Head of Internal Audit at LEAD Enterprise Support Company Limited

LEAD Enterprise Support Company Limited is a foremost Human Resources Solutions organization with many years of cumulative experience and expertise. We are prolific in Outsourcing, Recruitment, Head hunting and HR Advisory. We are a multi-sectorial servicing company, with landmark service deliverables to our clients in varied industries.

We are recruiting to fill the position below:

Job Title: Head of Internal Audit

Location: Maryland, Lagos
Employment Type: Full-time

Job Objective

• The Head of Internal Audit has overall responsibility for the Internal Audit Department and its function.
• Responsible for ensuring Internal Audit is closely aligned with industry best practices in executing the duties across the bank’s business and financial operations.
• Works to ensure roles, responsibilities, and results are efficiently coordinated and collectively optimizing the effectiveness of risk management, control and governance of the bank.

Job Summary

• The Head of Internal Audit is responsible for the development, management and evaluation of internal control systems in the Bank.
• The role develops and implements the annual internal audit program and ensures that the audit objectives are met.
• The job holder provides reasonable assurance on the effectiveness and strength of internal controls.

Duties and Responsibilities

• Formulate an annual audit plan and forward it to the Board Audit Committee for Approval.
• Direct the implementation of the annual audit plan, including as appropriate any special tasks or projects requested by the Managing Director and Board Audit Committees.
• Direct a comprehensive program of internal audit for the bank to ensure that internal control systems support the reliability and integrity of financial, operational and information technology.
• Conduct independent, objective, and risk-based audits of all the bank’s operations, processes, and controls.
• Evaluate the adequacy and effectiveness of internal controls, identifying and reporting weaknesses and proposing corrective actions.
• Direct the work of external auditors to ensure the audit work remains within the prescribed guidelines.
• Ensure that the controls in place are reviewed at appropriate intervals and effective recommendations are made for corrective actions as required.
• Provide technical assistance with investigations and special audits, and provide subject-matter expertise as needed.
• Issue periodic audit reports on a timely basis to the Board Audit Committee and the Managing Director summarizing the results of audit activities.
• Coordinate and assist with the preparation of Audit Committee materials and participate in audit committee meetings.
• Investigate potential fraud and irregularities, providing timely and insightful reports to management and the Board Audit Committee.
• Develop, update and execute the implementation of the Internal Audit Charter as approved by the Board Audit Committee.
• Keep the Board Audit Committee informed of emerging trends and developments in systems auditing practices and make recommendations for necessary modification.
• Assess compliance with relevant laws, regulations, policies, and procedures.
• Ensure that the Department exercises due professional care in carrying out audit assignments and also complies with sound audit principles and best practices.
• Rendition of relevant statutory returns and follow up with other department’s compliance with same as it relates to their departments.
• Ensuring that the IT Group comply with the CIA rule (Confidentiality, Integrity and Availability) of the Data Centre and Application Data.
• Manage the process to track, follow up, and ultimately close all open audit issues leveraging the Audit Committee, if necessary.
• Ensure that IT Change Management Procedure is maintained and where there are parameter changes/adjustments of core banking Application, Human Recourse/Payroll Application and any additional core banking application standard reports designed during production must be reviewed and tested by the IT Auditors before a release is made to users.
• Work to ensure the effectiveness of Information security and management system.
• Manage and oversee team performance through performance planning, coaching and performance appraisals.
• Motivate and inspire the team by providing them with the information and tools they need to do their jobs well and meet the bank expectations.
• Establish goals and performance standards for subordinates.
• Deal with performance issues, discipline as necessary and address poor standards, ensuring department targets and the bank satisfaction is not compromised.
• Maintain strong relationships with key stakeholders, including management, external auditors, and regulators.
• Promote a culture of risk awareness and ethical behaviour within the Bank.
• Flexibility to carry out any other task as requested by Management.

Job Requirements

• A First Degree or equivalent in IT, Information Systems, Mathematics, Accounting, Banking and Finance or a related field.
• Chartered accountancy qualification - the ACA, of the Institute of Chartered Accountants of Nigeria (ICAN)
• Evidence of completion or exemption from NYSC.
• Evidence of completion of the Microfinance Certification program.
• Other qualifications/certifications such as Certified Internal Auditors (CIA), Certified Information Systems Auditor (CISA), Certified Public Accountant (CPA), an MBA, etc. will be added advantage.
• Minimum of 10 years of experience in financial management/accounting function, 5 years of which must be in a senior position within the audit function.
• Experience as an External Auditor will be an added advantage.
• Proven track record of leading and managing a successful internal audit function
• Strong understanding of International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP)
• Familiarity with the Nigerian banking regulations and Central Bank of Nigeria (CBN) guidelines.
• Candidate must be below the age of 45 years.

Application Closing Date
22nd March, 2024.

How to Apply
Interested and qualified candidates should send their CV to: [email protected] using the job title as the subject of the application.