About the Role
Lovonus Microfinance Bank is a trusted, CBN-licensed and NDIC-insured financial institution dedicated to empowering micro, small, and medium enterprises with cost-effective financial solutions. Headquartered in Lagos, we are currently expanding our team and looking for a dedicated Internal Control Officer to safeguard our institutional assets, ensure regulatory compliance, and maintain the highest standards of operational integrity across all our branches and digital channels.
Key Responsibilities- Plan, execute, and document periodic internal audit engagements and operational risk evaluations across all departments and branches.
- Monitor daily transaction workflows, credit operations, cash handling, and general ledger postings to ensure strict adherence to internal controls.
- Review and assess compliance with CBN directives, NDIC guidelines, and internal policy frameworks.
- Conduct routine and unannounced branch control audits, vault counts, and loan portfolio quality reviews.
- Identify operational vulnerabilities, control lapses, and policy violations, providing actionable audit findings and mitigation recommendations.
- Investigate financial discrepancies, fraud attempts, transaction errors, and policy breaches, issuing comprehensive investigation reports.
- Evaluate core banking system transactions, user access permissions, and digital channel operations to prevent authorization bypasses.
- Support external audit exercises, regulatory examinations, and assist management with audit issue tracking and remediation.
- Deliver regular internal control awareness briefings to operational staff to foster a proactive risk mitigation culture.
- Prepare clear, concise, and structured periodic audit and internal control reports for the Management Audit Committee and Executive Management.
- Bachelor's Degree or HND in Accounting, Banking & Finance, Economics, Business Administration, Microfinance, or a related discipline.
- 2 to 5 years of proven experience in internal control, internal audit, or risk inspection within a bank, microfinance bank, or financial institution.
- Sound knowledge of CBN microfinance banking regulations, internal audit methodologies, internal control frameworks, and accounting standards.
- Hands-on experience auditing core banking software, such as BankOne, and digital financial service operations.
- Strong analytical skills, investigative mindset, data reconciliation capability, and professional report-writing skills.
- Unquestionable integrity, objective judgment, high attention to detail, and administrative firmness.
- Must reside in Lagos and be comfortable driving a culture of strict operational discipline.
- Competitive salary of NGN 250,000 monthly.
- Opportunity to work with a reputable, NDIC-insured financial institution in Lagos.
- Professional growth and career advancement within the microfinance sector.
- Dynamic and collaborative work environment focused on excellence and integrity.