Internal Audit Manager in Lagos, Nigeria

Banking / Financial Services
Banking / Finance / Insurance
Minimum Qualification
Bachelor's Degree
Required Experience
5 - 7 years
Employment Type
Full Time
Male or Female

Job Description

Internal Audit Manager We are a Startup Microfinance Bank with a vision to promote financial inclusion in Nigeria by Leveraging on Technology. We are currently recruiting for a dynamic, flexible and experienced candidate to lead our Internal Audit/ Credit and Risk Department. .


  Responsibilities • Analysis and appraisal of Individual credit requests in accordance with approved policies and procedures to ensure that credit exposures are created subject to stipulated guidelines • Responsible for providing support, direction, credit Information, and loan policies and procedures to ensure the overall quality of the Bank’s lending portfolio • Monitor the strict adherence to credit related regulations (Single obligor limits, aggregate large exposures etc.) • Timely review and approval/rejection of credit requests • Perform reviews for renewals/assessment of existing facilities performance and other credit related requests • Monitor the attainment of approved standards on credit portfolio management • Provision of information requested by regulatory and rating agencies • Preparation and rendition of all credit risk reports (weekly and monthly reports, credit exposures, performing and default loans etc) • Perform risk acceptance evaluation and assign risk rating in line with approved risk classification guidelines • Ensures proper documentation of individual exposure by adhering to set documentation standards and procedures • Define credit approval framework and recommend credit approval limits in line with bank policy • Oversee the realization of securities on lost facilities (Loan loss provision coverage) • Effective training of subordinates to achieve business continuity in the absence of the unit head • Calculating the Allowance for Loan Loss Reserve and making recommendations to executive management and the Board of Directors for monthly allocations to the Loan Loss Reserve. • Performs direct supervisory duties of department staff, and coordinates staff for coverage in all related areas of the unit. • Establish and monitor key risk indicators, as well as implement corrective action plans to mitigate risks • Analyze transactions, internal reports and financial information for potential fraud risks • Maintain reports of significant risks and recommendations • Create policies, procedures and control assessments in response to identified risks • Evaluate the effectiveness of the company's internal control framework in addressing risks and accomplishing the company’s goals and objectives • Provide training and technical support to management and employees regarding risk management strategies and programs • Identify, measure and report on liquidity risk.


  Qualifications • At least a 2:1 University degree in Economics, Finance or any other discipline. • Master’s Degree is an added advantage. • Financial Services experience is a must preferably microfinance or lending experience • 5 years relevant experience including at least 2 year(s) of senior management level experience in the field of Internal Audit/Risk management • Good communication, presentation, analytical, and reporting skills; • Experience in training loan officers preferable; • Strong analytical skills and good interpersonal skills; • Ability to deliver excellent results both working independently and as part of a team. Interested candidates should use the position they are applying for as the title of their email and send to

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