Personal Trust Microfinance Bank Limited Recruitment Program 2022/2023 – Personal Trust Microfinance Bank is recruiting candidates suitable to fill the vacant positions in their organization. Interested candidates should kindly follow the descriptions listed below to apply.
Personal Trust Microfinance Bank Limited is a Microfinance Bank in Lagos and a subsidiary of First Ally Capital Limited (FACL). Formerly known as Personal Trust Savings and Loans, the Bank was registered in 1993 and operated as a Mortgage Bank until its conversion to a Microfinance Bank in 2014. Personal Trust has a branch network at strategic locations in Lagos State and provides banking services to individuals, micro, Small and medium enterprises (MSME).
Job Title: Senior Financial Control Officer
Location: Mainland, Lagos
Employment Type: Full-time
Job Description
- The senior financial control officer is responsible for reconciliation and settlements activities and will provide revenue assurance to the bank.
Key Roles
- Ensure daily reconciliation and posting of all of all transactions and provide daily/weekly reconciliation and settlement reports
- Support the E-business team in resolving settlement and reconciliation matters
- Monitor income/fees and ensure value is promptly transferred to the bank
- Verify the incoming and outgoing payment on e-channel accounts
- Reconcile bank statement with entries in the bank ledger on a daily/weekly/monthly basis and present the reconciliation reports
- Prepare daily and weekly report on over/under-settlement of transactions
- Identify, follow up and investigate unreconciled transactions or discrepancies to enable prompt resolutions
- Liaising regularly with various bank account officers on issues relating to direct debits, standing orders, unidentified credits and charges from time to time.
- Monitors the deduction on loan and facilities with various banks and reconciling with terms and conditions of the offer
- Develop and maintain business relations with payment partners
- Liaise with the settlement bank and payment processing companies on potential under-settlement and ensure resolution of issues identified in line with the company’s policies and procedures
- Advise the finance team of possible over-settlement for necessary provisions
- Maintain reconciliation records
- Rendition of monthly returns and processing of associated payments for FIRS, LIRS and PFAs within seven days of deduction
- Sending daily dashboard report to management
- Provide support to other finance team a required
- Support end of day/month and year process
- Flexibility to carry out any other task as requested by Management
Minimum Qualifications
- Candidates must possess a Bachelor’s Degree or HND in Accounting.
- Evidence of completion/ exemption of/from NYSC
- ICAN or ACCA qualification
- 5+ years’ work experience.
- Previous experience in same role in a Microfinance Bank
Competencies
- Experience reconciling accounting figures and financial records
- Great analytical skills for decision making and problem solving
- Strong client relationship management and customer service skills
- Team player with the ability to work with multiple parties
- Advanced computer software skills, including Microsoft excel
- Organization and time management abilities
- Meticulous attention to detail and accuracy
- Ability to multi task and meet tight deadlines.
Job Title: Head, Internal Control
Location: Mainland, Lagos
Employment Type: Full-time
Job Descriptions
- The Head of Internal Control is responsible for the development and implementation of the Internal Control framework of the Bank.
- The job holder will develop policies and procedures and monitor compliance in line with external regulations.
Key Roles
- Developing, reviewing, and implementing compliance policies, programs, and procedures
- Using problem solving and critical thinking skills to quickly identify internal control deficiencies, evaluate their risk implications, and draw the appropriate conclusions
- Developing and executing internal audit activities, consult with management on strategic plans and other business matters, and anticipate emerging risks
- Participating in decision making with senior engagement management, provide meaningful insights, and seek to understand the broader impact of current decisions
- Documenting and testing business process and IT controls that support key financial operations
- Evaluating control deficiencies, and monitoring remediation actions, timelines, and progress
- Maintaining current knowledge of laws, regulations, procedures, and policies governing the Bank
- Lead the setup of the enterprise risk assessment for the bank and developing a risk log
- Take responsibility for the Bank’s annual control work program using the internal control framework within the Bank
- Ensure appropriate level of communication is maintained on Internal Control matters to support the framework and ensure appropriate ownership and accountabilities from management and managers.
