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

Job Description

• Responsible for designing, implementing, and monitoring efficient internal control systems to mitigate risk and ensure compliance with regulatory requirements.
• Evaluate financial and operational processes, identify areas of improvement, and recommend solutions.
• Oversee and ensure the effectiveness of internal controls and compliance with laws, regulations, and internal policies within an organization.
• Checking of all correspondence bank reconciliation accounts to ensure transactions are properly done as expected.
• Review of the statutory returns to regulatory authorities and government agencies to ensure accuracy and timely rendition monthly.
• Minimize risks and protect assets, ensure accuracy of records, promote operational efficiency, encourage adherence to policies, rules, regulations, and laws.
• 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 need arises.
• Involve in the thorough review of the bank’s accounting software for efficiency daily.
• Review credit or loan files for compliance 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) review for reconciliation.
• Handle customer complaints (Fraud, disservice, etc.). When the need arises.
• Review expenses & payments. Daily
• Conduct sweep exercise and spot check on tellers and account officers.

 Qualifications

• Minimum of B.Sc. or HND Accounting / Banking Finance, MCIBN certification will be an added advantage.
• The candidate must have at least 3-5 years of Microfinance Bank experience in internal control.