Internal Control Lead at Worknigeria

Worknigeria was established with a Singular Vision. To help the vast Nigerian workforce find meaningful jobs. We are also on a mission to upskill them in the best ways possible and help them grow with and within their careers.

We are recruiting to fill the position below:

Job Title: Internal Control Lead

Location: Victoria Island, Lagos
Employment Type: Full-time
Industry: Oil and Gas
Reports to: Chief Operations Officer
Key Interfaces: Internal stakeholders – All departments
Supervises: Internal Control Officers

Job Purpose

• To develop, implement, and maintain a robust internal control framework that safeguards the company’s assets, ensures the accuracy and integrity of financial reporting, and mitigates risks.
• This role is pivotal in ensuring compliance with regulatory requirements, preventing fraud, and enhancing the efficiency and effectiveness of the company’s operations

Responsibilities

• Design and implement comprehensive internal control policies and procedures across all operations, including the depot and jetty.
• Regularly review and update internal control systems to adapt to changes in the business environment and regulatory landscape.
• Conduct risk assessments to identify potential areas of vulnerability in the company’s operations, particularly in product handling, storage, and financial transactions.
• Develop and monitor risk mitigation strategies to address identified risks, ensuring they are effectively managed.
• Ensure all company operations are in full compliance with local and international regulatory requirements, including financial reporting standards and industry-specific regulations.
• Plan and conduct regular internal audits to evaluate the effectiveness of internal controls and identify areas for improvement.
• Monitor the implementation of audit recommendations and ensure corrective actions are taken where necessary.
• Develop and implement fraud prevention strategies, including training programs for employees on recognizing and reporting fraudulent activities.
• Investigate any suspected fraud or irregularities, coordinating with relevant departments to resolve issues and strengthen controls.
• Ensure the accuracy, completeness, and reliability of financial reporting through the implementation of effective controls.
• Work closely with the finance team to ensure all financial transactions are properly recorded, documented, and reconciled.
• Conduct training sessions for employees at all levels on internal control procedures, risk management, and compliance requirements.
• Engage with senior management, providing regular updates on the status of internal controls, risk management initiatives, and compliance activities.
• Other tasks as assigned by line manager.

Key Accountabilities

• Ensure the internal control framework is effectively implemented and operational across all departments, including the depot and jetty operations.
• Proactively identify, assess, and mitigate risks to prevent operational disruptions, financial losses, and compliance breaches.
• Maintain full compliance with all regulatory requirements, ensuring timely reporting and adherence to industry standards.
• Ensure positive audit outcomes with minimal findings, reflecting a strong internal control environment.
• Implement and maintain robust fraud detection and prevention mechanisms, minimizing the risk of fraud within the organization.

KPIs

• Effectiveness of Internal Control Systems
• Risk Management
• Compliance with Regulations
• Ensure positive audit outcomes with minimal findings, reflecting a strong internal
• control environment.
• Fraud Detection and Prevention

Requirements

• Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
• Minimum of 7-10 years of experience in internal control, auditing, or risk management, with a significant portion in the oil and gas industry, preferably in downstream operations.
• Proficiency in internal control frameworks, risk assessment methodologies, and audit processes.
• Demonstrated experience in leading internal control or audit teams, with a proven track record of improving control environments.
• Proficiency in using financial management systems, audit software, and Microsoft Office Suite.

Job Attributes:

• Integrity and ethical conduct, ensuring impartiality and objectivity in all internal control activities.
• Strong analytical and problem-solving skills, with the ability to identify and assess risks, control weaknesses, and areas for improvement.
• Attention to detail, ensuring accuracy in financial reporting, compliance documentation, and control assessments.
• Ability to lead and influence others, driving a culture of compliance, risk management, and operational excellence across the organization.
• Excellent verbal, written communication skills, with the ability to effectively engage with stakeholders at all levels.

Application Closing Date
22nd October, 2024.

Method of Application
Interested and qualified and interested candidates should send CVs to: [email protected] using the job title as the email subject