- Develop adequate training material on the internal control objectives, approach and methodology.
- Conduct follow-up reviews of financial, operational, or regulatory compliance deficiencies noted during audits.
- Prepares monthly exception reports and presents to the Managing Director
- Ensures capital & revenue expenditure complies with policies and approval limits
- Ensure compliance of loans disbursement to credit policies
- Implements the anti-fraud campaign and assess compliance
- Prepares monthly regulatory renditions and returns
- Flexibility to carry out any other task as requested by Management
Minimum Qualifications
- Candidates must possess must Bachelor’s Degree or HND in Accounting
- ICAN Certified
- Evidence of completion/ exemption of/from NYSC
- Evidence of completion of Microfinance Certification program.
- Minimum of five (5) years’ experience in Internal Control/Audit in a microfinance bank or financial institution.
- Prior managerial experience in similar role or capacity
- In-depth knowledge of internal control framework for the Microfinance Industry.
Competencies
- Strategy planning and implementation
- Organization and time management abilities
- Leadership, team management and mentoring
- Metrics-driven mindset
- Problem solving skills
- Outstanding communication and people skills
- Extensive knowledge of all regulatory policies and procedure
- Risk Management techniques
- Meticulous attention to detail and accuracy
- Ability to multi task and meet tight deadlines
- Proficient in the use of MS Office suit
- Ability to interact with senior management and multiple stakeholders, including regulators.
- Strong communication, negotiation and presentation skills.
- Proficient writing and delivery of presentations and documentation.
- Ability to elicit cooperation from people.
Job Title: Senior Internal Audit Officer
Location: Mainland, Lagos
Employment Type: Full-time
Job Descriptions
- The Head of Internal Audit & Compliance is responsible for the development, management and evaluation of internal control systems in the Bank.
- The Internal auditor develops and implements the annual internal audit program and ensures that the audit objectives are met.
- The job holder provides reasonable assurance on the effectiveness and strength of internal controls.
Key Roles
- Develops an annual risk-based internal audit plan and oversee the implementation of the approved plan
- Ensures methodical documentation of work plans, testing results, conclusions and recommendations and ensures follow up on findings and corrective actions.
- Provide technical assistance with investigations, special audits, and provide subject-matter expertise as needed.
- Remains current on audit regulatory oversight trends and develop a risk-based approach incorporated into the annual audit plan.
- Performs regular bank-wide risk assessment to identify significant risks or exposure related to internal controls or compliance with regulatory requirements, efficiency of operations, and accuracy of financial reporting.
- Provides feedback and recommendations on business risks and improving operational efficiencies and processes where appropriate.
- Directs the work of external auditors to ensure the audit work remains within the prescribed guidelines.
- Coordinates and assist with the preparation of Audit Committee materials and participate in audit committee meetings
- Investigates and report to the Audit Committee on activities reported through the Hotline/Whistleblower processes and assist in investigations.
- Initiates policy and process reviews including ensuring they are up to date with all legislations and best practices
- Using problem solving and critical thinking skills to quickly identify internal control deficiencies, evaluate their risk implications, and draw the appropriate conclusions
- Lead the setup of the enterprise risk assessment for the bank and developing a risk log
- Conduct follow-up reviews of financial, operational, or regulatory compliance deficiencies noted during audits.
- Implements the anti-fraud campaign and assess compliance
- Prepares monthly regulatory renditions and returns
- Flexibility to carry out any other task as requested by Management.
Minimum Qualifications
- Candidates must possess a Bachelor’s Degree or HND in Accounting
- ICAN Certified
- Evidence of completion/ exemption of/from NYSC
- Evidence of completion of Microfinance Certification program.
- Minimum of five (5) years’ experience in Internal Audit in a Microfinance Bank, financial institution or an audit firm.
- Prior managerial experience in similar role or capacity
- In-depth knowledge of internal control framework for the Microfinance Industry.
Application Closing Date
27th April, 2022.
Method of Application
Interested and qualified candidates should send their CV to: recruitment@personaltrustmfb.com using “Senior Internal Audit Officer” as the subject of the mail.
Note: You will be contacted if your application is successful.
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