Latest Vacancies at Umba

Job Description

• Reports directly to the Board through the Board Audit and Risk Committee with a dotted line to the general manager.
• The main functions of the Internal Audit Role are to ensure that the Bank has an internal audit plan for the year that is executed effectively, that continuous spot checks are carried out to ensure that operations are carried out in accordance with policies and procedures, that any breaches of policy are immediately reported to the Board Audit Committee, that all risks within the business are identified, have owners and have mitigating controls in place, and to create an environment where risk and control are clearly understood and is taken seriously by all staff.
• Furthermore, the Internal Audit Manager is expected to play an important role in inputting the efficiency and effectiveness of the Bank.

Responsibilities

• Responsible for presenting an annual Internal Audit Plan to the Board Audit and Risk Committee for consideration and approval,
• The execution and reporting of results with respect to the Internal Audit Plan.
• Ensuring that the Bank has a current and effective Risk and Control register in place.
• Carrying out spot checks against the Bank’s Policies and Procedures and reporting the results of these spot checks to the Board Audit and Risk Committee.
• Tracking and reporting on the progress of agreed Management Actions in relation to Internal Audits or spot checks.
• Evaluate and assess the effectiveness and adequacy of the internal control systems.
• Review the effectiveness of the entire risk management framework.
• Review ICT systems, including the Core Banking system, Mobile banking services, and any other peripheral and independent systems used to process customer transactions and bank information (e.g., Payroll systems e.t.c)
• Ensuring compliance with all regulations and reporting all breaches to management and the Board Audit and Risk Committee immediately.
• Ensuring that all policies, procedures, and process maps are current, appropriate, and effective (responsible for oversight, not production which is the responsibility of the relevant business functional holders
• Keeping abreast of all regulatory changes/ proposed changes and advising management appropriately.
• Providing Risk Management and any other relevant training to all staff.
• Carry out Risk Assessments on new products and services.
• Carry out Risk and Control assessments of all outsourced services.
• Identify process breakdowns and operational loopholes and recommend mitigation measures and cost savings.

Qualifications and Experience

• A Certified Public Accountant having completed the relevant professional exams
• An honors First Degree from a recognized university.
• 2-3 years experience of Internal Audit/ Risk Management experience in a regulated Financial Institution.
• S/He must demonstrate good knowledge of the Revised Regulatory and Supervisory Guidelines for Microfinance Banks (MFBs) in Nigeria (2012), Exposure Draft of the Guidelines for the Regulation and Supervision of Microfinance Banks in Nigeria (2019), and banking best practice.

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Job Description

• The Junior Finance Officer is a role reporting to the Finance Manager.
• This position is responsible for supporting the Finance function to manage all finance, Accounting, Tax, Regulatory reporting and Treasury activities for the Bank.
• The incumbent will be responsible for ensuring accurate accounting data is captured, investigations for variances are carried out and closed on time, management accounts are generated, daily reconciliations are done and statutory reports are prepared on time for approval by the Finance Manager for forwarding to the Central Bank among other responsibilities.

Responsibilities

• Manage all trade payables and receivables by ensuring the appropriate payments are processed within the prudential timelines and receivables are pursued and collected within the agreed period.
• Process invoices
• Ensure all transactions that are done off the Core Banking System are booked in the Accounting system.
• Prepare monthly, quarterly and annual financial reports
• Reconciliation of bank statements and failed transactions both in the Core Banking System and the Accounting system
• Participate in financial audits.
• Participate in the annual budget process, forecasting and all other financial planning exercises in consultation with the Finance Manager.
• Prepare all financial related regulatory returns in a timely manner on time for approval by Finance manager before forwarding to the Central Bank of Nigeria.
• Responsible for timely preparation of tax reports
• Participation in considering and inputting assumptions in the IFRS model and ensuring they are current and appropriate and that the outputs are accurate.
• Monitoring all regulatory financial ratios and escalating any adverse trend on any ratio to the Finance Manager to alert the management team for appropriate action.
• Ensure all crucial financial administrative records are archived and are accessible in case of need.
• Manage payroll and ensure staff salaries are processed on a timely manner reflecting all pre-payroll changes and ensure all statutory deductions are remitted to the respective agencies.

Qualifications and Experience

• Bachelor's Degree in Accounting, Economics, Business or any other relevant field.
• Must have banking experience.
• Minimum of 1 year experience in a similar role, in a regulated financial institution.
• Professional qualification in Accounting
• Member of a professional body.
• Must have a good grasp of the CBN Microfinance Banking Guidelines.
• Have in-depth accounting Knowledge.