Head, Internal Control & Audit at Foteino Talento


Foteino Talento, a workspace, content creation studio and HR consultancy company, is recruiting suitably qualified candidates to fill the position below:

Job Title: Head, Internal Control & Audit

Location: 
Ikoyi, Lagos
Employment Type: Full-time

Main Purpose of the Job

  • The objectives of the Head Internal Control/Compliance & implementation are to assure or enhance the reliability of financial reporting, effectiveness and efficiency of operations, and compliance with applicable laws and regulations.

Key Responsibilities

  • Shall be responsible for conducting Internal Audits and overall function of the Bank. Managing External Stakeholders, Audit Committee and the Board of Directors.
  • Rendition of Statutory Monthly and Quarterly Reports to external regulatory bodies and The Board of Directors
  • Shall run the Department complying with guidelines of Core Risk Management as set by CBN.
  • Keep constant follow-up on the resolutions of audit findings
  • Adequate reporting of General Banking/ Credit/ Foreign Exchange and AML.
  • Sound knowledge and compliance regarding different types of Circular of CBN and other Regulatory bodies and compliance of the circulars/ instructions accordingly.
  • Address issues relating to the work of Risk, Legal & Compliance and other control related activities.
  • Conducts risk assessments and provide update on risk management status of the company to mitigate identified risks.
  • Execute Internal Audits on regular basis as per plan, policy & strategy approved by the Audit Committee and prepare timely Audit Reports for the Management, the Audit Committee and the Board of Directors of the Bank.
  • Ensure adequate and effective internal control system and assist the
  • Management in formulating pertinent policies and operational procedure of the company.
  • Attend Quarterly Board Meetings and other regular meetings with the CEO and other members of staff
  • Recommend security measures to prevent fraudulence and risk-reduction solution.

Key Performance Indicators (KPI)

  • Fraud and Operational Losses within the prescribed loss tolerance limit
  • Quantum of undetected regulatory/statutory infractions from Internal Audit,
  • External Audit, CBN, NDIC, NDLEA, EFCC and other regulatory reports for the cluster.
  • Quantum of undetected internal policy and procedure infractions from Internal
  • Audit, External Audit, CBN, NDIC and other regulatory reports in the cluster.
  • Quantum of undetected major exceptions from Internal Audit, External Audit, CBN, NDIC and other regulatory reports in the cluster.
  • Quality and Timeliness of reporting losses (If any) and loss events reporting in branches in the cluster
  • Magnitude of potential loss figures on branches GL accounts in the cluster.
  • Overall Internal Audit rating of Internal Control in the Bank.
  • Undetected Income leakage/P&L reversal arising from undetected processing errors in your cluster.
  • Level and timing of usage of Control Exception Manager to records exceptions observed by branch controllers in your cluster
  • Integrity of the GL accounts in banks in your cluster.
  • Promptness, Accuracy and Validity of Exception Reporting//Rendition of all
  • Control Activity Reports
  • Exceptions observed in peer review, control adequacy checks and other internal control quality assurance checks administered on your cluster
  • Gaps between the prescribed TAT and actual service delivery period.
  • Level of implementation of Independent verification proof chart as it relates to your function
  • Level of planned training for subordinates achieved
  • Proficiency level on the bank general policies and procedures.
  • Proficiency level on the bank core banking application Proficiency level on various office automation solution- excel, words, power points, etc.

Requirements

  • Candidates should possess a Bachelor’s Degree with at least 5 years relevant work experience.

Application Closing Date
Not Specified.

Method of Application
Interested and qualified candidates should send their Resume to: apply@foteinotalento.com using the Job Title as the subject of the email.

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