Head, Internal Audit and Compliance at Personal Trust Microfinance Bank

Job Summary

• The Head of Internal Audit & Compliance is responsible for the development, management and evaluation of internal control systems in the Bank.
• The job holder develops and implements the annual internal audit program and ensures that the audit objectives are met.
• The job holder provides reasonable assurance about the effectiveness and strength of internal controls.

Duties and Responsibilities

• Develops an annual risk-based internal audit plan and oversees the implementation of the approved plan
• Ensures methodical documentation of work plans, testing results, conclusions, and recommendations, and ensures follow-up on findings and corrective actions.
• Provide technical assistance with investigations and special audits, and provide subject-matter expertise as needed.
• Remains current on audit regulatory oversight trends and develops a risk-based approach incorporated into the annual audit plan.
• Performs regular bank-wide risk assessment to identify significant risks or exposure related to internal controls or compliance with regulatory requirements, efficiency of operations, and accuracy of financial reporting.
• Provides feedback and recommendations on business risks and improves operational efficiencies and processes where appropriate.
• Directs the work of external auditors to ensure the audit work remains within the prescribed guidelines.
• Coordinates and assists with the preparation of Audit Committee materials and participates in audit committee meetings
• Investigates and reports to the Audit Committee on activities reported through the Hotline/Whistleblower processes and assists in investigations.
• Initiates policy and process reviews, including ensuring they are up-to-date with all legislations and best practices
• Using problem-solving and critical thinking skills to quickly identify internal control deficiencies, evaluate their risk implications, and draw the appropriate conclusions
• Lead the setup of the enterprise risk assessment for the bank and develop a risk log
• Conduct follow-up reviews of financial, operational, or regulatory compliance deficiencies noted during audits.
• Implements the anti-fraud campaign and assesses compliance
• Prepares monthly regulatory renditions and returns
• Flexibility to carry out any other task as requested by Management

Qualifications

• HND / B.Sc. in IT, Information Systems, Mathematics, Accounting, Banking and Finance, or a related field
• Evidence of completion or exemption from NYSC
• Evidence of ICAN certification is an added advantage
• Evidence of completion of the Microfinance Certification program

Experience:

• A minimum of five (5) years experience in Internal Audit in a Microfinance Bank, financial institution or audit firm
• Prior managerial experience in a similar role or capacity
• In-depth knowledge of Internal control framework for the Microfinance Industry

Skills:

• Strategy planning and implementation
• Organization and time management abilities
• Leadership, team management and mentoring
• Outstanding communication and people skills
• Extensive knowledge of all regulatory policies and procedures
• Proficient writing and delivery of presentations and documentation
• Risk Management techniques
• Proficient writing and delivery of presentations and documentation
• A logical approach to identifying and evaluating issues and problem-solving
• Meticulous attention to detail and accuracy
• Ability to multi-task and meet tight deadlines
• Ability to interact with senior management and stakeholders, including regulators
• Proficient in the use of MS Office Suite
• Unquestioned personal integrity with strong ethics and values.