Internal Audit and Control Officer at Source Microfinance Bank

Role Overview

• We are looking for an experienced Internal Audit & Control to join our dynamic team. This is a full-time hybrid role as an Internal Audit & Control located in Lagos with some remote work possible. The Internal Audit & Control will be responsible for maintaining a strong internal control environment by reviewing and monitoring the efficiency and effectiveness of operations, reliability of financial reporting, compliance with applicable laws and regulations, and safeguarding of company assets. The role holder will collaborate with other departments as well as external auditors and regulators to ensure compliance with company policies and regulatory requirements.

Role Description

• Conduct audit of existing processes, procedure and compliance level and recommend reviews and bridge compliance gaps
• Conduct credit and portfolio reviews
• Conduct regulatory and compliance oversights 
• Adequate communication of changes in internal process from time to time to stakeholders and users
• Conduct required checks to ascertain processes are implemented as per KYC, expenditures etc
• Audit reporting, follow-up and closure
• Conduct follow up review of financial, operational, or regulatory/compliances deficiencies observed during audits, regulators’ assessments 
• Attain visible and measurable process improvements

Role Requirements

• Minimum of 5 years in internal control, audit and/or compliance
• Candidate must be CIBN certified i.e., obtained MCIB along with other role relevant certification(s)
• Experience working in Microfinance Bank and understanding of CBN stipulated ratio, standards, reporting and other relevant guideline is a must have
• Strong knowledge of auditing standards and principles, financial accounting principles, applicable laws, and regulation
• Previous and proven usage of Microsoft office, accounting and core banking solutions is essential for the role holder 
• Proven experience in financial analysis and reporting
• Experience working with start-up is an advantage but not compulsory
• Excellent verbal and written communication and presentation skills is required
• Candidate must possess the ability to work independently and part of a team, should be a self-starter
• The desired candidate is expected to be primarily highly proactive and corrective in approach. 
• Excellent analytical, strategic thinking, and problem-solving skills
• Bachelor's degree in accounting, finance, or related field