Head, Internal Control in a Leading Financial Institution in Abuja


A top leading Financial Institution in Abuja, Nigeria is looking to hire a Banking professional to fill the vacant position below:

 

 

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.

 

 

How to Apply
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.