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Vacancy – Head of Internal Control

Job Role

You are essentially a policeman or watchdog of the Bank, division or department. You will develop policies and procedures, ensure their implementation and monitor compliance.


Functions & Responsibilities

  • Reviewing and appraising the soundness, adequacy and application of accounting, financial and other reporting controls.
  • Ascertaining the extent of compliance with established policies, plans and procedures.
  • Ascertaining the extent to which bank assets are accounted for and safeguarded from loses of all kind.
  • Ascertaining the reliability of management data developed within the bank.
  • Appraising the quality of performance in carrying out assigned responsibilities.
  • Recommending operating improvements.
  • Promoting effective control at reasonable cost.
  • Ensuring that identified errors are corrected.
  • Ensuring the protection of all the security instruments of the bank.
  • Ensuring that the bank complies with all statutory regulations.
  • Ascertain and document internal control arrangements put in place by management in all departments and branches of the bank.
  • Ensuring that general and specific internal control arrangements in all the departments and branches are adequate and effective.
  • Follow up on the implementation of observations/recommendation contained in the audit report.

Key Performance Indicators

  • Carry out a 100% review of all daily transactions both financial and non – financial transactions.
  • Carry out 100% review of all loan file.
  • Carry out a 100% verification / visitation of customers residential and business address.
  • Carry out a 100% review of the customer service unit.
  • Carry out a 100% review of the activity of vault and teller operations.
  • Carry out a 100% review of the activity IT unit.
  • Carry out a 100% of the activities of Business Development Unit.
  • Carry out a 100% review of the activities of Financial Control Unit.
  • Carry out a 100% review of the activities of Risk Management Unit.
  • Carry out a 100% review of the activities of the HR and Admin Unit.
  • Ensure a score of a minimum of 75% score on CBN and other regulatory bodies’ audit of the bank or at least a minimum of medium risk in a stable direction using risk based audit metrics.

Skills/Competence Requirement


Required knowledge, skills and abilities

  • Excellent customer relationship development/management
  • Business accountability
  • Industry Knowledge
  • Legal Statutes & Banking Regulations/Compliance Management
  • Results/Action Orientation
  • Presentation Skills
  • Ability to manage multiple tasks


Supervisory Skills

  • People Management
  • Leadership
  • Developing subordinates
  • Conflict management
  • Organization & coordination
  • General managerial / administration


Generic Skills

  • Inter-Personal Skills
  • Communication Skills

Professional Requirements



  • A second degree or an MBA from a leading university
  • MFB Certification Examination
  • Other additional qualifications will be an added advantage


Minimum Experience

  • Minimum of 7 years experience in a microfinance bank or other financial institution, with a minimum of 5 years demonstrable experience.