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Full Time |
Lagos |
Posted 1 month ago |
We are recruiting to fill the position below:
Job Title: Internal Control Analyst
Location: Ikoyi, Lagos
Employment Type: Full-time
Job Description
- Renmoney is seeking a detail-oriented Internal Control Analyst to join our team.
- In this role, you will be responsible for evaluating the effectiveness of internal controls and ensuring compliance with regulations and company policies.
- You will work closely with various departments to identify control weaknesses and develop strategies to mitigate risks.
- The ideal candidate will have a strong understanding of internal control principles and possess excellent analytical and problem-solving skills.
Responsibilities
- Evaluate the effectiveness and efficiency of internal controls to ensure compliance with regulations and company policies.
- Conduct daily review on account opening, deposits, loan disbursements, liquidation, expenses, and necessary documentations.
- Conducts periodic review of sales commission, incentives to debt collectors’ agents and recovery team.
- Provide assurance that controls are in place and are effective and adequate and make practical recommendations to management to minimize risk resulting from poor internal controls.
- Ensure staff complies with internal code of conducts, policy and regulations on transactions initiated by the bank to avoid operational losses.
- Perform periodic reconciliations and call- over to identify, investigate and provide recommendations on variance noted and institute the necessary controls.
- Conduct review of transactions within the Bank statement and associated reconciliations.
- Leverage information technology to automate routine control checks and provide platform for robust data analytics to provide insights to management on risk and controls
- Identify and assess areas of significant business risk as well as reduce all business and financial risks through effective implementation and monitoring of controls.
- Support the institutionalizing of Internal control framework and continuously evaluate the adequacy of these controls.
- Support the continual review and assessment of the effectiveness and efficiency of policies, procedures and processes across the organization and identify improvement opportunities.
- Coordinate revenue assurance and quality assurance programme to ensure revenues of the company are properly accounted for and to ensure all revenue leakages are blocked.
- Evaluate new laws and regulations and stay abreast of all legislative and regulatory developments both locally and globally that might have an impact on the Company.
- Oversee change management process to ensure operational requests are duly implemented.
- Ensure submission of regulatory returns as at when due
- Ensure accurate calculation of interest as well as confirm accuracy of daily interest income.
- Conduct spot checks, stock take, and other functions as may be assigned from time to time.
Qualifications
- B.Sc. Degree in any field
- Membership of a recognized risk/Accounting related professional body (e.g. ICAN/ ACCA/CFE/CIA/CISA/CISM/CRISC etc.)
- Minimum of 5 years’ experience in Internal Control/Audit function
- Strong knowledge of control frameworks (such as COSO framework and Basel Corporate Governance Principles) and the ability to design and evaluate effectiveness of controls embedded within business processes
- Strong knowledge of risks identification, assessment, and management frameworks
- Excellent report writing and presentation skills
- Thorough knowledge of relevant legislation and regulatory requirements as well as the ability to translate these into appropriate policies and procedures
- Ability to manage projects and when required, follow sound internal control practices to manage risks appropriately
- Knowledge of ACL/SQL for database query
- Detail-oriented and ability to work and interpret figures and other financial information.
- Demonstrates curiosity and enthusiasm for learning. • Demonstrates strong organizational and time management skills.
- Demonstrates commitment to ethical standards and high level of integrity.
- Demonstrates analytical and problem-solving skills.
- Good appreciation and working knowledge of Microsoft Office tools.
- Good interpersonal and negotiation skills.
Benefits
- You’ll work on solutions to complex, real-world challenges with tangible social and economic impact.
- You will receive competitive compensation and work with passionate teammates in a flat, performance-driven culture.
Application Closing Date
Not Specified.
Deadline: August 31, 2024
Job Features
Job Category | Internal Control Manager |