Internal Control Officer / Compliance at a Microfinance Bank - Fadac Resources and Services Limited

Fadac Resources and Services Limited - Our client is a private sector led Tier 1 Microfinance Bank that provides a versatile range of financial services to low-income group, micro, small and medium enterprises, self-employed with entrepreneurial skills.

They are recruiting to fill the position below:

Job Title: Internal Control Officer / Compliance

Location: Ikeja, Lagos
Employment Type: Full-time

Role Overview

• We are seeking an experienced Internal Control and Compliance Officer to ensure adherence to regulatory requirements, internal policies, and best practices within our microfinance bank.
• The ideal candidate will have a strong background in Bank One and microfinance banking operations, ensuring robust internal controls and compliance mechanisms.

Responsibilities

• Develop, implement, and maintain effective internal control policies, procedures, and frameworks in line with regulatory standards and industry best practices.
• Conduct regular audits and assessments to evaluate the bank's operations, processes, and systems, identifying areas of non-compliance or potential risks.
• Monitor and enforce compliance with legal and regulatory obligations, including Bank One requirements and microfinance banking regulations.
• Collaborate with various departments to provide guidance on compliance-related matters and facilitate training programs to promote awareness of compliance protocols.
• Investigate and resolve compliance issues, developing corrective action plans and providing recommendations to mitigate risks.
• Prepare and present reports to management outlining findings, recommendations, and areas for improvement related to internal control and compliance.
• Stay updated on changes in regulations, advising the management team on necessary adjustments to ensure ongoing compliance.

Requirements

• Bachelor's Degree in Accounting, Finance, Business Administration, or related field.
• 4-5 years of experience in internal control, compliance, or audit roles within the banking sector, with a focus on Bank One and microfinance banking operations is a MUST.
• In-depth knowledge of regulatory requirements, including Bank One standards, microfinance banking laws, and compliance frameworks.
• Strong analytical skills with the ability to identify and address compliance issues effectively.
• Excellent communication and interpersonal skills to collaborate with diverse stakeholders.
• Attention to detail and the ability to work independently in a dynamic environment.

Application Closing Date
29th November, 2023.