Senior Internal Auditor at ARM Pension Managers (PFA) Limited

ARM Pension Managers (PFA) Limited is one of the first seven Pension Fund Administrators (PFA) granted license by the National Pension Commission in December 2005. It is part of the Asset & Resource Management Company Limited (ARM) Group, one of Nigeria’s most prominent and respected financial service brands. We have pre-eminent reputation in Investment Management, Research and Pension Fund Management.

We are recruiting to fill the position below:

Job Title: Senior Internal Auditor

Location: Lagos
Employment Type: Full Time
Department: Internal Audit

Summary

• The Senior Internal Auditor will ensure the effectiveness and efficiency of the company’s operations and the integrity of information by serving as a watchdog, assurance provider, consultant, or whistleblower over its operations and activities.

Responsibilities

• This function supports the Head of Internal Audit dept. in discharging the following tasks or performing the following activities:
• Assisting the Head of Internal Audit in conducting risk-based audit for all departments and units based on approved Internal Audit Plan by the board audit committee (BAC).
• Developing the company’s Internal Audit Framework including policies and procedures in line with local and international best practice standards. 
• Participating actively in the design and integration of control frameworks into the company’s business processes and systems.
• Conducting periodic checks to test the effectiveness of the company’s internal control mechanisms and reporting observed weaknesses.
• Conducting investigations/forensic analyses into suspected procedural breaches and fraudulent practices across the company and determine/recommend the appropriate line of action to the chief executive officer (CEO) and (BAC) in response to findings.
• Reviewing and monitoring, periodically, test keys, codes, list of authorized signatories, approval limits, and other security devices to prevent fraudulent practices and security breaches. 
• Triggering the execution of spot checks on transactions and activities as well as performing hot reviews of the dept.’s staff activity.
• Highlighting and flagging duplications, revenue leakages, and weaknesses across the company.
• Advising and providing opinion to management and board on good governance and best practices in internal control.
• Staying abreast of industry trends, events, issues and developments to assist/enable the development and implementation of appropriate control measures, monitoring mechanism as well as their continuous update/revision.
• Ensuring compliance with adopted corporate governance practice and approved operational policies and procedures.
• Co-coordinating depts.’ activities to ensure timely implementation of audit/review points raised by external auditors for all funds under management and company accounts.
• Continuously reviewing depts.’ activities and making recommendations for improvement to the business.
• Preparing and submitting periodic activity/management reports to the CEO and BAC on the activities of the dept. 
• Serving on committees or cross-functional teams and performing other duties as assigned by the CEO, or BAC.

Specifics

• Conducting reviews of the activities of the various depts. and units in the organization.
• Reviewing periodically, reconciliation statements and proofs (stocks, bonds, cash advance, bank accounts (funds and company’s), benefits’/retirees’ payments, etc.), and monitoring of resolution of non-reconciling items.
• Reviewing the organization’s general ledger and associated transactions.
• Monitoring of exception(s) on Portfolio Valuation Reports.
• Reviewing deposits’ maturities on periodic basis.
• Reviewing statutory and non-statutory (agreed) rates on applications on periodic basis.
• Reviewing access rights, activity or systems’ logs, Antivirus and Anti-Spyware compliance, and parameter settings (network and applications).
• Reviewing corporate action events’ (bonuses and dividends) declaration and capture.
• Exception monitoring, reporting and administration (i.e., contribution schedules, bank account, Admin. Fee review, etc.).
• Conducting branch and office location inspection on periodic basis.
• Conduction annual ISO 27001:2013 internal audit reviews in preparation for surveillance audit and re-certification audit by External Auditors.
• Reviewing Unprocessed Monies Proof and benefits payment reconciliation statement on monthly basis.
• Conducting associated third-party reviews (custodian(s) and Montgomery Vault) on periodic basis.
• Implementation status reviews and communication with related parties on audit findings and queries to resolve issues.
• Monthly RSA Funds’ Admin. Fee and Management Fee Review. This includes scoping, report generation and review of shortfall and refunds (states and inter fund).
• Callover of postings into the application against supporting documents.
• Reviewing and responding to external auditors' confirmations.
• Updating of management and BAC reports.
• Monitoring and reporting on test restore exercise based on the company's disaster recovery plan.
• Ensuring controls exist to monitor compliance with regulatory requirements.
• Ensuring strict compliance with the firm’s policies, etc.
• Ensuring strict compliance with the organization’s Standard Operating Procedure and manuals, etc.
• Ensuring that working papers are comprehensively drawn, duly referenced and properly filed.
• Any other functions as assigned by the head of department.

Requirements

• Bachelor’s Degree in any discipline with a minimum of Second Class (Hons.) Upper Division. MBA would be an advantage.
• ACA, ACCA, CISA (Any, or a combination of these).
• Five years of relevant experience (post qualification).
• Good knowledge of the local and global financial service industry dynamics including regulations, legislations and operating environment.
• Ability to think strategically and holistically and to appreciate the systemic impact of various policies, issues, and solutions.
• Experience in building professional business relationships and dealing at a senior level appropriate for a leader of a critical function.
• Excellent working knowledge of Internationally accepted accounting and audit standards and procedures.
• Test and sampling methods involved in conducting audits.
• Risk management methodologies.
• Corporate governance procedures. 
• Process engineering.
• Strong problem solving and analytical abilities. 
• Expert knowledge of fraud behavior and detection methodologies 
• Demonstrated superior understanding of non-banking financial service operations, policies, and procedures.
• Strong problem-solving and analytical abilities. 
• High integrity level and excellent decision-making ability.
• Exceptional attention to detail. 
• Good leadership, coaching, mentoring, and supervision skills.
• Excellent communication, interpersonal, presentation, and facilitation skills.
• Self-motivated with a strong drive, and commitment to achieving agreed objectives.

Application Closing Date
3rd March, 2023.