Accion Microfinance Bank Limited - Established in 2006, began operations in May 2007 on license from the Central Bank of Nigeria. Our management team comprises seasoned and distinguished professionals from diverse backgrounds complemented by the expertise of our technical partners, ACCION International. At Accion Microfinance Bank our core values, business philosophy and methodology distinguish us as one of the leading microfinance banks in Nigeria.
We are recruiting to fill the position below:
Job Title: Head Internal Audit
Location: Lagos
Job Type: Full Time
Job Description
Responsible to the Audit committee of the Board, Head Internal Audit has the responsibility for setting the strategic direction for Internal Audit Department.
He/she is charged with the mandate to ensure quarterly audit of and report on all activities of ACCION Microfinance Bank in accordance with acceptable audit standards and approved audit procedures.
Job Responsibilities
Ensure that a yearly audit plan covering all Bank risk areas is in place, approved and followed
Execute detailed audit procedures, including review of transactions, documents, records, reports, policies and procedures for accuracy and effectiveness
Coordinate periodic reviews of the Bank organizational and functional activities (Departments and Branches) and submission of reports on same to audit committee of the board
Prepare work-papers which record and summarize audit procedures performed
Evaluating the adequacy and effectiveness of management controls over those activities
Follow-up to determine compliance with audit recommendations and adequacy of corrective actions
Responsible for directing, on the job- training, and supervision of the audit staff
To perform or assist in the performance of special reviews at the request of management. (Investigation)
Special duties and projects as may be assigned by the board or MD/CEO
Prepare a quarterly audit report and submit to Board Audit & Compliance Committee for review
Carry out regular substantive and compliance test on all activities of the Bank
Carry out Fixed asset and stock of stationery review of the bank for existence, recognition, diminution and cost control or reduction
Provide assistance to external auditors and regulatory bodies as requested
Investigation of all frauds and other required cases and reporting on all to the appropriate quarters
Coordinating and supervision of spot checks, compliance assessment and audit follow up
Ensuring Internal Audit is closely aligned with industry best practices in executing the duties across the functional operations of the bank
Actively participating in the review of the bank's policies, procedures and process manuals from time to time
Participate in all management meetings
Design the strategic focus and goals of the department in alignment with the bank's overall strategy and focus
Supervise and support the staff in Internal Audit unit in their roles of implementing all activities of internal audit strategies and tactics to support the overall achievement of the department's and bank's goals
Ensure efficiency and high quality of work in the department
Ensure that the department maintains up-to-date and accurate records of audit performance at all time
Prepare and deliver timely reports and updates to the Board Audit committee and the MD where required
Set annual performance goals of staff under supervision, guide coach and monitor performance of same, and execute annual performance evaluations and reviews of the department's staff
Qualification & Experiences
Bachelor's degree or its equivalent in Business, Accounting, Finance, Economics or related area of study
Professional certification in accountancy (ACA, ACCA)
Minimum of 15 years work experience in audit and internal control in banking sector essential