Internal Control and Compliance Officer at Ave Maria Multipurpose Investment Limited (AMMIL)

Job Description

• Ensure compliance on report rendition to regulatory bodies monthly.
• Ensure compliance with the bank with rules, policies, and regulations daily.
• Reconciliation of correspondent bank accounts to ensure transactions are not outstanding beyond 2 weeks and bringing the exercise up to date monthly.
• Review of the statutory returns to regulatory authorities and government agencies to ensure accuracy and timely rendition monthly.
• Customers’ visitation for random deposit verification weekly.
• Review the accuracy and reliability of financial transaction records – cash deposits, cash withdrawals, treasury bills investments, fixed deposits, and funds transfer daily.
• Engage in loan recovery and reconcile customers’ loan accounts for closure when the need arises.
• Involvement in the thorough review of the bank’s accounting software for efficiency daily.
• Review credit or loan files for compliance daily.
• Review accounting records to ensure proper compliance with the company’s policies daily.
• Review and recommend changes to some of the company’s policies to ensure adequate control daily.
• Conduct cash counts of vaults daily.
• Reviewed customers’ account opening documents for compliance with Know Your Customer (“KYC”) policy and anti-money laundering requirements daily.
• Ensure compliance with the bank’s policies and conduct daily, weekly and monthly General Ledger (GL) reviews for reconciliation.
• Handle customer complaints (Fraud, disservice, etc). When the need arises.
• Review expenses & payments. Daily
• Conduct sweep exercises and spot exercises for tellers and account officers.

Requirements & Qualifications

• Candidate must have at 3-5years of Microfinance Bank experience in internal control.
• A minimum of HND or B.Sc certification will be an added advantage.

Benefits / Packages
We offer a competitive remuneration package and opportunity for career and personal development.