A Leading oil and gas company with its head quarters in Lagos has vacancies for the following positions:
• Head Internal Audit
• Head Internal Control

1. Head Internal Audit
Core purpose of job:
The Head of Internal Audit is primarily responsible to assist the Board of Directors, by way of the Audit & Risk (A&R) Committee, in the oversight of the management of Corporate Governance practices & Business Risk throughout the company. You will discharge this duty through the review of business & risk management processes, and of controls, and will also look closely at the implementation of business strategy. You will report pertinent findings to the Committee or group in charge on a periodic basis & monitor the effectiveness of internal Assurance processes in providing management and the board with an appropriate level of comfort on the satisfactory operation of the business.
Role Overview:
Internal Audit Department provides an independent, objective assurance and consulting activity designed to add value and improve the company’s operations. The Internal Audit Department provides an independent, objective, identification and understanding of the significant risks and related mitigating controls. The Internal Audit function has to be highly, most senior managers in the Bank and its Board of Directors. The Head of Internal Audit reports directly to the President or chairman of the board or CFO.
Key responsibilities:
• Appraise the Board on the appropriateness & operation of Corporate Governance Practices within the company.
• Provide comfort or advice to the Board on the effectiveness of internal assurance activities within the company.
• Assess the quality & adherence to internal controls established by management.
• Provide an independent view of the quality of management systems and the internal regulatory framework designed to safeguard the interests of all stakeholders and to ensure the long term viability & continuity of the business.
• Report on policies and procedures laid down by management as well as the process of evaluating compliance with such policies & procedures.
• Report on internal control breakdowns and the relevance of the actions taken after such breakdowns.
• Issue periodic audit reports containing specific recommendations with respect to internal control recommendations.
• Assess the quality, adequacy, effectiveness & completeness of business risk controls to ensure that the company’s assets are properly safeguarded, data integrity & confidentiality is maintained & operations are carried out in an efficient manner.
• Periodic audit reports should contain specific recommendations with respect to risk management.
• Assess the adequacy of any other Internal Assurance functions as directed by the CEO/Board of Directors.
• You should report on these functions & include specific recommendations & comments in periodic audit reports.
• Review & report on management’s exercise of their functional responsibility for internal control.
• Plan the internal audit coverage to give maximum assurance to the Board & management about business processes.
• Manage the assignments and quality of output of the Internal Audit team.
• Carry out special investigations (e.g. fraud investigations) as and when he sees fit.
• Review policies, procedures, and new systems if and when needed, prior to their implementation.
• Assist in special projects as directed by the Board and/or Chief Executive Officer.
• Assist line management in the design of effective control mechanisms to facilitate efficient operations and prudent checks and balances.
Ideal person should have:
• Must have a university degree, preferably a Business/Commerce degree e.g. Accounting
• In addition the individual should have a minimum of 10years significant auditing experience (of which at least some should have been in Internal Audit). Must be a CPA, CA or equivalent (i.e. any relevant body) with people management experience.
• A sound understanding of IT audit is highly desirable and a CISA certification would be well regarded.
• Knowledge of the oil and gas industry or experience in a manufacturing company is desirable.
• You shall also have experience or an understanding of the western African business and regulatory environment.
• Must be willing to travel
• Well-developed managerial and leadership skills.
• The ability to communicate and negotiate at all levels.
• Good report writing and presentation skills.
• High level of computer literacy.
• Good initiative and self-motivation, together with an ability to innovate.
• The ability to work to tight deadlines.
• Sensitive to the proper handling of confidential matters.


2. Head Internal Control
Scope of work
Provide appropriate control and risk mgmt information to Treasury traders and management, Monitor and reinforce the control environment within Audit. Ensure no control breakdowns .Provide exposure, relationships (both internal and external) when working within a global organization and Meeting reporting deadlines

Reporting to the Chairman of the Audit Committee or CFO and will play a leading role in the provision of independent, objective appraisal of the effectiveness of the Group’s risk management, control and governance processes. Will be responsible for the conduct of audit assignments, providing independent and objective appraisal of the adequacy of internal systems and controls across key business areas, within the context of the Group’s established Enterprise-Wide Risk Management Programme and governance framework.
The ideal candidate should at least hold one, two of a recognized professional qualification (CIMA, ACA, ACCA, CIPFA, IIA, ICAN e.t.c.) and have prior exposure to a Financial Services environment; Be experienced in an external and internal audit but preferably internal audit, risk management or compliance monitoring capacity, including familiarity and competence with risk based auditing; Possess robust, creative problem solving skills and a disciplined mindset that constantly seeks opportunities to improve performance and to mitigate risk; Have the capacity to balance independence and analytical ability with understanding of the complexities and challenges of the business in its commercial context; Demonstrate strong interpersonal and written / verbal communication skills; •Pursue a structured approach to work
Purpose and Function of Post:

