Resident Internal Control Officer at Bosak Microfinance Bank Limited

Bosak Microfinance Bank Limited was incorporated in December 2009 with the business objective of providing financial service to micro clients who were excluded from the mainstream financial system. It commenced operations in June 2010 upon obtaining a Unit Microfinance Banking License from the Central Bank of Nigeria. It later obtained a State Microfinance Banking License in 2016. Bosak Microfinance Bank Limited’s financial inclusion effort focuses on promoting savings culture, access to credit facilities for income-generation purposes and reducing vulnerability to risk through micro insurance.

The Bank’s major strategic focus employs the group lending methodology in its operations with a leaning towards women. It believes in the commitment of women folk to work hard and help their families conquer poverty. As such, more than 95% of the Bank’s lending activities focuses on women. The success of the bank’s group lending activities largely depends on group solidarity and cohesion. The success recorded by the bank in its lending program has earned it strategic partnership with the Bank of Industry (BOI) and the Development Bank of Nigeria (DBN) among others. The combination of cutting-edge technology, a strong and committed Board of Directors and motivated employees has helped the Bank to create a brand widely accepted by its teeming clients in Lagos. It is now expanding its frontiers in a scaling program aimed at delivering improved value to its stakeholders.

We are recruiting to fill the position below:

Job Title: Resident Internal Control Officer

Location: Ado Ekiti, Ekiti
Employment Type: Full-time

Job Description

• Conducting confidential investigations on control breaches.
• Report Internal Control deficiencies identified on the field work with marketers and Loan Officers.
• Ensure adequate care and maintenance of bank’s properties.
• Monitors organization wide compliance with laid down policies, processes and procedure to ensure adherence.
• Review & manage the day-to-day activities attendance register and operational issues.
• Ensure that strategies defined are implemented by Internal Audit Team for accomplishment of the department’s objectives.
• Carry out specific management assigned tasks.
• Coordinate Internal Control Officers in the different regions and ensuring that their activities are carried out as outlined.
• Assist in carrying out Full Scale Inspection & Audit.
• Calling over of transactions.
• Quality control.
• Checking of Loan Officer’s daily transactions.
• Report all form of infraction affecting the business arising from daily situations on a weekly basis.
• Spot check on Operations & Outreach
• Assess the primary risks facing the bank and identify risk mitigation measures.
• Managing the risks associated with the different Units in the bank (Enterprise Risk Management) and following up to ensure compliance on all observations.
• Handles customer’s complaints via Toll-Free Telephone Line, investigates arising situations and reports to the Unit Head for the Bank’s Management action.

Qualifications

• A minimum of Bachelor's Degree in Accounting, Finance, or a related field.
• A professional qualification in Audit/ Accounting would be an added advantage.
• Extensive experience (minimum 3 - 4 years) in internal auditing, preferably within the financial services industry.
• Candidates residence in Ekiti State are preffered.
• Proven leadership and Team building skills.
• Strong analytical and problem-solving skills.
• Excellent communication, interpersonal, and report writing skills.
• In-depth knowledge of internal control frameworks and best practices.
• Proficiency in MS Office Suite.

Why work with Bosak Microfinance Bank Limited?
If you desire to work in an organization where employee motivation is key and passion is rewarded, then Bosak MFB might be the place for you. We are committed to building an open and rewarding work environment where all employees have equal opportunities for growth to realize their full potential. Our remuneration and employee welfare packages are among the best in the industry. We offer the following Benefits:

• Salary: N70,000 - N100,000 Monthly.
• HMO
• Constant Training and Development
• Leave & Passage Allowance
• Performance Induced Pay
• 13th Month.

Application Closing Date
3rd January, 2025.