Head, Internal Control & Audit at Lovonus Microfinance Bank

Reports To: Managing Director / Board Audit Committee

We are seeking a seasoned, highly analytical, and ethical professional to lead our Internal Control and Audit department. The Head of Internal Control & Audit will be responsible for developing and executing a comprehensive internal audit program, ensuring strict regulatory compliance, safeguarding bank assets, and improving the overall operational efficiency of the institution.

The ideal candidate will have a deep understanding of CBN regulations, risk management, and microfinance banking operations, coupled with an uncompromising stance on integrity.

Key Responsibilities

• Audit Planning & Execution: Formulate, implement, and manage the annual risk-based internal audit plan to assess the adequacy and effectiveness of the bank’s internal controls.
• Regulatory Compliance: Ensure full compliance with Central Bank of Nigeria (CBN) regulations, NDIC guidelines, and other relevant statutory requirements.
• Risk Assessment: Identify, assess, and evaluate operational, financial, and credit risks across all branches and departments.
• Investigation & Fraud Prevention: Lead investigations into suspected fraud, forgeries, or operational lapses and recommend appropriate disciplinary or corrective actions.
• Financial & Operational Reviews: Review accuracy and reliability of financial reports, loan disbursements, and general ledger reconciliations.
• Reporting: Prepare and present independent, objective, and timely audit reports to the Managing Director and the Board Audit Committee.
• Internal Control Maintenance: Continuously review and update the bank’s internal control policies to plug loopholes and adapt to evolving security or operational needs.

Requirements & Qualifications

• Education: Bachelor’s degree in Accounting, Finance, Economics, or a related discipline.
• Professional Certification: Must be a Chartered Accountant (ICAN or ACCA). Certifications such as CISA, CIA, or CFE are a distinct advantage.
• Experience: Minimum of 5–10 years of experience in internal control, audit, or risk management within the banking sector.
• At least 3 years in a senior or managerial role (Microfinance experience is highly preferred).
• Interested and qualified candidates should forward their CV to hr@lovonusmfb.com using \"Head, Internal Control & Audit\" as the subject of the mail.