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  • Posted: Apr 14, 2021
    Deadline: Jun 9, 2021
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    Personal Trust Microfinance Bank is a microfinance bank operating in Lagos, Nigeria. The Bank was licensed by the Central Bank of Nigeria to operate as a state microfinance bank in year 2014. Formerly known as Personal Trust Savings and Loans, it was first registered in 1993 and operated as a mortgage bank until its conversion in 2014. Following the enabl...
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    Head, Internal Audit & Compliance

    Location: Surulere, Lagos

    Job Summary

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

    Duties and Responsibilities

    • Develops an annual risk-based internal audit plan and oversee 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, special audits, and provide subject-matter expertise as needed.
    • Remains current on audit regulatory oversight trends and develop 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 improving operational efficiencies and processes where appropriate.
    • Directs the work of external auditors to ensure the audit work remains within the prescribed guidelines.
    • Coordinates and assist with the preparation of Audit Committee materials and participate in audit committee meetings
    • Investigates and report to the Audit Committee on activities reported through the Hotline/Whistleblower processes and assist 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 developing a risk log
    • Conduct follow-up reviews of financial, operational, or regulatory compliance deficiencies noted during audits.
    • Implements the anti-fraud campaign and assess compliance
    • Prepares monthly regulatory renditions and returns
    • Flexibility to carry out any other task as requested by Management

    Qualifications

    • HND / BSc / in IT, Information Systems, Mathematics, Accounting, Banking and Finance or a related field
    • Evidence of completion/ exemption of/from NYSC
    • Evidence of completion of Microfinance Certification program.

    Experience:

    • Minimum of five (5) years’ experience in Internal Audit in a Microfinance Bank, financial institution or an audit firm
    • Prior managerial experience in 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 procedure
    • Proficient writing and delivery of presentations and documentation
    • Risk Management techniques
    • Proficient writing and delivery of presentations and documentation
    • 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 suit
    • Unquestioned personal integrity with strong ethics and values

    Method of Application

    Interested and qualified candidates should send their CV to: recruitment@personaltrustmfb.com using "Head, Internal Audit & Compliance" as the subject of the mail.


    Note: If you do not get a response from the Recruiter after 4 weeks of this publication, please note that your application was not successful.

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