Job Openings at Sovereign Finance Limtied

Location: Victoria Island, Lagos

Responsibilities
Internal Audit:

• Identify and assess areas of significant business risk
• Identify and reduce all business and financial risks through effective implementation and monitoring of controls
• Develop, implement and maintain internal audit policies and procedures in accordance with local and international best practice
• Compile and implement the annual Internal Audit plan
• Conduct ad hoc investigations into identified or reported risks
• Oversee risk-based audits covering operational and financial processes
• Ensure complete, accurate and timely audit information is reported to Management and/or Risk Committees
• Overall supervision of planned annual audits.

Internal Control:

• Own the design, implementation, documentation, assessment and monitoring of the company’s internal control framework, including policies and key risks in order to ensure that the group has adequate controls to prevent unintentional and intentional errors in financial reporting, processes and business operations.
• Formulate policies and procedures to improve internal controls, compliance and efficiency
• Lead the process for internal controls reviews across the SFL
• Deliver adequate and timely reporting on the internal control framework and control deficiencies to ensure appropriate communication, documentation, escalation to business partners, senior leadership and audit committee
• Deliver adequate and timely action plans and monitor progress to address and resolve control deficiencies
• Work collaboratively with business and process owners to implement and monitor remediation efforts that result from internal control assessments, ensuring the effective implementation of corrective action.
• Actively seek standardization and automation, apply and implement best practices for managing internal controls and deploy innovative technology where possible to enhance and continuously improve the design and operating effectiveness of the controls, documentation, assessment and review procedures
• Actively engage with internal and external auditors to ensure consideration and resolution of all relevant risks and audit findings
• Develop and conduct adequate training and prepare related information material on the internal control objectives, approach and methodology to business partners on a regular basis to build knowledge and understanding of risks and control.

Requirements

• Bachelor's Degree
• Candidate must have 15 years experience in a Financial Institution.

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Location: Victoria Island, Lagos

Job Description

• Monitoring and managing the organisation's bank relationships and liquidity management
• Managing foreign currency exposure and foreign currency payments
• Analysing various scenarios and risks and reporting to senior management
• Forecasting of medium and long- term funding and hedging requirements (if applicable)
• Daily cash management
• Debt facilities management
• Interest rate risk management and development of risk mitigation strategies
• Foreign exchange risk management and development of foreign exchange risk mitigation strategies
• Allocates cash balances, maintains investment records, and prepares expense and earnings forecasts
• Ensures policies and procedures meet the organization's objectives, needs, and regulatory body requirements.
• Determine procurement of funds and monitors investments and collections.

Key Performance Indicators

• Cash visibility percentage estimation
• Percentage of payments succeeding first time
• Funding buffer
• Cost of funds performance
• Investment portfolio liquidity
• Hedge ratio
• Retrospective hedge effectiveness.

Requirements

• Candidates should possess a Bachelor's Degree qualification
• Candidate must Possess minimum of 7 years experience in a similar role in a Financial Institution.

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Location: Victoria Island, Lagos

Job Description

• Provide leadership and management to the financial department
• Provide financial strategy recommendations to CEO and executive team
• Identify and address potential financial risks for the company
• Oversee all financial decisions, such as budgeting and auditing
• Implement strategies and systems to improve financial performance
• Support financial department in developing short- and long-term financial goals
• Review financial reports and determine methods to reduce costs
• Serve as a key point of contact for financial department and auditors
• Prompt presentation of the Monthly & Annual Management Account
• Ensuring that financial audits are well and promptly carried out
• Manage Tax agencies, while ensuring that there are minimal Tax related issues by ensuring prompt payment of all Taxes (WHT, WAT, PAYE, etc)
• Ensure Treasury Management is up to date and effective
• Oversee Cashflow and Liquidity position of the company.

Requirements

• Candidates should possess a Bachelor's Degree in relevant fields.
• Candidates must possess a minimum of 15 years experience in a Financial Institution.