Head, Internal Audit & Compliance at Personal Trust Microfinance Bank Limited

Personal Trust is a Microfinance Bank in Lagos and a subsidiary of First Ally Capital Limited (FACL). Formerly known as Personal Trust Savings and Loans, the Bank was registered in 1993 and operated as a Mortgage Bank until its conversion to a Microfinance Bank in 2014. Personal Trust has a branch network at strategic locations in Lagos State and provides banking services to individuals, micro, Small and medium enterprises (MSME).

We are recruiting to fill the position below:

Job Title: Head, Internal Audit & Compliance

Location: Mainland, Lagos
Employment Type: Full-time

Job Summary

The Head of Internal Audit & Compliance is responsible for the development, management and evaluation of internal control systems in the Bank.
The Internal auditor develops and implements the annual internal audit program and ensures that the audit objectives are met. The job holder provides reasonable assurance on the effectiveness and strength of internal controls.

Duties and Responsibilities

Develops an annual risk-based internal audit plan and oversee the implementation of the approved plan
Ensures methodical documentation of work plans, testing results, conclusions and recommendations and ensures follow up on findings and corrective actions.
Provide technical assistance with investigations, special audits, and provide subject-matter expertise as needed.
Remains current on audit regulatory oversight trends and develop a risk-based approach incorporated into the annual audit plan.
Performs regular bank-wide risk assessment to identify significant risks or exposure related to internal controls or compliance with regulatory requirements, efficiency of operations, and accuracy of financial reporting.
Provides feedback and recommendations on business risks and improving operational efficiencies and processes where appropriate.
Directs the work of external auditors to ensure the audit work remains within the prescribed guidelines.
Coordinates and assist with the preparation of Audit Committee materials and participate in audit committee meetings
Investigates and report to the Audit Committee on activities reported through the Hotline/Whistleblower processes and assist in investigations.
Initiates policy and process reviews including ensuring they are up to date with all legislations and best practices
Using problem solving and critical thinking skills to quickly identify internal control deficiencies, evaluate their risk implications, and draw the appropriate conclusions
Lead the setup of the enterprise risk assessment for the bank and developing a risk log
Conduct follow-up reviews of financial, operational, or regulatory compliance deficiencies noted during audits.
Implements the anti-fraud campaign and assess compliance
Prepares monthly regulatory renditions and returns
Flexibility to carry out any other task as requested by Management

Qualifications

HND / BSc in IT, Information Systems, Mathematics, Accounting, Banking and finance or a related field
Evidence of completion/ exemption of/from NYSC
Evidence of ICAN certification is an added advantage
Evidence of completion of Microfinance Certification program.

Experience:

Minimum of five (5) years’ experience in Internal Audit in a Microfinance Bank, financial institution or an audit firm
Prior managerial experience in similar role or capacity
In-depth knowledge of Internal control framework for the Microfinance Industry

Skills:

Strategy planning and implementation
Organization and time management abilities
Leadership, team management and mentoring
Outstanding communication and people skills
Extensive knowledge of all regulatory policies and procedure
Proficient writing and delivery of presentations and documentation
Risk Management techniques
Proficient writing and delivery of presentations and documentation
Logical approach to identifying and evaluating issues and problem solving
Meticulous attention to detail and accuracy
Ability to multi task and meet tight deadlines
Ability to interact with senior management and stakeholders, including regulators
Proficient in the use of MS Office suit
Unquestioned personal integrity with strong ethics and values.