Job Summary
A distinguished Microfinance Bank headquartered in Elite State is in search of a seasoned, analytical, and impartial expert to fill the role of Head, Audit and Risk Management (HARM).
The ideal candidate will deliver independent, objective assurance and advisory services aimed at enhancing the bank’s operational efficiency and effectiveness. While reporting functionally to the Board Audit & Risk Management Committee, they will maintain an administrative reporting line to the Managing Director/CEO. The Head of Audit, Risk, and Compliance (HARD) will be responsible for the oversight of internal audit, risk management, and regulatory compliance frameworks, ensuring the protection of the bank’s assets and the maintenance of operational integrity.
Key responsibilities include overseeing project execution, ensuring adherence to timelines and quality standards, and collaborating with cross-functional teams to achieve organizational objectives. The role involves managing stakeholder expectations, conducting performance evaluations, and implementing process improvements to enhance efficiency. Additionally, it requires maintaining compliance with industry regulations, preparing detailed reports, and providing strategic recommendations to senior leadership. Strong problem-solving skills and a proactive approach are essential to address challenges and drive continuous improvement.
Develop and carry out a thorough, risk-focused annual internal audit strategy to assess the efficacy of the bank’s internal controls and accounting systems.
Experts in risk management are tasked with pinpointing, evaluating, overseeing, and addressing operational, credit, liquidity, and strategic risks spanning every department and branch within the organization.
Ensure strict adherence to regulatory standards established by the Central Bank of Nigeria (CBN), the Nigeria Deposit Insurance Corporation (FDIC), and applicable statutory provisions.
Conduct a comprehensive assessment of internal control systems, credit distribution processes, and financial operations to identify and mitigate potential errors, fraudulent activities, or inefficiencies.
Investigations & Reviews: Spearhead thorough inquiries into potential fraud, policy violations, or operational inefficiencies, and propose remedial measures to address identified issues.
Board & Management Reporting: Create and deliver thorough, impartial periodic reports summarizing audit results, risk assessments, and adherence to regulatory requirements for the Board Audit Committee and senior leadership.
Seeking a candidate with a minimum of five years of experience in a related field, along with a bachelor’s degree in a relevant discipline. Must possess strong analytical skills, exceptional communication abilities, and proficiency in industry-standard software tools. The ideal applicant will demonstrate leadership experience, problem-solving capabilities, and a commitment to continuous professional development. Additional requirements include the ability to work under pressure, manage multiple priorities, and collaborate effectively within a team environment.
A Bachelor’s degree or Higher National Diploma (HND) in Accounting, Finance, or a closely related field is required.
A minimum of five to eight years of professional experience in the financial services sector is required, including no fewer than three years in a leadership or managerial capacity within Internal Audit, Risk Management, or Compliance at either a Microfinance Bank or a Deposit Money Bank.
Professional Membership: Compliance with the Central Bank of Nigeria’s fit and proper guidelines necessitates possession of recognized qualifications such as ACA (ICAN), ARCA, or CIA. Additionally, holding an ACID designation is highly advantageous.
Evidence of either enrollment in or successful completion of the Microfinance Certification Program (MCP) is strongly preferred.
Proficient in internal audit methodologies, risk assessment frameworks, financial fraud detection, and the CBN Revised Regulatory & Supervisory Guidelines for Microfinance Banks.
We seek candidates with a strong capacity for professional skepticism, an unwavering commitment to integrity, exceptional critical thinking abilities, and superior reporting proficiency.
Qualified and enthusiastic applicants are encouraged to submit their Application and Curriculum Vitae (CV) in PDF format to: a.funmilayo@resortconsult.com, with a copy sent to info@resortconsult.com. The email subject line should clearly indicate the job title.
Qualifications
BA/BSc/HND , Professional Certificate
Experience Required
5 - 20 years
