Internal Auditor /Resident Control Officer at Prestige Microfinance Bank

Role Summary

• The successful candidate will be responsible for performing and executing financial, operational and compliance assurance in order to review the quality and effectiveness of the controls within the Bank and to manage/mitigate risk and protect the assets of the Bank.

Key Responsibilities

• Perform and control the full audit cycle including risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable directives and regulations
• Prepares for and conduct financial and operational audits, examinations, internal control reviews and special investigations of Bank’s on a regular basis.
• Keep current with developments and regulatory/legislative changes in the financial services industry, governing regulatory landscapes, and auditing profession.
• Review, analyze and verify annual reports, financial statement and other records using accepted accounting and statistical procedure to assess financial condition and facilitate audit planning.
• Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud or non-compliance with laws, regulations and management policies.
• Review data about Bank’s asset, net worth, liabilities, capital stock, surplus income and expenditures and present information to MD/broad that will aid in corporate decision making.
• Coordinate and liaisons with the independent/external auditors to ensure year-end audit control testing by internal audit is performed efficiently, effectively, timely and at a minimum meets their expectations and requirements.
• Proactively follows up to ensure managements’ action plans are progressing and addressing the risk exposures and control observation previously highlighted by internal audit and other internal and external assurance option (i.e) compliance regulators and independent auditors)
• Develop and maintains key relationship with all members of the organization including staff, management and external stakeholders to ensure productive communication and engagement
• Other duties assigned by MD/Board

Competency, Requirements and Skills
Educational Qualifications:

• First degree in the Accounting or a related field
• Additional qualification would be an added advantage.

Minimum Experience:

• Five (5) years’ experience.

Technical Skills:

• Expert knowledge of fraud behavior and detection methodologies
• Superior understanding of fraud detection processes for insurance services industry
• Superior understanding of federal regulations related to fraud
• Demonstrated superior understanding of operational dynamics
• Sound understanding of fraud type trends, operational impact on fraud losses and risk management tools and performance

Soft Skills:

• Excellent communication (written and oral), interpersonal and negotiation skills
• High level of integrity and demonstrated ability to manage confidential information
• Good analytical and problem solving skills
• Strong leadership, supervisory and people management skills
• Good sense of responsibility, accountability and dependability
• Ability to stay calm focused and motivated under pressure.