Head, Internal Audit Job at Wemy Industries Limited

Wemy Industries is one of the foremost indigenous and oldest established manufacturers in Lagos, Nigeria. We specialize in producing baby diapers, feminine sanitary napkins/pads, panty liners, adult diapers, maternity pads, under pads and baby wipes under the umbrella brand names of ‘Dr. Browns’ and ‘Nightingale’

We are recruiting to fill the position below:

Job Position: Head, Internal Audit

Job Location: Lagos
Industry: FMCG

Job Brief

• The Head of Internal Audit will be responsible for the development and implementation of the Internal Control Framework of our company.
• The job holder will develop policies and procedures and monitor compliance in line with external regulations.

Job Responsibilities

• 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
• Documenting and testing business processes 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 Company
• Lead the setup of the enterprise risk assessment for the company and developed a risk log
• Developing and executing internal audit activities, consulting with management on strategic plans and other business matters, and anticipating emerging risks
• Participating in decision making with senior engagement management, providing meaningful insights, and seeking to understand the broader impact of current decisions
• Ensure an appropriate level of communication is maintained on Internal Control matters to support the framework and ensure appropriate ownership and accountabilities from management and managers.
• Ensures capital and revenue expenditure complies with policies and approval limits
• Ensure compliance of loans disbursement to credit policies
• Implements the anti-fraud campaign and assesses compliance
• 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 them to the Managing Director
• Prepares monthly regulatory renditions and returns
• Flexibility to carry out any other task as requested by Management.

Job Requirements

• HND / B.Sc / M.Sc in Accounting, Banking, and finance or a related field
• Minimum of five (5) years of experience in Internal Control/Audit
• Prior managerial experience in a similar role or capacity
• In-depth knowledge of the internal control framework.

Required Skills:

• Strategy planning and implementation
• Organization and time management abilities
• Risk Management techniques
• Proficient in writing and delivery of presentations and documentation.
• Leadership, team management, and mentoring
• Metrics-driven mindset
• Problem-solving skills
• Ability to elicit cooperation from people.