Head, Internal Audit and Compliance at Sidmach Technologies Nigeria Limited

Job Summary

• The Head Internal Audit & Compliance is responsible for conceptualisation, identification and improvement of the company’s operations through a systematic and disciplined process that adopts effective risk management, control, and governance processes while eliminating all kinds of waste and loss in the business.
• He also oversees and manages all regulatory compliance activities of Sidmach.

Job Description

• 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.
• Determine internal audit and compliance scope for the business.
• Develop, Maintain and implement policies and procedures across the organisation.
• Manage the Internal Audit and compliance activities; coordinate specific processes to support the implementation and execution of the Audit Plan, monitoring compliance, preparing and presenting audit findings and recommendations, and providing assurance of compliance with statutory requirements
• Maintain a strong commitment to the implementation and perpetuation of the workplace safety programme, values and ethics.
• Provide periodic official reports at least quarterly to the Board concerning the Internal Audit programme and activities.
• Develop and implement adequate internal control systems for the Company.

Responsibilities

• Prepare a risk-based audit plan and resource estimate that are consistent with the organisation’s goal at least annually.
• Manage, Plan, organise and execute approved assurance and compliance engagements.
• Implement assurance and compliance methods for the adequacy of management systems for controlling, risk management, administration, budgetary and financial management and information technology governance & operations, and report the results of the engagements.
• Follow-up on the implementation of all audit recommendations and ensure constant improvements to reduce the residual risks to appropriate levels.
• Design internal control systems to safeguard company assets.
• Implement controls across processes and operations.
• Test and evaluate the effectiveness of controls regularly.
• Report control gaps or deficiencies to management for corrective action.
• Drive the implementation of appropriate anti-fraud policy, code of ethics and other key policies.
• Conduct special audit inspections and examinations.
• Develop and establish professional Internal Audit practices within the organisation which are consistent with an identified International Professional Practices Framework such as FIRS, COBIT, NDPR etc.
• Advise the Board and CEO on any matters relating to the Internal Audit, Organisational risk management, compliance, and internal controls.
• Obtain, analyze and evaluate accounting documentation, previous reports, data, flowcharts etc. to prepare and present reports that reflect audit results and document process.
• Act as an objective source of independent advice to ensure validity, legality and goal achievement.
• Identify loopholes and recommend risk aversion measures and cost savings.
• Maintain open professional communication with management and audit committee.
• Engage to continuous knowledge development regarding sector’s rules, regulations, best practices, tools, techniques and performance standards.

Requirements

• A minimum of a graduate-level degree, a master's or an MBA would be an added advantage
• Membership of at least one of the IIA, ICAN, ACCA, CITN or their equivalent, etc.
• A minimum of 10 years cognate experience with at least 6 years in a Management position
• Experience in the IT industry
• Demonstrated experience leading compliance strategy and Organisational governance
• Demonstrated experience working with the board of directors

Technical Competencies:

• Certification with ISACA-CISA, NDPR
• Knowledge and application of governance, risk and compliance frameworks such as COBIT, ITIL, TOGAF, Lean, and Six Sigma
• Six Sigma Green Belt certification or higher

Other Requirements:

• Excellent presentation and negotiation skills
• Good interpersonal skills
• Strong networking skills
• Strong Business Acumen
• Productivity or people coaching & management skills
• Analytical skills
• Governance and risk management
• Excellent Leadership and managerial skills.