Head, Internal Audit and Compliance at Personal Trust Microfinance Bank Limited
Employment Nigeria
14-Mar-2024
₦Not Available
LAGOS ,
Banking and Finance
Personal Trust is a Microfinance Bank in Lagos and a subsidiary of First Ally Capital Limited (FACL). Formerly known as Personal Trust Savings and Loans, the Bank was registered in 1993 and operated as a Mortgage Bank until its conversion to a Microfinance Bank in 2014. Personal Trust has a branch network at strategic locations in Lagos State and provides banking services to individuals, and micro, Small and medium enterprises (MSME).
We are recruiting to fill the position below:
Job Title: Head, Internal Audit and Compliance
Location: Lagos Mainland, Lagos
Employment Type: Full-time
Job Summary
- The Head of Internal Audit & Compliance is responsible for the development, management and evaluation of internal control systems in the Bank.
- The job holder develops and implements the annual internal audit program and ensures that the audit objectives are met.
- The job holder provides reasonable assurance about the effectiveness and strength of internal controls.
Duties and Responsibilities
- Develops an annual risk-based internal audit plan and oversees the implementation of the approved plan
- Ensures methodical documentation of work plans, testing results, conclusions, and recommendations, and ensures follow-up on findings and corrective actions.
- Provide technical assistance with investigations and special audits, and provide subject-matter expertise as needed.
- Remains current on audit regulatory oversight trends and develops a risk-based approach incorporated into the annual audit plan.
- 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.
- Provides feedback and recommendations on business risks and improves operational efficiencies and processes where appropriate.
- Directs the work of external auditors to ensure the audit work remains within the prescribed guidelines.
- Coordinates and assists with the preparation of Audit Committee materials and participates in audit committee meetings
- Investigates and reports to the Audit Committee on activities reported through the Hotline/Whistleblower processes and assists in investigations.
- Initiates policy and process reviews, including ensuring they are up-to-date with all legislations and best practices
- Using problem-solving and critical thinking skills to quickly identify internal control deficiencies, evaluate their risk implications, and draw the appropriate conclusions
- Lead the setup of the enterprise risk assessment for the bank and develop a risk log
- Conduct follow-up reviews of financial, operational, or regulatory compliance deficiencies noted during audits.
- Implements the anti-fraud campaign and assesses compliance
- Prepares monthly regulatory renditions and returns
- Flexibility to carry out any other task as requested by Management
Qualifications
- HND / B.Sc. in IT, Information Systems, Mathematics, Accounting, Banking and Finance, or a related field
- Evidence of completion or exemption from NYSC
- Evidence of ICAN certification is an added advantage
- Evidence of completion of the Microfinance Certification program
Experience:
- A minimum of five (5) years experience in Internal Audit in a Microfinance Bank, financial institution or audit firm
- Prior managerial experience in a similar role or capacity
- In-depth knowledge of Internal control framework for the Microfinance Industry
Skills:
- Strategy planning and implementation
- Organization and time management abilities
- Leadership, team management and mentoring
- Outstanding communication and people skills
- Extensive knowledge of all regulatory policies and procedures
- Proficient writing and delivery of presentations and documentation
- Risk Management techniques
- Proficient writing and delivery of presentations and documentation
- A logical approach to identifying and evaluating issues and problem-solving
- Meticulous attention to detail and accuracy
- Ability to multi-task and meet tight deadlines
- Ability to interact with senior management and stakeholders, including regulators
- Proficient in the use of MS Office Suite
- Unquestioned personal integrity with strong ethics and values.
Deadline: 14th March, 2024.
Method of Application
Interested and qualified candidates should send their CV to: recruitment@personaltrustmfb.com using "Head, Internal Audit & Compliance" as the subject of the mail.
Sorry the application deadline for this job has elapsed
