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  • Posted: Nov 17, 2021
    Deadline: Nov 30, 2021
  • Lagos Building Investment Company PLC (LBIC) was established as a corporate entity on the 14th February 1980 with the aim of providing Mortgage Finance Facilities to allottees of the various Low- Cost Housing Schemes built by the Lagos State Government (between 1979-1983). With the promulgation of the Mortgage Institution Act No.53 of 1980, the company becam...
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    Head, Internal Audit and Control

    Job Summary

    • The Head, Internal Audit & Control provides the shareholders, Board of Directors and Executive Management with an independent view of the operational and financial performance of the company.
    • He determines the extent of compliance with controls and established policies, plans and procedures and report on the effectiveness and exceptions.
    • Examines and analyzes accounting records to determine financial status of establishment and prepare audit reports concerning operating procedures.

    Job Responsibilities

    • Prepare detailed reports on audit findings.
    • Report to the Leadership about asset utilization and audit results, and recommend changes in operations and financial activities.
    • Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.
    • Supervise audit of the company and determine the scope of investigation required.
    • Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions.
    • Examine and evaluate financial and information systems, recommending controls to ensure system reliability and data integrity.
    • Confer with Leadership about financial and regulatory matters.
    • Examine records and interview workers to ensure the recording of transactions are in compliance with laws and regulations.
    • Examine inventory and verify inventory records.
    • Conduct pre-implementation audits to determine if systems and programs under development will work as planned.
    • Direct, plan and coordinate the audit of various Business, Finance, Accounting functions and ensure maintenance of correct financial records.
    • Review activities of Finance Department to ensure adherence to company’s financial policies and procedures.
    • Propose and obtain approval for the company’s audit programme from the MD/CEO and Board Audit Committee.
    • Review the company’s operational and financial activities, controls, systems and procedures and recommends improvements.
    • Issue audits reports to the leadership and the Board of Directors on a timely and scheduled basis.
    • Liable with the company’s external auditors to conduct the annual financial audits and prepare financial reports.
    • Appraise, train and ensure the professional development of the Audit department’s personnel in accordance with the company’s policies and procedures.
    • Coordinate the development and sharing of relevant risk management and financial control policies, processes and procedures with all business units within.
    • Ensure that AML/CFT and CBN Returns are accurate and sent in a timely manner.
    • Other duties assigned by MD/CEO and Board Audit Committee.

    Key Performance Indicators:

    • A number of implemented opportunities for improvement (OFI) vs. raised opportunities for improvement during internal and external audits.
    • Average of time to implement corrective action.
    • Timeliness of the audit programs and reports
    • Number and severity of crystallized risks and frauds.
    • The turnaround time to complete the audit cycle
    • Number of issues raised by external auditors
    • Cost savings in audit operations
    • Level of organizational compliance.


    • Interested candidates should possess a Bachelor / Master's Degree
    • 10 to 15 years of relevant work experience.

    Job Knowledge:

    • Knowledge of Nigerian Mortgage Banking Industry / Banking Industry
    • Financial and Management accounting
    • Audit Principles and procedures.
    • Financial Accounting Standards
    • Economics and Accounting Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
    • Administration and Management Knowledge of business and management principles involved in strategic planning, resource allocation, leadership technique and coordination of people and resources.
    • Law and Government Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders and agency rules

    Job Skills:

    • Active Listening Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
    • Reading Comprehension Understanding written sentences and paragraphs in work-related documents.
    • Critical Thinking ¬– Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
    • Speaking Talking to others to convey information effectively.
    • Writing Communication effectively in writing as appropriate for the needs of the audience.
    • Complex Problem Solving Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions
    • Active Learning Understanding the implications of new information for both current and future problem-solving and decision making.
    • Judgement and Decision Making Considering the relative costs and benefits of potential actions to choose the most appropriate one.
    • Time Management Managing one’s own time and time of others.
    • Monitoring / Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective actions.
    • Persuasion Persuading others to change their minds or behaviour.
    • Coordination Adjusting actions in relation to others’ actions.
    • Management of Personnel Resources Motivating, developing, and directing people as they work, identifying the best people for the job.
    • Negotiation Bringing others together and trying to reconcile differences.
    • Social Perceptiveness Being aware of others’ reactions and understanding why they react as they do.
    • System Analysis Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
    • Instructing Teaching others how to do something.
    • Service Orientation Actively looking for ways to help people
    • Systems Evaluation Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system.

    Job Requirements / Work Styles:

    • Integrity
    • Analytical Thinking
    • Leadership
    • Initiative
    • Attention to Detail
    • Dependability
    • Achievement/Effect
    • Persistence
    • Stress Tolerance
    • Adaptability/Flexibility
    • Cooperation
    • Independence
    • Self-Control
    • Innovation
    • Concern for others
    • Social Orientation
    • Banking experience
    • ACA/FCA is compulsory.

    Method of Application

    Interested and qualified candidates should send their Applications to: [email protected] using the Job Title as the subject of the email.

    Note: Never pay for any training, certificate, assessment, or testing to the recruiter.

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