Stanbic IBTC Bank recruitment for Internal Control Officers, March 2015

Stanbic IBTC Bank is a leading African banking group focused on emerging markets globally. It has been a mainstay of South Africa's financial system for 150 years, and now spans 16 countries across the African continent.


Work with Standard Bank and join a dynamic team of professionals proud to be voted the Best Bank in Africa for three years running. Our core values of service and innovation are at the heart of our business, and our global workforce benefits from our unique culture of empowerment and independence, enabling us to maintain competitive advantage in the world's premier financial markets

We are recruiting to fill the position below:

Job Title: Internal Control Officer

Job ID: 12808
Location: Kano and Kaduna
Division Group: Operations
Position Category Group: Operations Control
Employment Type: Full Time - Permanent

Position Description

• Build a strong compliance environment to ensure zero level of policy, procedures and regulatory infractions.
• Ensure prompt and effective call over of branch transactions.
• Build strong awareness in branch staff on all policy and procedures issues; zero tolerance for open GL Items, unreviewed transactions and income leakages

• Call over of Transactions as per the approved threshold.
• Review of expense and cash advances and ensure conformity with laid-down policies.
• Carrying out security sweep at least once in a month.
• Daily review of accounts closure and transfers.
• Ensure complete and accurate recognition of all fees and charges on every relevant account.
• Review of Fixed Asset Register
• Review of Finacle users' profile
• Review KYC compliance.
• Carrying out spot checks and review of activities in the branches under coverage, cash count and vault administration, funds transfer, Clearing processes and returned cheques, etc, ensuring adherence to policies and procedures
• Review of system exception override message report.
• Review of GL/P&L Movement Report.
• Conduct Seriality checks /test on Managers Cheque/Bank draft in the branches under coverage.
• Review of Suspense/Transit/Proxy Accounts.

• Control Adequacy rating from Internal Audit.
• Promptness and effectiveness of call over of transactions.
• Integrity of the GL accounts in the Business offices of the region.
• Promptness, Accuracy and Validity of Exception Reporting/Rendition of all Control Activity Reports
• Effectiveness at follow up to ensure that Internal Audit recommendations are implemented
• Quantum of undetected regulatory/statutory infractions from External Auditor and Regulators reports.
• Quality and Timeliness of losses and loss events reporting in processing areas
• Undetected Income leakage/P&L reversal arising from undetected processing errors

• Must possess a minimum of second class lower in a numerate 1st Degree and professional qualifications in Accountancy or Audit

• Work experience of between 4 and 6 years in banking operations

• The need to maintain a wide network with key stakeholders in the Bank such as Operational Risk, Risk Assurance, Group Internal Audit, and other appropriate divisions and associate companies to ensure operational effectiveness and enhanced customer service.

• Report writing/Investigation skill
• Banking operations experience
• Interpretation of ML (P) Act 2004 & CBN KYC Manual 2003
• Ability to use Finacle, Microsoft packages & AML Software

• Excellent interpersonal skills
• Attention to details