ACCION Microfinance Bank (AMfB) is recruiting to fill the position of Head, Internal Audit Job title: Head, Internal Audit Reports to: Audit & Compliance Committee of the Board Dotted Report to: MD/CEO Division: AUDIT Location: Lagos Job type: Permanent Expected Start Date: 1st April, 2014 Job summary Responsible to the Audit & Compliance Committee of the Board, the Head, Internal Audit is charged with the responsibility for quarterly audit of and report on all activities of ACCION Microfinance Bank in accordance with acceptable audit standards and approved audit procedures; providing management with analyses, appraisals, rating, recommendations; and performing other related duties as assigned either by the Board or the MD/CEO. Key Responsibilities 1. Audit & Assurance • Ensure that a yearly audit plan covering all Bank risk areas is in place, approved and is 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 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 cost control or reduction. • Provide assistance to external auditors and regulatory bodies as requested. • Investigation and reporting • Coordinating and supervision of spot checks, compliance assessment and audit follow up. • Participate in all management meetings 2. External Contacts • External auditors for coordination of statutory audits and any other audit or special audits as may be required including finalization of year-end audit, statutory audit, CIB/NDIC, tax audit etc • Professional institutions, (ICAN, CITN, ACCA CIBN) and association of microfinance Internal Auditors and senior accountants in other microfinance banks in order to keep abreast of developments in the profession. • Microfinance institutions, other financial institutions and commercial banks to keep abreast of developments in the finance sectors • Central Bank for coordination on regulations for the microfinance industry • National association of microfinance institution (ANIMH) for coordination and consultations on developments in the MFI sector. 3. Management & Supervision • 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 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. Qualifications and Requirements: • Minimum of 10 years of work experience • Direct experience in audit and internal control in banking sector. • At least 2 years in management position • Bachelor’s degree or its equivalent in business, accounting, finance, economics or related area of study. • Professional certification in accountancy (ACA, ACCA ) • Possession of extensive experience in auditing, and a thorough understanding of Microfinance Banking and accounting practices. • Experienced in strategic planning and budgeting Generic Competencies Required: • 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. • Languages: English required. Application Closing Date: Friday, March 14, 2014 Remuneration: Very competitive and attractive, depending on qualification and experience. A member of the executive management team of the Bank. How To Apply: Interested candidates should send their resume to emichael@accionmfb. Company Profile: Accion Microfinance Bank Limited accionmfb ACCION Microfinance Bank Limited (AMfB) is one of the largest microfinance banks in Nigeria with a capitalization of N1.7bn and total asset of N2.7bn as December 31, 2012. Its shareholders include three of the leading commercial banks in Nigeria: Citibank, Zenith Bank and Ecobank, as well as three global financial institutions: IFC, a member of the World Bank, SME Managers and ACCION Investments. Accion Microfinance Bank is a member of Accion International Network of Microfinance Institutions. Accion International is a private, nonprofit organization with the mission of building a financially inclusive world by giving people the financial tools they need to improve their lives. A world pioneer in microfinance, Accion International was founded as a community development organization in 1961 and issued its first microloan in 1973 in Brazil. Over time, Accion has helped to build 63 microfinance institutions in 31 countries on four continents that are currently reaching millions of clients. In the United States, the U.S. Accion Network is the largest microfinance lending network in the country and has served tens of thousands of clients, with over $300 million in loans. For three consecutive years (2011, 2012, 2013), ACCION Microfinance Bank won the Lagos State Enterprise Award (LEAD) for Best Microfinance Bank of the Year. In 2012, ACCION Microfinance Bank was voted “Top 5 Company for Outstanding Work Place Practices in Nigeria!”.
Posted on: Fri, 21 Feb 2014 19:36:40 +0000
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