Head, Internal Audit & Compliance at Kaizen Microfinance Bank - Mooreagile Consulting

Mooreagile Consulting - Our client, Kaizen Microfinance Bank, is recruiting to fill the position below:

Job Title: Head, Internal Audit & Compliance

Location: Awolowo Road - Ikoyi, Lagos
Employment Type: Full-time

Position Summary

• Our client is seeking an experienced and dynamic Internal Audit & Compliance Lead to oversee the Bank's Internal Audit and Compliance management functions.
• This role is critical to ensuring compliance with internal processes, procedures and regulatory standards that align with business objectives for operational efficiency.
• The ideal candidate will have strong leadership skills, a strategic mindset, and the ability to manage multiple functions.

Key Responsibilities

• Develops an annual risk-based internal audit plan and oversee the implementation of the approved plan
• Ensures methodical documentation of work plans, testing results, conclusions and recommendations and ensures follow up on findings and corrective actions.
• Provide technical assistance with investigations, special audits, and provide subject-matter expertise as needed.
• Creation of internal audit reports on network security issues, secured application development, database security, physical/server room security, user access rights management, incident and problem management, log management, business continuity and disaster recovery planning etc.
• Participate in the review of applications to ensure data integrity, confidentiality and availability by preventing unauthorized access always
• Reviewing and reporting on the adequacy of internal controls and risks to the company’s technology network based on the approved audit plan
• To ensure all the bank’s products measures up to required standard in the industry
• Remains current on audit regulatory oversight trends and develop a risk-based approach incorporated into the annual audit plan.
• Performs regular bank-wide risk assessment to identify significant risks or exposure related to internal controls or compliance with regulatory requirements, efficiency of operations, and accuracy of financial reporting.
• Provides feedback and recommendations on business risks and improving operational efficiencies and processes where appropriate.
• Directs the work of external auditors to ensure the audit work remains within the prescribed guidelines.
• Coordinates and assist with the preparation of Audit Committee materials and participate in audit committee meetings
• Investigates and report to the Audit Committee on activities reported through the Hotline/Whistleblower processes and assist in investigations.
• Initiates policy and process reviews including ensuring they are up to date with all legislations and best practices
• Using problem solving and critical thinking skills to quickly identify internal control deficiencies, evaluate their risk implications, and draw the appropriate conclusions
• Lead the setup of the enterprise risk assessment for the bank and developing a risk log
• Conduct follow-up reviews of financial, operational, or regulatory compliance deficiencies noted during audits.
• Implements the anti-fraud campaign and assess compliance
• Prepares monthly regulatory renditions and returns
• Identifying and providing appropriate recommendations on risk and controls issues for improvement of the company’s IT environment
• Participates in the review of network security and infrastructure to ensure that security measures put in place are adequate and strictly adhered to in order to protect the perimeter of the bank’s network
• Flexibility to carry out any other task as requested by Management.

Requirements

• Candidates should possess Master's Degrees with 6 - 10 years relevant work experience.

Application Closing Date
11th November, 2024.

How to Apply
Interested and qualified candidates should send their CV and Cover Letter to: [email protected] using "Head; Internal Audit & Compliance" as the subject of the mail.

Note: Only shortlisted candidates will be contacted.