Head of Internal Audit Job in a Microfinance Bank in Ikeja

Our client, a strong, prominent and leading Microfinance Bank in the Nigerian Banking Industry, has engaged Karis Consulting Ltd to recruit a competent and suitable candidate with quality experience and outstanding track record, for the position of Head, Internal Audit. 

Job Position: Hea of Internal Audit. 

Job Location: Lagos 

CHALLENGING JOB VACANCY AT MANAGEMENT LEVEL

 THE JOB:

Reporting directly to the Managing Director/Chief Executive Officer of the Bank, the overall objective of the job of Head, Internal Audit is to design, plan, direct and oversee the strategies and activities of the internal control unit of the bank and ensure that a strong control environment exists in the various units of the organization.

The Head of Internal Audit will also safeguard assets and ensure the prevention and detection of fraudulent acts, through thorough and regular evaluation and control, for effective risk management of the assets and resources of the Bank. 

The specific duties and responsibilities of the Head Internal Audit will be to:

• revise or update appropriate internal control, audit & compliance strategy and framework for the Bank;
• plan and control audit activities of the organisation in line with its overall business goals and objectives;
• identify control lapses/policy inadequacies through investigations for process improvement;
• design audit work plan for the year and coordinate audit activities across regions;
• carry out spot checks on operational activities at branches, subsidiaries and regions, and take necessary action on infractions or non-compliance issues;
• work with Finance department and external auditors in the successful conduct of comprehensive audit exercise;
• carry out inspection visit to all project sites activity and conformity with work plan;
• ensure compliance of department and units with month-end evaluation activities;
• ensure reduction in cost (cost saving) and budget monitoring;
• make recommendation for policy amendments based on emerging issues in audit and internal control;
• take responsibility for the training, coaching and mentoring of subordinates;
• and carry out other responsibilities as may be assigned by the GMD/CEO.

 QUALIFICATIONS AND COMPETENCY REQUIREMENTS

The ideal candidate must:

• Have a minimum of HND/B.Sc. in Accounting, with ICAN and other relevant professional certification.  The possession of MBA and other postgraduate degrees will be added advantage
•  Have a minimum of 10 years of relevant working experience in accounting and internal control functions in reputable organization(s), 5 of which must have been at managerial level.
• The possession of practical experience in Banking and Finance Industry, and particularly Microfinance Banking, with relevant certifications, will be added advantage.

 Other required skills and competency requirements for the Job Position include:

•  Knowledge of relevant accounting packages
•  Knowledge of best practices in internal control and audit
•  Knowledge of existing regulatory framework
•  Knowledge of industry and economic environment
• Cost Management
•  Risk Analysis and Management
• Presentation skills
• Possession of such competencies as: Strategic thinking; Managerial and leadership skills; Firmness, objectivity and fairness; Communication skills; Integrity; Flair for details; Team building skills; Organization and coordination; Interpersonal skills.

 REMUNERATION:

The Gross Monthly Salary package for the position is in the range of N800,000 to N900,000 per month, and this is open to further negotiation.  There are also other benefits and allowances that go with the position.

Method of Application

 All qualified and interested candidates should please forward their Applications and Curriculum Vitae to: karis.doxa@gmail.com

 Please note that only shortlisted candidates will be contacted