Head Internal Control and Compliance at B. Adedipe Associates Limited (BAA)

Job Objective

• The Head, Internal Control and Compliance will supervise and evaluate the activities of the bank, coordinating all audit and compliance activities within the business and ensuring strict adherence to the company's internal policies and procedures as well as regulatory and statutory requirements in order to promote transparency, accountability and sustainability.

Essential Job Duties & Responsibilities

• Prepare and develop annually a risk-based audit plan and resource estimate that are consistent with the institution’s goals, and obtain approval of the MD/CEO.
• Ensure compliance with all approved procedures and policies, and statutory regulations.
• Prepare and manage the annual and periodic audit plans and budget for the bank and its SBUs, and report to the Board Audit Committee /EXCO as appropriate.
• Safeguard the assets of the bank.
• Advise the Board Audit Committee and CEO on any matters relating to the internal audit, institutional risk management, controls and governance.
• Ensure that staffs of Internal Control have the required competencies and skill sets
• Execute scheduled and spot audits, and escalate weaknesses / gaps to Board Audit Committee and EXCO.
• Respond to audit enquiries / concerns raised by statutory and regulatory authorities as directed
• Conduct investigations and report as required by the Board Audit Committee and EXCO.
• Attend and participate in management and Board Audit Committee meetings as required.
• Ensure implementation of all approved audit recommendations.
• Occasionally stress test operational controls.

Job Requirements

• Bachelor's Degree in Accounting, Finance, Economics or a related numerate discipline; a MBA or relevant professional certification is added advantage
• Not less than 10 years' work experience, including senior level experience in internal audit, with demonstrable ability to plan and design the scope and remit of audit work.
• Cross-cutting experience in internal audit, covering financial, operations, compliance and risk management
• Practical knowledge of audit/control in the financial services industry
• Logical, result-oriented and well organized, with problem solving ability.
• Not more than 40 years.