Head, Internal Control at Personal Trust Microfinance Bank Limited Full Time

Personal Trust Microfinance Bank Limited is currently seeking for application from qualified applicants to fill the vacant position of Head, Internal Control. interested and qualified applicants can apply via the details below

Personal Trust is a Microfinance Bank in Lagos and a subsidiary of First Ally Capital Limited (FACL). Formerly known as Personal Trust Savings and Loans, the Bank was registered in 1993 and operated as a Mortgage Bank until its conversion to a Microfinance Bank in 2014. Personal Trust has a branch network at strategic locations in Lagos State and provides banking services to individuals, micro, Small and medium enterprises (MSME).

We are seeking a skilled, reliable, efficient employee to join our growing organization in the capacity below:

Job Title: Head, Internal Control

Location: Mainland, Lagos
Employment Type: Full-time

Job Summary

• The Head of Internal Control is responsible for the development and implementation of the Internal Control framework of the Bank.
• The job holder will develop policies and procedures and monitor compliance in line with external regulations.

Duties and Responsibilities

• Developing, reviewing, and implementing compliance policies, programs, and procedures
• Using problem solving and critical thinking skills to quickly identify internal control deficiencies, evaluate their risk implications, and draw the appropriate conclusions
• Developing and executing internal audit activities, consult with management on strategic plans and other business matters, and anticipate emerging risks
• Participating in decision making with senior engagement management, provide meaningful insights, and seek to understand the broader impact of current decisions
• Documenting and testing business process and IT controls that support key financial operations
• Evaluating control deficiencies, and monitoring remediation actions, timelines, and progress
• Maintaining current knowledge of laws, regulations, procedures, and policies governing the Bank
• Lead the setup of the enterprise risk assessment for the bank and developing a risk log
• Take responsibility for the Bank’s annual control work program using the internal control framework within the Bank
• Ensure appropriate level of communication is maintained on Internal Control matters to support the framework and ensure appropriate ownership and accountabilities from management and managers.
• Develop adequate training material on the internal control objectives, approach and methodology.
• Conduct follow-up reviews of financial, operational, or regulatory compliance deficiencies noted during audits.
• Prepares monthly exception reports and presents to the Managing Director
• Ensures capital & revenue expenditure complies with policies and approval limits
• Ensure compliance of loans disbursement to credit policies
• Implements the anti-fraud campaign and assess compliance
• Prepares monthly regulatory renditions and returns
• Flexibility to carry out any other task as requested by Management.

Qualifications

• HND / B.Sc in Accounting
• ICAN Certified
• Evidence of completion/ exemption of/from NYSC
• Evidence of completion of Microfinance Certification program.

Experience:

• Minimum of five (5) years’ experience in Internal Control in a microfinance bank or financial institution.
• Prior managerial experience in similar role or capacity
• In-depth knowledge of Internal control framework for the Microfinance Industry.

Skills:

• Strategy planning and implementation
• Organization and time management abilities
• Leadership, team management and mentoring
• Metrics-driven mindset
• Problem solving skills
• Outstanding communication and people skills
• Extensive knowledge of all regulatory policies and procedure
• Risk Management techniques
• Meticulous attention to detail and accuracy
• Ability to multi task and meet tight deadlines
• Proficient in the use of MS Office suit
• Ability to interact with senior management and multiple stakeholders, including regulators.
• Strong communication, negotiation and presentation skills.
• Proficient writing and delivery of presentations and documentation.
• Ability to elicit cooperation from people.

Application Closing Date
23rd June, 2022.

Method of Application
Interested and qualified candidates should send their CV to: [email protected] using “Head, Internal Control” as the subject of the email.

Note: You will be contacted if your application is successful.