Head, Internal Control and Audit at Poverty Reduction and Rural Women Empowerment Initiative

Poverty Reduction and Rural Women Empowerment Initiative, a microfinance institute whose Head office is located in Lagos is recruiting suitably qualified candidates to fill the position below:

Job Title: Head, Internal Control and Audit

Location: Ikeja, Lagos

Job Objective

To design and supervise the implementation of an effective internal control and audit framework for the bank.
To investigate all cases of non-compliance or infractions of internal policies and procedures or external regulatory standards, making recommendations to management as applicable.

Responsibilities

Design, revise or update appropriate internal control, audit & compliance strategy and framework for the ban Plan and control audit activities in line with the overall business goals and objectives within the country
Identify control lapses/policy inadequacies through investigations for process improvement
Design audit work plan for the year and coordinate audit activities across regions
Oversee activities of regional audit teams for maximum effectiveness
Carry out spot checks on operational activities at branch, area and regional levels and take action on infractions or non-compliance issues
Receive and review all monthly regional audit and control reports and identify issues for necessary action.
Carry out periodic stocks and staff audit in all branches.
Carry out periodic price verification and certification and certificate of payment vouchers
Conduct periodic checks on payroll.
Ensure the periodic reconciliation of transaction are carried out.
Ensure that prompt investigation of frauds, forgeries, breach of policies and procedures and serious customer complaints are conducted and necessary action taken on the outcome
Work with Finance department and external auditors in the successful conduct of comprehensive audit exercise
Make recommendation for policy amendments based on emerging issues in audit and internal control
Appraises subordinates promptly and objectively, and follows up on action points resulting from the appraisal
Takes responsibility for the training, coaching and mentoring of subordinates
Perform other duties and responsibilities, as may be assigned by the Managing Director or by the Board

Education/Qualifications

A good Bachelor’s Degree/HND in Accountancy, plus professional accounting certification. MBA or M.Sc will be added advantage.
Minimum of 4 years relevant experience in a reputable firm, Experience in a microfinance bank setting in related role is an added advantage.

Skills & Knowledge: