Job Purpose:The purpose of a Resident Internal Control Officer is to represent the Risk and Compliance Department in the branch by managing effectively the compliance risks faced by the bank. He should on a pro-active basis, review documents, processes and procedures and assess the compliance risks associated with the branch’s business activities.Essential Job Duties:
Ensure branch staff comply with Internal Code of Conducts; Policy/Procedure and Regulations on transactions initiated by the bank.
Ensure that all expected activities as stipulated in the control checklists are performed by the branch management
Educate and train staff on compliance issues, and acting as the contact point within the branch for compliance queries from staff members
Create and improve homogenous Compliance Culture in the assigned branch that aligns with control and business objectives of the Bank
Build strong KYC and KYCB compliance environment in the assigned branch i.e. ensure capturing of all valid KYC documentation into all customers’ accounts in the Core Banking Applications through the regular review of Account opening and documentation both on client files and on the system.
Review credit files after loan approval at the LCM and before loan disbursement: All risks observed must be escalated before disbursement.
Carry out unannounced field visit to clients’ business locations before or after loan approval as the case may be.
Ensure integrity of the transactions and GL accounts in the branch through daily review of the branches GL balance reports.Any major deviation from the standard must be escalated.
Institute and enforce aggressive Cost reduction Strategies/Tactics for the branch under your purview to ensure zero% income wastage
Ensure prompt resolution of all recommendations in the Internal Audit Report, Regulatory Examiners Report and other Statutory Examiners Report involving the branch under your purview.
Ensure daily Call Over of all Tills transactions (which include but not limited to deposit/withdrawal slips, Cheque slips, Internal fund transfers)within 24 hours of posting and where practicable online same day and as may be advised to you from time to time
Daily Review of all System Generated Override Message/Exception Reports to ensure that appropriate approvals were obtained for it and that they are valid transactions
Daily review of ATM Card and Pin Management or any other related reviews to ensure any irregularities are discovered and escalated promptly.
Conduct Special Investigation as may be directed by the Risk and Compliance Manager.
Conduct spot checks, stock taking and other functions as may be assigned from time to time.
Ensure prompt and qualitative rendition of relevant returns and reports as may be required by the Risk and Compliance Manager which will include among others: Critical Control Issues Report, Unusual Incidence Report, Report on assets ageing in standard approved format etc
Any other job that may be assigned by the Risk and Compliance Manager.
Key Performance Indicators
Operational Lossesare within tolerance limit
Minor undetected regulatory/statutory breach by Internal Audit, External Audit, CBN, NDIC, NDLEA, EFCC and other regulatory reports for the branch.
Minor undetected internal policy and procedure infractions by Internal Audit, External Audit, CBN, NDIC and other regulatory reports in the branch.
Few undetected major exceptions from Internal Audit, External Audit, CBN, NDIC and other regulatory reports in the branch.
Quality and Timeliness of losses and loss events reporting in the branch
Magnitude of potential loss figures on branches GL accounts in the branch.
Overall Internal Audit rating of the Internal Control system of the branch.
Integrity of the GL accounts in the branch.
Exceptions observed in client files review, control adequacy checks and other internal control quality assurance checks administered in your branch.
QUALIFICATION/EDUCATION: B.Sc / HND in any discipline. Professional Qualificatio such as (CIMA, ACCA, ICA…) or its equivalent will be an added advantage.
WORK EXPERIENCE: A minimum of 1-3 years working experience in a Financial Institution.
SKILLS: High-level proficiency in written and spoken English; good knowledge of word processing; proven spreadsheet skills; good interpersonal relations skills.
PERSONAL TRAITS: Tactfulness; self-disciplined; resolute and Value driven. Pragmatic and meticulous in processes and procedures; Ability to relate effectively across different levels of authority. Time conscious and purposeful. Self starter and good leadership skills.
Note: Only shortlisted candidates will be invited for test and interview.
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