Jobs

Internal Audit Officer at CrusaderSterling Pensions Limited

CrusaderSterling Pensions Limited was incorporated on 12 October, 2004 as a Pension Fund Administrator to administer and manage pension retirement savings contributions of employees in Nigeria in accordance with the Pension Reform Act of 2004. CrusaderSterling Pensions Limited was granted a licence to operate as a pension fund administrator by the National Pension Commission (PENCOM) in accordance with the provisions of the Pension Reform Act of 2004. We are one of the leading Pension Fund Administrators (PFA) in Nigeria.

We are recruiting to fill the position below:

Job Title: Internal Audit Officer

Location: Lagos
Employment Type: Full-time
Department/Unit: Internal Control & Audit
Reports To: Head, Internal Audit

General Description

The Internal Audit Officer is responsible for conducting independent and objective evaluations of an organization's internal controls, risk management processes, and governance practices.
They assess the effectiveness, efficiency, and compliance of internal operations, identify areas of improvement, and provide recommendations to enhance control systems and mitigate risks.
The Internal Audit Officer works closely with management and staff to promote transparency, accountability, and good governance within the organization.

Job Functions
Conduct internal audits:

Plan and execute comprehensive internal audit programs to evaluate the effectiveness of internal controls, risk management processes, and compliance with policies, procedures, and regulations.
Review and analyze financial statements, operational data, and other relevant documentation to assess the reliability and accuracy of information.
Identify areas of potential risk, control deficiencies, and opportunities for improvement.
Perform testing and verification procedures to validate the adequacy of internal controls and compliance with established policies and procedures.

Risk assessment and management:

Assess and prioritize risks within the organization, considering both financial and non-financial aspects.
Develop risk management strategies and provide recommendations to mitigate identified risks.
Monitor risk mitigation activities and evaluate their effectiveness.

Compliance Monitoring:

Ensure compliance with applicable laws, regulations, and internal policies.
Review and assess the organization's adherence to legal and regulatory requirements.
Identify compliance gaps and recommend corrective actions.

Reporting and Communication:

Prepare clear and concise audit reports detailing findings, recommendations, and action plans.
Communicate audit results to management and relevant stakeholders.
Collaborate with management to implement recommendations and monitor progress.

Process Improvement:

Identify opportunities for improving efficiency, effectiveness, and internal controls.
Provide guidance and support to management in implementing process enhancements.
Conduct follow-up audits to assess the implementation and effectiveness of recommended improvements.

Professional Development and Knowledge Sharing:

Stay up-to-date with industry best practices, regulations, and emerging trends in internal auditing.
Participate in training programs, seminars, and professional networks to enhance skills and knowledge.
Share knowledge and expertise with colleagues and contribute to the continuous improvement of the internal audit function.

Key Performance Indicators / Measurement Criteria