Internal Control Officers(Banking, Lagos & Abuja)

Vacancy : Internal Control Officers

Locations: Lagos & Abuja

Department/Unit: Executive Trainee\-Senior Banking Officer

Job Summary

Monitor activities and operations of the bank to ensure compliance with established policies and procedures as well as regulatory standards.

Key Responsibilities

• Conduct investigations into suspected fraudulent practices across the Corporation and determine/recommend the appropriate line of action in response to findings.
  


• Monitor compliance to with control frameworks in the Bank’s business processes and systems.
  


• Continuously review business and operational risks facing the Bank in order to enforce compliance with recommended control  process.
  


• Work with departmental and units to identify areas of non – compliance, inherent risk, areas of risk exposure and prefer mitigating controls.
  


• Monitor business risk business risk portfolio and continuously seek for ways to eradicate leakages and improve its control systems.
  


• Stay abreast of industry trends, events, issues and developments to enable the development and implementation of appropriate control measures, monitoring mechanism as well as their continuous update/revision.
  


• Ensure Bank\-wide compliance with standard reporting techniques and recommend remedial action as appropriate.
  


• Ensure KYC standards Vet and approve the opening of new Mortgage accounts to ensure they meet minimum KYC standards.
  


• Identify implications of process redesign and system upgrade implementation efforts in a bis to ensure adequacy  of controls post implementation of process.
  


• Review activities of the Bank’s department/unit’s activities to generate report on findings and recommendations.
  


• Prepare and submit periodic activity/management reports to the Board of Directors
  


• Any other activities as assigned by the Head. Internal Audit
  

Skills and Competency Requirements

• Good knowledge of fraud behavior and detection methodologies for a non\-bank financial institution.
  


• Deep knowledge of Nigerian Mortgage Sector  the real estate industry.
  


• Strong analytical skills and attention to details.
  


• Knowledge of regulatory guidelines for the sector and understanding of Mortgage Banking
  


• Knowledge of Corporate Governance
  


• Excellent understanding of process management & planning.
  


• Excellent communication and people management skills.
  


• Strong problem solving and analytical abilities.
  

Specifications

• Bachelor’s degree in Accounting or a degree in any relevant field.
  


• Certification in ACCA or ACA or any relevant professional body will be an added advantage.(not compulsory)
  


• At least 2 years’ experience in Finance Management/Accounting/Audit Role.
  

Key Performance Indicator

• Progressive improvement in the Bank’s risk management/control systems.
  


• Number of fraud/irregularities/sharp practices detected/prevented.
  


• Timely resolution of investigations.
  


• Number of regulatory sanctions.
  


• Queries from external audit reports.
  


• Number of exceptions raised during regulatory examinations.
  


• Turnaround time: Loss reporting.
  


• Error rate: Reports and number of undetected leakages.
  


• Actual vs. budgeted activity level: Adherence to annual audit plan
  

Key Result Areas

• Reduction  in  operational losses
  


• Fraud detection
  


• Production of timely and appropriate audit report
  


• Appropriateness in the level of compliance to regulatory guidelines
  


• safe\- keep  of the Bank’s assets Improved banking operations and processes
  


• Good functional oversight by Board of Directors.
  

Method of Application

Interested and qualified candidates should send their CVs to [email protected] using IAFT\-26 as subject of the mail.