Internal Auditor Job at Otech Microfinance Bank

Otech Microfinance Bank is licensed by the Central Bank of Nigeria (CBN) to operate as a Microfinance Bank. We are focused on provision of financial inclusiveness to Small and Medium Scale Enterprises, Traders, Farmers, the economic active poor and under-served, and those that do not have access to banking services in the rural areas and who are at the bottom of the economic pyramid.

Microfinance Bank is endowed with an active Board made up of men and women who have distinguished themselves in banking, public service and entrepreneurship, and who bring strong competencies to the management of the bank. We are strategically positioned to provide excellent services to our customers and exceed all service expectations.

We are recruiting to fill the position below:

Job Position: Internal Auditor

Job Location: Wuse II, Abuja

Key Responsibilities
Audit Planning & Execution:

• Develop and implement an annual internal audit plan based on risk assessment and management input.
• Conduct scheduled and unscheduled audits across departments and branches.
• Evaluate internal control systems and recommend improvements.

Risk Management & Internal Control:

• Identify potential areas of operational and financial risk.
• Ensure effective internal controls are in place to mitigate financial and reputational risk.
• Monitor adherence to policies, procedures, and regulatory requirements (e.g., CBN guidelines, AML/CFT, KYC).

Compliance & Regulatory Review:

• Verify compliance with statutory laws and internal regulations.
• Monitor timely and accurate regulatory returns (e.g; CBN, NDIC, FIRS, etc).
• Conduct periodic reviews to ensure anti-money laundering and fraud prevention mechanism are enforced.

Reporting:

• Prepare and submit monthly, quarterly, and annual internal audit reports to the board Audit Committe.
• Communicate audit findings recommendations to management and follow up on implementation.
• Maintain detailed and accurate audit work papers.

Advisory & Government Support:

• Provide advisory support to management on process improvement and policy formulation.
• Participate in policy reviews and contribute to good corporate governance practices.
• Serve as secretary to the Board of Audit Committee.

Investigation:

• Conduct special investigations on suspected fraud, misconduct, or whistleblower concerns.
• Prepare investigative reports with documented evidence and recommendations for action.