Head, Internal Control and Compliance at a Reputable Microfinance Bank - Catilas Resources Limited

Catilas Resources Limited - Our client, a reputable Microfinance Bank situated in Ogba, Lagos State, is recruiting to fill the position below:

Job Title: Head, Internal Control and Compliance

Location: Lagos
Employment Type: Full time

Job Description

• Our client is seeking to employee a competent and experienced personnel to Head Internal Control and Compliance department.
• ideal candidate will be responsi le for developing, managing and evaluating internal control system of the Bank.

Responsibilities

• Development, management and evaluation of internal control systems in the Bank.
• Develops and implements the annual internal audit program and ensures that the audit objectives are met.
• Provides reasonable assurance on the effectiveness and strength of internal controls.
• Develops an annual risk-based internal audit plan and oversee the implementation of the approved plan.
• Ensures methodical documentation of work plans, testing results, conclusions and recommendations and ensures follow up on findings and corrective actions.
• Provide technical assistance with investigations, special audits, and provide subject-matter expertise as needed.
• Remains current on audit regulatory oversight trends and develop a risk-based approach incorporated into the annual audit plan.
• Performs regular bank-wide risk assessment to identify significant risks or exposure related to internal controls or compliance with regulatory requirements, efficiency of operations, and accuracy of financial reporting.
• Provides feedback and recommendations on business risks and improving operational efficiencies and processes where appropriate.
• Directs the work of external auditors to ensure the audit work remains within the prescribed guidelines.
• Coordinates and assist with the preparation of Audit Committee materials and participate in audit committee meetings.
• Investigates and report to the Audit Committee on activities reported through the Hotline/Whistleblower processes and assist in investigations.
• Initiates policy and process reviews including ensuring they are up to date with all legislations and best practices.
• Using problem solving and critical thinking skills to quickly identify internal control deficiencies, evaluate their risk implications, and draw the appropriate conclusions.
• Lead the setup of the enterprise risk assessment for the bank and developing a risk log.
• Conduct follow-up reviews of financial, operational, or regulatory compliance deficiencies noted during audits.
• Implements the anti-fraud campaign and assess compliance.
• Prepares monthly regulatory renditions and returns.
• Flexibility to carry out any other task as requested by Management.
• Ensuring that the bank’s risk identification and assessment lies on sound and reliable frameworks and systems.
• Developing and overseeing adherence to methodologies, guidance and standards applicable to risk identification and assessment frameworks.
• Coordinating and managing risk assessment campaign.
• Developing and implementing methodologies and frameworks to identify and assess certain types of risks. Analyze and classify risks (frequency / potential severity) and measure financial impact of risk on the company.

Requirements

• HND / B.Sc / in IT, Information Systems, Mathematics, Accounting, Banking and Finance or a related field.
• Evidence of completion/ exemption of/from NYSC.
• Evidence of completion of Microfinance Certification program.
• Minimum of five (5) years’ experience in Internal Audit in a Microfinance Bank, financial institution or an audit firm.
• Prior managerial experience in similar role or capacity.
• In-depth knowledge of Internal control framework for the Microfinance Industry.
• Strategy planning and implementation.
• Organization and time management abilities.
• Leadership, team management and mentoring.
• Outstanding communication and people skills.
• Extensive knowledge of all regulatory policies and procedure.
• Proficient writing and delivery of presentations and documentation.
• Risk Management techniques.
• Proficient writing and delivery of presentations and documentation.
• Logical approach to identifying and evaluating issues and problem solving.
• Meticulous attention to detail and accuracy.
• Ability to multi task and meet tight deadlines.
• Ability to interact with senior management and stakeholders, including regulators.
• Proficient in the use of MS Office suit.
• Unquestioned personal integrity with strong ethics and values.

Application Closing Date
Not Specified.