Head, Internal Audit & Control at Sovereign Finance Limited

Location: Victoria Island, Lagos

Responsibilities
Internal Audit:

• Identify and assess areas of significant business risk
• Identify and reduce all business and financial risks through effective implementation and monitoring of controls
• Develop, implement and maintain internal audit policies and procedures in accordance with local and international best practice
• Compile and implement the annual Internal Audit plan
• Conduct ad hoc investigations into identified or reported risks
• Oversee risk-based audits covering operational and financial processes
• Ensure complete, accurate and timely audit information is reported to Management and/or Risk Committees
• Overall supervision of planned annual audits.

Internal Control:

• Own the design, implementation, documentation, assessment and monitoring of the company’s internal control framework, including policies and key risks in order to ensure that the group has adequate controls to prevent unintentional and intentional errors in financial reporting, processes and business operations.
• Formulate policies and procedures to improve internal controls, compliance and efficiency
• Lead the process for internal controls reviews across the SFL
• Deliver adequate and timely reporting on the internal control framework and control deficiencies to ensure appropriate communication, documentation, escalation to business partners, senior leadership and audit committee
• Deliver adequate and timely action plans and monitor progress to address and resolve control deficiencies
• Work collaboratively with business and process owners to implement and monitor remediation efforts that result from internal control assessments, ensuring the effective implementation of corrective action.
• Actively seek standardization and automation, apply and implement best practices for managing internal controls and deploy innovative technology where possible to enhance and continuously improve the design and operating effectiveness of the controls, documentation, assessment and review procedures
• Actively engage with internal and external auditors to ensure consideration and resolution of all relevant risks and audit findings
• Develop and conduct adequate training and prepare related information material on the internal control objectives, approach and methodology to business partners on a regular basis to build knowledge and understanding of risks and control.

Requirements

• Bachelor's Degree
• Candidate must have 15 years experience in a Financial Institution.