Conduct periodic audits and operational reviews across Finance, Operations, Credit, Marketing, Risk Management, Human Resources, Administration, and other departments.
Verify that transactions are properly initiated, reviewed, approved, documented, and processed within delegated authority limits.
Review loan applications, approvals, disbursements, repayments, restructurings, reversals, interest calculations, and other adjustments to ensure accuracy and compliance with approved terms.
Confirm that loan disbursements are made only after the required approvals and to authorized beneficiaries and bank accounts.
Review bank reconciliations, general ledger postings, account balances, Core Banking Application records, investment transactions, borrowings, payments, vendor transactions, expenses, procurement records, and supporting documentation.
Investigate discrepancies, unusual transactions, suspense balances, unresolved reconciling items, unauthorized payments, duplicate transactions, incorrect postings, and deviations from approved procedures.
Monitor compliance with CBN requirements, applicable laws, regulatory directives, KYC requirements, anti-money laundering and counter-terrorist financing controls, and other compliance obligations.
Evaluate internal controls, segregation of duties, user access rights, transaction limits, system controls, and adherence to approved procedures.
Identify operational, financial, compliance, and fraud risks and recommend practical mitigation measures.
Investigate suspected fraud, financial irregularities, policy violations, and control breaches while maintaining confidentiality, objectivity, and proper documentation.
Prepare evidence-based audit reports highlighting findings, risks, control weaknesses, and corrective recommendations.
Maintain an audit issues register, follow up on agreed actions, verify implementation, and escalate overdue or high-risk issues.
Support external audits, regulatory examinations, and other independent reviews.
Review and recommend improvements to policies, procedures, standard operating procedures, and control frameworks.
Promote accountability, transparency, compliance, and continuous improvement while providing control guidance without assuming responsibility for operational activities .