Head of Internal Control

Head of Internal Control

Requirements

Responsibilities:

• Design, implement, and monitor internal control policies and procedures in line with CBN guidelines for microfinance banks.

• Identify, assess, and manage operational, credit, financial, and compliance risks.

• Ensure adequate segregation of duties across all functions, especially cash handling, loan processing, and reconciliations.

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Regulatory Compliance:

• Ensure full compliance with CBN regulations and other applicable laws.

• Monitor adherence to internal policies, operational manuals, and regulatory limits.

• Prepare and submit internal control reports required by regulators and management.

Audit & Control:

• Conduct regular branch and head office control reviews.

• Review loan documentation, disbursement processes, and recovery activities to ensure compliance.

• Investigate fraud cases, control breaches, and irregularities and recommend corrective actions.

• Follow up on internal and external audit findings to ensure timely resolution.

Financial & Operational Controls:

• Review daily transactions, cash management processes, and reconciliations.

• Monitor expense controls, revenue assurance, and asset safeguarding.

• Ensure proper authorisation limits are observed at all levels.

Reporting & Advisory:

• Prepare periodic internal control, risk, and compliance reports for management and the Board.

• Advise management on control weaknesses and process improvements.

• Support external auditors and regulatory examiners during audits and inspections.

Leadership & Capacity Building

• Supervise and mentor internal control officers and branch control staff.

• Promote a strong compliance and risk culture across the bank.

• Conduct staff sensitisation on internal controls, ethics, and fraud prevention.

Requirements:

• Bachelor’s degree in accounting, finance, banking, business administration, or a related discipline.

• Professional qualifications such as ICAN, ACCA, CPA, CIA, or CISA are strongly preferred.

• A minimum of 5–10 years of experience in internal control, audit, or risk management, preferably within a microfinance or deposit-money bank.

• Strong knowledge of CBN microfinance bank regulations and banking operations.

Skills & Competencies:

• Strong understanding of microfinance operations and credit processes

• High level of integrity and independence

• Strong analytical, investigative, and reporting skills

• Attention to detail and sound judgment

Excellent leadership and communication skills

Benefits

Remunerations: 600,000k - 1.2Million Net (700K - 1.5Million Gross.)

Other Benefits: HMO for a family of 3, End of year, Pension, 13th month, and other company wide benefits.