Head, Risk Management, Audit, Control & Compliance

Fadac Resources - (See More Jobs)

May 14, 2018
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Fadac Resources is recruiting for fulltime Head, Risk Management, Audit, Control & Compliance.

Job Details

Fadac Resources - Our Client is a Microfinance Bank which offers comprehensive, affordable, dependable and specialised financial solutions to enterprising and burgeoning small and medium size enterprises in Nigeria.

We are recruiting to fill the position below:

Job Title: Head, Risk Management, Audit, Control & Compliance

Location: Lagos

Job Description

  • Manage operations of audit department to ensure achievement of set objectives and goals
  • Reviewing and advising the management on reliability, adequacy, efficiency, effectiveness of internal control.
  • Overseeing and ensuring preparation of timely Audit reports to the Board Audit Committee and provide progress reports regarding action taken by management.
  • Conduct Audits in accordance with the approved internal audit plan.
  • Determining process and procedures are adequate to prevent and detect fraud, suppression, theft or misappropriation of funds.
  • Carrying out constant checks to ensure adherence to internal control policies and procedure on segregation of duties.
  • Carry out audit investigation of each unit in accordance with the approved audit plan.
  • Report on Anti-Money Laundering policy of CBN, NDIC, EFCC, ICPC and other relevant bodies.
  • Reviewing and preparing the bank compliance ratios and compare side by side with the regulatory standard ratios to see if the bank is falling short of the standard and give recommendation on the way forward.
  • Reviewing of daily call over report.
  • Prevent and detect fraud, suppression, theft or misappropriation of funds.
  • Bank reconciliation statement daily, weekly, and monthly.
  • Correspondent relationship on behalf of the bank.
  • Audit spot check of cashier till and vault.
  • Ensure economical and efficient use of resources.
  • General control activities.
  • Daily monitoring of Tellers till.
  • Reviewing bank reconciliations and other financials.
  • Daily inspection of vault balance etc.
  • Carrying field audit exercise on clients to ensure due diligence (KYC) is carried out on customers.
  • Create and review business continuity and disaster recovery plan.
  • Daily tracking of loan repayment with audit control template.
  • Ensure effective and optimal utilization plan and schedule audit programmes and ensure completion of audits on time.
  • Review and assess audit work done, ensure compliances with the necessary standards.
  • Keep relevant and up to date financial database on audit findings and integrate best practices and systems into the audit programs.
  • Check the collaterals to be pledged and advise the bank on whether to accept such pledged collaterals.
  • Ensure that the customers are satisfied fully by ensuring the credit decision making process is timely.
  • Advise the management and the recovery team the recovery actions to be taken on defaulting account.
  • Asset monitoring and maintain verifiable asset register and routine asset scanning.
  • Periodically do portfolio analytics to discover the changing trends and behaviors of customers in trying to discover the factors that are affecting their repayment.
  • Effectively use the credit bureau [credit check]-XDS, CRC to discover customers who are either too exposed [over leveraged] or who have unfavourable credit records.
     

Job Requirements

Min Required Experience:

3 year(s)

Min Qualification:

Bachelor's Degree/HND

Desired Courses:

Not Specified

Other Requirements:


Requirements
Qualification Required:

  • HND/B.Sc in Accounting, Management, Banking and Finance or related disciplines.
  • At least 3 years in the above stated role
  • Possession of professional qualification such as ICAN, CIBN will be an added advantage.

Skills and Attributes Required:

  • Unquestioned personal integrity with strong ethics and values.
  • Capable of working independently and with minimum supervision.
  • Good interpersonal skills with a proven ability to communicate effectively [Both written and verbal] with all level within the organisation.
  • Strong analytical capability

Application Closing Date
12th July, 2018. 

Method of Application
Interested and qualified candidates should:
Use link to apply online 

Note: Do Not Apply if you Do Not meet the above requirements!

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About Fadac Resources

  • Type: Private
  • Headquarters: 7, Asiata Solarin Cresent, Ojota, Lagos State

Fadac Resources are experts in recruitment and management of talents, managing entire organisational human resource ecosystem. We are not merely reactive to situations. We initiate value-add stra...Know More about Fadac Resources

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