Personal Trust is a Microfinance Bank in Lagos and a subsidiary of First Ally Capital Limited (FACL). Formerly known as Personal Trust Savings and Loans, the Bank was registered in 1993 and operated as a Mortgage Bank until its conversion to a Microfinance Bank in 2014. Personal Trust has a branch network at strategic locations in Lagos State and provides banking services to individuals, micro, Small and medium enterprises (MSME).
We are recruiting to fill the position below:
Job Title: Head, Internal Audit & Compliance
Location: Mainland, Lagos
Employment Type: Full-time
Job Summary
- The Head of Internal Audit & Compliance is responsible for the development, management and evaluation of internal control systems in the Bank.
- The Internal auditor develops and implements the annual internal audit program and ensures that the audit objectives are met.
- The job holder provides reasonable assurance on the effectiveness and strength of internal controls.
Duties and Responsibilities
- Develops an annual risk-based internal audit plan and oversee the implementation of the approved plan
- Ensures methodical documentation of work plans, testing results, conclusions and recommendations and ensures follow up on findings and corrective actions.
- Provide technical assistance with investigations, special audits, and provide subject-matter expertise as needed.
- Remains current on audit regulatory oversight trends and develop a risk-based approach incorporated into the annual audit plan.
- Performs regular bank-wide risk assessment to identify significant risks or exposure related to internal controls or compliance with regulatory requirements, efficiency of operations, and accuracy of financial reporting.
- Provides feedback and recommendations on business risks and improving operational efficiencies and processes where appropriate.
- Directs the work of external auditors to ensure the audit work remains within the prescribed guidelines.
- Coordinates and assist with the preparation of Audit Committee materials and participate in audit committee meetings
- Investigates and report to the Audit Committee on activities reported through the Hotline/Whistleblower processes and assist in investigations.
- Initiates policy and process reviews including ensuring they are up to date with all legislations and best practices
- Using problem solving and critical thinking skills to quickly identify internal control deficiencies, evaluate their risk implications, and draw the appropriate conclusions
- Lead the setup of the enterprise risk assessment for the bank and developing a risk log
- Conduct follow-up reviews of financial, operational, or regulatory compliance deficiencies noted during audits.
- Implements the anti-fraud campaign and assess compliance
- Prepares monthly regulatory renditions and returns
- Flexibility to carry out any other task as requested by Management
Qualifications
- HND / BSc in IT, Information Systems, Mathematics, Accounting, Banking and finance or a related field
- Evidence of completion/ exemption of/from NYSC
- Evidence of ICAN certification is an added advantage
- Evidence of completion of Microfinance Certification program.
Experience:
- Minimum of five (5) years’ experience in Internal Audit in a Microfinance Bank, financial institution or an audit firm
- Prior managerial experience in similar role or capacity
- In-depth knowledge of Internal control framework for the Microfinance Industry.
Skills:
- Strategy planning and implementation
- Organization and time management abilities
- Leadership, team management and mentoring
- Outstanding communication and people skills
- Extensive knowledge of all regulatory policies and procedure
- Proficient writing and delivery of presentations and documentation
- Risk Management techniques
- Proficient writing and delivery of presentations and documentation
- Logical approach to identifying and evaluating issues and problem solving
- Meticulous attention to detail and accuracy
- Ability to multi task and meet tight deadlines
- Ability to interact with senior management and stakeholders, including regulators
- Proficient in the use of MS Office suit
- Unquestioned personal integrity with strong ethics and values.
Application Closing Date
9th March, 2023.
Method of Application
Interested and qualified candidates should send their CV to: recruitment@personaltrustmfb.com using “Head, Internal Audit & Compliance” as the subject of the mail.
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