Head, Internal Control and Audit (Financial Services)

Location: Lagos, Nigeria

Industry: Registrar Services

Work Schedule: Hybrid 

About the Company: Our client is a leading securities register and data management provider in the Nigerian Capital Market.

The Company is seeking to hire a well-experienced Head, Internal Control and Audit professional who will ensure robust internal controls, regulatory compliance, and accuracy in registrar operations through effective audit and risk management practices.

Key Responsibilities:

§  Responsible for conducting ongoing review of internal controls, operating procedures, and compliance with policies and regulations

§  Responsible for designing the company's annual audit plan

§  Responsible for conducting periodic audits of various units within the firm

§  Reviews and appraises the soundness, effectiveness, and proper application of accounting and financial controls

§  Performs periodical risk assessments; analyses current risks and identifies potential risks that may affect the company

§  Responsible for compiling SEC reports and returns

§  Responsible for carrying out investigations as may be assigned or deemed necessary

§  Set a risk and compliance framework for the firm in line with the firm’s principles and culture

§  Proactively guide the integration of risk management with other organizational planning and management activities

§  Attend Board Audit and Risk Committee meetings, and any other duties assigned by Management

§  Attend Board Audit and Risk Committee meetings, and any other duties assigned by Management

§  Stay abreast of contemporary industry practices and knowledge

Requirements

§  Minimum of a first degree in Accounting, Finance, Economics, or Business Administration with relevant

§  Professional qualification in e.g., ACCA, ACA, ICAN, CIA.

§  A Master’s Degree in any of the above fields is an added advantage

Key Experience

§  At least 8 years in a similar role in the financial industry

§  At least 7-10 Years’ relevant experience in a registrar's firm or finance house, which should be in a managerial capacity.

General Key Performance Indicators:

§  Zero fraudulent transactions

§  Effectiveness of risk mitigation strategy

§  % of costs incurred due to risks

§  % of staff trained in risk management techniques

§  % of risk issues exceeding defined risk tolerance without action plans

§  Frequency and severity of risk occurrence

§  Responses to requests in 24 hours or less

§  Accuracy of reports

§  Number of delinquent transactions

§  % Error Rate in Corporate Actions Processing

§  % Regulatory Compliance Rate

Benefits