La Fayette Microfinance Bank Limited Job for Resident Internal Compliance/Control Officer Oyo

La Fayette Microfinance Bank Limited will join Cameroon, Ghana,
Democratic Republic of Congo, Tanzania, Cambodia and Ivory Coast as
member of Advans group network. Advans SA SICAR was created in 2005 by
Horus Development Finance together with several development financial

institutions: IFC, FMO, KFW, CDC, EIB, AFD Group.

La Fayette Microfinance Bank recently received the Approval-in-Principle
from the Central Bank of Nigeria to carry out microfinance services in
Oyo State.

We are recruiting to fill the below position:

Job Title: Resident Internal Compliance/Control Officer

Job Reference: ADV/NIG/RICO/SEP/15
Location: Ibadan, Oyo

Job Purpose

• The purpose of a Resident Internal Control Officer is to
  represent the Risk and Compliance Department in the branch by managing
  effectively the compliance risks faced by the bank.
• He should on a pro-active basis, review documents, processes and
  procedures and assess the compliance risks associated with the branch’s
  business activities.

Essential Job Duties

• Ensure branch staff comply with Internal Code of Conducts;
  Policy/Procedure and Regulations on transactions initiated by the bank.
• Ensure that all expected activities as stipulated in the control checklists are performed by the branch management
• Review credit files after loan approval at the LCM and before
  loan disbursement: All risks observed must be escalated before
  disbursement.
• Conduct Special Investigation as may be directed by the Risk and Compliance Manager.
• Conduct spot checks, stock taking and other functions as may be assigned from time to time.
• Ensure prompt and qualitative rendition of relevant returns and
  reports as may be required by the Risk and Compliance Manager which will
  include among others: Critical Control Issues Report, Unusual Incidence
  Report, Report on assets ageing in standard approved format etc
• Ensure prompt resolution of all recommendations in the Internal
  Audit Report, Regulatory Examiners Report and other Statutory Examiners
  Report involving the branch under your purview.
• Educate and train staff on compliance issues, and acting as the
  contact point within the branch for compliance queries from staff
  members
• Create and improve homogenous Compliance Culture in the assigned
  branch that aligns with control and business objectives of the Bank
• Build strong KYC and KYCB compliance environment in the assigned
  branch i.e. ensure capturing of all valid KYC documentation into all
  customers’ accounts in the Core Banking Applications through the regular
  review of Account opening and documentation both on client files and on
  the system.
• Ensure daily Call Over of all Tills transactions (which include
  but not limited to deposit/withdrawal slips, Cheque slips, Internal fund
  transfers)within 24 hours of posting and where practicable online same
  day and as may be advised to you from time to time
• Daily Review of all System Generated Override Message/Exception
  Reports to ensure that appropriate approvals were obtained for it and
  that they are valid transactions
• Any other job that may be assigned by the Risk and Compliance Manager.
• Carry out unannounced field visit to clients’ business locations before or after loan approval as the case may be.
• Ensure integrity of the transactions and GL accounts in the
  branch through daily review of the branches GL balance reports.Any major
  deviation from the standard must be escalated.
• Institute and enforce aggressive Cost reduction
  Strategies/Tactics for the branch under your purview to ensure zero%
  income wastage
• Daily review of ATM Card and Pin Management or any other related
  reviews to ensure any irregularities are discovered and escalated
  promptly.

Key Performance Indicators:

• Operational Losses are within tolerance limit
• Minor undetected regulatory/statutory breach by Internal Audit,
  External Audit, CBN, NDIC, NDLEA, EFCC and other regulatory reports for
  the branch.
• Magnitude of potential loss figures on branches GL accounts in the branch.
• Overall Internal Audit rating of the Internal Control system of the branch.
• Integrity of the GL accounts in the branch.
• Exceptions observed in client files review, control adequacy
  checks and other internal control quality assurance checks
  administered in your branch.
• Minor undetected internal policy and procedure infractions by
  Internal Audit, External Audit, CBN, NDIC and other regulatory reports
  in the branch.
• Few undetected major exceptions from Internal Audit, External Audit, CBN, NDIC and other regulatory reports in the branch.
• Quality and Timeliness of losses and loss events reporting in the branch

Education and Experience

• B.Sc / HND in any discipline. Professional Qualification such as
  (CIMA, ACCA, ICA…) or its equivalent will be an added advantage.
• A minimum of 1-3 years working experience in a Financial Institution.

Skills:

• High-level proficiency in written and spoken English;
• Good knowledge of word processing;
• Proven spreadsheet skills;
• Good interpersonal relations skills.

Personal Traits:

• Tactfulness; self-disciplined; resolute and Value driven.
• Time conscious and purposeful.
• Self starter and good leadership skills.
• Pragmatic and meticulous in processes and procedures;
• Ability to relate effectively across different levels of authority.

How to Apply

Click here to apply online

Note: Only shortlisted candidates will be invited for test and interview