About the Role
LAPO Microfinance Bank Limited is a leading, pro-poor financial institution committed to the socio-economic empowerment of low-income households across Nigeria through responsive and sustainable financial services. Established in the late 1980s and operating as a national microfinance bank licensed by the Central Bank of Nigeria, we strive every day to live by our mission of improving lives. We are currently looking for a strategic and detail-oriented professional to lead our internal control function and safeguard the financial and operational integrity of our institution.
Key Responsibilities- Ensure strict adherence to the bank's operational policies, procedures, rules, and regulatory frameworks.
- Develop and update robust control and compliance policies, procedures, programs, and manuals to effectively mitigate emerging risks.
- Conduct continuous reviews and assessments of operational processes to identify areas for improvement and strengthen internal controls.
- Collaborate closely with Risk, Legal, Compliance, and Operations departments to align control activities with the bank's strategic objectives.
- Define the strategic direction for the Internal Control function in alignment with overall company goals.
- Coordinate regular reviews to verify departmental compliance and prevent fraudulent activities across all business units.
- Evaluate business recovery procedures for operational disruptions and maintain proactive communication with executive management.
- Report directly to the Managing Director on all control and compliance issues for prompt remedial action.
- Coordinate and test system controls for efficiency before and after implementation while identifying malfunctioning modules.
- Minimum of a Bachelor's degree (BSc) or Higher National Diploma (HND) in Accounting or a related financial field.
- Minimum of 5 years of cognate professional work experience in internal control, audit, or risk management within the financial services sector.
- Demonstrated expertise in fraud prevention, regulatory compliance, and control framework development.
- Strong analytical, leadership, and problem-solving skills with uncompromising integrity.
- Competitive salary package commensurate with industry standards.
- Opportunities for professional growth and career advancement within a leading national microfinance bank.
- Comprehensive health insurance and other staff welfare benefits.
- A collaborative work environment driven by core values of integrity, innovativeness, and excellence.