Internal Control Officer

Found in: beBee S NG - 4 weeks ago


Ikeja, Nigeria Elsadave Full time

Description 
The responsibilities of an Internal Control Officer in a microfinance bank are critical to ensuring the institution's compliance, risk mitigation, and operational integrity:

  • Conduct regular risk assessments to identify potential risks to the bank.
  • Evaluate the impact and likelihood of identified risks.
  • Prioritize risks and communicate findings to relevant stakeholders.
  • Review financial records, operational processes, and internal controls to ensure compliance with policies and regulations.
  • Prepare comprehensive control reports detailing findings and recommendations.
  • Monitor the microfinance bank's adherence to regulatory requirements, internal policies, and industry best practices.
  • Keep abreast of changes in regulations to ensure timely updates to internal controls.
  • Implementing laid down strategies to detect and prevent fraud within the bank.
  • Investigate and report on suspicious activities, recommending corrective actions.
  • Collaborate to identify opportunities for process improvement and operational efficiency.
  • Implement measures to enhance internal controls while maintaining streamlined operations.
  • Maintain accurate and up-to-date documentation of internal control processes and procedures.
  • Ensure that relevant stakeholders have access to the latest documentation.
  • Prepare regular reports for management, summarizing key control metrics, audit findings, and recommendations.
  • Communicate the results of internal audits and assessments to the appropriate stakeholders.
  • Collaborate with different departments to ensure that internal controls are integrated into various operational processes.
  • Track the implementation of corrective actions based on audit findings.
  • Ensure that identified weaknesses or deficiencies are addressed promptly.
  • Assess the effectiveness of information systems and technology controls.
  • Ensure that technology-related risks are identified and mitigated.


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