Audit and Risk Analyst at ARM Life PLC

ARM Life is the insurance subsidiary of Asset & Resource Management Company Ltd (ARM). Its parent company, ARM is one of the largest non-bank financial services firms in Nigeria with a focus on asset management. Established in 1994, ARM started operations as a traditional asset management company specialising in the management of quoted equities and fixed income securities.

We are recruiting to fill the position below:

Job Title: Audit and Risk Analyst

Location: Ikoyi, Lagos

Main Responsibilities

• Develop annual audit plan for the subsidiaries and submit to the Audit, Risk and Compliance Committee for review and approval.
• Execute country audits to assess controls, operational efficiencies and compliance with selected policies, procedures and regulations. Resolve audit problems that occur and develop modifications to coverage and schedule.
• Perform special analyses and reviews, including compliance, instances of alleged fraud and unethical misconduct.
• Review and report on the accuracy, timeliness and relevance of the financial and other information that is provided for Board and Management.
• Refer major audit issues to Head of Audit & Risk for resolution.
• Research and keep abreast of country legislative issues, new audit regulations/trends and audit methodology. Discuss updates of new regulations with Head of Audit & Risk and relevant country departments.
• Conduct periodic training workshops for in-country staff to promote awareness of governance, risk management, and internal controls.
• Ensure work papers are adequately documented and audit evidence is sufficient.
• Prepare accurate audit reports across country offices for the Audit, Risk and Compliance Committee.
• Elicit information from knowledgeable internal/external sources about areas and functions to determine appropriate audit direction/methodology for the business units within the country office.
• Assist external auditors as appropriate. Coordinating country office’s response to audit findings and recommendations.
• Develop and implement fraud and unethical behaviour prevention programs driven by risk based support.
• Update risks during operations as well as mitigation plans
• Implement risk mitigation plan developed at corporate level
• Consolidate risk exposure via compliance checklists in all country-level departments and give data to Project monitoring associate

KPIs:

• Percentage of in-country staff trained on risk and compliance issues (15%)
• Percentage of local compliance regulations met by required date (15%)
• Corrective action response time (10%)
• Number of implemented opportunities for improvement (OFI) vs. number of raised opportunities for improvement during internal and external audits (15%)
• Percentage of business services in the country not covered by risk analysis (10%)
• Savings generated and costs avoided associated with identified audit issues (5%)
• Overall corporate performance (10%)
• Feedback – The annual average rating from 360-degree surveys launched (10%)

Deliverables:

• Country audits
• Country audit reports
• Implementation of country risk mitigation strategy report

Time Allocation:

• Technical (90%)
• Administrative (10%)

Requirements

• Undergraduate degree or equivalent in Business, Accounting or Audit
• 4 years’ professional experience, with at least 2 years within a similar role

Skills:

• Knowledgeable, skilful and experienced about Internal Audit
• Knowledgeable about operating properties.
• Gathers information nationally and internationally about what could be; visualises the future and assesses what needs to change; thinks strategically, considers wider effects thoroughly, including customers, shareholders and people; promotes and builds enthusiasm for the vision.
• Good planning/project management skills
• Exceptional negotiation, problem-solving and analytical skills
• Superior communication skills, both verbal and oral
• Exceptional attention to detail.
• Sets milestones and timeframes to achieve objectives and operational requirements; determines priorities and allocates responsibilities and manages workflow; establishes measures and monitoring systems; putting (joint) action plans in place to address areas of non-compliance; anticipates hurdles and has contingency plans to get around them.
• Ability to exercise professional scepticism.
• French speaking or willing to learn French within the first 6 months of employment.

Application Closing Date
Not Specified.

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