Head, Internal Auditor

Job title : Head, Internal Auditor

Job Overview

• To provide independent and objective assurance on the effectiveness of the Bank’s internal controls, risk management processes, governance framework, and compliance with regulatory requirements, and to report audit findings to Management and the Board Audit Committee.
• The Head, Internal Auditor is responsible for developing and executing a risk-based internal audit plan and ensuring that internal control weaknesses, operational risks, and compliance gaps are identified and addressed.

Key Responsibilities

• Develop and implement a risk-based annual internal audit plan for the Bank.
• Conduct internal audits across all business and operational areas of the Bank.
• Evaluate the adequacy and effectiveness of internal controls, risk management processes, and governance structures.
• Review the Bank’s operations to ensure compliance with internal policies, procedures, and regulatory requirements.
• Conduct periodic audits of key areas including credit, operations, finance, IT, and compliance.
• Investigate fraud, irregularities, and control breaches.
• Prepare internal audit reports and present findings to Management and the Board Audit Committee.
• Monitor and follow up on the implementation of audit recommendations.
• Conduct surprise audits, spot checks, and process reviews.
• Review the reliability and integrity of financial and operational information.
• Assess the adequacy of documentation and record-keeping across the Bank.
• Provide recommendations for improving internal controls, operational efficiency, and risk management.
• Coordinate regulatory audit requests and external auditor reviews where required.

Qualifications & Requirements

• Bachelor’s degree in Accounting, Finance, Economics, or a related discipline. Professional certification in ICAN or ACCA is mandatory.
• Minimum of 7–10 years’ audit experience, preferably in banking or financial services.
• At least 3 years in a supervisory or managerial audit role.
• Strong knowledge of internal audit practices, risk management, and internal control frameworks.
• Good knowledge of CBN regulations and mortgage banking operations.
• Experience in credit audit, operations audit, and IT audit is an advantage.