Internal Auditor at Lobrem Microfinance Bank

Job Summary:

• The Internal Auditor will play a critical role in evaluating and enhancing the bank’s internal controls, risk management processes, and governance.
• The ideal candidate will ensure the bank's financial records and operations are in compliance with all regulations, while providing valuable insights for operational improvement.
• In this role, you will be responsible for safeguarding the company’s financial integrity, ensuring adherence to regulations, and driving a culture of strong internal controls.

Key Responsibilities:

• Conduct internal audits and reviews of financial statements, operations, and internal control systems.
• Evaluate the effectiveness of risk management processes.
• Identify weaknesses in internal controls, reporting findings, and recommend corrective actions.
• Ensure compliance with regulatory standards, policies, and procedures.
• Prepare audit reports detailing findings and recommendations for senior management.
• Monitor the implementation of corrective actions and perform follow-up audits.
• Assist in the preparation of risk management reports.
• Provide recommendations for process improvements to enhance efficiency and reduce operational risks.
• Ensure adherence to internal policies, procedures, and regulatory guidelines.
• Maintain effective working relationships with various departments within the bank.
• Prepare and present internal audit reports and compliance report to Board Audit Committee.

Qualifications:

• A Bachelor’s degree or HND in Accounting, Finance, or a related field.
• Minimum of 3 years of relevant experience in internal auditing within the financial sector, preferably in a microfinance bank or similar financial institution.
• Strong understanding of financial regulations and compliance standards.
• Proficiency in using Core Banking Application software.
• Proficiency in using auditing software and Microsoft Office Suite (Excel, Word, PowerPoint).
• Strong analytical, problem-solving, and attention to detail skills.
• Excellent communication skills, both verbal and written.
• Ability to work independently and as part of a team.
• Professional certification such as ICAN, ACA or ACCA is an added advantage.