Head of Internal Control at the Central Securities Clearing System (CSCS) Plc

Central Securities Clearing System Plc [CSCS] is Nigeria's Central Securities Depository (CSD) licensed to carry on the depository, clearing and settlement of all transactions in the Nigerian Capital Market. As the country’s premier Financial Market Infrastructure (FMI), CSCS processes securities in electronic book-entry form, ensuring safe and efficient transaction processing within the ecosystem whilst also pioneering innovative solutions to deepen and enhance the efficient functioning of the market.

We provide an effective single access point for all post-trade services in the Nigerian financial market, covering all forms of capital and money market securities including equities, treasury bills, bonds, commodities, funds and cash. With an "A+” CSD rating from Thomas Murray, CSCS ranks amongst the best-rated financial services firms in Nigeria and one of the best-rated FMI in Africa.

We are recruiting to fill the position below:

Job Title: Head of Internal Control

Location: Lagos
Employment Type: Full Time

Responsibilities
Compliance Management:

• Develops and monitors all policies, procedures and processes, ensuring compliance with all standards adopted by the company
• Conducts annual control effectiveness testing and provide continuous feedback on identified risk and control
• Creates frameworks for the development of departmental controls and continuous monitoring of compliance with all approved controls across the company
• Makes recommendations on new controls to be implemented, streamlining of old controls to ensure control objectives are achieved
• Investigates all system errors
• Assists to institutes controls in projects
• Ensures effective and efficient operation

Internal Control Process Management:

• Reviews vendor presentations for adequacy of controls that would impact the company
• Increases control awareness in CSCS with presentation slides and report
• Facilitates the development of process and policy documentation for all company processes regarding the control environment and implementing a company-wide compliance programme.
• Prepares and presents Control Environment reports to Senior Management on a regular basis while working with departments on the implementation of their individual compliance programmes
• Regularises evaluation of internal controls, conducts design and quality assurance tests to determine effectiveness/adequacy in meeting objectives and readiness for internal audits.
• Conducts periodic gap analysis of current processes, controls and compliance requirements with established frameworks and policies.
• Reviews Audit exception reports and works with departments to close all exceptions raised in the Audit report.
• Reviews transactions with need for Internal Control approval, giving approvals for compliant transactions while providing guidance for cases of control breaches.
• Provides regular updates on issues relating to IT policies and procedures, identifies changes to requirements with control or process impact and communicates to management for approval and implementation.
• Develops and implements standard policies, procedures, flowcharts and tools to ensure compliance with best practice and audit requirements
• Acts as key stakeholder in ensuring timely completion of annual risk assessments across the company contributing to the review of the control environment 
• Develops and manages IT policies and processes ensuring compliance within the IT department
• Assists with the maintenance of all IT compliance policies and documentation using applicable frameworks

Requirements

• Minimum of a first degree in Accounting or Finance related discipline from a reputable institution.
• Minimum of eight (8) years’ post-graduation experience within the Capital Market or Financial Services Sector with at least three (3) years’ managerial experience.
• Accounting or auditing qualification, preferably ACA, or ACCA, CIA or IIA

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online