Vacancies for internal auditors (4 positions) in a financial institution
Our client is one of the top three Nigerian leading banks. Due to expansion, there exist different vacancies in the audit unit of the bank.
Job Location: Lagos State
(1)
Job title Internal Auditor
Reports to Audit Manager/Lead Auditor
Job description:
Job purpose
· To ensure that the internal audit function of the Bank provides quality services that complies with internal and international auditing standards and management expectations.
· To effectively and efficiently carry out planned assignments approved by the Head of Internal Audit.
Key responsibilities
· Having strong understanding of bank operations.
· Performing/leading audits in accordance with Group Internal Audit (GIA) methodology and professional practice standards; drafting of audit reports; presenting issues to the business; and discussing practical solutions.
· Applying in-depth level of expertise in branch banking operations including: ATM/Vault management, Credit, blank forms handling, physical security, etc.
· Understanding the interconnectedness of products and support units throughout the Bank and how they impact on the area of responsibility.
· Delivering timely high quality audit reports
· Upholding the highest possible quality of services through various quality control checks and appropriate allocation of duties.
· Maintaining the use of best practices by researching and adopting new audit techniques where relevant.
· Reporting monthly and quarterly and annual audit results; issues validation;
· Participating in major Bank initiatives and proactively providing advice and assistance on change initiatives.
Key performance measures
• Meeting quarterly audit plan targets.
• Submission of monthly, quarterly and annual reports to GIA and senior management.
• Budgetary expenditure variances to be positive.
• Level of legitimate complaints from customers and team to be nil or minimum.
• Positive feedback from Head, Internal Audit
• Positive feedback from Internal Auditors.
Competencies required:
Qualifications
• Must possess a first degree.
• A professional qualification such as CIA, CISA, CIMA, ACCA, ACA, COBIT or similar is a plus.
Experience
• At least 3 years of experience in banking operations or financial services audit function.
Personal competencies:
Problem Solving
· Decide on which business areas to include in the annual plan, based on the global risk assessments and Audit Universe.
Planning
· Decide on the composition of audit teams, gravity of cases to be investigated and time to be allocated thereto.
Decision making
· Interpret audit findings and decide on suitability of recommendations made and overall rating awarded.
Application
Forward all applications to ‘[email protected]’ using ‘INTERNAL AUDITOR- BANK’ as subject of application. Application closes 13th February, 2015.
(2)
Job title Lead Auditor, Business Support & IT
Reports to Audit Manager, Wealth
Job description:
Job purpose
· To ensure that the internal audit function of the Bank provides quality services that complies with internal and international auditing standards and management expectations.
· To effectively and efficiently carry out planned assignments approved by the Head of Internal Audit.
Key responsibilities
· Having strong understanding of the business.
· Developing and executing a robust Audit Plan by business entity, in accordance with internal policies, government regulations and Internal Audit professional practice standards.
· Performing/leading audits in accordance with Group Internal Audit (GIA) methodology and professional practice standards; drafting of audit reports; presenting issues to the business; and discussing practical solutions.
· Managing audit activities for a product line, process/function or legal entity.
· Applying in-depth level of expertise in several of the Bank’s functions including: Internal Financial Control (IFC), Credit, Procurement, Compliance, Information Technology, etc.
· Understanding the interconnectedness of products and support units throughout the Bank and how they impact on the area of responsibility.
· Delivering timely high quality audit reports; all reports emanating from the department should be checked for correctness.
· Managing a small to medium sized team of audit professionals; recruiting staff; developing talent; building effective teams and leading their professional development.
· Upholding the highest possible quality of services through various quality control checks and appropriate allocation of duties.
· Maintaining mutually beneficial relationships with business line management, external auditors, regulators and Group Internal Audit and providing them with periodic reports when required.
· Maintaining the use of best practices by researching and adopting new audit techniques where relevant.
· Monitoring staff performance standards for purposes of motivation, disciplining, counseling and rewarding.
· Reporting monthly and quarterly and annual audit results; issues validation;
· Participating in major Bank initiatives and proactively providing advice and assistance on change initiatives.
Key performance measures
· Meeting quarterly audit plan targets.
· Submission of monthly, quarterly and annual reports to GIA and senior management.
· Budgetary expenditure variances to be positive.
· Level of legitimate complaints from customers and team to be nil or minimum.
· Positive feedback from Head, Internal Audit.
· Positive feedback from Internal Auditors.
Competencies required:
Qualifications
· Possess of a first degree; a professional qualification such as CIA, CISA, CIMA, ACCA, ACA, COBIT or similar.
Experience
· At least 6 years of experience in audit including IT audit experience.
Personal competencies:
Problem Solving
· Decide on which business areas to include in the annual plan, based on the global risk assessments and Audit Universe.
Planning
· Decide on the composition of audit teams, gravity of cases to be investigated and time to be allocated thereto.
Decision making
· Interpret audit findings and decide on suitability of recommendations made and overall rating awarded.
Application
· Forward all applications to ‘[email protected]’ using ‘LEAD AUDITOR- BUSINESS SUPPORT & IT’ as subject of application. Application closes 13th February, 2015.
(3)
Job title Lead Auditor, Wealth
Reports to Audit Manager, Wealth
Job description:
Job purpose
· To ensure that the internal audit function of the Bank provides quality services that complies with internal and international auditing standards and management expectations.
