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Head, Internal Control Manager Bachelor Degree Job

2024-07-30 09:27   Accounting / Financial Services   Lagos   71 views
Job Details

Role Summary

The Head of Internal Control works with the internal business customers to help develop and improve governance, processes, systems, controls, and understanding of risks.
He/She shall develop and implement internal control frameworks of the bank.
Responsible for planning, executing, and reporting audits, including advising on control and risk issues and reporting directly to the Board of Directors and the MD with interface with the Chief Financial Officer, & Head of Enterprise Risk Management & Compliance.

Accountabilities

Operational Risk Management:

Continually carry out control assessments within the bank and service center operations and technology and assure the first-line management of the effectiveness of control assessments across the bank.
Identify and communicate identified internal control risks through the collection and analysis of internal control evidence.
Work collaboratively with business process owners to implement and monitor remediation efforts that result from internal control assessments, ensuring the effective implementation of corrective actions.
Tracking exceptions highlighted during the reviews to ensure they are closed satisfactorily within the set time frames.
Pursue the development of effective controls by deploying continuous improvement techniques and partnering with the business to determine the appropriate key control activities. Focus on preventive controls as well as detective control systems.
Collect data to identify root causes of problems, identify trends, formulate solutions, and escalate potential issues as necessary.
As a subject matter expert, you will guide stakeholders on control issues in all the business units.
Assess regularly, the existing key business controls against the risk control expectations to measure the level of control effectiveness, efficiency, and relevance in risk mitigation.
Report risk events, policy deviations, and risk exceptions, and engage appropriate stakeholders on timely remedial actions; escalate key risk situations that pose significant risk.

Business Continuity Management:

Participation in mass debt recovery action as may be organized by the debt recovery committee.
Ensure all financial reporting risks are mitigated either through controls or compensatory activities. This includes daily/weekly/monthly examination of the GLs to ensure posted transactions are authentic and in the right amount/form.

Process Improvement:

Coordinate the implementation of all Moneytrust Governing policies, manuals, procedures, and processes with the owners within the organization.
Identify process gaps, within the organization and drive documentation and implementation of processes ensuring that necessary controls are embedded within such processes.
Coordinate the implementation of the Internal Control (ICFR) Framework on designated areas as per Moneytrust methodologies.
Support in improving awareness of internal control processes among the stakeholders.
Execute work, taking into consideration internal audit best practices and following Moneytrust guidelines. Also catering to relevant regulations, specifically – CBN.
Provide Management weekly and monthly reports as required.
Perform all other tasks as may be assigned.

Requirements

BSc. or Master’s degree in Accounting, Banking, Finance, Economics, or any other financial-related fields
Must have 4 - 5 years’ experience working as a Head of Internal Control of a Microfinance Bank or a Commercial Bank.
CPA/ACA/CIA. Any of these certifications will be an added advantage

Technical Competencies:

Microsoft Office Suites &SQL
Must have Hands-on experience using BankOne Software
Must have a practical Banking Compliance &Regulatory Knowledge
Must have strong conceptual and Analytical Skills
Must have technology Audit Knowledge
Must have experience in control/audit of reconciliation of volume of transactions.
Ability to comprehend and interpret policies, procedures, laws, regulations & guidelines.
Great understanding of the operations environment and all-around knowledge of how all units within the bank operate.

Behavioral Competencies:

Leadership Skills – Ability to work and inspire team performance to achieving high degree of job performance and influence.
Communication Skills – Have excellent written and verbal communication skills and also be able to convey ideas &positions clearly.
Planning &Organizing – Ability to establish priorities, plan, coordinate, and monitor own work plan.
Collaborative Skills – Ability to work effectively with a team in carrying and executing assignments.

Other Benefits:

Tuition Reimbursement
Health Insurance
Pension
Group Life Insurance

Company Description
Trustfund Microfinance Bank Ltd was incorporated as a wholly indigenous limited liability company poised to provide customers with the financial support to alleviate poverty using dedicated and well motivated staff. We are committed to being among the top micro finance banks in Nigeria.
Our range... read more of products and services are unique and they are designed to be relevant to the entrepreneur in both micro, small and medium enterprise. They cut across Microsavings, Loans, Microlease, Capacity building, Financial advisory services and Enterprise Banking.