Job Offers at AB Microfinance Bank

Job Summary

• The Bank is currently looking for additional staff to join the Procurement Unit to Support all processing, sourcing and purchasing activities to ensure all procurement transactions are delivered efficiently.
• The Procurement Officer will be responsible for coordinating and delivering on procurement throughout assigned portfolio and spend area, providing support and advise to end users/requesters within assigned portfolio and spend area, compliance with internal procurement systems, policies, guidelines and procedures, negotiating new supply agreements and renegotiating existing supply agreements within assigned portfolio/spend area amongst other tasks.

Main Responsibilities

• Instant capture of all procurement requests from internal customers (End users and Interfacing Department) to procurement in an electronic format on the procurement requisition report for ease of tracking requisitions, assessment and delivery of expectations/satisfaction of stakeholders for request within assigned portfolio
• Monthly report of performance in purchasing activity within assigned portfolio expected to turn requisitions into goods and services within specified turnaround time that ensures requestors are provided timely
• Maintain and constantly update register of market prices and catalogues through the conduct of Market surveys on goods and services procured by the Bank from time to time or as may be required
• Ensure full compliance with the Bank’s laid down procurement policies, procedures and practices in the course of delivering day to day task
• Follow established policies/procedures in the identification and registration of new suppliers to be inputted into the Bank’s current supplier database as registered vendor and ensure only such registered vendors are awarded contracts from the Bank
• Participate in the evaluation of suppliers for the purpose of conferment of preferred and approved supplier status with approval from Unit Supervisor
• Participate in the negotiation of contract and purchase requirements on a range of procurement within portfolio ensuring favorable terms and conditions are obtained for the Bank with minimal risk of exposure and ensure delivery to exact specifications as requested in requisitions
• Prepare and administer approved request for quotation, proposal and tender documentations/application of tender and strategic sourcing process for key projects and spend categories as may be required
• Ensure approved authorized signatories have endorsed vendor payment vouchers and final invoices and/or proforma invoices and supporting documentations for payment processing of cost incurred within assigned portfolio
• Ensure all processed invoices and vouchers are paid for timely and completely.
• Quarterly update of supplier list within assigned portfolio
• Any other responsibility as may be assigned.

Necessary Experience and Requirements

• Bachelor's Degree in Management, Social Science or any related field.
• 4 - 5 years procurement related work experience in a reputable organization
• Professional Certification in Purchasing and Supply (An added advantage)
• Ability to understand and apply policies, procedures to daily task
• Well-developed oral and written communication skills
• Project and time management ability
• Proficient in Microsoft word, Excel and Power point
• Proficient in Data analytics and visualizations
• Experience in travel protocol management (Flights, hotels, daily per-diem & local transportation management)
• Knowledge of service procurement management (Internet service, technology service)
• Knowledge of supplier performance management
• Intermediate/advanced Negotiation skills
• Ability to meet multiple deadlines and very meticulous.

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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.