Internal Risk & Audit Officer at Vaste Finance

About the Role

We are seeking a qualified professional to fill this position in our Lagos office. You will be responsible for managing risk assessments, audit functions, and ensuring compliance with regulatory requirements across the organization.

Risk Management Responsibilities

• Conduct regular risk assessments and evaluate the effectiveness of current risk management processes
• Identify risks, assess their plausibility and potential repercussions, and develop risk mitigation and management policies
• Coordinate the Risk and Control Self-Assessment (RCSA) process with inputs from all departments to ensure compliance
• Establish and maintain adequate policies and mitigation measures to minimize operational risks
• Contribute to the development and implementation of risk management strategies and initiatives to enhance organizational resilience and sustainability
• Manage and prepare all documentation related to risk assessments and reviews of standard operating procedures
• Deliver regular risk analysis reports to Management with actionable plans for avoiding or preventing potential threats
• Evaluate employees' risk awareness and provide training when necessary
• Develop risk control and management strategies to reduce financial and legal impact on the business
• Liaise with and guide senior management and stakeholders regarding current and potential risks through periodic reports, documentation, and presentations
• Ensure the company meets all legal and regulatory risk requirements
• Prepare risk contingency plans to address future risk management issues

Audit Responsibilities

• Conduct independent risk assessments to inform the audit plan
• Perform internal audits, reviews, and testing procedures to assess the reliability and accuracy of financial and operational information
• Document audit findings, observations, and recommendations in audit reports and communicate results to management and stakeholders
• Execute and control the full audit cycle, including risk management and control management over operations' effectiveness and financial processes