Internal Control Officer at Bosak Microfinance Bank Limited

Responsibilities

• Conducting confidential investigations on control breaches.
• Vault cash count and register
• Ensure the physical cash correlates with the system balance
• Ensure loan officer`s and teller`s till are balanced and zero
• Spooling of uncheck SMS report, investigate why the customer(s) was unchecked
• Spool weekly repayment report to call customer`s with previous day shortfall (at least 20 customers in a week), investigate why repayment was not made
• Checking of LO`s till for daily postings on field
• Marking of LO`s ledgers.
• Ensuring that all cash received from customers by LO/BM are paid to our correspondence banks and if there are barriers in this regards, it is expected that all unpaid cash are to be boxed in the vault.
• Verifying and Sending of disbursement advice to the appropriate unit
• Ensure adequate care and maintenance of bank’s properties.
• Monitors organization wide compliance with laid down policies, processes and procedure to ensure adherence.
• Review & manage the day-to-day activities attendance register and operational issues.
• Ensure that strategies defined are implemented by Internal Audit Team for accomplishment of the department’s objectives.
• Carry out specific management assigned tasks.
• Assist in carrying out Full Scale Inspection & Audit.
• Calling over of transactions and quality control.
• Checking of Loan Officer’s daily transactions.
• Report all form of infraction affecting the business arising from daily situations.
• Conducting random spot check with other unit on processes and operations to identify potential weaknesses or deviations from the established procedures.
• Query all anomalies discovered from spot check.
• Attend to deceased customer`s report, if any.
• Assess the primary risks facing the bank and identify risk mitigation measures.
• Managing the risks associated with the different Units in the bank (Enterprise Risk Management) and following up to ensure compliance on all observations.

Requirements

• A minimum of Bachelor's Degree in Accounting, Finance, or a related field.
• A professional qualification in Audit/ Accounting would be an added advantage.
• Extensive experience (minimum 3years) in internal auditing, preferably within the financial services industry.
• Proven leadership and Team building skills.
• Strong analytical and problem-solving skills.
• Excellent communication, interpersonal, and report writing skills.
• In-depth knowledge of internal control frameworks and best practices.
• Proficiency in MS Office Suite.

Why Work with Bosak Microfinance Bank Limited?:

• If you desire to work in an organisation where employee motivation is key and passion is rewarded, then Bosak MFB might be the place for you.We are committed to building an open and rewarding work environment where all employees have equal opportunities for growth to realize their full potential.Our remuneration and employee welfare packages are among the best in the industry.

We offer the following Benefits

• HMO
• Constant Training and Development
• Leave & Passage Allowance
• Performance Induced Pay
• 13th Month