APPLY FOR | Head of Internal Control at TF Microfinance Bank

TF Microfinance Bank started with the Incorporation of Thinkfinance Services Limited on 6th December 2012. In 2015 the company was granted approval in principle by The Central Bank of Nigeria for a Unit Microfinance Bank. On the 14th of March 2016, TF Microfinance Bank was incorporated with a fully paid authorised share capital of twenty million Naira. It aims to render niche financial services that are focused on the underbanked and unbanked populace.

We are recruiting to fill the position below:

Job Title: Head of Internal Control

Location: Amuwo Odofin, Lagos
Job Type: Full-time

Job Summary

• The Head of Internal Control is responsible for the development and implementation of the Internal Control framework of the Bank.
• The job holder will develop policies and procedures and monitor compliance in line with external regulations.

Duties and Responsibilities

• Developing, reviewing, and implementing compliance policies, programs, and procedures.
• Using problem solving and critical thinking skills to quickly identify internal control deficiencies, evaluate their risk implications, and draw the appropriate conclusions.
• Developing and executing internal audit activities, consult with management on strategic plans and other business matters, and anticipate emerging risks
• Participating in decision making with senior engagement management, provide meaningful insights, and seek to understand the broader impact of current decisions.
• Documenting and testing business process and IT controls that support key financial operations.
• Evaluating control deficiencies, and monitoring remediation actions, timelines, and progress.
• Maintaining current knowledge of laws, regulations, procedures, and policies governing the Bank.
• Lead the setup of the enterprise risk assessment for the bank and developing a risk log.
• Take responsibility for the Bank’s annual control work program using the internal control framework within the Bank.
• Ensure appropriate level of communication is maintained on Internal Control matters to support the framework and ensure appropriate ownership and accountabilities from management and managers.
• Develop adequate training material on the internal control objectives, approach and methodology.
• Conduct follow-up reviews of financial, operational, or regulatory compliance deficiencies noted during audits.
• Prepares monthly exception reports and presents to the Managing Director
• Ensures capital & revenue expenditure complies with policies and approval limits
• Ensure compliance of loans disbursement to credit policies.
• Implements the anti-fraud campaign and assess compliance.
• Prepares monthly regulatory renditions and returns.
• Flexibility to carry out any other task as requested by Management.
• Any other task assigned by the Managing Director.

Qualifications

• HND / B.Sc in Accounting.
• ICAN Certified.
• Evidence of completion/ exemption of/from NYSC
• Evidence of completion of Microfinance Certification program.

Experience:

• Minimum of five (5) years’ experience in Internal Control in a microfinance bank or financial institution.
• Prior managerial experience in similar role or capacity
• In-depth knowledge of Internal control framework for the Microfinance Industry/Commercial banking.

Application Closing Date
13th July, 2023.

Method of Application
Interested and qualified candidates should send their CV to: godwin@thinkfinancemfb.com using the Job Title as the subject of the mail.