The post holder will be line managed by the Chairperson of the Audit Committee or whoever that is directly in charge. The Head of Internal Audit and Risk Services will provide a written annual assurance to the Chief Financial Officer on the adequacy and application of internal control systems operating within the Company. He/she will also play a major role in developing, implementing and monitoring the application of the Company’s policies on risk management.

Principal Duties and Responsibilities:

1. Develop and implement a comprehensive annual audit programme for the evaluation of management controls, both financial and non-financial, in consultation with the direct head in charge and other Heads of Department.

2. To provide a written annual assurance to the Chief Financial Officer of the Company on the adequacy and application of internal control systems operating throughout the Company, based on the post holder’s professional opinion and the work of the Internal Audit Section in delivering the annual audit programme.

3. Examine the effectiveness of all levels of management in their responsibility for the use of resources to secure value for money, their compliance with established policies and procedures and advise the Audit Committee accordingly.

4. To make recommendations to Heads of Department and Line Management to address weaknesses identified and monitor the extent of implementation and the effectiveness of recommendations made.

5. To provide advice and support to Management on a range of corporate governance issues, including risk management, internal control and quality assurance.


6. To be responsible for the implementation of the Company’s Risk Management Strategy and to carry out reviews of the strategy on a periodic basis.

7. To carry out reviews of the action plans for key corporate and service risks in conjunction with the Senior Management Team on a quarterly basis and report findings to Audit Committee.

8. To ensure that internal audits and advice is provided in an impartial and professional manner and in accordance with all relevant Codes of Practice, Standards, Professional and Technical Guidelines, Recommendations etc.

9. To undertake investigations in specialist areas, including fraud and value for money reviews.

10. Consult and liaise with the Audit Committee, Chief Executive and Heads of Department when formulating audit policy.

11. To prepare and report on the Internal Audit and Risk Services Section annual and strategic objectives, work programmes and budgets etc. for the Finance and Human Resources Department’s Annual Plan.

12. To oversee the management of the Company’s Self-Insurance Programme.

13. To prepare information presentations and reports necessary for Audit Committee, other Council Committees, attend meetings, etc. as required.

14. To manage and develop the staff of the Internal Audit and Risk Services Section in order that they can discharge their duties in an efficient and effective manner.

15. To liaise with the Local Government Auditor on any matters pertaining to the Internal Audit function.

16. To represent the CFO or the head in charge when required, within the post holder’s sphere of responsibility.

17. Any other appropriate duties as shall contribute to the achievement of the purpose and function of the post as identified by CFO or the head in charge.

Qualifications:
• Applicant should possess a bachelor's degree in accounting or related field and professional certification as a public accountant or internal auditor. This Position requires extensive experience in auditing and a thorough understanding of business and accounting practices. Individual should have strong communication skills and the ability to interact with all levels of management and employees.

• Applicant must be a fully qualified accountant by membership of a professional Body affiliated to the Consultative Committee of Accountancy Bodies (CCAB) or a fully qualified member of the Institute of Internal Auditors (MIIA) or any relevant qualification.
• Applicants must have a minimum 10 years’ post qualification experience at a management level in a large organization and some experience in the oil and gas and manufacturing arenas.
• Must be able to clearly demonstrate experience and competence in the following:
 Professional auditing expertise and experience at a senior level in a large organization, making extensive use of computerized systems.
 Experience of audit risk assessment relating to the control framework of a large public sector or commercial organization.
 Management of staff.
 Awareness of risk management strategies.
 Experience in implementation of risk management strategies (Desired)
 Well-developed managerial and leadership skills.
 The ability to communicate and negotiate at all levels.
 Good report writing and presentation skills.
 High level of computer literacy.
 Good initiative and self-motivation, together with an ability to innovate.
 The ability to work to tight deadlines.
 Sensitive to the proper handling of confidential matters.
 Must be willing to travel