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7 Aug 2018

Full-Time HEAD, INTERNAL AUDIT @ INFINITY TRUST MORTGAGE BANK PLC

INFINITY TRUST MORTGAGE BANK PLC – Posted by Agolo Anywhere

Job Description

Infinity Trust Mortgage Bank Plc (ITMB) was licensed in 2002 and started business operations in 2003, precisely, 15 years ago. Its registered trademark Infinity Homes is a reflection of the strong desire of the Bank to create endless opportunities for shelter for every category of Nigerians.

HEAD, INTERNAL AUDIT

Job Description

  • Build a strong compliance environment to ensure zero level of policy, procedures and regulatory infractions.
  • Ensure prompt and effective call over of branch transactions.
  • Build strong awareness in branch staff on all policy and procedures issues; zero tolerance for open GL Items, unreviewed transactions, and income leakages.

Key Responsibilities

  • Call over of Transactions as per the approved threshold.
  • Review of expense and cash advances and ensure conformity with laid down policies.
  • Carry out security sweep at least once in a month.
  • Ensure complete and accurate recognition of all fees and charges on every relevant account.
  • Review of Fixed Asset Register.
  • Review KYC compliance.
  • Carry out spot checks and review of activities in the branches under coverage.
  • Cash count and vault administration, funds transfer, ensuring adherence to policies and procedures.
  • Review of system exception message report.
  • Review of GL/P&L Movement Report.
  • Conduct Seriality checks /test on Managers Cheque/Bank draft in the branches under coverage.
  • Review of Suspense/Transit/Proxy Accounts.

Key Performance Measures:

  • Control Adequacy rating from Internal Audit.
  • Promptness and effectiveness of call over of transactions.
  • Integrity of the GL accounts in all Business offices.
  • Promptness, Accuracy, and Validity of Exception Reporting/Rendition of all Control Activity Reports.
  • Effectiveness at follow up to ensure that Internal Audit recommendations are implemented.
  • Quantum of undetected regulatory/statutory infractions from External Auditor and Regulators reports.
  • Quality and Timeliness of losses and loss events reporting in processing areas Undetected Income leakage/P&L reversal arising from undetected processing errors.

Requirements/Qualifications

  • A First Degree or its equivalent in Accounting or Audit.
  • Professional qualification in Accountancy or Audit would be an added advantage.

Experience:

  • Minimum of 8 years post graduate cognate experience in any reputable financial institution with at least 4 years at the managerial position of a reputable financial institution.

Required Competencies:

  • Internal relationship
  • The need to maintain a wide network with key stakeholders in the Bank.

Technical Competencies:

  • Report writing/Investigation skill
  • Banking operations experience
  • Interpretation of ML (P) Act 2004 & CBN KYC Manual 2003.

Personal Competencies:

  • Excellent interpersonal skills
  • Attention to details.

Method of Application

Applicants should send their Applications and CV’s to recruitment@infinitytrustmortgagebank.com Using “Head, Internal Audit” as the subject of the mail.

Job Categories: Accounting & Finance and Audit. Job Types: Full-Time. Job Tags: INTERNAL AUDIT.

Endless.

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