Internal Control Officer Job at FINCA Microfinance Bank Limited
FINCA is a leading international Microfinance Institution
offering financial services and products to small scale businesses that
have been turned down by traditional banks, so that these businesses
can start, grow, and diversify with resulting increases in family
income, nutrition, employment and well-being.
FINCA pioneered the "Village Banking method of credit delivery, now used
by hundreds of organizations worldwide. Our programs reach low-income
people in more diverse countries than any other microfinance provider.
We are recruiting to fill the position below:
Job Position: Internal Control Officer
Job Location: Owerri, Imo
Department: Internal Control
About the Job
- FINCA recruits to fill the position of Internal Control Officer (ICO).
- This position requires an individual that can identify all aspect
of non-compliance with internal policies & procedures and its
implementation on products and services of FINCA Microfinance Bank and
make recommendations for improvement.
- Main focus will be to support all business activities and
initiatives that will further the achievement of FINCA Nigeria’s
business objectives in a controlled environment.
Duties and Responsibilities
- Conduct monitoring reviews/visits to all branches and review the
lending/Credit and Banking processes to ascertain the level of
compliance to the set policies and in conformity with consumer
guidelines as per the compliance plan:
Lending and Credit:
- Participate and assess the credit cycle process (pre disbursement and post- disbursement) to ensure compliance.
- Conduct field visit to verify the formation of groups, existence of
the client and their household, existence of business(s) which the loan
is disbursed, quality and maintenance of collateral pledged, and the
loan field analysis conducted by the CRO. Banking Services ( Front and
Back Office)
Review all banking processes in compliance with set policies and
procedures and report any anomalies to the Head of Risk &
Compliance:
- Ensure compliance with KYC procedures in processing new customers in an effort to control Money Laundering activities.
- Ensure that suspicious transactions are identified and duly
reported as per the reporting guidelines to the Head of Risk and
Compliance for further action.
- Ensure implementation of treasury and Cash management policies in the back office and report any identified weaknesses.
- Ensure proper record keeping of all customer documents and any other accounting support documents to secure confidentiality.
- Ensure Implementation & Compliance with Business Continuity Management Policies.
Other Internal Business Processes:
- Monitor and evaluate procurement process in compliance with FINCA Nigeria Administrative policy manual.
- Monitor all HR processes in line the internally set policies and the regulations prescribed by Government.
- Monitor system access user rights and all IT related processes in
line with FINCA Nigeria Management Information systems policy guide.
- Review and monitor any other process that is initiated either as a
result of a new product or Service for which FINCA may bring on board.
Reporting:
- Conduct exit interviews with the staff and branch management on the
findings of their inspection visit and make agreeable actions for
resolving the key finding;
- Prepare reports of inspection visits and submit to the Head of Risk and Compliance within three days after the visit;
- Based on findings, provide recommendations for improvement of policies and procedures;
- Immediately inform (by email or phone call) Head of Risk and
Compliance about all suspicious activities of FINCA employees that can
negatively affect the operations or in case of detection of serious
violations that indicate to weak internal control environment;
- Liaise with internal auditors in relation to compliance matters
identified earlier in their visits and ensure their timely
implementation.
- Follow up and Monitor the implementation of agreed actions with the
branch management teams on a regular basis – preferably starting one
month after the compliance supervision visit, track them and ensure they
have been resolved.
- Submit detailed monthly report of activities covered for the month
ended before the 03rd working day of the new month to the Head of Risk
and Compliance to facilitate the consolidation of the Monthly ICD report
to Management Board.
- Coach, Mentor and Train staff to address some of the areas to
improve quality of staff to minimize breach of policy and procedures
- Monitor policy implementation and risk of all Banking, credit staff and any other staff member with in the branch.
- Participate in the review of policies and procedures
Qualification & Required Skills
- Degree/HND in Accounting or its equivalent
- 2 - 3years post NYSC experience in Internal Control or Internal
Audit function; preferably with financial services, microfinance or
public policy.
- Good exposure to microfinance, finance or banking industry will be highly desired.
- Ability to work under pressure and handle multiple deadlines.
- Good Planning and project management abilities.
- Strong attention to details, and
- Highly organized with a good demonstration of leadership skills
How to Apply
Interested and qualified candidates should submit their CV to:
fincamfbhr@fincanigeria.com with the job position as the subject of the email.
