Head of Internal Control

Requirements

• Design, implement, and monitor internal control policies and procedures in line with CBN guidelines for microfinance banks.
  


• Identify, assess, and manage operational, credit, financial, and compliance risks.
  


•  Ensure adequate segregation of duties across all functions, especially cash handling, loan processing, and reconciliations.
  

• Ensure full compliance with CBN regulations and other applicable laws.
  


• Monitor adherence to internal policies, operational manuals, and regulatory limits.
  


• Prepare and submit internal control reports required by regulators and management.
  

•  Conduct regular branch and head office control reviews.
  


•  Review loan documentation, disbursement processes, and recovery activities to ensure compliance.
  


•  Investigate fraud cases, control breaches, and irregularities and recommend corrective actions.
  


• Follow up on internal and external audit findings to ensure timely resolution.
  

• Review daily transactions, cash management processes, and reconciliations.
  


• Monitor expense controls, revenue assurance, and asset safeguarding.
  


• Ensure proper authorisation limits are observed at all levels.
  

• Prepare periodic internal control, risk, and compliance reports for management and the Board.
  


• Advise management on control weaknesses and process improvements.
  


• Support external auditors and regulatory examiners during audits and inspections.
  Leadership & Capacity Building
  


• Supervise and mentor internal control officers and branch control staff.
  


• Promote a strong compliance and risk culture across the bank.
  


• Conduct staff sensitisation on internal controls, ethics, and fraud prevention.
  

• Bachelor’s degree in accounting, finance, banking, business administration, or a related discipline.
  


• Professional qualifications such as ICAN, ACCA, CPA, CIA, or CISA are strongly preferred.
  


• A minimum of 5–10 years of experience in internal control, audit, or risk management, preferably within a microfinance or deposit-money bank.
  


• Strong knowledge of CBN microfinance bank regulations and banking operations.
  

• Strong understanding of microfinance operations and credit processes
  


• High level of integrity and independence
  


• Strong analytical, investigative, and reporting skills
  


• Attention to detail and sound judgment
  Excellent leadership and communication skills
  

Benefits

Remunerations: 600,000k - 1.2Million Net (700K - 1.5Million Gross.)

Other Benefits: HMO for a family of 3, End of year, Pension, 13th month, and other company wide benefits.