We are recruiting to fill the position below:
Job Title: Internal Audit Officer
Locations: Abuja (FCT), Asaba - Delta & Port Harcourt - Rivers
Employment Type: Full-time
Department/Unit: Internal Control & Audit
Reports To: Head, Internal Audit
General Description
- The Internal Audit Officer is responsible for conducting independent and objective evaluations of an organization's internal controls, risk management processes, and governance practices.
- They assess the effectiveness, efficiency, and compliance of internal operations, identify areas of improvement, and provide recommendations to enhance control systems and mitigate risks.
- The Internal Audit Officer works closely with management and staff to promote transparency, accountability, and good governance within the organization.
Educational Qualification
- B.Sc Degree (minimum of 2:2)
- Professional qualification will be an added advantage.
Job Functions
Conduct Internal Audits:
- Plan and execute comprehensive internal audit programs to evaluate the effectiveness of internal controls, risk management processes, and compliance with policies, procedures, and regulations.
- Review and analyze financial statements, operational data, and other relevant documentation to assess the reliability and accuracy of information.
- Identify areas of potential risk, control deficiencies, and opportunities for improvement.
- Perform testing and verification procedures to validate the adequacy of internal controls and compliance with established policies and procedures.
Risk Assessment and Management:
- Assess and prioritize risks within the organization, considering both financial and non-financial aspects.
- Develop risk management strategies and provide recommendations to mitigate identified risks.
- Monitor risk mitigation activities and evaluate their effectiveness.
Compliance Monitoring:
- Ensure compliance with applicable laws, regulations, and internal policies.
- Review and assess the organization's adherence to legal and regulatory requirements.
- Identify compliance gaps and recommend corrective actions.
Reporting and Communication:
- Prepare clear and concise audit reports detailing findings, recommendations, and action plans.
- Communicate audit results to management and relevant stakeholders.
- Collaborate with management to implement recommendations and monitor progress.
Process Improvement:
- Identify opportunities for improving efficiency, effectiveness, and internal controls.
- Provide guidance and support to management in implementing process enhancements.
- Conduct follow-up audits to assess the implementation and effectiveness of recommended improvements.
Professional development and knowledge Sharing:
- Stay up-to-date with industry best practices, regulations, and emerging trends in internal auditing.
- Participate in training programs, seminars, and professional networks to enhance skills and knowledge.
- Share knowledge and expertise with colleagues and contribute to the continuous improvement of the internal audit function.
Key Performance Indicators / Measurement Criteria
- Compliance Rate
- Risk Mitigation
- Audit Findings
- Employee Training and Awareness
- Timeliness of Reporting
- Internal Control Effectiveness
- Whistleblower Reporting
- Stakeholder Satisfaction
- Cost-effectiveness
- Continuous Improvement Initiatives
Work Experience / Requirement:
- 2 years and above in similar position preferably financial service (PFA or others)
Skills / Competencies Required:
- Audit Knowledge
- Financial Acumen
- Risk Assessment and Management
- Internal Controls Evaluation
- Communication Skills
- Ethics and Integrity
- Technology and Data Analysis