Head, Internal Audit at Fullrays Resource Limited

Fullrays Resource Limited is in search of management staff for a Micro-Finance bank based in Uyo, Akwa Ibom State.

Job Title: Head, Internal Audit

Location: Uyo, Akwa Ibom State

Employment Type: full-time

Job Description:

• Ensure compliance on monthly report rendition to regulatory bodies
• Ensure daily compliance to the bank rules, policies, and regulations.
• Reconciliation of correspondent bank accounts to ensure transactions are not outstanding .
• Review of the statutory returns to regulatory authorities and government agencies to ensure accuracy and timely rendition monthly.
• Customers’ visitation for random deposit verification weekly
• Review the accuracy and reliability of financial transaction records – cash deposits, cash withdrawals, treasury bills investments, fixed deposits, and funds transfer daily.
• Engage in loan recovery and reconcile customers’ loan accounts for closure when need arises.
• Involve in the thorough review of the bank’s accounting software for efficiency daily.
• Review credit or loan files for compliance daily.
• Review accounting records to ensure proper and compliance with company’s extant policies daily.
• Review and recommend changes to some of the company’s policies to ensure adequate control daily.
• Conduct cash-counts of vaults daily.
• Reviewed customers’ account opening documents for compliance with Know Your Customer (“KYC”) policy and anti-money laundering requirements daily.
• Ensure compliance with the bank’s policies and conduct daily, weekly, and monthly General Ledger (GL) review for reconciliation.
• Handle customer complaints (Fraud, disservice, etc) if and when they occur.
• Review expenses and payments daily
• Conduct sweep exercise and spot check on tellers and account officers.

Qualifications

• Minimum of first degree or its equivalent in numerate or semi-numerate disciplines. Relevant professional certification will be an advantage
• 8 years of professional experience and 3 years of full-time experience in internal auditing.

Competency and Skill Requirements:

• Experience in Microfinance operations, or Banking or auditing in a supervising capacity.
• Deep knowledge of internal control and compliance management.
• Knowledge of the microfinance environment, regulations, and laws.
• Familiarity with the common indicators of fraud.
• Familiarity with and understanding of the dynamics of small businesses
• Mathematics, business acumen and analytical skills
• Proficiency in Computer Applications Excel /Microsoft Office
• Highly attentive to detail with excellent organizational and documentation skills

Application Closing Date

20th September, 2020