First Bank of Nigeria Limited (FirstBank) is Nigeria’s largest financial services institution by total assets and gross earnings. With more than 10 million customer accounts, FirstBank has over 750 branches providing a comprehensive range of retail and corporate financial services. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone and FBNBank Senegal, as well as its Representative Offices in Johannesburg, Beijing and Abu Dhabi.

We are recruiting to fill the position below:

Job Title: Team Lead, Subsidiaries Audit

Job Identification: 1209
Location: Lagos
Employment Type: Full-time

Duties & Responsibilities

• Manages the risk-based internal audit review of Subsidiaries and ensures compliance with approved plans.
• Supports in executing effective risk assessment of the various businesses/subsidiaries and provides input into the annual/quarterly audit plan for Board approval.
• Provides first line support for the Unit Head, Subsidiaries Audit to conduct a risk-based audit that ensures focus on strategic areas of the Business.
• Assists in developing a systematic and disciplined approach for the Unit’s internal audit performance standards by evolving process improvement frameworks.
• Supervises Team Members on Audit assignments and provides first level quality assurance review of team output and ensure knowledge sharing and on the job coaching of team members
• Continually assesses, evaluates, and reports to the Unit Head, Subsidiaries Audit on emerging issues, industry trends and events affecting the Bank and Subsidiaries to enable the development of pro-active controls and monitoring mechanisms.
• Coordinates and provides leadership, guidance and support to the team in achieving the engagement timelines and budget.
• Oversee the activities of team members in the implementation of the Audit Terms of Reference and ensure meeting up with the reporting deadline.
• Develops and communicates Draft Audit Terms of Reference to Auditees’ Management and participate in formal audit meetings (including kick off and close out) with clear timelines.
• Examines and evaluates the adequacy and effectiveness of the system of internal controls in Subsidiaries.
• Monitors departments’ Profit & Loss account heads; Review of general ledger balances; review of processes, policies and procedures, conducts special Investigation and report breaches.
• Reviews the reliability and integrity of financial and operating information and evaluates techniques used to identify measures, classify and report such information.
• Reviews team members’ process documentations, walkthrough documentation, Test procedures work papers and implements quality assurance and improvement programs.
• Coordinates the preparation of audit work plan, issue summary log and draft audit report.
• Engages Heads of departments and Unit Heads of Subsidiaries to ensure efficiency and effectiveness of audit sessions and follow-up
• Represents the Internal Audit Department/Head Subsidiaries on special projects
• Engages Management of Bank / subsidiaries and act as liaison between audit department and auditee to ensure effective flow of communication.
• Comply with the principles and policies in the Information Security Handbook

Requirements
Education:

• Minimum Education: First Degree / HND in any discipline plus Professional certification, ACA, ACIB etc.; Higher Degree (nice to have)

Experience:

• Minimum experience – 10 years in Audit, Internal Control, Banking Operations and Credit.

Application Closing Date
19th November, 2024.