Head, Internal Control in a Leading Financial Institution | Abuja

A top leading Financial Institution in Abuja, Nigeria is looking to hire a Banking professional to fill the vacant position of a Head, Internal Control Officer.

Job Title: Head, Internal Control

Location: Abuja

Job Description

• Build a strong compliance environment to ensure zero level of policy, procedures and regulatory infractions.
• Ensure prompt and effective call over of branch transactions.
• Build strong awareness in branch staff on all policy and procedures issues; zero tolerance for open GL Items, unreviewed transactions and income leakages.

Key Responsibilities

• Call over of Transactions as per the approved threshold.
• Review of expense and cash advances and ensure conformity with laid down policies.
• Carrying out security sweep at least once in a month.
• Cash count and vault administration, funds transfer, ensuring adherence to policies and procedures.
• Review of system exception message report.
• Review of GL/P&L Movement Report.
• Conduct Seriality checks /test on Managers Cheque/Bank draft in the branches under coverage.
• Review of Suspense/Transit/Proxy Accounts.
• Ensure complete and accurate recognition of all fees and charges on every relevant account.
• Review of Fixed Asset Register.
• Review KYC compliance.
• Carrying out spot checks and review of activities in the branches under coverage.

Key Performance Measures:

• Control Adequacy rating from Internal Audit.
• Effectiveness at follow up to ensure that Internal Audit recommendations are implemented.
• Quantum of undetected regulatory/statutory infractions from External Auditor and Regulators reports.
• Quality and Timeliness of losses and loss events reporting in processing areas
• Undetected Income leakage/P&L reversal arising from undetected processing errors.
• Promptness and effectiveness of call over of transactions.
• Integrity of the GL accounts in all Business offices.
• Promptness, Accuracy and Validity of Exception Reporting/Rendition of all Control Activity Reports.

Requirements / Qualifications

• A First Degree or its equivalent in Accounting or Audit.
• Professional qualification in Accounting or Audit would be an added advantage.

Experience:

• Minimum of 8 years post-graduate cognate experience in any reputable financial institution with at least 4 years at managerial position of a reputable financial institution.

Required Competencies:

• Internal relationship: The need to maintain a wide network with key stakeholders in the Bank.

Technical Competencies:

• Report writing/Investigation skill
• Banking operations experience
• Interpretation of ML (P) Act 2004 & CBN KYC Manual 2003.

Personal Competencies:

• Excellent interpersonal skills
• Attention to details.

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Method of Application

Interested and qualified candidates should send their Application Letter and CV to: [email protected] using “Head, Internal Control” as the subject of the mail

Application Deadline  

20th January, 2021.