Vacant Job For Head, Internal Audit at Infinity Trust Mortgage Bank Plc

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Infinity Trust Mortgage Bank Plc (ITMB) was licensed in 2002 and started business operations in 2003, precisely, 15 years ago. Its registered trade mark Infinity Homes is a reflection of the strong desire of the Bank to create endless opportunities for shelter for every category of Nigerians. We are recruiting to fill the position below:     Job Title: Head, Internal Audit 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

• Carry out spot checks and review of activities in the branches under coverage.
• 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.
• Call over of Transactions as per the approved threshold.
• Review of expense and cash advances and ensure conformity with laiddown policies.
• Carry out security sweep at least once in a month.
• Ensure complete and accurate recognition of all fees and charges on every relevant account.
• Review of Fixed Asset Register.
• Review KYC compliance.

Key Performance Measures:

• 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.
• Control Adequacy rating from Internal Audit.
• 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 Accountancy 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 Applications and CV's to: [email protected] Using "Job Title" as the subject of the mail.   Application Deadline 20th August, 2018.

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