Description
The Internal Audit and Verification Officer is responsible for conducting audits, verifying financial transactions, and ensuring compliance with regulatory standards within the microfinance bank; call over process, identifying discrepancies, assessing risks, and ensuring the integrity of financial reporting and operations
Responsibilities
Ensure all audit and verification records are accurately documented and accessible for future reference or regulatory audits.
Evaluate and test the effectiveness of internal controls over financial reporting, loan processing, cash handling, and other critical operations.
Investigate any irregularities, fraudulent activities, or policy violations, documenting findings and recommending corrective actions.
Identify and assess risks related to fraud, financial misstatements, and operational inefficiencies through detailed audits and transaction verifications.
Monitor the bank’s compliance with financial regulations, including anti-money laundering (AML), Know Your Customer (KYC), and other applicable laws.
Verify and validate daily, weekly, and monthly transactions, including loan disbursements, deposits, withdrawals, and other financial activities.
Conduct regular internal audits of financial transactions, accounts, and operational activities to assess accuracy and compliance with policies and regulations.
Oversee and verify the accuracy of all financial transactions and records through the “call over” process, ensuring transaction logs and records are cross-checked with the supporting documents
Requirements
Bachelor’s Degree in Accounting/Finance from a reputable University
At least 2-3 years of experience in internal auditing, financial verification, or accounting, preferably in the banking or microfinance sector.
Proven knowledge of auditing standards and procedures, laws, rules and regulations.
Be a member of ICAN/ACCA/CIA as a minimum; CIBN, MCP certified
Experience in a Microfinance bank setting in related role is an added advantage
Solid knowledge of banking operations, microfinance regulations, and financial management
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