Senior Auditor, Head Office Audit

JOB CONTEXT 

The Senior Auditor is responsible for leading and executing audit engagements in accordance with the bank’s audit plan, policies, and professional standards. 

The role involves supervising and guiding junior auditors, assessing the adequacy and effectiveness of internal controls, risk management, and governance processes, and ensuring compliance with regulatory requirements.

KEY RESPONSIBILITIES

Business and Financial performance 

• Maintain the cost of different audit types (thematic, geographical) within the approved budget, ensuring efficient resource allocation while maintaining audit coverage - without compromising audit independence.
• Ensuring reduction in operational losses by escalating key vulnerabilities bothering on income leakage from services rendered/cost control and operational gaps. (Maintain operational losses within 2% of 2025 Revenue).
• Conduct assurance audits in line with the approved audit planning to evaluate the effectiveness of controls in preventing operational losses.
• Strengthen audit focus on high-risk operational areas, providing insights into systemic issues.
• Monitor and report on repeat audit findings, ensuring business units implement sustainable remediation plans.
• Strengthen follow-up audit reviews to track the resolution of regulatory exceptions and internal control weaknesses."
   

Customer Excellence 

• Audit Planning and Execution

  - Ensure timely rendition of reports to management, Board audit committee, and other stakeholders to demonstrate commitment to transparency and accountability."

• Responsiveness to External Parties

 -   Interaction with Regulators and External Auditors"

 

Leadership and people management 

• Team Leadership and Development 

- Demonstrate commitment to team leadership and employee development by providing guidance, coaching,

and opportunities for growth and advancement."

• Communication and Policy Adherence 

- Ensure open communication among staff and regularly sensitize staff on the need to adhere to policies to

 foster a culture of compliance and integrity."

- Drive sustainable performance culture (Performance management aligned with Reward)

Process, control and operational performance 

• Review of head office units and departments’ activities and ensure exceptions are properly reported and regularized.
• Check for compliance with the bank’s policies and procedures.
• Ensure that open items in Head Office GL accounts are current and reflect the true nature of the transactions recorded therein.
• Review of bank’s compliance with applicable internal and regulatory requirements in financial ratios and other policies / regulations. 
• Review of Consolidated Management account and Management Profit Reporting with balance sheet per Head Office and branches and agree it to general ledger 
• Review of audited Financial statement including Audit adjustment and management letters 
• Liquidity, Portfolio Management, Balance Sheet, and Capital Management.
• Review of the Bank’s compliance to extant AML/KYC/CFT/CPF/PEP regulations
• Review of departmental chatters and implementation of corporate governance in relation to the regulatory provisions. 
• Ensure prompt resolution of open issues in previous audit reports, management letters, regulatory reports and other statutory examiners’ reports involving head office units.
• Ensure prompt rendition of audit sub-reports to the Senior Auditor.
• Review mobile banking products, agency banking products, cards products and other digital products offered by the bank.
• Participate in quarterly review of Risk Control Self-Assessment (RCSA) for units in audit department.
• Participate in training of audit clients during the course of audit assignments.
• Review and make comments where necessary on the bank’s draft product papers and policy.
• Make inputs where necessary on draft circulars issued by CBN and other regulators.
• Monitor audit verification certificates (AVC) of unit/departments audited for proper closure of audit exceptions.
• Articulate policies and procedures in line with developments in order to achieve zero fraud level.
• Maintain proper records of audit working papers for the bank for reference purposes and to meet the requirements of external auditors and regulators.
• Carry out spot checks and investigation activities.
• Prepare quality audit reports based on audit observations and evidence.
• Carry out any other function as may be assigned by the Team Lead/Senior Auditor.
• Income / Revenue assurance audits.
• Liaise with stakeholders for resolution of root causes of revenue leakages to ensure they are closed and prevent or reduce revenue losses.
• Periodic Revenue compliance review and reporting.
• Affiliates Audits (Role Based)
• ARR periodic review of Affiliates 
• Thematic audit of selected units (both ENG and Affiliates)
• Annual reviews of EDC and the 3 subsidiaries. 

Strategic initiatives 

• Improve Audit Quality and Efficiency:

  - Ensure continuous improvement of internal audit processes, methodologies, and tools to enhance 

     the efficiency and effectiveness of the function and support strategic initiatives.

• Leverage Technology: 

   - Utilise audit management software to streamline audit processes and enhance reporting capabilities.

JOB PROFILE

Experience & Qualifications

• B.Sc. /B.A. in the Social Sciences/Humanities/Accounting/Finance related field or its equivalent. 

                MBA/MSc is an added advantage.

• Minimum of 3 years’ experience in a bank (preferably in a GRC role)
• ACA/ACCA/CPA

Skills, Capabilities & Personal attributes

•            Effective Communicator

•            Analytical

•            Collaborative/ Team-orientated

•            Supervisory skills

•            Willingness to learn new things

•            Report writing skills

•            Good sense of judgement and integrity

•            Dynamic