Worknigeria was established with a Singular Vision. To help the vast Nigerian workforce find meaningful jobs. We are also on a mission to upskill them in the best ways possible and help them grow with and within their careers.

We are recruiting to fill the position below:

Job Title: Internal Control Lead

Location: Victoria Island, Lagos
Employment Type: Full-time
Industry: Oil and Gas
Reports to: Chief Operations Officer
Key Interfaces: Internal stakeholders – All departments
Supervises: Internal Control Officers

Job Purpose

• To develop, implement, and maintain a robust internal control framework that safeguards the company’s assets, ensures the accuracy and integrity of financial reporting, and mitigates risks.
• This role is pivotal in ensuring compliance with regulatory requirements, preventing fraud, and enhancing the efficiency and effectiveness of the company’s operations

Responsibilities

• Design and implement comprehensive internal control policies and procedures across all operations, including the depot and jetty.
• Regularly review and update internal control systems to adapt to changes in the business environment and regulatory landscape.
• Conduct risk assessments to identify potential areas of vulnerability in the company’s operations, particularly in product handling, storage, and financial transactions.
• Develop and monitor risk mitigation strategies to address identified risks, ensuring they are effectively managed.
• Ensure all company operations are in full compliance with local and international regulatory requirements, including financial reporting standards and industry-specific regulations.
• Plan and conduct regular internal audits to evaluate the effectiveness of internal controls and identify areas for improvement.
• Monitor the implementation of audit recommendations and ensure corrective actions are taken where necessary.
• Develop and implement fraud prevention strategies, including training programs for employees on recognizing and reporting fraudulent activities.
• Investigate any suspected fraud or irregularities, coordinating with relevant departments to resolve issues and strengthen controls.
• Ensure the accuracy, completeness, and reliability of financial reporting through the implementation of effective controls.
• Work closely with the finance team to ensure all financial transactions are properly recorded, documented, and reconciled.
• Conduct training sessions for employees at all levels on internal control procedures, risk management, and compliance requirements.
• Engage with senior management, providing regular updates on the status of internal controls, risk management initiatives, and compliance activities.
• Other tasks as assigned by line manager.

Key Accountabilities

• Ensure the internal control framework is effectively implemented and operational across all departments, including the depot and jetty operations.
• Proactively identify, assess, and mitigate risks to prevent operational disruptions, financial losses, and compliance breaches.
• Maintain full compliance with all regulatory requirements, ensuring timely reporting and adherence to industry standards.
• Ensure positive audit outcomes with minimal findings, reflecting a strong internal control environment.
• Implement and maintain robust fraud detection and prevention mechanisms, minimizing the risk of fraud within the organization.

KPIs

• Effectiveness of Internal Control Systems
• Risk Management
• Compliance with Regulations
• Ensure positive audit outcomes with minimal findings, reflecting a strong internal
• control environment.
• Fraud Detection and Prevention

Requirements

• Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
• Minimum of 7-10 years of experience in internal control, auditing, or risk management, with a significant portion in the oil and gas industry, preferably in downstream operations.
• Proficiency in internal control frameworks, risk assessment methodologies, and audit processes.
• Demonstrated experience in leading internal control or audit teams, with a proven track record of improving control environments.
• Proficiency in using financial management systems, audit software, and Microsoft Office Suite.

Job Attributes:

• Integrity and ethical conduct, ensuring impartiality and objectivity in all internal control activities.
• Strong analytical and problem-solving skills, with the ability to identify and assess risks, control weaknesses, and areas for improvement.
• Attention to detail, ensuring accuracy in financial reporting, compliance documentation, and control assessments.
• Ability to lead and influence others, driving a culture of compliance, risk management, and operational excellence across the organization.
• Excellent verbal, written communication skills, with the ability to effectively engage with stakeholders at all levels.

Application Closing Date
22nd October, 2024.