Location: Mainland- Lagos state
Sector: Microfinance Banking
Reports To: Managing Director / Board Audit Committee
We are seeking a seasoned, highly analytical, and ethical professional to lead our Internal Control and Audit department. The Head of Internal Control & Audit will be responsible for developing and executing a comprehensive internal audit program, ensuring strict regulatory compliance, safeguarding bank assets, and improving the overall operational efficiency of the institution.
The ideal candidate will have a deep understanding of CBN regulations, risk management, and microfinance banking operations, coupled with an uncompromising stance on integrity.
Key Responsibilities
Audit Planning & Execution: Formulate, implement, and manage the annual risk-based internal audit plan to assess the adequacy and effectiveness of the bank's internal controls.
Regulatory Compliance: Ensure full compliance with Central Bank of Nigeria (CBN) regulations, NDIC guidelines, and other relevant statutory requirements.
Risk Assessment: Identify, assess, and evaluate operational, financial, and credit risks across all branches and departments.
Investigation & Fraud Prevention: Lead investigations into suspected fraud, forgeries, or operational lapses and recommend appropriate disciplinary or corrective actions.
Financial & Operational Reviews: Review accuracy and reliability of financial reports, loan disbursements, and general ledger reconciliations.
Reporting: Prepare and present independent, objective, and timely audit reports to the Managing Director and the Board Audit Committee.
Internal Control Maintenance: Continuously review and update the bank's internal control policies to plug loopholes and adapt to evolving security or operational needs.
Requirements & Qualifications
Education: Bachelor's degree in Accounting, Finance, Economics, or a related discipline.
Professional Certification: Must be a Chartered Accountant (ICAN or ACCA). Certifications such as CISA, CIA, or CFE are a distinct advantage.
Experience: * Minimum of 5 - 10 years of experience in internal control, audit, or risk management within the banking sector.
At least 3 years in a senior or managerial role (Microfinance experience is highly preferred).