Internal Control Officers(Banking, Lagos & Abuja)

Vacancy : Internal Control Officers Locations: Lagos & Abuja Department/Unit: Executive Trainee-Senior Banking Officer Job Summary Monitor activities and operations of the bank to ensure compliance with established policies and procedures as well as regulatory standards.

Key Responsibilities

Conduct investigations into suspected fraudulent practices across the Corporation and determine/recommend the appropriate line of action in response to findings. Monitor compliance to with control frameworks in the Bank’s business processes and systems. Continuously review business and operational risks facing the Bank in order to enforce compliance with recommended control process.

Work with departmental and units to identify areas of non – compliance, inherent risk, areas of risk exposure and prefer mitigating controls. Monitor business risk business risk portfolio and continuously seek for ways to eradicate leakages and improve its control systems. Stay abreast of industry trends, events, issues and developments to enable the development and implementation of appropriate control measures, monitoring mechanism as well as their continuous update/revision.

Ensure Bank-wide compliance with standard reporting techniques and recommend remedial action as appropriate. Ensure KYC standards Vet and approve the opening of new Mortgage accounts to ensure they meet minimum KYC standards. Identify implications of process redesign and system upgrade implementation efforts in a bis to ensure adequacy of controls post implementation of process.

Review activities of the Bank’s department/unit’s activities to generate report on findings and recommendations. Prepare and submit periodic activity/management reports to the Board of Directors Any other activities as assigned by the Head. Internal Audit Skills and Competency Requirements Good knowledge of fraud behavior and detection methodologies for a non-bank financial institution.

Deep knowledge of Nigerian Mortgage Sector the real estate industry. Strong analytical skills and attention to details. Knowledge of regulatory guidelines for the sector and understanding of Mortgage Banking Knowledge of Corporate Governance Excellent understanding of process management & planning. Excellent communication and people management skills.

Strong problem solving and analytical abilities. Specifications Bachelor’s degree in Accounting or a degree in any relevant field. Certification in ACCA or ACA or any relevant professional body will be an added advantage.(not compulsory) At least 2 years’ experience in Finance Management/Accounting/Audit Role. Key Performance Indicator Progressive improvement in the Bank’s risk management/control systems.

Number of fraud/irregularities/sharp practices detected/prevented. Timely resolution of investigations. Number of regulatory sanctions. Queries from external audit reports. Number of exceptions raised during regulatory examinations. Turnaround time: Loss reporting. Error rate: Reports and number of undetected leakages.

Actual vs. budgeted activity level: Adherence to annual audit plan Key Result Areas Reduction in operational losses Fraud detection Production of timely and appropriate audit report Appropriateness in the level of compliance to regulatory guidelines safe- keep of the Bank’s assets Improved banking operations and processes Good functional oversight by Board of Directors.

Method of Application Interested and qualified candidates should send their CVs to recruitment@stresertintegrated.com using IAFT-26 as subject of the mail.