Verite Microfinance Bank Limited Internal control and Audit Officer Job Vacancy

Verite
Microfinance Bank Limited is duly registered in the federal republic of Nigeria
by the corporate affairs commission and licensed by the central bank of Nigeria
as a deposit-taking financial institution.

Verite
MFB takes pride in our strong, enthusiastic and youthful management team which
gives us the ability to tirelessly go the extra mile and deliver financial
services that is of highest standard to the unbanked.

We
are recruiting to fill the position below:

Job
Title: Internal
control and Audit Officer
Location: Lagos

Job
Description

Manage
operations of audit department to ensure achievement of set objectives and
goals
Reviewing
and advising the management on reliability, adequacy, efficiency,
effectiveness of internal control.
Overseeing
and ensuring preparation of timely Audit reports to the Board
Audit
Committee and provide progress reports regarding action taken by
management.
Conduct
Audits in accordance with the approved internal audit plan.
Determining
process and procedures are adequate to prevent and detect fraud,
suppression, theft or misappropriation of funds.
Carrying
out constant checks to ensure adherence to internal control policies and
procedure on segregation of duties.
Audit
spot check of cashier till and vault.
Ensure
economical and efficient use of resources.
General
control activities.
Daily
monitoring of Tellers till.
Reviewing
bank reconciliations and other financials.
Daily
inspection of vault balance etc.
Carrying
field audit exercise on clients to ensure due diligence (KYC) is carried
out on customers.
Create
and review business continuity and disaster recovery plan.
Check
the collaterals to be pledged and advise the bank on whether to accept
such pledged collaterals.
Ensure
that the customers are satisfied fully by ensuring the credit decision
making process is timely.
Advise
the management and the recovery team the recovery actions to be taken on
defaulting account.
Asset
monitoring and maintain verifiable asset register and routine asset
scanning.
Carry
out audit investigation of each unit in accordance with the approved audit
plan.
Returns
rendition to CBN
Report
on Anti-Money Laundering policy of CBN, NDIC, EFCC, ICPC and other
relevant bodies.
Reviewing
and preparing the bank compliance ratios and compare side by side with the
regulatory standard ratios to see if the bank is falling short of the
standard and give recommendation on the way forward.
Reviewing
of daily call over report.
Prevent
and detect fraud, suppression, theft or misappropriation of funds.
Bank
reconciliation statement daily, weekly, and monthly.
To
prepare profit and loss account monthly.
Income
analysis daily, weekly, and monthly.
Correspondent
relationship on behalf of the bank.
Periodically
do portfolio analytics to discover the changing trends and behaviors of
customers ‘ in trying to discover the factors that are affecting their
repayment.
Effectively
use the credit bureau [credit check]-XDS, CRC to discover customers who
are either to exposed [over leveraged] or who have unfavourable credit
records.
Daily
tracking of loan repayment with audit control template.
Ensure
effective and optimal utilization plan and schedule audit programmes and
ensure completion of audits on time.
Review
and assess audit work done, ensure compliances with the necessary
standards.
Keep
relevant and up to date financial database on audit findings and integrate
best practices and systems into the audit programs.

Qualification
Required

HND/B.Sc
in Accounting, Management, Banking and Finance, and related disciplines.
Possession
of professional qualification such as ICAN, CIBN will be an added
advantage.

Skills
and Attributes Required:

Unquestioned
personal integrity with strong ethics and values.
Good
interpersonal skills with a proven ability to communicate effectively
[Both written and verbal] with all level within the organisation.
Strong
analytical capability.
Capable
of working independently and with minimum supervision.