Internal Control Officers(Banking, Lagos & Abuja)

Vacancy : Internal Control Officers

Locations: Lagos & Abuja

Department/Unit: Executive Trainee-Senior Banking Officer

Job Summary

Monitor activities and operations of the bank to ensure compliance with established policies and procedures as well as regulatory standards.

Key Responsibilities

• Conduct investigations into suspected fraudulent practices across the Corporation and determine/recommend the appropriate line of action in response to findings.
  
• Monitor compliance to with control frameworks in the Banks business processes and systems.
  
• Continuously review business and operational risks facing the Bank in order to enforce compliance with recommended control process.
  
• Work with departmental and units to identify areas of non compliance inherent risk areas of risk exposure and prefer mitigating controls.
  
• Monitor business risk business risk portfolio and continuously seek for ways to eradicate leakages and improve its control systems.
  
• Stay abreast of industry trends events issues and developments to enable the development and implementation of appropriate control measures monitoring mechanism as well as their continuous update/revision.
  
• Ensure Bank-wide compliance with standard reporting techniques and recommend remedial action as appropriate.
  
• Ensure KYC standards Vet and approve the opening of new Mortgage accounts to ensure they meet minimum KYC standards.
  
• Identify implications of process redesign and system upgrade implementation efforts in a bis to ensure adequacy of controls post implementation of process.
  
• Review activities of the Banks department/units activities to generate report on findings and recommendations.
  
• Prepare and submit periodic activity/management reports to the Board of Directors
  
• Any other activities as assigned by the Head. Internal Audit
  

Skills and Competency Requirements

• Good knowledge of fraud behavior and detection methodologies for a non-bank financial institution.
  
• Deep knowledge of Nigerian Mortgage Sector the real estate industry.
  
• Strong analytical skills and attention to details.
  
• Knowledge of regulatory guidelines for the sector and understanding of Mortgage Banking
  
• Knowledge of Corporate Governance
  
• Excellent understanding of process management & planning.
  
• Excellent communication and people management skills.
  
• Strong problem solving and analytical abilities.
  

Specifications

• Bachelors degree in Accounting or a degree in any relevant field.
  
• Certification in ACCA or ACA or any relevant professional body will be an added advantage.(not compulsory)
  
• At least 2 years experience in Finance Management/Accounting/Audit Role.
  

Key Performance Indicator

• Progressive improvement in the Banks risk management/control systems.
  
• Number of fraud/irregularities/sharp practices detected/prevented.
  
• Timely resolution of investigations.
  
• Number of regulatory sanctions.
  
• Queries from external audit reports.
  
• Number of exceptions raised during regulatory examinations.
  
• Turnaround time: Loss reporting.
  
• Error rate: Reports and number of undetected leakages.
  
• Actual vs. budgeted activity level: Adherence to annual audit plan
  

Key Result Areas

• Reduction in operational losses
  
• Fraud detection
  
• Production of timely and appropriate audit report
  
• Appropriateness in the level of compliance to regulatory guidelines
  
• safe- keep of the Banks assets Improved banking operations and processes
  
• Good functional oversight by Board of Directors.
  

Method of Application

Interested and qualified candidates should send their CVs to using IAFT-26 as subject of the mail.