Deputy Head, Audit & Compliance at IBILE Microfinance Bank Limited

IBILE Microfinance Bank Limited is a fast-growing Microfinance Bank with designed fitting financial products to meet the diversified and dynamic economy of the micro sectors in Lagos state. The bank is managed by industry seasoned professionals with the objective to facilitate financial inclusion services, serve the Micro Small and Medium Scale industry (MSMSE) and empowered to grow and sustain the gross domestic product (GDP) of the fifth largest economy in Africa.

We are recruiting to fill the position below:

Job Title: Deputy Head, Audit & Compliance

Location: Ikeja, Lagos

Job Summary

• Responsible to play a critical role of delivering our organization’s strategic objectives of control processes, adequacy and effectiveness of governance and management of risks, giving an evidence-based opinion on all aspects of governance, risk management, and internal audit.

Job Description

• Report periodically to the Managing Director and Board, on the internal control and audit activity’s purpose, authority, responsibility and performance relative to its plan
• Design and prepare Annual Audit Plan (AAP) by applying a risk-based approach to ensure the organization complies with internal regulations and policies and established protocols.
• Develop and maintain the internal control and audit procedures to ensure that best practice is taken account of and that the established controls audits address specific areas of risk management.
• Strengthen the bank’s Internal Control mechanism through in-depth recommendation
• Assess the suitability of current internal controls, making suggestions for improvements where needed.
• Prepare reports of audit findings and make recommendations to the Board of Directors and Management.
• Liaise with internal advisors and examines documentation, including reports, statements, records, and memos to gather information.
• Protect the confidentiality of records and information gained as part of exercising professional duties and use discretion in sharing such information with legal confines
• Analyze audit results for adequate and effective “corrective actions” for management to improve.
• Supervise fraud investigations involving customer accounts and recovery of fraud
• Develop controls to ensure safeguard of asset and their effective utilization
• Prepare and supervise audit mission, working paper formulations, report writing and anomalies/risk identification
• Any other duties and responsibilities which may be required to meet the objectives of IBILE Microfinance Bank.
• Perform other duties and responsibilities, as may be assigned by Head, Audit & Compliance.

Qualifications

• HND / University Degree in Banking, Accounting, Economics or other related field;
• Member of a Professional accounting body e.g. ACCA, ICAN ,ANAN is an added advantage
• Minimum of 4 years work experience in similar role
• Minimum of 1years’ in a senior management role 
• Cognate experience in a state or national microfinance bank or similar financial institution
• Interfaced with regulatory bodies during examination
• Knowledge of the banking regulations and laws.
• Proficiency in Computer Applications Excel /Microsoft Office/Banking Applications such as Bank One.

Application Closing Date
31st May, 2023.