Internal Control and Compliance Personnel at Ave Maria Microfinance Bank Limited

Ave Maria Micro Finance Bank of the Catholic Diocese of Oyo is a faith-based Microfinance Bank established by the Catholic Diocese of Oyo to cater for all people, with an emphasis on the poor and the vulnerable, irrespective of religion, race, age or gender that are financially excluded. The Bank was officially incorporated as a bank by the Corporate Affairs Commission on the 10th day of May, 2022 with registration number RC 1927811 and was finally licenced by the Central Bank of Nigeria (CBN) on the 27th of October 2022.

We are recruiting to fill the position below:

Job Title: Internal Control and Compliance Personnel

Location: Iwajowa Local Government, Oyo
Employment Type: Full-time

Job Description

• Responsible for designing, implementing, and monitoring efficient internal control systems to mitigate risk and ensure compliance with regulatory requirements.
• Evaluate financial and operational processes, identify areas of improvement, and recommend solutions.
• Oversee and ensure the effectiveness of internal controls and compliance with laws, regulations, and internal policies within an organization.
• Checking of all correspondence bank reconciliation accounts to ensure transactions are properly done as expected.
• Review of the statutory returns to regulatory authorities and government agencies to ensure accuracy and timely rendition monthly.
• Minimize risks and protect assets, ensure accuracy of records, promote operational efficiency, encourage adherence to policies, rules, regulations, and laws.
• Customers’ visitation for random deposit verification weekly.
• Review the accuracy and reliability of financial transaction records – cash deposits, cash withdrawals, treasury bills investments, fixed deposits, and funds transfer daily.
• Engage in loan recovery and reconcile customers’ loan accounts for closure when need arises.
• Involve in the thorough review of the bank’s accounting software for efficiency daily.
• Review credit or loan files for compliance daily.
• Conduct cash-counts of vaults daily.
• Reviewed customers’ account opening documents for compliance with Know Your Customer (“KYC”) policy and anti-money laundering requirements daily.
• Ensure compliance with the bank’s policies and conduct daily, weekly and monthly General Ledger (GL) review for reconciliation.
• Handle customer complaints (Fraud, disservice, etc.). When the need arises.
• Review expenses & payments. Daily
• Conduct sweep exercise and spot check on tellers and account officers.

 Qualifications

• Minimum of B.Sc. or HND Accounting / Banking Finance, MCIBN certification will be an added advantage.
• The candidate must have at least 3-5 years of Microfinance Bank experience in internal control.

Benefit
We offer an attractive remuneration package and opportunities for career and personal development.

Application Closing Date
30th March, 2025.

How to Apply
Interested and qualified candidates should send their CV to: recruitment@avemariamfb.com using the Job Title as the subject of their email.

Note: Please note that shortlisted candidates will be invited for interview via SMS and Telephone Calls.