Audit, Risk & Control Officer at ARCO Group Plc

Arco Group Plc is a leading oil and gas servicing firm with 45 years’ experience in the Nigerian Oil and Gas industry.

We are recruiting to fill the position below:

Job Title: Audit, Risk & Control Officer

Location: Rivers

Key Roles and Responsibilities

• Provides support to the Head - Internal Audit & Risk to implement the approved Internal Audit plan and manage the risk associated with each business process.
• Liaise with all Business Units to ensure successful implementation of audit plans.
• Monitor to ensure that the business and operational risk are kept within Arco Group acceptable limit.
• Assess compliance with established business control policies, processes, and procedures in all Business Units.
• Assesses and monitors adequacy/quality of adherence to internal control procedures.
• Escalate identified weaknesses in controls to the Group Head - Audit,Risk & Control and recommends workable solutions.
• Investigate violations of Arco Group’s operational procedures and makes recommendations on appropriate preventive or remedial action.
• Analyze various financial data to estimate the degree of risk and level of associated risk involved in establishing a business or partnership relationship with firms or individuals.
• Provide regular accurate and objective reports/updates to inform and guide management.
• Liaise with the Finance unit of the assigned subsidiary for the successful coordination of the annual external audit.
• Monitor and report the compliance rate for all statutory and regulatory requirements of the assigned entity.
• Review the reconciliation of the book / physical inventory of Property Plant & Equipment in each location.
• Assist in monitoring the effectiveness of established Internal audit policies, processes and procedures and communicates identified weaknesses to Management with appropriate improvement solutions.
• Prepare and submit internal audit & Risk assessment reports (issues, recommendations) to Group Head, Audit & Risk & Control.
• Perform pre-payment review and track same to support the budgetary process of the assigned entity.
• Ensure that the group annual Audit,Risk & Control plan is implemented within the assigned timelines.
• Conduct research and prepare report on trending risk issues within industry to be used for decision purposes by the Group Head, Audit, Risk & Control.
• Analyse impact of action plans on identified risk profiles.

Requirements (Education / Training / Experience)

• Bachelor’s degree in accounting or finance-related discipline, MBA or Masters in a related discipline is an advantage.
• Relevant professional certifications e.g. Institute of Internal Auditors (IIA), Institute of Chartered Accountants of Nigeria (ICAN) or Association of Certified and Chartered Accountants (ACCA), Certified Information Systems Auditor (CISA), International Certificate in Enterprise Risk Management (ICERM).
• Five (5) years of cumulative relevant working experience in Risk management or the Internal Audit function preferably from any of the big four firms.

Core Competencies:

• Report writing
• Proficiency in the use of computer applications
• Intergrity, objectivity and attention to detail
• Communication and Presentation skills
• People Management.

Application Closing Date
1st April, 2025.

Method of Application
Interested and qualified candidates should submit their CV to: recruitment.arcogroup@arcomarine-ng.com using the Job Title as the subject of the email.