Deputy Head, Audit & Compliance at IBILE Microfinance Bank Limited

Job Summary

• Responsible to play a critical role of delivering our organization’s strategic objectives of control processes, adequacy and effectiveness of governance and management of risks, giving an evidence-based opinion on all aspects of governance, risk management, and internal audit.

Job Description

• Report periodically to the Managing Director and Board, on the internal control and audit activity’s purpose, authority, responsibility and performance relative to its plan
• Design and prepare Annual Audit Plan (AAP) by applying a risk-based approach to ensure the organization complies with internal regulations and policies and established protocols.
• Develop and maintain the internal control and audit procedures to ensure that best practice is taken account of and that the established controls audits address specific areas of risk management.
• Strengthen the bank’s Internal Control mechanism through in-depth recommendation
• Assess the suitability of current internal controls, making suggestions for improvements where needed.
• Prepare reports of audit findings and make recommendations to the Board of Directors and Management.
• Liaise with internal advisors and examines documentation, including reports, statements, records, and memos to gather information.
• Protect the confidentiality of records and information gained as part of exercising professional duties and use discretion in sharing such information with legal confines
• Analyze audit results for adequate and effective “corrective actions” for management to improve.
• Supervise fraud investigations involving customer accounts and recovery of fraud
• Develop controls to ensure safeguard of asset and their effective utilization
• Prepare and supervise audit mission, working paper formulations, report writing and anomalies/risk identification
• Any other duties and responsibilities which may be required to meet the objectives of IBILE Microfinance Bank.
• Perform other duties and responsibilities, as may be assigned by Head, Audit & Compliance.

Qualifications

• HND / University Degree in Banking, Accounting, Economics or other related field;
• Member of a Professional accounting body e.g. ACCA, ICAN ,ANAN is an added advantage
• Minimum of 4 years work experience in similar role
• Minimum of 1years’ in a senior management role 
• Cognate experience in a state or national microfinance bank or similar financial institution
• Interfaced with regulatory bodies during examination
• Knowledge of the banking regulations and laws.
• Proficiency in Computer Applications Excel /Microsoft Office/Banking Applications such as Bank One.