Vacancies: Head of Internal Control, Internal Control / Internal Audit Professionals
The Securities and Exchange Commission (SEC) is the apex regulator of the capital market in Nigeria with a vision to becoming the leading capital market regulator in Africa and Emerging markets. Our mission is to develop and regulate a capital market that is dynamic, fair, transparent and efficient to contribute to the nation’s economic development.
The Commission is now seeking highly motivated and result-oriented professionals to fill the following vacancies;
Position: Head of Internal Control (headic@sec.gov.ng)
- The Head of Internal Control overseas the Budgetary Controls, Financial and Systems Audits Division of the Commission to ensure leading edge accounting and administrative controls and safeguard the Commission’s assets. The role ensures the identification of potential areas of risk management, implement control, governance frameworks, processes and liaise with functional heads to ensure enforcement of the policies across the Commission.
Responsibilities:
- Formulates, direct and co-ordinate the delivery of excellent internal audit services in alignment with the Commission’s corporate strategy and key objectives
- evaluates and provides reasonable assurance that risk management, control and governance systems are functioning as intended and will enable the organisation’s objectives and goals to be met
- Reviews the accuracy of financial records, promote operational efficiency and ensure adherence to policies and procedures.
- Develops an internal control testing methodology and tests the existing internal controls that impacts the Commission’s internal control standards policy
- Reviews and determines the adequacy of the operational system within the Commission and develops a remediation policy for addressing any identified control deficiencies
- Examine procedures in existence to ensure that resources and assets of the Commission are safeguarded
- Coordinates the verification of the Commission’s assets
- Monitors the changes and current trends in internal controls and requirements for regulatory authorities and disseminates current requirements and roles for internal controls to staff
- evaluates information security and associated risk exposures
- Coordinates the review of accounting records to ensure proper records are maintained
- Ensures all expenditure accrued are as provided for in budget, approved by authourised staff and within appeal limits
- Ensure contract price and prices purchased items are reasonable
- Review of financial statements as appropriate and liaise on regular basis with external auditors.
Requirements:
- First degree in Finance, Accounting and relevant professional qualifications (ACA, ANAN & ACCA).
- Possession of advanced degree is an advantage
- Minimum of 20 years experience in internal audit/finance
- 10 years senior management experience
- Leadership and people management skills
- Deep knowledge of financial processes and strong analytical and systems/forensic audit skills.
- operational audit background and track record of managing the finance/audit function of medium to large organizations in the private or public sectors
- Strong IT skills
Position: Internal Control / Internal Audit Professionals (ics@sec.gov.ng)
Responsibilities:
- Provide excellent internal audit services in alignment with the Commission’s corporate strategy and key objectives
- Ensures the maintenance of a centralized inventory system
- Ensures the accuracy of financial records
- Assist in carrying out tests of existing internal controls that impacts the Commission’s internal control standards policy
- Assist in reviewing and determining the adequacy of the operational system within the Commission
- Lead team to verify Commission’s assets as scheduled
- Lead team to review accounting records and ensure proper records are maintained
- Ensure contract price and prices of purchased items are reasonable
- Assist in reviewing financial statements before commencement of external audit.
Requirements:
- Minimum of 10 years internal audit experience
- First degree in Finance, Accounting and relevant professional qualifications (ACA, ANAN, ACCA) Possession of advanced degrees will be an advantage
- Very good knowledge of financial processes and strong analytical and systems/forensic audit skills
- Operational audit background and track record of leading audit teams on assignment in medium to large organizations in the private or public sectors
- Strong IT skills
Application: To apply for any of the positions, please submit the following to the email specified for the relevant position:
- A cover letter stating reasons for seeking employment with the SEC
- A detailed and updated CV indicating your State of Origin, Local Government Area, Names and Contact Details (including e-mail addresses) of Three Referees.
In addition candidates applying for sabbatical positions must submit a four-page write-up stating their areas of interest and relevance to the work of the SEC the capital market and the economy as a whole, objectives and goals to achieve within the sabbatical period.
Deadline: Application closes on 18th December, 2012
