Expires 1 week from now
Internal Control
Internal Control and Audit
full-time
Lagos
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Job Summary
• To carry out an independent appraisal of the effectiveness of the policies, procedures and standards by which Meristem's financial, physical and information resources are managed • To ensure strict adherence to internal and external policies, controls and procedures and maintenance of quality service delivery within the company.
Job Details
Meristem Securities Ltd
- Design, implement and continuously review internal control and audit procedures
- Review Daily Trade Postings and matching same with CSCS Trade Details and ensuring correct posting of the CSCS/In-house Net Trades into MERISTEM Trading Account.
- Regular review of Audit Trail of Reversals, Transfers and Payment of funds
- Perform Monthly and Quarterly review of Statutory Reports to CSCS, SEC and NSE
- Perform rendition of weekly/monthly returns to EFCC on Anti-Money Laundering
- Periodic review of General Ledgers (Cash Advance & Petty Cash inclusive), Trial Balance and other Final Accounts
- Continually communicate key organizational controls, policies, approval limits within the company
- Document Exceptions arising from Internal Control Investigations and make recommendations to the Management for review and approval.
- Conduct thorough and objective examination of financial transactions records
- Prepare and present Internal Control reports identifying weaknesses and suggesting new procedures, controls and policies
- Assist external auditors (acting as intermediary between External Auditors and Accounts Dept) during external audits to meet their requirements and to resolve any issues identified
- Periodically monitor process execution in operational areas from start to finish
- Liaison with Risk Management Committee to develop risk management strategies to mitigate identified risks in the organization.
- Ensure daily & weekly backup of data with copies sent to the offsite location and Montgomery storage vaults.
- Weekly review of Bank reconciliation & Statements
- Document Exceptions arising from Internal Control Investigations and make recommendations to the Management for review and approval.
- Take inventory of fixed assets and ensure regular update of the asset register
- Monitor quality of internal and external procurement processes for the company
- Conduct thorough and objective examination of financial transactions records
- Prepare and present Internal Control reports identifying weaknesses and suggesting new procedures, controls and policies
- Perform other duties as may be assigned from time to time
- Generation of Weekly Internal Control Report to the MD/CEO
- Any other assignment as may be assigned by your supervisor
Requirements
- Bachelor’s Degree or its equivalent.
- A good first degree in any management science/social science related discipline preferably in accounting. Finance, Business Administration & Economics
- Professional qualification e.g. ACA, ACCA, ACIB, CISA or MBA will be an added advantage.
- Experience with a similar position in the banking sector/financial services sector.
About Company
Meristem Securities Limited
https://meristemng.com/
<p>We are a capital market conglomerate, that provides a plethora of distinct financial services through a range of products in wealth management, stockbroking, financial advisory, trusteeship, registrars and probate management services. With these offerings we have continued to fulfill our promise of wealth creation, preservation and transfer for all clients.</p>