Duties & Responsibilities
Leads and manages the activities of staff in the Control Techniques and Standards unit
Develop and maintain internal control framework, policies, and procedures in line with COSO and other applicable standards
Coordinate stakeholder engagement for evaluation and discussion of service and business impact of control enhancements
Articulate and document business requirements for development efforts on automation initiatives and logical controls for approval by GH, ICEG
Supervise the implementation of control improvement measures and ensure minimal business disruption
Plan and coordinate change management efforts for control enhancements
Communicate process changes and control enhancement to stakeholders within the bank and subsidiaries
Initiate and coordinate periodic SOP review and update activities to ensure documentation of all process controls in the bank and subsidiaries’ systems, processes and products
Coordinate and oversee the development of control review programmes and templates for use by all control officers in their review and monitoring activities
Oversee the development of integrated control review programmes, testing models, report templates, and other work programmes and templates for standardisation of test procedures, documentation of test results, scoring of control environment, and tracking of control exceptions, and approve same for deployment
Create assurance methodology for Risk & Control Self-Assessment results, and other results of control reviews to determine proper execution, timeliness and quality
Design and review of Control Compliance Index as control effectiveness indicator and recommend remediation steps for consistently poor control scores
Create, plan and coordinate the conduct of control awareness programmes for Control Officers to ensure standardization of control and monitoring activities and reduce knowledge gap among control officers in different teams
Create, plan and coordinate the conduct of control awareness programmes for all bank and subsidiaries’ staff and processors to improve control consciousness
Provide quality assurance for all Internal Control Reports to Management and Board and obtain the GH, ICEG’s approval for final positions
Review and recommend product papers for approval after ensuring adequate control are instituted in the bank and subsidiaries’ various products and processes
Oversee periodic risk rating of branches, Head Office departments, strategic resource functions and the bank’s processes to ensure adequacy of control reviews, visitation, and resource allocation.
Ensure communication to stakeholders affected by internal control changes
Ensure periodic risk assessment exercise is carried out for all departments and functions and ensure the maintenance of risk and control library and risk register in conjunction with Operational Risk department
Develop and maintain a control work programme with comprehensive coverage of all critical processes, products and functions by control reviews in the bank and subsidiaries
Supervise and ensure implementation of the Internal Control Framework and Fraud Risk Management Framework in the bank and subsidiaries.
Ensure compliance of controls and control processes to COSO standards and leading industry practices
Coordinate and oversee control research activities for new controls and monitoring activities
Oversee peer reviews and best practice benchmarking on bank wide controls based on documented adequate periodic research
Coordinate research activities and propose control enhancements for existing controls and control monitoring activities.
Initiate and propose control removals, introduction and enhancement measures as necessary with the approval of GH, ICEG, process owners and other stakeholders within the bank
Track, coordinate and report all internal control initiatives to management and Board
Supervise the operations of the Internal Control Helpdesk and ensure timely resolution of service request.
Monitor to ensure uniform standard on independent controls and control documentation across subsidiaries and FBN plc.
Determine review and visitation frequencies based on functional risk assessment and plan annual control visitation in the bank and subsidiaries
Manage the preparation and consolidation of all reports on control lapses and breaches, control enhancements and status of initiatives, as well as the condition of the control environment in the bank and subsidiaries and present same to heads of business units, management and Board
Support the GH, ICEG in the risk-based assignment of control officers to oversight areas
Review and approve internal control disclosures for submission as part of the bank’s annual report
Prepare management control awareness materials for use in strategic engagements
Maintain the Security of all Information entrusted to staff
Comply with the principles and policies in the Information Security Handbook
Provide strategic support for all control initiatives to ensure timely and effective implementation
Oversee and coordinate the development and tracking of measurement indices for use in control scorecards
Oversee the collation and reporting of control compliance index for each organizational unit and ensure submission to BPM for scorecard impact
Lead and coordinate engagement with Business Performance Management on resolution of scorecard disputes involving control officers

Job Requirements
Education:
Minimum Education: First Degree preferably in a numerate discipline; higher degrees / MBA / professional certifications.
Experience:
Minimum experience: 12-15 years in any of internal control, risk management, financial control and internal audit in related industries with experience in usage of controls repository database. Sarbanes Oxley knowledge (added advantage).

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