Team Lead - Control Standards & Monitoring at First Bank

Ref No: 1900002m
Location: Lagos
Organization: Chief Financial Officer Directorate
Schedule: Regular
Shift: Standard
Job Type: Full-time

Job Description

• Coordinates and supervises activities of control standards and monitoring officers
• Support the development and maintenance of internal control framework, policies and procedures
• Assist in the implementation of the Internal Control Framework and Fraud Risk Management Framework in the bank
• Assists in the review of annual internal control plans and strategies.
• Support the bankwide COSO adoption exercise led by Head, CTS and follow up with all stakeholder departments to ensure their compliance
• Coordinates the reviews and updates of test plans in control review template to ensure changes made to head Office/branch processes and controls are reflected in the current procedure.
• Review the Risk Rating of branches, Head Office and Subsidiaries to determine frequency of reviews and areas of focus for Control Officers
• Arranges and facilitates stakeholder engagements for process control changes and enhancements to ensure acceptance of changes and finetuning of requirements
• Maintains uniform standard on controls and control documentation across branches and Head Office departments.
• Support the Head CTS in change management efforts for control enhancements
• Develop communication materials in respect of process changes and control enhancement to notify stakeholders within the bank
• Perform controls reviews to determine relevance of controls and identify redundancies within the Bank.
• Track periodic SOP review and update activities to ensure documentation of all process controls in the bank’s systems, processes and products
• Reviews exceptions noted per branch/cluster/regions/departments to determine effectiveness of controls and need for control enhancements.
• Periodically engage RCMs/CCMs to determine specific issues faced during control reviews           
• Identify causative factors of control breaches with a view to recommending permanent solution that will forestall re-occurrence.
• Arrange and facilitate stakeholders engagement to determine effective resolution for issues identified.
• Document remediation plan with stakeholders’ concurrence
• Monitor remediation phases of deficiencies to ensure resolution and time frame is adhered to.
• Supervise walkthrough of remediated processes (post remediation).
• Review of remediated controls and ensure prompt update of all relevant processes and controls
• Develop and review control review templates for departments assigned by Head CTS
• Coordinate the conduct of control awareness programmes for Control Officers to ensure standardization of control and monitoring activities and reduce knowledge gap among control officers in different teams
• Coordinate the conduct of control awareness programmes for all bank and subsidiaries’ staff and processors to improve control consciousness
• Supervise quality assurance review of control officers’ uploads from review visitations and validate quality and timeliness scores
• Support Head, CTS in reviewing product papers and recommending for approval after ensuring adequate control are instituted in the bank and subsidiaries’ various products and processes
• Assist Head, CTS in periodic risk rating of branches, Head Office departments, strategic resource functions and the bank’s processes to ensure adequacy of control reviews, visitation, and resource allocation.
• Draft communication to stakeholders affected by internal control changes and obtain approval to disseminate
• Support the Operational Risk Dept in periodic risk assessment exercise for all departments and functions and in the maintenance of risk and control library and risk register
• Supervise quality assurance review, collation and reporting of Control Compliance Rating Scores, Operational Risk Rating and other scorecard inputs and obtain Head, CTS’s approval before submission to BPM.
• Determine timeliness and quality of control officers’ report uploads in line with methodology approved by Head, CTS
• Oversee the operations of the Internal Control Helpdesk and ensure timely resolution of service request.
• Provide the relevant data and support for Head CTS in the risk-based assignment of control officers to oversight areas

Qualifications
Education:

• Minimum Education: B.Sc/HND in any relevant discipline (Accounting, Economics and any other related field)
• ICAN/ACCA/CISA qualification will be an added advantage

Experience:

• Minimum experience – Ten years relevant working experience