Vacancy at ARM Life for Head Internal Audit

Employment Nigeria 11-Nov-2017 NIGERIA , Insurance

ARM Life the Insurance subsidiary of Asset & Resource Management Company Ltd (ARM) is recruiting to fill the position below:

POSITION : Head Internal Audit, Life

Responsibilities

Responsible for developing and delivering the Company’s internal audit strategy and plan and ensure compliance with established policies, procedures and regulatory requirements throughout the company.
Foster a control conscious environment within the Company by providing reliable, valued and timely assurance on corporate governance, risks and controls whilst enhancing the overall control culture.
Provide Management and the Board Audit Committee with a quarterly reports on the key weaknesses in the Company’s Internal Control Environment and recommendations for improvement.
Along with the Internal Control Unit, participate in Risk & Control Self-Assessment Workshops and provide objective assessment of key controls.
Carry out continuous review and development of Internal Control policies ensuring continued relevance to the Company’s operating environment.
Where control deficiencies exist, propose risk mitigation and remediation plans, and communicate the remediation plan with the responsible process owners.
Liaise with Process Owners and Business Managers to ensure the timely implementation of remedial actions to address identified exceptions.
Escalate instances of persistent control issues to Senior Management.
Perform special investigations when necessary to safeguard firm assets (e.g., fraud).
Implement a methodology for consistent identification, monitoring and reporting of ‘red flag’ areas within the firm’s operations.
Ensure the reporting of identified operational risk events via the OpRisk Manager by ICOs.
Ensure compliance with existing policies and procedures, identifying & proposing modifications as needed.
Provide training to Employees on appropriate audit and control activities
Provide oversight of monitoring activities performed by the auditors.
Institute efficient staff deployment strategies that aligns staff quality with the risk rating of the units within the scope of the Internal Audit Unit’s audit activities.
Plan and supervise the execution of the Internal Audit Unit’s audit activities including the preparation and execution of an Internal Audit plan, scheduling and assigning work and estimating resource needs.
Evaluate and examine policies, procedures and systems in place across the Company to ensure that assets are protected
Evaluate the reliability and integrity of information and accounting records and ensure effective and efficient use of resources across the Company
Review the compliance of business units with policies, procedures and regulatory requirements.
Plan individual audit assignments and ensure they are completed in an effective and efficient manner and within specified timescales.
Devise internal audit programmes and comprehensive tests to cover identified auditable areas and ensure adequate controls are in place to mitigate identified risk whilst carrying out audit reviews.
Assist management and staff in identifying controls which mitigate risks within their business areas and ensure that adequate processes and controls exist.
Report results and make recommendations to management where control weaknesses are identified in policy, processes or systems.
Ensure the maintenance of evidence and well-structured documentation of work which fully supports work carried out and conclusions reached.
Supervise the follow up on the progress of implementation of recommendations and directions to Senior Management.
Maintain up to date knowledge specialist business knowledge for departmental benefit.
Encourage and participate in any process or internal control improvement initiatives.
Collate periodic reports on results of audit reviews conducted and provide to the MD of ARM Life and the Group Head, Risk Management & Internal Audit.
Ensure appropriate training, orientation, and development of auditors.
Conduct any review or task requested by Management.

Requirements:

Bachelor's degree in Accounting or Finance related discipline
ACA qualification or its equivalent
8 - 12 years of accounting or audit experience
A previous supervisory role in an audit or control function
Knowledge of the local and global financial service industry, including regulations, legislations, and operating environment.
Sound knowledge of the life insurance industry and key business processes. Knowledge of financial market operations.
Understanding of non-bank financial service operations, policies, and procedures.
Good financial accounting and reporting skills.
Audit, fraud assessment and internal control - investigation & review skills.
Anti-Money Laundering skills.
Experience with automated financial systems, including a general ledger and financial reporting software.
Good knowledge of MS Excel as an analytical tool and other MS Office Applications, including macro driven processes.
Assertive, and possesses ability to inspire and drive team performance.
Team player
Good communication skills (oral & written).
Problem solving and analytical abilities.
Integrity and good decision making ability.
Exceptional attention to detail.
The pursuit to constantly improve current processes and procedures.
Good interpersonal, presentation and facilitation skills.
Self motivated with a strong drive, and commitment to achieving agreed objectives.
Ability to work under tight deadlines while performing multiple detail-oriented tasks.
Ability to coach and groom team members.

How To Apply
Candidates should send their Applications to:recruitment@armlife.com.ng with “Head, Internal Audit” as the subject

Sorry the application deadline for this job has elapsed

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Vacancy at ARM Life for Head Internal Audit

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