Internal Audit & Compliance Head at Personal Trust

Job Position: Head, Internal Audit & Compliance

Job Location: Lagos Mainland, Lagos

Job Description

1. The Head of Internal Audit & Compliance is responsible for the development, management and evaluation of internal control systems in the Bank.
2. The Internal auditor develops and implements the annual internal audit program and ensures that the audit objectives are met. The job holder provides reasonable assurance on the effectiveness and strength of internal controls.

Job Responsibilities

1. Develops an annual risk-based internal audit plan and oversees the implementation of the approved plan
2. Ensures methodical documentation of work plans, testing results, conclusions, and recommendations, and ensures follow-up on findings and corrective actions.
3. Provide technical assistance with investigations and special audits, and provide subject-matter expertise as needed.
4. Remains current on audit regulatory oversight trends and develops a risk-based approach incorporated into the annual audit plan.
5. Performs regular bank-wide risk assessment to identify significant risks or exposure related to internal controls or compliance with regulatory requirements, efficiency of operations, and accuracy of financial reporting.
6. Provides feedback and recommendations on business risks and improves operational efficiencies and processes where appropriate.
7. Directs the work of external auditors to ensure the audit work remains within the prescribed guidelines.
8. Coordinates and assists with the preparation of Audit Committee materials and participates in audit committee meetings
9. Investigates and reports to the Audit Committee on activities reported through the Hotline/Whistleblower processes and assists in investigations.
10. Initiates policy and process reviews, including ensuring they are up-to-date with all legislations and best practices
11. Using problem-solving and critical thinking skills to quickly identify internal control deficiencies, evaluate their risk implications, and draw the appropriate conclusions
12. Lead the setup of the enterprise risk assessment for the bank and develop a risk log
13. Conduct follow-up reviews of financial, operational, or regulatory compliance deficiencies noted during audits.
14. Implements the anti-fraud campaign and assesses compliance
15. Prepares monthly regulatory renditions and returns
16. Flexibility to carry out any other task as requested by Management

Job Requirements

1. HND / B.Sc. in IT, Information Systems, Mathematics, Accounting, Banking and Finance or a related field
2. Evidence of completion or exemption from NYSC
3. Evidence of ICAN certification is an added advantage
4. Evidence of completion of the Microfinance Certification program

Experience:

1. A minimum of five (5) years experience in Internal Audit in a Microfinance Bank, financial institution or audit firm
2. Prior managerial experience in a similar role or capacity
3. In-depth knowledge of Internal control framework for the Microfinance Industry

Skills:

1. Strategy planning and implementation
2. Organization and time management abilities
3. Leadership, team management and mentoring
4. Outstanding communication and people skills
5. Extensive knowledge of all regulatory policies and procedures
6. Proficient writing and delivery of presentations and documentation
7. Risk Management techniques
8. Proficient writing and delivery of presentations and documentation
9. A logical approach to identifying and evaluating issues and problem-solving
10. Meticulous attention to detail and accuracy
11. Ability to multi-task and meet tight deadlines
12. Ability to interact with senior management and stakeholders, including regulators
13. Proficient in the use of MS Office Suite
14. Unquestioned personal integrity with strong ethics and values.

Application Deadline
3rd January, 2023.

How to Apply
Interested and qualified candidates should send their CV to: recruitment@personaltrustmfb.com using “Head, Internal Audit & Compliance” as the subject of the email.