Career at Infinity Trust Mortgage Bank PLC (ITMB)

Employment Nigeria 18-Jan-2016 ABUJA , Banking and Finance Audit

Infinity Trust Mortgage Bank PLC (ITMB) was licensed in 2002 and started business operations in 2003, precisely, 10 years ago. Its registered trade mark - Infinity Homes is a reflection of the strong desire of the Bank to create endless opportunities for shelter for every category of Nigerians. Infinity Homes is well capitalised with shareholders funds in excess of N 4.5 billion unimpaired by losses as at December 2012 making it one of the most capitalised Primary Mortgage Banks in Nigeria.

POSITION : Internal Control Officer

Job Description

Build a strong compliance environment to ensure zero level of policy, procedures and regulatory infractions.
Ensure prompt and effective call over of branch transactions.
Build strong awareness in branch staff on all policy and procedures issues; zero tolerance for open GL Items, unreviewed transactions and income leakages

Key Responsibilities

Call over of Transactions as per the approved threshold.
Review of expense and cash advances and ensure conformity with laid-down policies.
Carrying out security sweep at least once in a month.
Ensure complete and accurate recognition of all fees and charges on every relevant account.
Review of Fixed Asset Register
Review KYC compliance.
Carrying out spot checks and review of activities in the branches under coverage, cash count and vault administration, funds transfer, ensuring adherence to policies and procedures
Review of system exception message report.
Review of GL/P&L Movement Report.
Conduct Seriality checks /test on Managers Cheque/Bank draft in the branches under coverage.
Review of Suspense/Transit/Proxy Accounts.

Key Performance Measures:

Control Adequacy rating from Internal Audit.
Promptness and effectiveness of call over of transactions.
Integrity of the GL accounts in the Business offices of the region.
Promptness, Accuracy and Validity of Exception Reporting/Rendition of all Control Activity Reports
Effectiveness at follow up to ensure that Internal Audit recommendations are implemented
Quantum of undetected regulatory/statutory infractions from External Auditor and Regulators reports.
Quality and Timeliness of losses and loss events reporting in processing areas
Undetected Income leakage/P&L reversal arising from undetected processing errors

Qualifications

A first degree or its equivalent in accounting or audit.
Professional qualification in Accountancy or Audit would be an added advantage.

Experience:

Work experience of between 2 and 4 years in banking operations

Required Competencies
Internal relationships:

The need to maintain a wide network with key stakeholders in the Bank. service.

Technical Competencies:

Report writing/Investigation skill
Banking operations experience
Interpretation of ML (P) Act 2004 & CBN KYC Manual 2003.

Personal Competencies:

Excellent interpersonal skills
Attention to details

Sorry the application deadline for this job has elapsed

Disclaimer: Though we make every effort to verify the authenticity of our posts, We're in no way affiliated to any of these companies whose vacancies we publish.
Note : Do not pay any fees to Employers for recruitment. To report and to view a list of fake recruiters in Nigeria, . Click Here

Career at Infinity Trust Mortgage Bank PLC (ITMB)

SIMILAR JOBS

MOST RECENT JOBS

GET FREE JOB ALERTS

POPULAR JOBS

Employment Nigeria

Job Seekers

Employers

Contact