Head, Risk Management, Audit, Control & Compliance

Fadac Resources

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Fadac Resources - Our Client is a Microfinance Bank which offers comprehensive, affordable, dependable and specialized financial solutions to enterprising and burgeoning small and medium-size enterprises in Nigeria.

Job Description

  • Manage operations of audit department to ensure achievement of set objectives and goals
  • Reviewing and advising the management on reliability, adequacy, efficiency, the effectiveness of internal control.
  • Overseeing and ensuring preparation of timely Audit reports to the Board Audit Committee and provide progress reports regarding action taken by management.
  • Conduct Audits in accordance with the approved internal audit plan.
  • Determining process and procedures are adequate to prevent and detect fraud, suppression, theft or misappropriation of funds.
  • Carrying out constant checks to ensure adherence to internal control policies and procedure on segregation of duties.
  • Carry out audit investigation of each unit in accordance with the approved audit plan.
  • Report on Anti-Money Laundering policy of CBN, NDIC, EFCC, ICPC and other relevant bodies.
  • Reviewing and preparing the bank compliance ratios and compare side by side with the regulatory standard ratios to see if the bank is falling short of the standard and give a recommendation on the way forward.
  • Reviewing of daily call over report.
  • Prevent and detect fraud, suppression, theft or misappropriation of funds.
  • Bank reconciliation statement daily, weekly, and monthly.
  • Correspondent relationship on behalf of the bank.
  • Audit spot check of cashier till and vault.
  • Ensure economical and efficient use of resources.
  • General control activities.
  • Daily monitoring of Tellers till.
  • Reviewing bank reconciliations and other financials.
  • Daily inspection of vault balance etc.
  • Carrying field audit exercise on clients to ensure due diligence (KYC) is carried out on customers.
  • Create and review business continuity and disaster recovery plan.
  • Daily tracking of loan repayment with audit control template.
  • Ensure effective and optimal utilization plan and schedule audit programmes and ensure completion of audits on time.
  • Review and assess audit work done, ensure compliances with the necessary standards.
  • Keep relevant and up to date financial database on audit findings and integrate best practices and systems into the audit programs.
  • Check the collaterals to be pledged and advise the bank on whether to accept such pledged collaterals.
  • Ensure that the customers are satisfied fully by ensuring the credit decision making process is timely.
  • Advise the management and the recovery team the recovery actions to be taken on defaulting account.
  • Asset monitoring and maintain verifiable asset register and routine asset scanning.
  • Periodically do portfolio analytics to discover the changing trends and behaviors of customers in trying to discover the factors that are affecting their repayment.
  • Effectively use the credit bureau [credit check]-XDS, CRC to discover customers who are either too exposed [over leveraged] or who have unfavorable credit records.

Job Requirements

  • HND/BSc in Accounting, Management, Banking, and Finance or related disciplines.
  • At least 3 years in the above-stated role
  • Possession of professional qualification such as ICAN, CIBN will be an added advantage.

Skills and Attributes Required:

  • Unquestioned personal integrity with strong ethics and values.
  • Capable of working independently and with minimum supervision.
  • Good interpersonal skills with a proven ability to communicate effectively [Both written and verbal] with all level within the organization.
  • Strong analytical capability

Note: 

  • Do Not Apply if you Do Not meet the above requirements!

This job originally appeared elsewhere.

Summary

Company

Fadac Resources

Job Level

Manager (Staff Supervisor/Head of Department)

Location

Lagos

Specialization

Accounting / Audit / Tax

Job Type

Full-Time

Minimum Qualification

HND

Preferred Years of Experience

3 - 5 years