Internal Control Officer at DLM Capital Group

Role Description

• This is a full-time on-site role for an Internal Control Officer at DLM Capital Group in Lagos.
• The Internal Control Officer will be responsible for ensuring compliance with internal policies, performing internal audits, analyzing data and financial records, and implementing risk management procedures.
• The role will require close collaboration with finance and other teams to identify and mitigate risks, improve processes, and maintain accurate financial records.

The role includes, but not limited to:

• Monitoring Compliance: Ensure adherence to regulatory requirements, internal policies, and industry standards.
• Transaction Vetting: Ensure accuracy of transactions and financial records.
• Risk Assessment: Identify potential risks and vulnerabilities in processes and operations.
• Internal Control Review: Conduct regular review to assess the effectiveness of controls and processes.
• GL and Bank Account Review: Conduct daily review of general ledgers and bank statements.
• Policy Development: Assist in developing and updating policies, procedures, and guidelines to strengthen internal controls and ensure compliance with changing regulations.
• Reporting: Prepare detailed reports on review findings, risk assessments, and compliance status.
• Process Improvement: Recommend improvements to existing controls and procedures to enhance efficiency and mitigate risks.
• Training and Awareness: Educate staff on compliance and control procedures to foster a culture of risk awareness.
• Investigations: Investigate irregularities, discrepancies, and breaches of policies.
• Collaboration: Work closely with other departments, such as risk management, legal, and operations, to implement controls and address issues.

Qualifications:

• Education: A bachelor’s degree in finance, accounting, business administration, or a related field is typically required. A professional certification (e.g., ACA, ACCA, CIA, CISA, CFE) is a must.
• Experience: Previous experience in internal auditing, risk management, compliance, or a related field within the financial services industry is essential. Experience specifically within commercial or investment banking is paramount.
• Knowledge: Deep understanding of regulatory requirements (e.g., SEC, CBN), risk management principles, and internal control frameworks (e.g., COSO).
• Analytical Skills: Ability to analyse complex data, identify trends, and assess risks.
• Communication: Strong written and verbal communication skills to effectively convey audit findings, compliance issues, and recommendations to stakeholders.
• Attention to Detail: Keen attention to detail to spot inconsistencies, errors, or potential risks.
• Ethical Standards: Uphold high ethical standards and integrity, crucial for handling sensitive financial information and maintaining confidentiality.

Skills:

• Audit and Assessment: Proficient in conducting reviews, risk assessments, and evaluating control frameworks.
• Problem-Solving: Strong analytical and problem-solving skills to address complex issues and recommend effective solutions.
• Software Proficiency: Familiarity with audit software and tools, as well as proficiency in Microsoft Office (Excel, Word, PowerPoint).
• Regulatory Knowledge: Up-to-date knowledge of financial regulations, compliance requirements, and industry best practices.
• Interpersonal Skills: Ability to collaborate effectively with colleagues across various departments and levels of seniority.
• Adaptability: Flexible and able to adapt to changing regulatory environments and business needs.
• Project Management: Capable of managing multiple audits or projects simultaneously, meeting deadlines, and prioritizing tasks effectively.
• Continuous Improvement: Proactive in identifying opportunities for process improvements and implementing best practices.