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Head Internal Audit At Accion Microfinance Bank

Date Posted: 11/Jun/2019
Deadline: 21/Jun/2019

Accion Microfinance Bank  - Established in 2007, Accion Microfinance Bank has a mission, “To economically empower micro-entrepreneurs and low-income earners by providing financial services in a sustainable, ethical and profitable manner.” The bank which has a license to operate nationally in Nigeria, has an extensive branch network where customers have easy access to various products and services that include savings, loans, micro-insurance and e-commerce.

With a total asset base of over N5 billion as at December 2014, Accion Microfinance Bank is the safe and strong microfinance bank positioned to serve her ever increasing customers having disbursed over N32bn in loans to over 163,000 customer accounts since inception.

Head Internal Audit

Job Description

  • Responsible to the Audit committee of the Board, Head Internal Audit has the responsibility for setting the strategic direction for Internal Audit Department.
  • He/she is charged with the mandate to ensure quarterly audit of and report on all activities of ACCION Microfinance Bank in accordance with acceptable audit standards and approved audit procedures.

Job Responsibilities

  • Ensure that a yearly audit plan covering all Bank risk areas is in place, approved and followed
  • Execute detailed audit procedures, including review of transactions, documents, records, reports, policies and procedures for accuracy and effectiveness
  • Coordinate periodic reviews of the Bank organizational and functional activities (Departments and Branches) and submission of reports on same to audit committee of the board
  • Prepare work-papers which record and summarize audit procedures performed
  • Evaluating the adequacy and effectiveness of management controls over those activities
  • Follow-up to determine compliance with audit recommendations and adequacy of corrective actions
  • Responsible for directing, on the job- training, and supervision of the audit staff
  • To perform or assist in the performance of special reviews at the request of management. (Investigation)
  • Special duties and projects as may be assigned by the board or MD/CEO
  • Prepare a quarterly audit report and submit to Board Audit & Compliance Committee for review
  • Carry out regular substantive and compliance test on all activities of the Bank
  • Carry out Fixed asset and stock of stationery review of the bank for existence, recognition, diminution and cost control or reduction
  • Provide assistance to external auditors and regulatory bodies as requested
  • Investigation of all frauds and other required cases and reporting on all to the appropriate quarters
  • Coordinating and supervision of spot checks, compliance assessment and audit follow up
  • Ensuring Internal Audit is closely aligned with industry best practices in executing the duties across the functional operations of the bank
  • Actively participating in the review of the bank's policies, procedures and process manuals from time to time
  • Participate in all management meetings
  • Design the strategic focus and goals of the department in alignment with the bank's overall strategy and focus
  • Supervise and support the staff in Internal Audit unit in their roles of implementing all activities of internal audit strategies and tactics to support the overall achievement of the department's and bank's goals
  • Ensure efficiency and high quality of work in the department
  • Ensure that the department maintains up-to-date and accurate records of audit performance at all time
  • Prepare and deliver timely reports and updates to the Board Audit committee and the MD where required
  • Set annual performance goals of staff under supervision, guide coach and monitor performance of same, and execute annual performance evaluations and reviews of the department's staff

Qualification & Experiences

  • Bachelor's degree or its equivalent in Business, Accounting, Finance, Economics or related area of study
  • Professional certification in accountancy (ACA, ACCA)
  • Minimum of 15 years work experience in audit and internal control in banking sector essential
  • At least 4 years in management position

Key Performance:

  • Professionalism and integrity
  • Deadline oriented. Dependability, requiring minimum supervision
  • Strong leadership and people management skills
  • Sound strategic thinking, with risk and control consciousness
  • Strong analytic skills
  • Excellent communication skills: written and oral

Required Knowledge:

  • Possession of extensive experience in auditing, and a thorough understanding of Microfinance Banking and accounting practices
  • Experienced in strategic planning and management.

Method of Application

Interested and qualified? Click the Apply now button to send your application

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