Head, Internal Audit is to design, plan, direct, and oversee the strategies and activities of the internal control unit of the bank and ensure that a strong control environment exists in the various units of the organization.
The Head of Internal Audit will also safeguard assets and ensure the prevention and detection of fraudulent acts, through thorough and regular evaluation and control, for effective risk management of the assets and resources of the Bank.
The specific duties and responsibilities of the Head of Internal Audit will be to: revise or update appropriate internal control, audit & compliance strategy and framework for the Bank; plan and control audit activities of the organization in line with its overall business goals and objectives
Identify control lapses/policy inadequacies through investigations for process improvement
Design audit work plan for the year and coordinate audit activities across regions
Carry out spot checks on operational activities at branches, subsidiaries, and regions, and take necessary action on infractions or non-compliance issues
Work with the Finance department and external auditors in the successful conduct of a comprehensive audit exercise
Carry out inspection visits to all project site activity and conformity with a work plan
Ensure compliance of department and units with month-end evaluation activities
Ensure reduction in cost (cost saving) and budget monitoring
Make recommendations for policy amendments based on emerging issues in audit and internal control
Take responsibility for the training, coaching, and mentoring of subordinates and carry out other responsibilities as may be assigned by the GMD/CEO.
Requirements:
Have a minimum of HND/B.Sc. in Accounting, with ICAN and other relevant professional certifications.
The possession of an MBA and other postgraduate degrees will be an added advantage
Have a minimum of 10 years relevant working experience in accounting and internal control functions in a reputable organization(s), 5 of which must have been at the managerial level.
The possession of practical experience in Banking and Finance Industry, and particularly Microfinance Banking, with relevant certifications, will be an added advantage.
Other required skills and competency requirements for the Job Position include:
Knowledge of relevant accounting packages
Knowledge of best practices in internal control and audit
