Head, Internal Audit at Guaranty Trust Holding Company Plc(GTCO)

Overall Responsibility

The Head of Internal Audit is tasked with ensuring the integrity and effectiveness of the organization's internal control environment. S/he will be responsible for developing and implementing a thorough internal audit strategy focusing on financial, operational, and compliance aspects. Leading a high-performing team, the incumbent will instill a culture of continuous improvement, risk management, and adherence to industry regulations, thereby contributing significantly to the organization's overall success.

Job Description

• To lead, monitor, control and manage the Internal Audit department advising on and ensuring that the following services are effectively, efficiently and economically managed and delivered within the available resources and agreed targets and objectives.
• Meet the statutory requirements for the provision of an adequate and effective internal audit function for all the company's services, including adequate planning, control and reporting.
• Conduct risk assessment and audit testing of specified area.
• Prepare and agree strategic audit plans with the Board of Directors.
• Audits of all critical processes of the company, including an examination to ensure that the proper systems of financial administration and control are in place.
• Analyze internal controls processes, and financially review suitability of internal control design and provide recommendation for improvement.
• Review compliance of operation with relevant policies and procedures, and compliance with controls, local regulations, money laundering guidelines etc.
• Work on preventing frauds and losses, and all irregularities to be reported without delay.
• Proactively look for areas of improvement during the audit process and provide value-added and insightful recommendations that address root causes.
• Document and communicate audit results both orally and in writing in objective, clear, concise and timely manner.
• Work with various levels of Management to follow up on the status of remediation.
• Manage IT Audit of the organization.
• To liaise with the Police and Legal Representatives on confidential irregularity investigations and company's external audits and other bodies to maximize the effectiveness of Internal Audit.
• Lead diverse audit team members by creating an environment of fostering self-development and the development of others.

Requirements

• Bachelor’s degree, preferably in Finance, Accounting, Business Administration
• Professional Certifications such as CPA or ACCA preferred
• Approximately total 8-10 years of internal and external auditing experience in a Financial Institution
• Experience in risk-based audit, internal financial control processes, governance frameworks, enterprise-wide risk management, prefer in banking industries
• Internal Investigation experience preferred
• Solid understanding of Internal Auditing concepts, international auditing standards and internal control frameworks Strong Analytical Skills
• Knowledge of the banking or other financial sector and Core Banking System will be an added advantage.
• Displays high level of integrity, objectivity and impartiality, and commits to high professional ethical standard