First Bank of Nigeria is seeking applications to fill the vacant position of Resident Control Officer who must work independently of clusters to design and execute control review operations, as well as maintain assurance oversight of branches within their jurisdiction.
To learn more about the requirements, qualifications, and how to apply for the position of Resident Control Officer South East at First Bank of Nigeria, kindly read on!
Also see: First Bank Past Questions and Answers (Free PDF Download)
Summary of Resident Control Officer South East at First Bank of Nigeria
| Company | First Bank of Nigeria |
| Category | Job |
| Employment Type | Full time |
| Location | Samuel Asabia House, Lagos, Lagos, Ng |
| Posting Date | 12/29/2024, 09:34 AM |
| Deadline | 01/06/2025, 09:33 AM |
About First Bank of Nigeria
The name was officially changed to First Bank of Nigeria Limited in 1979 to reflect the bank’s ownership and wider relevance to Nigeria’s growing economy.
Since then, it has positioned itself as a leader in customer service and financial innovation, serving millions of customers and businesses across all regions of Nigeria and beyond.
By 2024, First Bank Group had 700 commercial centers across the continent with further stationed banking offices in over 820 business outlets in Africa, Nigeria to be particular. Read More Details
Job Description
- RCOs must work independently of clusters to design and execute control review operations, as well as maintain assurance oversight of branches within their jurisdiction.
- They must roam about their designated branches on a regular basis to conduct in-depth reviews. RCOs report functionally to Cluster Control Managers (CCM) to streamline the reporting structure; nonetheless, they remain accountable for the following functions:
Duties & Responsibilities
- Maintain control and monitoring over allocated high risk branches.
- Use the existing branch control review template (as minimum control tests) to thoroughly review branch processes and procedures.
- Use daily IT Control reports to evaluate transactions in high-risk branches and conduct periodic loan performance and collateral evaluations.
- Follow up and follow discovered exceptions to ensure fast resolution.
- Improve control awareness among First Bank employees through close monitoring and training.
- Improve processors’ understanding of bank policies, processes, products, and controls through training sessions.
- Encourage self-reporting for errors, control breaches, and fraud in branches.
- Promptly investigate and resolve customer control problems.
- Ensure rigorous adherence to internal control and enhancement plans and programs.
- Investigate fraud, strange incidents, and other bank-required actions, reporting results to the Cluster Control Manager. Conduct an expanded periodic on-the-spot review of branch activity and report the findings to the Cluster Control Manager.
- Perform daily IT Control Report, credit, and other reviews as ordered by the Head of Control Techniques and Standards as part of the Internal Control and Enhancement review program.
- Provide timely month-end and work-related reports.
- Document all policy/procedural breaches detected.
- During control review efforts in the designated high-risk regions
- Ensure that any internal control, regulatory, and internal audit exceptions observed and raised during control/audit operations are promptly closed, and that unclosed exceptions are tracked.
- Report unclosed exceptions to the business operational risk structure, line reporting channels, or Business Executive for further action.
- Implement process enhancements and control strategies in allocated high-risk branches.
- Review IT Control Reports regularly and escalate any exceptions to Cluster Control Managers, UORM/BORM, and Line Executives.
- Communicate process gaps to Head, Control Techniques, and Standards for stakeholder involvement and enhancement as needed.
- Provide on-the-job training for Branch Operators in high-risk branches, as well as control advisory and decision support for Branch Managers and Team.
- As part of the Bank’s Information Security standards, ensure the security of all information entrusted to staff and conform with the concepts and policies in the Information Security Handbook.
- Follow the Bank’s Operational Risk Management Framework by identifying, assessing, and reporting new risks, issues, and incidents in high-risk branches. Report to UORM/BORM/Process Owner/Line Executive for resolution and tracking.
Job Requirements
Education
- Minimum Education: First Degree preferably in a numerate discipline; higher degrees /MBA/ Possession of professional certification in accounting, Banking or related discipline.
Experience
- Minimum experience – 5 years in Internal Control /Audit Function
How to Apply for Resident Control Officer South East at First Bank of Nigeria
All eligible and interested candidates are to click the apply now button to start their application on the First bank job portal.
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