufficient knowledge of key areas: governance, risk & control; information technology; ethics and fraud, regulation & legal; accounting & finance.
• General multi Corporate Finance and Financial Strategy Knowledge
• Fraud and Operational risk knowledge.
• General Treasury Knowledge.
• Policy Development & Financial Reporting Knowledge
• General Capital Market Operations Knowledge
• Oral and written Communication Skills
• Product/Market Competencies
• Analytical and Problem Solving Skills
• Auditing and Investigation Skills
• Financial Accounting Skills
• Comprehensive Credit Skills
• Leadership/Supervisory Skills
• Team Building/ Conflict Management Skills
• Policy and Regulatory Interpretation skill and Implementation capability.
• Extensive Working Knowledge of Microsoft word, Excel and power point and Intranet
• Interpersonal Skills

Application Closing Date
Not Stated.

Method of application
Interested and qualified candidates should:
Click here to Apply