Internal Audit Officer - SIPML at Stanbic IBTC

Job ID: 38776
Location: Lagos Island, Lagos
Job Sector: Banking

Job Purpose

• Internal Audit officer provides an independent, objective assurance and consulting activity designed to add value and improve organisation’s operations
• Internal Audit officer helps the organisation accomplish its objectives by carrying out review of the existing controls and procedure in a systematic, discipline approach to evaluate and improve the effectiveness of risk management, control, and governance processes
• Internal Audit officer provides an independent, objective assurance and consulting activity designed to add value and improve organisation’s operations
• Internal Audit officer helps the organisation accomplish its objectives by carrying out review of the existing controls and procedure in a systematic, discipline approach to evaluate and improve the effectiveness of risk management, control, and governance processes

Key Responsibilities
Review Risk and Control Management over operations’ effectiveness and financial reliability:

• Identify loopholes and recommend risk aversion measures and cost savings
• Maintain open communication with management and audit committee
• Document process and prepare audit findings memorandum
• Determine internal audit scope and develop annual plans
• Implementation of audit plan
• Drive prompt resolution of audit issues raised
• Carry out risk assessment
• Implementation of feedback from Board Audit Committee and any other relevant Board Committee
• Management of external auditor activities.
• Drive compliance with Tax regulations
• Manage third party contractors including forensic accounting and auditing firms.
• Year on year improvement in external survey rating reports

Monitor continuous knowledge development regarding sector’s rules, regulations, best practices, tools, techniques and performance standards:

• Act as an objective source of independent advice to ensure validity, legality and goal achievement
• Ensure increased level of corporate and regulatory compliance.

Report to Head Internal Audit:

•  Maintain open communication with Head Internal Audit
• Obtain, analyze and evaluate accounting documentation, previous reports, data, flowcharts etc
• Conduct follow up audits to monitor management’s interventions

Manage all Investigations as directed by Senior Management:

• Ensure that the company’s core values are adhered.
• Adhere to acceptable business culture and reputation

Delivers on all business strategies.

• Carries out proper engagements for fact finding
• Creates awareness on risks and conducts
• Provide value add recommendations

Internal & External Relationships

Wealth Business and EXCOs - Heads of Departments and BUs:

• Description or examples: Maintain close contact with all internal stakeholders within the Wealth sectors and GIA

Group - BU heads in Stanbic IBTC and GIA:

• Description or examples: Approval and contribution to Policies

Role type of external contact: Regulator:

• Nature of relationship: Manage the relationship
• Description or examples: Contributes to industry initiatives like training

Role type of external contact: Customers:

• Nature of relationship: Manage the relationship
• Description or examples: Gets customers for the business and assists in managing some and difficult situations

Preferred Qualification and Experience
Qualification:

• First Degree Field of Study - Auditing and Financial Management
• Other qualifications, certifications or professional memberships - Advanced/Professional Degree or Professional Qualification/Certification in Accountancy/Accounting such as ACCA/ACA/CIA/CISA/CFE

Experience:
Independent Assurance - Internal Audit and Controls:

• 2-3 years experience in internal audit and control experience

Wealth Management - Client Services & Relationship Management:

• 1-2 Years Experience Description

Risk Management - Investigations:

• 1-2 years investigation experience

Information Technology - ICT Audit:

• Ability to manage IT related audit and investigation

Business Support - Transactional Products:

• 1-2 Years Experience and understanding of operational transactions and improve over all experience

Knowledge/Technical Skills/Expertise
Audit Process:

• The ability to develop control improvements required to mitigate the risks or control failures identified during internal audit reviews.

Control Evaluation:

• Knowledge of standards required in managerial and financial auditing, to identify exceptions to control procedures and standards, and develop specific solutions or recommendations.

Investigative Auditing:

• The ability to conduct investigations and gather evidence where cases of fraud (internal or external) are reported or suspected.

Risk Management:

• The ability to interpret regulations and laws that apply to the business and to provide information to business on how to comply