Audit and Internal Control Manager

Min Qualification: Degree Experience Level: Mid level Experience Length: 4 years Language Requirement: English Working Hours: Full Time - 8 to 5 Applicant Location: Lagos, Nigeria

Responsibilities:

• Internal Control & Audit Planning: The role is responsible for the full audit cycle, including risk management and control management over operations' effectiveness, financial reliability, and compliance with all applicable directives and regulations.
• Lending Business Audits: Take the lead in auditing the entire lending lifecycle. This includes reviewing loan origination, credit underwriting, disbursement processes, loan repayments, and loan recoveries.
• Methodology & Controls: Develop testing methodologies to evaluate the adequacy of controls.
• Identify loopholes and recommend risk aversion and cost-saving measures.
• Third-Party and Regulatory Risk: Minimize third-party risk by assessing business partners and suppliers for risk.
  
• Daily & Weekly Call Overs: Conduct daily and weekly call overs and report findings to management.
• Revenue Assurance: Implement a robust revenue assurance program to ensure all income streams, especially from lending activities, are accurately captured and reported.
• Accounts Review: Review management accounts and the CBN monthly report before they are submitted. Prepare a detailed report on findings.
• Audit Reporting: Prepare and present audit reports that reflect findings and document processes.
• Log & Tracker Management: Maintain a monthly follow-up and quarterly update of the Internal Audit log tracker.
• Findings & Follow-Up: Document processes and prepare audit findings memorandums. Conduct follow-up audits to monitor management's interventions and ensure all action items are resolved.
• Strategic Advice: Act as an objective source of independent advice to ensure the validity, legality, and achievement of organizational goals.
• Management & Board Communication: Maintain open communication with management and the Audit Committee. Report to the MD/CEO and the Board Audit Committee.
• Knowledge Development: Engage in continuous knowledge development regarding sector rules, regulations, and best practices.

Requirements:

• Minimum 4 years of experience
• Minimum of a BSc.
• Proactive approach to identifying issues, recommending corrective actions.