New Job at Moniepoint Incorporated

Job Description

• The Head of Audit at TeamApt  Limited plays a crucial role in ensuring the integrity, efficiency, and effectiveness of the bank’s operations and internal controls. 
• This role requires a deep understanding of risk management, regulatory compliance, and auditing practices, alongside a commitment to promoting transparency and accountability within the organization.
• The CAO will lead the internal audit function, providing independent assurance and insights to the executive team and the Board of Directors. 

Key Responsibilities
Key responsibilities include but are not limited to:
Internal Audit Strategy and Planning:

• Develop and implement a comprehensive internal audit strategy that aligns with
• Moniepoint’s mission and business objectives.
• Lead the annual audit planning process, ensuring that audit activities focus on areas of
• highest risk and are aligned with organizational goals.
• Regularly review and update the audit plan in response to emerging risks and changes in the business environment.

Audit Execution and Reporting:

• Oversee the execution of audit engagements, ensuring that audits are conducted in accordance with professional standards and best practices.
• Ensure the preparation of accurate, timely, and insightful audit reports that highlight key findings, risks, and recommendations.
• Present audit findings and recommendations to the executive team and the Board Audit
• Committee, fostering a culture of continuous improvement.

Risk Assessment and Management:

• Collaborate with the Chief Risk Officer and the risk management team to identify and assess key risks across the organization.
• Provide independent assurance on the effectiveness of risk management processes and
• internal controls.
• Recommend enhancements to risk management practices to protect Moniepoint’s assets and reputation.

Regulatory Compliance:

• Ensure that the company’s operations are in compliance with all relevant regulatory requirements and industry standards.
• Coordinate with external auditors and regulatory authorities to facilitate inspections and regulatory reviews.
• Monitor changes in regulations and industry trends to ensure the bank’s compliance framework remains current and effective.

Internal Controls and Governance:

• Evaluate the adequacy and effectiveness of internal controls, governance processes, and risk management frameworks.
• Recommend improvements to enhance operational efficiency, reduce risk, and promote effective governance.
• Promote a strong internal control culture throughout the organization.

Strategic Advisory and Leadership:

• Provide strategic advice to the executive team on emerging risks, control issues, and opportunities for improvement.
• Support strategic initiatives by assessing potential risks and advising on risk mitigation strategies.
• Contribute to the development of business strategies and objectives from an audit and risk perspective.

Team Management and Development:

• Design, lead, mentor, and develop the internal audit team, fostering a culture of excellence, accountability, and continuous learning.
• Set clear performance expectations and provide regular feedback to support the professional growth of team members.
• Ensure the audit team remains up-to-date with the latest audit techniques, industry trends, and regulatory developments.

Stakeholder Engagement:

• Build and maintain strong relationships with key stakeholders, including senior management, the Board Audit Committee, and external auditors.
• Communicate effectively with stakeholders to ensure a clear understanding of audit objectives, findings, and recommendations.
• Promote collaboration and information sharing across the organization to enhance the effectiveness of audit activities.