Head, Internal Control and Audit at SLS Microfinance Bank Limited

Job Description
The successful candidate will:

• Manage operations of audit department to ensure achievement of set objectives and goals
• Review and advise the management on reliability, adequacy, efficiency and effectiveness of internal control.
• Oversee and ensure preparation of timely audit reports to the Board
• Conduct audits in accordance with the approved internal audit plan.
• Establish processes and procedures that are adequate to prevent and detect fraud, suppression, theft or misappropriation of funds.
• Carry out constant checks to ensure adherence to internal control policies and procedure on segregation of duties.
• Render report to CBN on Anti-Money Laundering policy.
• Review and prepare the bank compliance ratios and compare side by side with the regulatory standard ratios to see if the bank is falling short of the standard and give recommendations on the way forward.
• Review the daily call over report.
• Monitor Tellers and inspect vault balances daily
• Review bank reconciliations and other financials.
• Carry out field audit exercise on clients to ensure due diligence (KYC) is carried out on customers.
• Review business continuity and disaster recovery plan.
• Track loan repayment daily with audit control template.
• Review and assess audit work done to ensure compliance with the necessary standards
• Check the collaterals pledged for loans and advise if they are bankable.
• Advise the management on the recovery actions to take regarding defaulting customers.

Qualifications

• A minimum of a First Degree or its equivalent in Accounting, Finance, etc
• Possession of a professional qualification such as ICAN or CIBN will be an added advantage
• Minimum of 6 years cognate experience as an Internal Auditor with 4 years in a microfinance bank or any other financial institution
• Applicant must be innovative, vibrant and conversant with relevant IT tools and applications