ARM Life Plc

Audit and Risk Analyst

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ARM Life Plc is recruiting for Full time Audit and Risk Analyst

Job Description

ARM Life is the insurance subsidiary of Asset & Resource Management Company Ltd (ARM). Its parent company, ARM is one of the largest non-bank financial services firms in Nigeria with a focus on asset management. Established in 1994, ARM started operations as a traditional asset management company specialising in the management of quoted equities and fixed income securities.

We are recruiting to fill the position below:

Job Title: Audit and Risk Analyst
Location: 
Ikoyi, Lagos

Main Responsibilities

  • Develop annual audit plan for the subsidiaries and submit to the Audit, Risk and Compliance Committee for review and approval.
  • Execute country audits to assess controls, operational efficiencies and compliance with selected policies, procedures and regulations. Resolve audit problems that occur and develop modifications to coverage and schedule.
  • Perform special analyses and reviews, including compliance, instances of alleged fraud and unethical misconduct.
  • Review and report on the accuracy, timeliness and relevance of the financial and other information that is provided for Board and Management.
  • Refer major audit issues to Head of Audit & Risk for resolution.
  • Research and keep abreast of country legislative issues, new audit regulations/trends and audit methodology. Discuss updates of new regulations with Head of Audit & Risk and relevant country departments.
  • Conduct periodic training workshops for in-country staff to promote awareness of governance, risk management, and internal controls.
  • Ensure work papers are adequately documented and audit evidence is sufficient.
  • Prepare accurate audit reports across country offices for the Audit, Risk and Compliance Committee.
  • Elicit information from knowledgeable internal/external sources about areas and functions to determine appropriate audit direction/methodology for the business units within the country office.
  • Assist external auditors as appropriate. Coordinating country office’s response to audit findings and recommendations.
  • Develop and implement fraud and unethical behaviour prevention programs driven by risk based support.
  • Update risks during operations as well as mitigation plans
  • Implement risk mitigation plan developed at corporate level
  • Consolidate risk exposure via compliance checklists in all country-level departments and give data to Project monitoring associate

KPIs:

  • Percentage of in-country staff trained on risk and compliance issues (15%)
  • Percentage of local compliance regulations met by required date (15%)
  • Corrective action response time (10%)
  • Number of implemented opportunities for improvement (OFI) vs. number of raised opportunities for improvement during internal and external audits (15%)
  • Percentage of business services in the country not covered by risk analysis (10%)
  • Savings generated and costs avoided associated with identified audit issues (5%)
  • Overall corporate performance (10%)
  • Feedback – The annual average rating from 360-degree surveys launched (10%)

Deliverables:

  • Country audits
  • Country audit reports
  • Implementation of country risk mitigation strategy report

Time Allocation:

  • Technical (90%)
  • Administrative (10%)
Job Requirements
Minimum years of experience

4

Qualifications
FSLC /SSCE /JSCE /NABTEB /ADN /OND /ND /NCE /B.Sc /B.Ed /B.Tech
Other Requirements

Requirements

  • Undergraduate degree or equivalent in Business, Accounting or Audit
  • 4 years’ professional experience, with at least 2 years within a similar role

Skills:

  • Knowledgeable, skilful and experienced about Internal Audit
  • Knowledgeable about operating properties.
  • Gathers information nationally and internationally about what could be; visualises the future and assesses what needs to change; thinks strategically, considers wider effects thoroughly, including customers, shareholders and people; promotes and builds enthusiasm for the vision.
  • Good planning/project management skills
  • Exceptional negotiation, problem-solving and analytical skills
  • Superior communication skills, both verbal and oral
  • Exceptional attention to detail.
  • Sets milestones and timeframes to achieve objectives and operational requirements; determines priorities and allocates responsibilities and manages workflow; establishes measures and monitoring systems; putting (joint) action plans in place to address areas of non-compliance; anticipates hurdles and has contingency plans to get around them.
  • Ability to exercise professional scepticism.
  • French speaking or willing to learn French within the first 6 months of employment.

This job is no longer accepting applications.

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About ARM Life Plc
ARM Life formerly CrystaLife Assurance Plc. is the insurance subsidiary of Asset & Resource Management Company Ltd (ARM).Its parent company, ARM is one of the largest non-bank financial services firms in Nigeria with a focus on asset management. Established in 1994, ARM started operations as a traditional asset management company specialising in the management of quoted equities and fixed income securities.However, over the years, the Firm has taken advantage of opportunities in various sect...
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Job Summary
Published
March 28, 2019
Offer Type
Full time
Experience
Minimum of 4years
Location
Lagos
Deadline
April 11, 2019
Specialization
Finance / Accounting /Risk Management / Compliance
Industries
Banking / Financial Services
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