We are a Startup Microfinance Bank with a vision to promote financial inclusion in Nigeria by Leveraging on Technology.
We are currently recruiting for a dynamic, flexible and experienced candidate to fill the position below:
Job Title: Internal Audit Manager
Location: Lagos
Responsibilities
- Analysis and appraisal of Individual credit requests in accordance with approved policies and procedures to ensure that credit exposures are created subject to stipulated guidelines
- Responsible for providing support, direction, credit Information, and loan policies and procedures to ensure the overall quality of the Bank’s lending portfolio
- Monitor the strict adherence to credit related regulations (Single obligor limits, aggregate large exposures etc.)
- Timely review and approval/rejection of credit requests
- Perform reviews for renewals/assessment of existing facilities performance and other credit related requests
- Monitor the attainment of approved standards on credit portfolio management
- Provision of information requested by regulatory and rating agencies
- Preparation and rendition of all credit risk reports (weekly and monthly reports, credit exposures, performing and default loans etc)
- Perform risk acceptance evaluation and assign risk rating in line with approved risk classification guidelines
- Ensures proper documentation of individual exposure by adhering to set documentation standards and procedures
- Define credit approval framework and recommend credit approval limits in line with bank policy
- Oversee the realization of securities on lost facilities (Loan loss provision coverage)
- Effective training of subordinates to achieve business continuity in the absence of the unit head
- Calculating the Allowance for Loan Loss Reserve and making recommendations to executive management and the Board of Directors for monthly allocations to the Loan Loss Reserve.
- Performs direct supervisory duties of department staff, and coordinates staff for coverage in all related areas of the unit.
- Establish and monitor key risk indicators, as well as implement corrective action plans to mitigate risks
- Analyze transactions, internal reports and financial information for potential fraud risks
- Maintain reports of significant risks and recommendations
- Create policies, procedures and control assessments in response to identified risks
- Evaluate the effectiveness of the company's internal control framework in addressing risks and accomplishing the company’s goals and objectives
- Provide training and technical support to management and employees regarding risk management strategies and programs
- Identify, measure and report on liquidity risk.
Qualifications
- At least a 2:1 University degree in Economics, Finance or any other discipline.
- Master’s Degree is an added advantage.
- Financial Services experience is a must preferably microfinance or lending experience
- 5 years relevant experience including at least 2 year(s) of senior management level experience in the field of Internal Audit/Risk management
- Good communication, presentation, analytical, and reporting skills;
- Experience in training loan officers preferable;
- Strong analytical skills and good interpersonal skills;
- Ability to deliver excellent results both working independently and as part of a team.
Application Closing Date
30th January, 2015.
Method of Application
Interested candidates should send applications to:
[email protected] using the position they are applying for as the title of their email.