Head, Internal Control at Personal Trust Microfinance Bank

Job Summary

• The Head of Internal Control is responsible for the development and implementation of the Internal Control framework of the Bank.
• The job holder will develop policies and procedures and monitor compliance in line with external regulations.

Duties and Responsibilities

• Developing, reviewing, and implementing compliance policies, programs, and procedures
• Using problem solving and critical thinking skills to quickly identify internal control deficiencies, evaluate their risk implications, and draw the appropriate conclusions
• Developing and executing internal audit activities, consult with management on strategic plans and other business matters, and anticipate emerging risks
• Participating in decision making with senior engagement management, provide meaningful insights, and seek to understand the broader impact of current decisions
• Documenting and testing business process and IT controls that support key financial operations
• Evaluating control deficiencies, and monitoring remediation actions, timelines, and progress
• Maintaining current knowledge of laws, regulations, procedures, and policies governing the Bank
• Lead the setup of the enterprise risk assessment for the bank and developing a risk log
• Take responsibility for the Bank’s annual control work program using the internal control framework within the Bank
• Ensure appropriate level of communication is maintained on Internal Control matters to support the framework and ensure appropriate ownership and accountabilities from management and managers.
• Develop adequate training material on the internal control objectives, approach and methodology.
• Conduct follow-up reviews of financial, operational, or regulatory compliance deficiencies noted during audits.
• Prepares monthly exception reports and presents to the Managing Director
• Ensures capital & revenue expenditure complies with policies and approval limits
• Ensure compliance of loans disbursement to credit policies
• 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 / B.Sc in Accounting
• ICAN Certified
• Evidence of completion/ exemption of/from NYSC
• Evidence of completion of Microfinance Certification program.

Experience:

• Minimum of five (5) years’ experience in Internal Control in a microfinance bank or financial institution.
• 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
• Metrics-driven mindset
• Problem solving skills
• Outstanding communication and people skills
• Extensive knowledge of all regulatory policies and procedure
• Risk Management techniques
• Meticulous attention to detail and accuracy
• Ability to multi task and meet tight deadlines
• Proficient in the use of MS Office suit
• Ability to interact with senior management and multiple stakeholders, including regulators.
• Strong communication, negotiation and presentation skills.
• Proficient writing and delivery of presentations and documentation.
• Ability to elicit cooperation from people.