Senior Internal Auditor at ARM Pension Managers (PFA) Limited

Job Expired

 Senior Internal Auditor

Location: Lagos
Employment Type: Full Time
Department: Internal Audit


  • The Senior Internal Auditor will ensure the effectiveness and efficiency of the company’s operations and the integrity of information by serving as a watchdog, assurance provider, consultant, or whistleblower over its operations and activities.


  • This function supports the Head of Internal Audit dept. in discharging the following tasks or performing the following activities:
  • Assisting the Head of Internal Audit in conducting risk-based audit for all departments and units based on approved Internal Audit Plan by the board audit committee (BAC).
  • Developing the company’s Internal Audit Framework including policies and procedures in line with local and international best practice standards.
  • Participating actively in the design and integration of control frameworks into the company’s business processes and systems.
  • Conducting periodic checks to test the effectiveness of the company’s internal control mechanisms and reporting observed weaknesses.
  • Conducting investigations/forensic analyses into suspected procedural breaches and fraudulent practices across the company and determine/recommend the appropriate line of action to the chief executive officer (CEO) and (BAC) in response to findings.
  • Reviewing and monitoring, periodically, test keys, codes, list of authorized signatories, approval limits, and other security devices to prevent fraudulent practices and security breaches.
  • Triggering the execution of spot checks on transactions and activities as well as performing hot reviews of the dept.’s staff activity.
  • Highlighting and flagging duplications, revenue leakages, and weaknesses across the company.
  • Advising and providing opinion to management and board on good governance and best practices in internal control.
  • Staying abreast of industry trends, events, issues and developments to assist/enable the development and implementation of appropriate control measures, monitoring mechanism as well as their continuous update/revision.
  • Ensuring compliance with adopted corporate governance practice and approved operational policies and procedures.
  • Co-coordinating depts.’ activities to ensure timely implementation of audit/review points raised by external auditors for all funds under management and company accounts.
  • Continuously reviewing depts.’ activities and making recommendations for improvement to the business.
  • Preparing and submitting periodic activity/management reports to the CEO and BAC on the activities of the dept.
  • Serving on committees or cross-functional teams and performing other duties as assigned by the CEO, or BAC.


  • Conducting reviews of the activities of the various depts. and units in the organization.
  • Reviewing periodically, reconciliation statements and proofs (stocks, bonds, cash advance, bank accounts (funds and company’s), benefits’/retirees’ payments, etc.), and monitoring of resolution of non-reconciling items.
  • Reviewing the organization’s general ledger and associated transactions.
  • Monitoring of exception(s) on Portfolio Valuation Reports.
  • Reviewing deposits’ maturities on periodic basis.
  • Reviewing statutory and non-statutory (agreed) rates on applications on periodic basis.
  • Reviewing access rights, activity or systems’ logs, Antivirus and Anti-Spyware compliance, and parameter settings (network and applications).
  • Reviewing corporate action events’ (bonuses and dividends) declaration and capture.
  • Exception monitoring, reporting and administration (i.e., contribution schedules, bank account, Admin. Fee review, etc.).
  • Conducting branch and office location inspection on periodic basis.
  • Conduction annual ISO 27001:2013 internal audit reviews in preparation for surveillance audit and re-certification audit by External Auditors.
  • Reviewing Unprocessed Monies Proof and benefits payment reconciliation statement on monthly basis.
  • Conducting associated third-party reviews (custodian(s) and Montgomery Vault) on periodic basis.
  • Implementation status reviews and communication with related parties on audit findings and queries to resolve issues.
  • Monthly RSA Funds’ Admin. Fee and Management Fee Review. This includes scoping, report generation and review of shortfall and refunds (states and inter fund).
  • Callover of postings into the application against supporting documents.
  • Reviewing and responding to external auditors’ confirmations.
  • Updating of management and BAC reports.
  • Monitoring and reporting on test restore exercise based on the company’s disaster recovery plan.
  • Ensuring controls exist to monitor compliance with regulatory requirements.
  • Ensuring strict compliance with the firm’s policies, etc.
  • Ensuring strict compliance with the organization’s Standard Operating Procedure and manuals, etc.
  • Ensuring that working papers are comprehensively drawn, duly referenced and properly filed.
  • Any other functions as assigned by the head of department.


  • Bachelor’s Degree in any discipline with a minimum of Second Class (Hons.) Upper Division. MBA would be an advantage.
  • ACA, ACCA, CISA (Any, or a combination of these).
  • Five years of relevant experience (post qualification).
  • Good knowledge of the local and global financial service industry dynamics including regulations, legislations and operating environment.
  • Ability to think strategically and holistically and to appreciate the systemic impact of various policies, issues, and solutions.
  • Experience in building professional business relationships and dealing at a senior level appropriate for a leader of a critical function.
  • Excellent working knowledge of Internationally accepted accounting and audit standards and procedures.
  • Test and sampling methods involved in conducting audits.
  • Risk management methodologies.
  • Corporate governance procedures.
  • Process engineering.
  • Strong problem solving and analytical abilities.
  • Expert knowledge of fraud behavior and detection methodologies
  • Demonstrated superior understanding of non-banking financial service operations, policies, and procedures.
  • Strong problem-solving and analytical abilities.
  • High integrity level and excellent decision-making ability.
  • Exceptional attention to detail.
  • Good leadership, coaching, mentoring, and supervision skills.
  • Excellent communication, interpersonal, presentation, and facilitation skills.
  • Self-motivated with a strong drive, and commitment to achieving agreed objectives.

Application Deadline
3rd March, 2023.

Method of Application

Interested and qualified candidates should:
Click here to apply online

More Information

  • This job has expired!
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