NTERNAL CONTROLS OFFICER
A. Essential duties and Responsibilities include the following; other duties may be assigned by the Supervisor..
a) Conduct Internal Control reviews to assigned branches to acertain the level of compliance to policies and procedures governing Lending, Back Office Operations, Customer Accounts Management, Savings, Customer Service Level and General branch Administration;
Detecting violations of controls at an early stages to limiting damages to material amounts; s; Assessing different operations in order to identify control gaps and make recommendations for preventive actions; Conduct analysis on the reasons and circumstances that lead to fraud and provide recommendations on the changes needed to protect company from such incidents; Conduct offsite control review to identify warning signals/red frags that expose the bank into loss;ss; Report all noncompliance issues which can negatively affect the bank’s operation and distort its image in the market;;
b) Conduct Internal Control review to Head Office departments and functions to acertain the level of compliance to approved policies and procedures governing decision making, approvals, payments and documentation on paper and in core banking system information.
c) Conduct regular independent review on accounts proposed for written off before presented to Board of Directors for approval to ensure compliance to write off processs
a) Draw risk control matrices upon which frequency and duration of inspection can be based, conduct desk preparation for inspection and carry entry and exit interviews with the inspected unit to ensuring aligment of control activity
b) Timely prepare and submit accurate internal control assessment reports within the approved assessment schedule.
c) Based on findings make adequate recommendations for improvement in the implementation of controls, policies and procedures.
d) Maintain all inspection records and continuously, monitor the implementation of recommended action plans. Monitor other action plans including that from management and other internal and external examiners.
e) Prepare monthly Internal control activities Report and submission to senior internal controls officier
a) Test on the staffs knowledge to policies and procedures; and properly recommend ways to improve for staff involved in process managenet. Policy Compliance a) Identify areas for improvement in the policies, procedures and processes and make recommendations for changes. If appropriate, participate in the annual policy review process. .
b) Ensure strict compliance with Code of conduct and act as Ethics Officers while carries internal controls activitiesies
c) Ensure Internal Control activities are conducted as per Internal Control Manual.
B. QUALIFICATION AND COMPETENCE;;
A University degree, preferably in Ecomonics, Finance, Acounting, Business Studies, Banking, Education, or Social and or Natural Sciences.
A good command in written and spoken English
Experience: Experience in working with either Micro-finance institution or Banking will be an added advantage A sound knowledge of principles and practices of Microfinance banking, and other deposit taking and or lending institutions.
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