Internal Control Officer

Control Monitoring & Compliance:

• Monitor daily banking operations to ensure compliance with approved internal policies and regulatory standards.
• Conduct routine checks on branch activities, transactions, and operational processes.
• Ensure adherence to CBN regulations, NDIC guidelines, and internal operational procedures.
• Identify control weaknesses and recommend corrective actions.

Risk Identification & Mitigation:

• Support the identification and assessment of operational, financial, and compliance risks.
• Escalate control breaches, suspicious activities, and policy violations appropriately.
• Assist in implementing preventive and corrective risk management measures.
• Monitor exceptions and ensure timely resolution of identified issues.

Audit & Operational Reviews:

• Participate in internal reviews, spot checks, and control assessments across departments.
• Verify the accuracy and completeness of operational and financial records.
• Support audit exercises and provide required documentation when necessary.
• Prepare control reports and findings for management review.

Process Improvement:

• Recommend process enhancements to strengthen operational efficiency and reduce risk exposure.
• Support the implementation of internal control initiatives and compliance programs.
• Promote a culture of accountability and operational discipline across the organization.

Documentation & Reporting:

• Maintain accurate records of control activities, investigations, and findings.
• Prepare periodic internal control and compliance reports.
• Monitor the resolution of audit findings and outstanding control issues.

Requirements:

• Educational Qualification: Bachelor's degree in Accounting, Banking & Finance, Economics, Business Administration, or related discipline.
• Professional Qualification: ACA, ACCA, ICAN, CICRM, or related certification is an added advantage.
• Experience: Minimum of 2 years relevant experience in internal control, audit, compliance, or banking operations.
• Previous experience within a microfinance bank or financial institution is highly preferred.
• Internal control procedures
• Banking operations and compliance
• Risk assessment techniques
• Financial and operational reporting
• Fraud detection and prevention
• Microsoft Excel and reporting tools
• Knowledge of banking applications and core banking systems will be an added advantage.

Success Indicators:

• Compliance adherence levels
  
• Reduction in operational losses and control breaches
• Timeliness and accuracy of control reports
• Effectiveness of risk monitoring activities
• Resolution rate of identified control issues
• Operational process improvement contributions