Head, Internal Audit & Compliance Job at Praise Microfinance Bank

We are currently recruiting to fill the management position below which is required as part of our licensing process:

Job Position: Head, Internal Audit & Compliance
Job Location: Benin, Edo
Employment Type: Full-time

Details

• The Head of Internal Audit & Compliance is responsible for the development, management and evaluation of internal control systems in the Bank.
• The Internal auditor develops and implements the annual internal audit program and ensures that the audit objectives are met.
• The job holder provides reasonable assurance on the effectiveness and strength of internal controls.

Duties and Responsibilities

• Develops an annual risk-based internal audit plan and oversee the implementation of the approved plan
• Ensures methodical documentation of work plans, testing results, conclusions and recommendations and ensures follow up on findings and corrective actions.
• Provides feedback and recommendations on business risks and improving operational efficiencies and processes where appropriate.
• Directs the work of external auditors to ensure the audit work remains within the prescribed guidelines.
• Coordinates and assist with the preparation of Audit Committee materials and participate in audit committee meetings
• Provide technical assistance with investigations, special audits, and provide subject-matter expertise as needed.
• Remains current on audit regulatory oversight trends and develop a risk-based approach incorporated into the annual audit plan.
• Performs regular bank-wide risk assessment to identify significant risks or exposure related to internal controls or compliance with regulatory requirements, efficiency of operations, and accuracy of financial reporting.
• Investigates and report to the Audit Committee on activities reported through the Hotline/Whistleblower processes and assist in investigations.
• Initiates policy and process reviews including ensuring they are up to date with all legislations and best practices
• Using problem solving and critical thinking skills to quickly identify internal control deficiencies, evaluate their risk implications, and draw the appropriate conclusions
• Lead the setup of the enterprise risk assessment for the bank and developing a risk log
• Conduct follow-up reviews of financial, operational, or regulatory compliance deficiencies noted during audits.
• Implements the anti-fraud campaign and assess compliance
• Prepares monthly regulatory renditions and returns
• Flexibility to carry out any other task as requested by Management

Qualifications

• Minimum of Degree in Accounting / Finance
• Minimum of 5 year of Professional Experience
• Minimum of 3 years of experience in Internal Audit & Compliance Department of reputable microfinance bank
• ICAN / ACCA / CFA Qualified
• Evidence of completion of CIBN Microfinance Certification program.

Skills:

• Strategy planning and implementation
• Outstanding communication and people skills
• Extensive knowledge of all regulatory policies and procedure
• Organization and time management abilities
• Leadership, team management and mentoring
• Proficient writing and delivery of presentations and documentation

Risk Management techniques:

• Proficient writing and delivery of presentations and documentation
• Logical approach to identifying and evaluating issues and problem solving
• Meticulous attention to detail and accuracy
• Proficient in the use of MS Office suit
• Unquestioned personal integrity with strong ethics and values.
• Ability to multi task and meet tight deadlines
• Ability to interact with senior management and stakeholders, including regulators

Remuneration
Highly competitive

Method of Application 
Interested and qualified candidates should send their Applications to: praisembjobs@gmail.com using the Job Position as the subject of the email.