Head, Compliance & Investigation at ACCION Microfinance Bank

Job Responsibilities

• Ensure that a yearly audit plan covering all the bank risk areas is in place, approved and is followed
• Execute detailed audit procedures, including review of transactions, documents, records, reports, policies and procedures for accuracy and effectiveness
• Coordinate periodic reviews of the Bank organizational and functional activities (Departments and Branches) and submission of reports on same to the Chief Compliance Officer
• Prepare work-papers which record and summarize audit procedures performed
• Evaluate the adequacy and effectiveness of management controls over those activities
• Follow-up to determine compliance with audit recommendations and adequacy of corrective actions
• Responsible for directing, on the job- training, and supervision of the audit staff
• To perform or assist in the performance of special reviews at the request of the Chief Compliance Officer. (Investigation)
• Special duties and projects as may be assigned by the supervisor
• Prepare a quarterly audit report and submit to the Chief Compliance Officer for review
• Carry out regular substantive and compliance test on all activities of the Bank
• Carry out Fixed asset and stock of stationery review of the bank for cost control or reduction
• Provide assistance to external auditors and regulatory bodies as requested
• Coordinating and supervision of spot checks, compliance assessment and audit follow up
• External auditors for coordination of statutory audits and any other audit or special audits as may be required including finalization of year-end audit, statutory audit, CIB/NDIC, tax audit etc
• Professional institutions, (ICAN, CITN, ACCA CIBN) and association of microfinance Internal Auditors and senior accountants in other microfinance banks in order to keep abreast of developments in the profession
• Microfinance institutions, other financial institutions and commercial banks to keep abreast of developments in the finance sectors
• Central Bank for coordination on regulations for the microfinance industry
• National Association of Microfinance Banks (NAMB) for coordination and consultations on developments in the MFI sector
• Supervise and support the staff in Corporate & Branch Audit in their roles of implementing all activities of internal audit strategies and tactics to support the overall achievement of the department?s goals
• Ensure efficiency and high quality of work in the unit
• Ensure that the unit maintains up-to-date and accurate records of audit performance at all time
• Prepare and deliver imely reports and updates to the Chief Compliance Officer
• Set annual performance goals for staff under supervision, guide coach and monitor performance of same, and execute annual performance evaluations and reviews of the unit?s staff

Qualification & Experiences

• Bachelor Degree or its equivalent in Business, Accounting, Finance, Economics or related area of study
• Minimum of 8 years of work experience
• At least 2 years in management positio
• Minimum of 8 years of work experience
• Professional certification in accountancy a must (ACA, ACCA
• Possession of extensive experience in auditing, and a thorough understanding of Microfinance Banking and accounting practices
• Experienced in strategic planning and budgeting

Key Performance:

• Professionalism and integrity
• Deadline oriented. Dependability, requiring minimum supervision.
• Strong leadership and people management skills.
• Sound strategic thinking, with risk and control consciousness
• Strong analytic skills
• Excellent communication skills ? written and spoken
• Languages: English required