Investigation / Internal Control Officer at AB Microfinance Bank

Job Description

• The Bank is seeking to fill up this vacancy, kindly go through it carefully and apply accordingly.
• Refcode: IICO/R/SEPT/2024

Responsibilities

• Assess the adequacy and effectiveness of internal control in all areas of the Bank operations areas in delivering core functions and operations of critical shared services; and suggest measures for improvement.
• Conduct investigations and analysis to detect and prevent fraud, malpractices, and operational risks.
• Follow up on internal Control Checklist, update incident log and ensure timely submission of report.
• Evaluate evidence, documentation, and financial records to determine the occurrence of fraud or malpractice.
• Participate to carry out Investigation throughout the bank involving reported allegations of fraud, waste, embezzlement, and abuse and determine the bank’s exposure and actively recover the losses.
• Proactively facilitate the early detection of fraud and risk of collusion.
• On each confirmed internal fraud /financial crime matter establish the trend, identify modus operandi and provide remedial recommendation.
• Reviewing and researching evidence/documents to analyze the overall fact pattern of a claim and integrate data into a professional report with recommendations.
• Evaluating operational risks associated with lending practices, client transactions, and internal controls is essential for mitigating risks and maintaining financial stability. This includes analyzing financial statements/records, loan portfolios, and performance indicators to assess risk exposure.
• Identify potential fraud indicators, current fraud trends, assess their impact, and recommend mitigation strategies.
• Ensure that culprits of fraud are reported to the respective law enforcement agencies in collaboration with Legal department and Business process owners.
• Work with legal to coordinate the prosecutions of criminal cases.
• Attend all relevant stakeholders meeting, e.g. Checklist meeting, DCs and even in court of law when needed.
• Prepare monthly fraud incident report for the management Risk Committee.
• Manage a large and varied caseload, prioritizing tasks to achieve positive results.

Requirements

• At least Bachelor’s degree/HND, ideally with a focus on Accounting, Procurement administration, Finance/Risk Management.
• At least three years work experience in related role
• Professional qualifications like CFE, risk management is an added advantage.
• Willing and able to use several dashboards for both Credit and Non-Credit fraud.
• Experience with credit/lending business and technical skills (SQL, Google/Youtube).
• Track record of risk aversion, sound judgment, integrity, and ethical conduct.
• Strong analytical skills, excellent communication and interpersonal skills.
• Basic knowledge of cyber risk and common fraud typologies, along with the emerging trends affecting fraud and financial crime
• Ability to travel, work flexibly, and manage time effectively.
• Familiar with key AML, CFT, CPF, Financial Crime, and Sanctions legislation.
• Proficiency in Microsoft Word and Excel, fluency in English.
• Curious and investigative, with a willingness to learn and adapt.
• A fast learner: able to use developed sophisticated tools.
• Ability to work independently, with a strong understanding of business policies and procedures.