Head Internal Control

Responsibilities:

Internal Audit Management:

• Develop and implement a comprehensive internal audit strategy and annual audit plan.
• Conduct periodic audits across all departments (operations, finance, credit, IT, etc.
• Evaluate the effectiveness of internal controls and risk management systems.
• Prepare audit reports and present findings to executive management and the Board Audit Committee.
• Follow up on audit findings and ensure timely resolution of identified issues.

Internal Control Systems:

• Design, implement, and continuously improve internal control frameworks.
• Monitor adherence to policies, procedures, and operational guidelines.
• Identify control gaps and recommend corrective actions.
• Ensure segregation of duties and accountability across processes.
• Drive a culture of compliance and control consciousness within the bank.

Compliance & Regulatory Oversight:

• Ensure full compliance with regulatory requirements, including CBN guidelines and NDPR.
• Monitor regulatory updates and advise management on implications.
• Liaise with regulators, external auditors, and compliance bodies.
• Ensure timely and accurate regulatory reporting.
• Develop and implement compliance policies and procedures.

Risk Management:

• Identify, assess, and mitigate financial, operational, and compliance risks
• Develop and maintain a risk management framework
• Conduct risk assessments and stress testing exercises
• Advise management on risk exposure and mitigation strategies.

Fraud Prevention & Investigation:

• Develop and implement fraud prevention mechanisms
• Investigate suspected fraud cases and report findings
• Recommend disciplinary and control measures to prevent recurrence.

Governance & Reporting:

• Support Board Audit Committee activities
• Prepare periodic reports on audit, risk, and compliance status
• Maintain proper documentation of audit and compliance activities
• Ensure transparency and accountability in all processes

Requirements:

• Bachelor’s Degree in accounting, finance, or a related field
• Mandatory professional certification: ICAN (Institute of Chartered Accountants of Nigeria)
• A minimum of 5 years of relevant experience in audit, internal control, or compliance
• At least 3 years in a leadership or managerial role
• Strong knowledge of microfinance or banking operations
• In-depth understanding of regulatory frameworks (CBN, NDPR, etc.)

Preferred Qualifications:

• Additional certifications (e.g., ACCA, CIA, CISA)
• Experience in a microfinance bank or financial Institution
• Strong knowledge of enterprise risk management frameworks
• Experience working with audit software and data analytics tools