Senior Internal Control Audit & Compliance Officer at Bosak Microfinance Bank Limited

Bosak Microfinance Bank Limited was incorporated in December 2009 with the business objective of providing financial service to micro clients who were excluded from the mainstream financial system. It commenced operations in June 2010 upon obtaining a Unit Microfinance Banking License from the Central Bank of Nigeria. It later obtained a State Microfinance Banking License in 2016. Bosak Microfinance Bank Limited’s financial inclusion effort focuses on promoting savings culture, access to credit facilities for income-generation purposes and reducing vulnerability to risk through micro insurance.

The Bank’s major strategic focus employs the group lending methodology in its operations with a leaning towards women. It believes in the commitment of women folk to work hard and help their families conquer poverty. As such, more than 95% of the Bank’s lending activities focuses on women. The success of the bank’s group lending activities largely depends on group solidarity and cohesion. The success recorded by the bank in its lending program has earned it strategic partnership with the Bank of Industry (BOI) and the Development Bank of Nigeria (DBN) among others.

We are recruiting to fill the position below:

Job Title: Senior Internal Control Audit & Compliance Officer

Location: Ikeja, Lagos 
Employment Type: Full-time

Responsibilities

• Conducting confidential investigations on control breaches.
• Report Internal Control deficiencies identified on the field work with marketers and Loan Officers.
• Ensure adequate care and maintenance of bank’s properties.
• Monitors organization wide compliance with laid down policies, processes and procedure to ensure adherence.
• Review & manage the day-to-day activities attendance register and operational issues.
• Ensure that strategies defined are implemented by Internal Audit Team for accomplishment of the department’s objectives.
• Carry out specific management assigned tasks.
• Coordinate Internal Control Officers in the different regions and ensuring that their activities are carried out as outlined.
• Assist in carrying out Full Scale Inspection & Audit.
• Calling over of transactions.
• Quality control.
• Checking of Loan Officer’s daily transactions.
• Report all form of infraction affecting the business arising from daily situations on a weekly basis.
• Spot check on Operations & Outreach
• Assess the primary risks facing the bank and identify risk mitigation measures.
• Managing the risks associated with the different Units in the bank (Enterprise Risk Management) and following up to ensure compliance on all observations.
• Handles customer’s complaints via Toll-Free Telephone Line, investigates arising situations and reports to the Unit Head for the Bank’s Management action.

Qualifications & Requirements

• Bachelor’s degree in Accounting, Economics or any other related field of study.
• Professional Qualification in ACA, ACCA is an added advantage.
• Experience in an Internal Control, Audit Position in any area of the Financial Services Sector.

Benefits

• HMO
• Constant Training and Development
• Leave & Passage Allowance
• Performance Induced Pay
• 13th Month

Application Closing Date
4th September, 2024.