Internal Control & Audtor Officer

Jubilee-Life Mortgage Bank

Accounting, Auditing & Finance

Responsibilities:

• Follow up and ensure that all customer complaints are reported to the appropriate quarters and investigated on time
  
• Monitor accounts and transactions of branches and the head office regularly to identify any fraudulent activities.
• Supervise transactions of branches and the head office to identify and investigate fraudulent activities.
• Perform fraud investigations and submit monthly reports to your line manager, Head Internal Audit & Compliance.
• Perform product reviews to identify any vulnerabilities.
• Create and implement preventive measures to stop fraud.
• Investigate any suspicious activity and report to Head Internal Audit and Compliance immediately.
• Recommend new software tools used for fraud detection, prevention, and reporting activities.
• Interacting with external partners such as law enforcement agencies, vendors, and banks to validate information on fraudulent activities.
• Maintain fraud analysis models to improve the efficiency and effectiveness of systems.
• Examine fraudulent activities and process claims for clients.
• Perform issue resolution and decision-making related to fraud detection activities.
• Provide expert advice to less experienced staff regarding the detection and investigation of fraud.
• Identify possible threats to the bank, such as security lapses, fraud incidents, and trademark infringement, and take appropriate actions to avoid them in a timely manner.
• Call-over of all transactions from Tellers and Funds Transfer.
• Ensure Policy/Procedure/Regulatory Compliance on transactions or activities initiated by or to the assigned branches
• Provide Control and Compliance Counseling, Advisory, and Decision Support Service to the business units (SBUs).
• Create and improve a homogenous Compliance Culture in the branch that aligns with the control and business objectives of the Bank
• Build a strong KYC and KYC (B) compliance environment in the assigned business units
• Ensure the integrity of the transactions and GL accounts in the branch through daily review of the branch's GL balance reports and other relevant ad hoc and standard reports
• Ensure that open items in the branch GL accounts are current and reflect the true nature of the products recorded therein. Any major deviation from the standard must be escalated following the appropriate escalation procedure
• Ensure prompt and qualitative rendition of relevant returns and reports as may be required by the Head, Internal Audit.
• Institute and enforce aggressive Revenue Assurance and Cost reduction Strategies/Tactics for branches and head office under your purview to ensure zero % income leakages
• Ensure prompt resolution of all open issues in the Internal Audit Report, Management letter, Regulatory Examiners Report, and other Statutory Examiners Reports involving branches under your purview.
• Ensure capturing all KYC documentation into all customers’ accounts in the Core Banking Applications through the regular review of Account opening and documentation, both on the file and on the system.
Daily Independent Call Over of all qualifying Transactions within 24 hours of posting and, where practicable, online same day, and as may be advised to you from time to time.

Requirements

• First degree (or equivalent) in any discipline.
• Postgraduate degree or any professional qualification is an added advantage, such as: o ACA, CIBN, ACCA, CFA, professional certification is an added advantage.
• Knowledge of financial, accounting, and auditing processes.
  
• Knowledge of managerial accounting
  
• Knowledge of banking regulatory guidelines.
  
• Knowledge of the banking industry.
  
• Knowledge of Risk management.