Internal Control and Compliance Officer

Position Overview

This position offers a great opportunity for career growth within Ave Maria Multipurpose Investment Limited (AMMIL) in Oyo Town, Oyo.

Key Responsibilities

• Ensure compliance on report rendition to regulatory bodies on a monthly basis
• Ensure daily compliance with bank rules, policies, and regulations
• Reconcile correspondent bank accounts to ensure transactions are not outstanding beyond 2 weeks, with monthly updates
• Review statutory returns to regulatory authorities and government agencies for accuracy and timely submission monthly
• Conduct random customer visitations for deposit verification weekly
• Review the accuracy and reliability of financial transaction records including cash deposits, cash withdrawals, treasury bills investments, fixed deposits, and funds transfers daily
• Engage in loan recovery and reconcile customers' loan accounts for closure when required
• Conduct thorough review of the bank's accounting software for efficiency daily
• Review credit or loan files for compliance daily
• Review accounting records to ensure proper compliance with company policies daily
• Review and recommend changes to company policies to ensure adequate control daily
• Conduct daily cash-counts of vaults
• Review customers' account opening documents for compliance with Know Your Customer (KYC) policy and anti-money laundering requirements daily
• Ensure compliance with bank policies and conduct daily, weekly, and monthly General Ledger (GL) reviews for reconciliation
• Handle customer complaints including fraud and service-related issues as needed
• Review expenses and payments daily
• Conduct sweep exercises and spot checks on tellers and account officers

Required Qualifications

• BSc or HND in Accounting, Banking and Finance, Economics, or Business Administration with a minimum of 2.2 credit
• At least 3–5 years of microfinance bank experience in internal control and compliance
• MCIBN certification (preferred)