Team Lead, Head Office & Subsidiary Audit at United Bank for Africa (UBA)

Job Objective(s)

• The core objective of the Head Office Audit is to systematically evaluate the framework for internal control, risk management, regulatory compliance, corporate governance, policies and procedures of the Group to ensure that the operations of the Group are carried out in a safe and effective manner.
• Head Office Audit shall provide management with assurances that controls, which govern the group’s and subsidiary activities and its computer systems and operations, are properly conceived, in line with global best practice and are being effectively administered.

Duties & Responsibilities

• 100% execution of approved annual audit plan including focused audit and spot checks.
• Ensure full compliance with regulatory requirement and avoid regulatory penalties.
• Ensure adherence to policies, procedures and processes instituted by Board and Executive Management.
• Identify and mitigate risks inherent in people, process, systems and technology and recommend corrective action plans.
• Review and evaluate effectiveness of the control environment and report on any exceptions noted to the management.
• To conduct focused audit/spot checks to test vulnerability of high risk areas.
• Engagement of audit client in a thorough walkthrough audit to have a clear knowledge and deep understanding of the process, products, system, development, structure and effect of changes on operations, reporting and compliance environment.
• Conduct a systematic and discipline review of off-site documentation using the approved audit programme, checklist, audit planning memorandum and generally accepted best practices.
• Review of audit exceptions for final response with audit clients.
• Notification of audit exceptions to audit clients and collation of responses to deviations and non-compliance observed.
• Conduct planned spot checks to test areas of vulnerabilities or inadequacies in processes, policies, procedures, systems, records and accounts.
• Conduct special investigation to establish root-cause of service failure at the instance of the board, management, customer’s complaints, fraudulent activities.
• Ensure that all audit documentations received off-site and obtained on-site are safely and securely archived on a secured folder.
• Ensure that all published audit reports, approved audit programmes, audit checklist, rating sheet and audit planning memorandum are safely and securely archived on a secured folder.

Knowledge & Skills Required

• First Degree in any related discipline.
• Masters’ Degree / professional qualification such as ACA or ACCA (added advantage).
• Banking Operations / Credit (Domestic and Foreign).
• Comprehensive Treasury Knowledge.
• Comprehensive Capital Market Operations.
• Fraud and Operational risk knowledge.
• Banking, Insurance, and financial services knowledge.
• Extensive Working Knowledge of Microsoft word, Excel and PowerPoint, Intranet Mailing facility and the core banking application (Finacle) of the bank.
• Oral and written Communication Skills.
• Auditing and Accounting Skills.
• Analytical and Investigation Skills.
• Policy and Regulation interpretation/ implementation.
• Finance and Financial Strategy Skills.
• Conceptual Skills.
• Leadership skills.
• Advisory skills.
• General Corporate Finance and Financial Strategy Skills.
• Policy and Regulation interpretation/ implementation.
• Conceptual Skills.
• Corporate Performance Management Skills.

Minimum Educational Qualification

• Others

Minimum years of work experience required

• 5 years