Job Description
Job Summary
• We are seeking a proactive and experienced Head, Internal Control, Audit & Compliance to strengthen the Bank's internal control framework, ensure regulatory compliance, manage risk, and safeguard the Bank's assets through effective audit and governance practices.
• The Head of Internal Control will provide independent assurance to Management and the Board on the effectiveness of the Bank's control environment.
• The successful candidate will promote a culture of accountability, ethics, and continuous improvement.
Job Description
• Identify, assess, monitor, and report strategic, operational, financial, credit, liquidity, and technology risks.
• Conduct daily and weekly call overs and report findings to management.
• Conduct risk assessments to identify areas of potential vulnerability and recommend appropriate controls.
• Lead, oversee, and manage all areas of the Internal Control/Audit department’s day-to-day operations to ensure KPIs are achieved in line with the company objective.
• Develop and maintain the Bank’s risk register and risk appetite framework.
• Establish robust internal control systems and maker-checker frameworks across all operations.
• Evaluate the effectiveness of internal controls, compliance with policies, and ensure full adherence to relevant laws and regulations such as NDIC, CBN etc.
• Analyze audit results for adequate and effective corrective actions for management.
• Develop and execute a risk-based audit plan covering all units.
• Ensure compliance with Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) regulations and internal compliance policies.
• Develop and implement fraud risk management frameworks.
• Develop and maintain policies, SOPs, and governance frameworks across the Bank.
• Ensure proper documentation of processes and controls.
• Stay informed about industry trends, regulatory changes, and emerging risks.
• Coordinate with the teams for necessary training to the staff for the purpose of improving control adherence.
• Prepare timely report to the Board and the Management.
Requirements
• Bachelor's Degree in Accounting, Banking & Finance, Economics, or any related discipline.
• Minimum of 5 years relevant experience in Risk, Control, Internal Audit & Compliance functions within a Microfinance Bank or other Financial Institution.
• Relevant professional certifications. CIBN MCP certified or will be required to obtain
• Certificate in Microfinance Banking issued by the Chartered Institute of Bankers of Nigeria (CIBN).
• Good communication and excellent problem-solving skills.
• Strong leadership presence, High level of integrity and Professionalism.
• Strong understanding of risk management, internal controls, and corporate governance.
• Must be up to date on industry trends, policies and regulatory guidelines and ensure compliance.
• Ability to work efficiently and effectively across multiple teams.
• Excellent report writing and presentation skills.
