Foteino Talento, a workspace, content creation studio and HR consultancy company, is recruiting suitably qualified candidates to fill the position below:

Job Position: Head, Internal Control & Audit

Job Location: Ikoyi, Lagos

Job Responsibilities

  • The objectives of the Head Internal Control/Compliance & implementation are to assure or enhance the reliability of financial reporting, effectiveness and efficiency of operations, and compliance with applicable laws and regulations.

Key Responsibilities

  1. Shall be responsible for conducting Internal Audits and overall function of the Bank. Managing External Stakeholders, Audit Committee and the Board of Directors.
  2. Rendition of Statutory Monthly and Quarterly Reports to external regulatory bodies and The Board of Directors
  3. Shall run the Department complying with guidelines of Core Risk Management as set by CBN.
  4. Keep constant follow-up on the resolutions of audit findings
  5. Adequate reporting of General Banking/ Credit/ Foreign Exchange and AML.
  6. Sound knowledge and compliance regarding different types of Circular of CBN and other Regulatory bodies and compliance of the circulars/ instructions accordingly.
  7. Address issues relating to the work of Risk, Legal & Compliance and other control related activities.
  8. Conducts risk assessments and provide update on risk management status of the company to mitigate identified risks.
  9. Execute Internal Audits on regular basis as per plan, policy & strategy approved by the Audit Committee and prepare timely Audit Reports for the Management, the Audit Committee and the Board of Directors of the Bank.
  10. Ensure adequate and effective internal control system and assist the
  11. Management in formulating pertinent policies and operational procedure of the company.
  12. Attend Quarterly Board Meetings and other regular meetings with the CEO and other members of staff
  13. Recommend security measures to prevent fraudulence and risk-reduction solution.

Key Performance Indicators (KPI)

  1. Fraud and Operational Losses within the prescribed loss tolerance limit
  2. Quantum of undetected regulatory/statutory infractions from Internal Audit,
  3. External Audit, CBN, NDIC, NDLEA, EFCC and other regulatory reports for the cluster.
  4. Quantum of undetected internal policy and procedure infractions from Internal
  5. Audit, External Audit, CBN, NDIC and other regulatory reports in the cluster.
  6. Quantum of undetected major exceptions from Internal Audit, External Audit, CBN, NDIC and other regulatory reports in the cluster.
  7. Quality and Timeliness of reporting losses (If any) and loss events reporting in branches in the cluster
  8. Magnitude of potential loss figures on branches GL accounts in the cluster.
  9. Overall Internal Audit rating of Internal Control in the Bank.
  10. Undetected Income leakage/P&L reversal arising from undetected processing errors in your cluster.
  11. Level and timing of usage of Control Exception Manager to records exceptions observed by branch controllers in your cluster
  12. Integrity of the GL accounts in banks in your cluster.
  13. Promptness, Accuracy and Validity of Exception Reporting//Rendition of all
  14. Control Activity Reports
  15. Exceptions observed in peer review, control adequacy checks and other internal control quality assurance checks administered on your cluster
  16. Gaps between the prescribed TAT and actual service delivery period.
  17. Level of implementation of Independent verification proof chart as it relates to your function
  18. Level of planned training for subordinates achieved
  19. Proficiency level on the bank general policies and procedures.
  20. Proficiency level on the bank core banking application Proficiency level on various office automation solution- excel, words, power points, etc.

Job Requirements

  • Candidates should possess a Bachelor’s Degree with at least 5 years relevant work experience.

How to Apply
Interested and qualified candidates should send their Resume to: apply@foteinotalento.com using the Job Title as the subject of the email.

Tagged as: Accounting, Finance