· To effectively and efficiently carry out planned assignments approved by the Head of Internal Audit.
Key responsibilities
· Having strong understanding of the business.
· Developing and executing a robust Audit Plan by business entity, in accordance with internal policies, government regulations and Internal Audit professional practice standards.
· Performing/leading audits in accordance with Group Internal Audit (GIA) methodology and professional practice standards; drafting of audit reports; presenting issues to the business; and discussing practical solutions.
· Managing audit activities for a product line, process/function or legal entity.
· Applying in-depth level of expertise in several of the Bank’s functions including: Internal Financial Control (IFC), Credit, Procurement, Compliance, Information Technology, etc.
· Understanding the interconnectedness of products and support units throughout the Bank and how they impact on the area of responsibility.
· Delivering timely high quality audit reports; all reports emanating from the department should be checked for correctness.
· Managing a small to medium sized team of audit professionals; recruiting staff; developing talent; building effective teams and leading their professional development.
· Upholding the highest possible quality of services through various quality control checks and appropriate allocation of duties.
· Maintaining mutually beneficial relationships with business line management, external auditors, regulators and Group Internal Audit and providing them with periodic reports when required.
· Maintaining the use of best practices by researching and adopting new audit techniques where relevant.
· Monitoring staff performance standards for purposes of motivation, disciplining, counseling and rewarding.
· Reporting monthly and quarterly and annual audit results; issues validation;
· Participating in major Bank initiatives and proactively providing advice and assistance on change initiatives.
Key performance measures
· Meeting quarterly audit plan targets.
· Submission of monthly, quarterly and annual reports to GIA and senior management.
· Budgetary expenditure variances to be positive.
· Level of legitimate complaints from customers and team to be nil or minimum.
· Positive feedback from Head, Internal Audit.
· Positive feedback from Internal Auditors.
Competencies required:
Qualifications
· Possess of a first degree; a professional qualification such as CIA, CISA, CIMA, ACCA, ACA, COBIT or similar.
Experience
· At least 6 years of experience in audit including pension, asset management, and other relevant wealth management audit experience.
Personal competencies:
Problem Solving
· Decide on which business areas to include in the annual plan, based on the global risk assessments and Audit Universe.
Planning
· Decide on the composition of audit teams, gravity of cases to be investigated and time to be allocated thereto.
Decision making
· Interpret audit findings and decide on suitability of recommendations made and overall rating awarded.
Application
· Forward all applications to ‘[email protected]’ using ‘LEAD AUDITOR- WEALTH’ as subject of application. Application closes 13th February, 2015.
(4)
Job title Head, PBB/Business Support Audit
Reports to Head, Internal Audit
Job description:
Job purpose
· To ensure that the internal audit function of the Bank provides quality services that complies with internal auditing standards and management expectations.
· To effectively and efficiently carry out planned assignments approved by the Head of Internal Audit.
Key responsibilities
· Understanding the business processes.
· Assigning audit resources to each audit and ensuring that it is completed within agreed times.
· Upholding the highest possible quality of services through various quality control checks and appropriate allocation of duties. All reports emanating from the department should be checked for correctness.
· Maintaining constant communication with head of Internal Audit and ensuring that his expectations are met.
· Maintaining mutually beneficial relationships with external auditors, regulators and Group Internal Audit and providing them with periodic reports when required.
· Maintaining the use of best practices by researching and adopting new audit techniques where relevant, identifying skills deficiencies and recommending appropriate training programs.
· Monitoring staff performance standards for purposes of motivation, discipline, counseling and rewarding.
· Ensuring that close communication is maintained with Internal Audit team to provide guidance and enhance team spirit.
· The ongoing identification of risks and possible mitigants.
· Carrying out ad hoc assignments as instructed by Head, Internal Audit.
· Timely issuance of final reports on completed audits.
Key performance measures
· Satisfactory completion of annual plan within agreed timelines. Quarterly targets to be met.
· Submission of monthly, quarterly and annual reports to GIA and senior management.
· Budgetary expenditure variances to be positive.
· Level of legitimate complaints from customers and team to be nil or minimum.
· Positive feedback from Head, Internal Audit.
· Positive feedback from Internal Auditors.
Competencies required:
Qualifications
· BSc/BA. Related certifications (CIA, CISA, CIMA, ACCA, ACA, ACIB, CFA or similar) are a plus.
Experience
· Senior level experience in a related role with experience in business, functional and people management, with proven abilities in taking responsibility for executing concurrently on a portfolio of high quality deliverables to stakeholders according to strict timetables.
· In-depth understanding of the inter-relationships of business and support units throughout the bank and how they impact the overall control environment and the audit approach.
· Over 10 years financial services/retail banking experience with a minimum of 8 years in a related role.
· Comprehensive knowledge of audit and risk assessment methodologies.
· Recognized as a leadership role model exhibiting initiative and intuitive thinking.
Personal competencies:
· Exceptional candidates who do not meet these criteria may be considered for the role
· provided they have the necessary skills and experience
Application
· Forward all applications to ‘[email protected]’ using ‘HEAD –BUSINESS SUPPORT AUDIT’ as subject of application. Application closes 13th February, 2015.
