Head of Internal Audit at Wemy Industries Limited

Job Brief

• The Head of Internal Audit will be responsible for the development and implementation of the Internal Control Framework of our company.
• The job holder will develop policies and procedures and monitor compliance in line with external regulations.

Job 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, consulting with management on strategic plans and other business matters, and anticipating emerging risks
• Participating in decision making with senior engagement management, providing meaningful insights, and seeking to understand the broader impact of current decisions
• Documenting and testing business processes 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 Company
• Lead the setup of the enterprise risk assessment for the company and developed a risk log
• Ensure an 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 them to the Managing Director
• Ensures capital and revenue expenditure complies with policies and approval limits
• Ensure compliance of loans disbursement to credit policies
• Implements the anti-fraud campaign and assesses compliance
• Prepares monthly regulatory renditions and returns
• Flexibility to carry out any other task as requested by Management

Required Skills

• Strategy planning and implementation
• Organization and time management abilities
• Leadership, team management, and mentoring
• Metrics-driven mindset
• Problem-solving skills
• Risk Management techniques
• Proficient in writing and delivery of presentations and documentation.
• Ability to elicit cooperation from people

Job Requirement

• HND/BSc/MSc in Accounting, Banking, and finance or a related field
• Minimum of five (6) years’ experience in Internal Control/Audit
• Prior managerial experience in a similar role or capacity
• In-depth knowledge of the internal control framework.