Internal Audit Manager at a Reputable Microfinance Bank

Posted on Tue 20th Jan, 2015 - hotnigerianjobs.com --- (0 comments)

We are a Startup Microfinance Bank with a vision to promote financial inclusion in Nigeria by Leveraging on Technology.

We are currently recruiting for a dynamic, flexible and experienced candidate to fill the position below:

Job Title: Internal Audit Manager

Location: Lagos

Responsibilities

Analysis and appraisal of Individual credit requests in accordance with approved policies and procedures to ensure that credit exposures are created subject to stipulated guidelines
Responsible for providing support, direction, credit Information, and loan policies and procedures to ensure the overall quality of the Bank’s lending portfolio
Monitor the strict adherence to credit related regulations (Single obligor limits, aggregate large exposures etc.)
Timely review and approval/rejection of credit requests
Perform reviews for renewals/assessment of existing facilities performance and other credit related requests
Monitor the attainment of approved standards on credit portfolio management
Provision of information requested by regulatory and rating agencies
Preparation and rendition of all credit risk reports (weekly and monthly reports, credit exposures, performing and default loans etc)
Perform risk acceptance evaluation and assign risk rating in line with approved risk classification guidelines
Ensures proper documentation of individual exposure by adhering to set documentation standards and procedures
Define credit approval framework and recommend credit approval limits in line with bank policy
Oversee the realization of securities on lost facilities (Loan loss provision coverage)
Effective training of subordinates to achieve business continuity in the absence of the unit head
Calculating the Allowance for Loan Loss Reserve and making recommendations to executive management and the Board of Directors for monthly allocations to the Loan Loss Reserve.
Performs direct supervisory duties of department staff, and coordinates staff for coverage in all related areas of the unit.
Establish and monitor key risk indicators, as well as implement corrective action plans to mitigate risks
Analyze transactions, internal reports and financial information for potential fraud risks
Maintain reports of significant risks and recommendations
Create policies, procedures and control assessments in response to identified risks
Evaluate the effectiveness of the company's internal control framework in addressing risks and accomplishing the company’s goals and objectives
Provide training and technical support to management and employees regarding risk management strategies and programs
Identify, measure and report on liquidity risk.

Qualifications

At least a 2:1 University degree in Economics, Finance or any other discipline.
Master’s Degree is an added advantage.
Financial Services experience is a must preferably microfinance or lending experience
5 years relevant experience including at least 2 year(s) of senior management level experience in the field of Internal Audit/Risk management
Good communication, presentation, analytical, and reporting skills;
Experience in training loan officers preferable;
Strong analytical skills and good interpersonal skills;
Ability to deliver excellent results both working independently and as part of a team.

Application Closing Date
30th January, 2015.

Method of Application
Interested candidates should send applications to: [email protected] using the position they are applying for as the title of their email.

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