Job Title: Head of Internal Control and Compliance
Location: Lagos
Employment Type: Full-time
Job Description
- Design and revise internal control measures, compliance strategy and framework.
- Identify control lapses and policy inadequacies thorough investigation for a continuous improvement process.
- Design Internal Control work plan and coordinate compliance activities across branches
- Oversee activities of branch internal control officers for maximum effectiveness
- Carry out spot checks on operational activities across all branches and take action on non-compliance issues
- Receive and review all audit and control reports and identify issues for necessary action
- Ensure prompt investigation of fraud & forgery cases, breach of policies/procedures and related matters to a logical conclusion.
- Make recommendation for appropriate preventive/remedial actions and policy amendments based on emerging issues in internal control unit
- Appraise subordinates objectively, and follow up on action points resulting from the appraisal
- Responsible for the overall performance of the unit including, coaching and monitoring of subordinates.
- Carry out staff audit in conjunction with the Human Resources Department
- Recommend and/or facilitate training of Internal Control Officers bank-wide.
- Daily call-over of Head-office transactions
- Weekly and Monthly review of branches’ call-over.
- Oversee the treatment of any exceptions on bank activities and ensure proper documentation.
- Ensure quality portfolio management bank-wide including but not limited to branch visitation.
- Regular review of the bank’s Portfolio at Risk (PAR) in conformity with the bank’s policies.
- Monitor the bank’s assets and identify any obsolete or idle assets for efficient disposal as may be required.
- Ensure monthly review of bank reconciliation statements for all existing bank
- Ensure compliance with statutory deductions.
- Supervise stock counts and follow through to ensure that balances are reconciled with the bank’s books
- Oversee the physical verification of Property, Plant and Equipment (PPE) and monitor its disposal.
- Prepare monthly and quarterly compliance and control reports as required.
- Ensure compliance with regulatory bodies (CBN, NDIC etc.) guidelines.
- Perform other duties and responsibilities, as may be assigned by the Board of Directors and Managing Director
Requirements
Advertisements
- Bachelor’s Degree in Business, Finance, Accounting, or equivalent experience.
- Chartered Accountant (ICAN, ACCA, CPA).
- 5 to 10 years’ experience in accounting, financial management and internal control practices.
HOW TO APPLY
Interested and qualified candidates should send their Resume and Application Letter to: [email protected] using the Job Title as the subject of the mail.
Deadline: July 31, 2023