INTERNAL AUDITOR AT OTECH MICROFINANCE BANK LIMITED

About Company:

Otech MFB is licensed by the Central Bank of Nigeria (CBN) to operate as a Microfinance Bank. We are focused on provision of financial inclusiveness to Small and Medium Scale Enterprises, Traders, Farmers, the economic active poor and under-served, and those that do not have access to banking services in the rural areas and who are at the bottom of the economic pyramid.

Job Description:

Audit Planning & Execution:

• Develop and implement an annual internal audit plan based on risk assessment and management input.
• Conduct scheduled and unscheduled audits across departments and branches.
• Evaluate internal control systems and recommend improvements.

Risk Management & Internal Control:

• Identify potential areas of operational and financial risk.
• Ensure effective internal controls are in place to mitigate financial and reputational risk.
• Monitor adherence to policies, procedures, and regulatory requirements (e.g., CBN guidelines, AML/CFT, KYC).

Compliance & Regulatory Review:

• Verify compliance with statutory laws and internal regulations.
• Monitor timely and accurate regulatory returns (e.g, CBN, NDIC, FIRS, etc).
• Conduct periodic reviews to ensure anti-money laundering and fraud prevention mechanisms are enforced.

Reporting:

• Prepare and submit monthly, quarterly, and annual internal audit reports to the board Audit Committee.
• Communicate audit findings and recommendations to management and follow up on implementation.
• Maintain detailed and accurate audit work papers.

Advisory & Government Support:

• Provide advisory support to management on process improvement and policy formulation.
• Participate in policy reviews and contribute to good corporate governance practices.
• Serve as secretary to the Board of Audit Committee.

Investigation:

• Conduct special investigations on suspected fraud, misconduct, or whistleblower concerns.
• Prepare investigative reports with documented evidence and recommendations for action.

Requirements:

Candidates should possess relevant skills and experience

Salary

Application Closing Date: Not specified

Application Instructions:

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