Recruitment at Ave Maria Microfinance Institution - Internal Control And Compliance Position

Job Specifications:

• Job Type: Full Time
• Required Qualifications: BA/BSc/HND, MBA/MSc
• Location: Oyo.
- Vacancy Position: Internal Control And Compliance.

Requirements & Qualifications:

• Candidate must have at least 3-5years of Microfinance Bank experience in internal control.
• Minimum of B.Sc. or HND. MCIBN certification will be an added advantage.

Job Description

• Ensure compliance on report rendition to regulatory bodies monthly.
• Ensure compliance with the bank rules, policies, and regulations daily.
• Reconciliation of correspondent bank accounts to ensure transactions are not outstanding beyond 2 weeks and bringing the exercise up to date monthly.
• Review the statutory returns to regulatory authorities and government agencies to ensure monthly accuracy and timely rendition.
• Customers’ visitation for random deposit verification weekly.
• Review the accuracy and reliability of financial transaction records – cash deposits, cash withdrawals, treasury bills investments, fixed deposits, and funds transfer daily.
• Engage in loan recovery and reconcile customers’ loan accounts for closure when needed.
• Involve in thoroughly reviewing the bank’s accounting software for efficiency daily.
• Review credit or loan files for compliance daily.
• Review accounting records to ensure proper compliance with the company’s extant policies daily.
• Review and recommend changes to some of the company’s policies to ensure adequate control daily.
• Conduct cash counts of vaults daily.
• Reviewed customers’ account opening documents for compliance with the Know Your Customer (“KYC”) policy and anti-money laundering requirements daily.
• Ensure compliance with the bank’s policies and conduct daily, weekly, and monthly General Ledger (GL) reviews for reconciliation.
• Handle customer complaints (Fraud, disservice, etc). When the need arises.
• Review expenses & payments. Daily
• Conduct sweep exercise and spot check on tellers and account officers.

BENEFIT/ PACKAGES

We offer an attractive remuneration package and opportunity for career and personal development.
Method of Application
All interested candidate(s) should please send an email containing your CV with the position being applied for as the subject of the email to: marketing@ammilmfi.com

SELECTION/INTERVIEW:

Please note that the shortlisted candidate(s) will be invited for an interview via SMS and Telephone Call(s).
Deadline: July 20, 2022.