Head, Internal Control & Compliance at Pivotage Consulting

Job Description

• To identify, escalate and challenge the business to prevent and resolve violations
• Recommendation and implementation of remedial actions for identified violations
• Ensuring compliance with the company’s operational guidelines for both internal and external operations
• Rendition of Regulatory Returns to CBN, NFIU and all relevant regulatory agencies
• Compliance Monitoring: Support the implementation, continuous improvement and monitoring of AML (Anti-Money Laundering) and CFT (Counter-Terrorism Financing) program in the organization
• Identify potential areas of compliance vulnerability and risk, as well as drive development and implementation of corrective action plans for the resolution of problematic issues
• Provide support to the team by following up with relevant parties in resolving exceptions raised in Regulatory audits
• Work to build a strong compliance environment to ensure zero level of policy, procedures and regulatory infractions
• Work with the internal audit team on departmental reviews based on the risk-based quarterly audit plans
• Ensure prompt and effective call over of company’s transactions including loan and investment reviews
• Carrying out spot checks and review of activities in the organization
• Ensure complete and accurate recognition of all fees and charges on every relevant account
• Identify key areas of risk within the organization and propose appropriate controls to mitigate the risks
• Monitor the timely implementation of the management actions recommended in the audit reports and ensure compliance or report exceptions
• Ensures compliance with established internal control procedures and board approved policy documents (Credit policy, Treasury policy, IT policy, expenditure policy, etc.) by examining records, reports, operating practices, and documentation
• Verifies assets and liabilities by comparing items to documentation
• Assist the development of an internal control & compliance culture, including training to staff
• Monitor the trends and developments in regulations
• Liaise with the external auditor on internal control issues and ensure full compliance with all regulatory requirements by the Central Bank of Nigeria and other regulatory body
• Examining company loan accounts for daily reconciliation and financial control systems
• Checking that financial reports and records are accurate and reliable
• Ensuring procedures, policies, legislation and regulations are correctly followed and complied with
• Monitoring Loan disbursements SLA and continuous business process improvement

Qualifications

• Minimum of Bachelor’s degree in Economics, Law, Accounting, or Finance with second class lower at the minimum
• Minimum of 7 years of risk-based internal Control and Compliance experience with excellent knowledge of internal control concepts and auditing techniques
• Have a minimum of professional accounting qualification such as ICAN, ACA, ACCA, CIMA, CPA or CIA
• Practical internal Control experience at management level is necessary
• Strong knowledge of business processes
• Knowledge of IFRS Accounting Standards
• Proficiency in the use of SAP and Core Banking application (Temenos Transact), Power BI will be an added advantage