Internal Control Officer Job at AB Microfinance Bank

AB Microfinance Bank is a national microfinance bank licensed by the Central Bank of Nigeria (CBN), with its head office in Lagos and branches spread across Lagos, Oyo, Ogun, Ondo and Anambra State. AB Microfinance Bank Nigeria is committed to its passion of helping to improve the business opportunities of entrepreneurs by availing them of easy access to affordable loans, as well as improve the general financial status of everyone with its deposit accounts. It is a limited liability company duly incorporated in Nigeria under the 2002 Companies and Allied Matters Act, and is regulated by the Central Bank of Nigeria as a fully fledged microfinance bank.

The Bank has an exceptional group of very strong international shareholders committed to the task of improving access to financial services in the country. These shareholders are Access Microfinance Holding AG of Germany, KfW - the German Development Bank, the African Development Bank, and the International Finance Corporation of the World Bank Group. Together, they have an established record of setting up and managing microfinance banks across the African and Asian continents in such countries as Nigeria, Tanzania, Liberia, Zambia, Rwanda, Madagascar, Azerbaijan, Tajikistan,Georgia and Brazil.

We are recruiting to fill the position below:

Job Position: Internal Control Officer
Ref Code: INTCO/RISK/DEC/2024
Job Location: Ikeja, Lagos
Employment Type: Full-time

Job Summary

• Are you an experienced Internal Control professional looking for an exciting opportunity in the financial sector? The Bank is seeking a dynamic and detail-oriented Internal Control Officer to join our team!

Responsibilities

• Assess and improve internal controls across bank operations.
• Conduct regular audits and risk assessments.
• Develop, implement, and maintain internal control policies and procedures.
• Collaborate with risk management and internal audit teams.
• Conduct regular audits of procurement processes.
• Oversee administrative transactions, including travel expenses and asset management.
• Evaluate operational risks associated with lending practices and internal controls.
• Identify and report control weaknesses with corrective actions.
• Review and verify procurement transactions for compliance.
• Ensure proper authorization, documentation, and accounting.
• Analyze financial statements, loan portfolios, and performance indicators.
• Identify emerging risks and provide recommendations.
• Follow up on internal control checklists and incident logs.
• Provide training on internal controls.
• Lead special projects related to internal control.
• Prepare internal control reports for management.
• Present findings and recommendations to Chief Risk Officer/Head of Risk.
• Contribute to maintaining stakeholder trust and upholding regulatory standards.

Qualifications, Necessary Experience and Knowledge

• At least a bachelor’s degree /HND with a focus in Accounting, Procurement administration, Finance/Risk Management
• Minimum of four years of experience in related field, preferably in the Banking sector.
• Professional qualifications such as ICAN, ACA, CIA or other related certifications Is an added advantage.
• Track record of risk aversion, sound judgment, integrity, and ethical conduct.
• Strong analytical skills, excellent communication and interpersonal skills.
• Ability to travel, work flexibly, and manage time effectively.
• Proficiency in Microsoft Word and Excel, fluency in English.
• Good at questioning and obtaining information from customers, vendors and staff.
• Curious and investigative, with a willingness to learn and adapt.
• A fast learner: able to use developed sophisticated tools.
• Disciplined, with good time management skills and sound knowledge of client management.
• Ability to work independently, with a strong understanding of business policies and procedures.

Note: Be Part of Our Success Story! Shape your career while contributing to the growth of the Nigerian financial sector. Apply today and take the first step towards an impactful career!