Head, Internal Control, Compliance & Risk Management (Microfinance)

About the Role

We invite applications from suitably qualified candidates for the position of Head, Internal Control, Compliance & Risk Management at First Excelsia in Lagos, Nigeria.

Key Responsibilities

• Develop an annual risk-based internal audit plan and oversee the implementation of approved audit programs
• Ensure comprehensive documentation of audit work plans, testing results, conclusions, recommendations, and follow-up actions on identified deficiencies
• Provide technical assistance on investigations and special audit assignments, offering subject-matter expertise where required
• Stay current on regulatory oversight trends and integrate a risk-based approach into audit planning and execution
• Conduct periodic bank-wide risk assessments to identify exposures relating to internal controls, regulatory compliance, operational efficiency, and financial reporting accuracy
• Provide recommendations to mitigate business risks and improve operational processes and efficiency
• Direct and coordinate the activities of external auditors to ensure compliance with prescribed standards and guidelines
• Prepare audit committee materials, participate in committee meetings, and present findings and recommendations to Executive Management and the Board
• Investigate and report on whistleblower and hotline cases, ensuring appropriate escalation and resolution
• Initiate and review policies and processes to ensure alignment with current legislation and industry best practices
• Identify internal control deficiencies using strong analytical and critical thinking skills, assess risk implications, and recommend appropriate corrective measures
• Lead enterprise risk assessment initiatives and maintain a comprehensive risk log
• Conduct follow-up reviews of financial, operational, and regulatory compliance deficiencies identified during audits
• Implement and monitor anti-fraud initiatives across the organization
• Prepare and submit monthly regulatory returns and statutory renditions
• Perform any other duties as assigned by Executive Management or the Board