Head, IT Audit

Reports to: Group Head, Internal Audit

Supervises: Team Member, IT Audit

Division: Enterprise Resource Division

Group: Internal Audit

Reports to: Group Head, Internal Audit

Supervises: Team Member, IT Audit

Division: Enterprise Resource Division

Group: Internal Audit

• To ensure that the bank’s IT department implement COBIT (Control Objectives for IT) as instituted by worldwide IT governance institutions (ISACA, ITGI).
  

• To ensure all applications are adequately controlled to reduce e-frauds to minimal level
  

• Adoption of a risk-based audit approach in line with globally-accepted best practices
  

• Ensuring that all Products/Applications are reviewed at least once in a year.
  

• Engagement of Akintola Williams Deloitte (AWD) as co-auditors both in the country and subsidiaries.
  

• Institution of adequate system controls to mitigate against possible losses.
  

• To structure job function to enable reporting on the various aspects of IT infrastructure- monthly, quarterly, semi-annually and annually.
  

• Using an Audit log to track all audit exceptions and recommendations to ensure timely implementation/resolution.
  

• Effective management of Unit staff to achieve Unit’s strategic goals.
  

• Quarterly audit of Information Technology (IT) department to ascertain they are adequately complying to the approved policies and procedures.
  

• Periodic audit/visitation to sampled A arrangement in place, availability and functionality of cameras, availability of power backup (UPS and/or Inverter).
  

• Annual audit of highly automated Head Office departments for the bank asset safety, operational efficiency, and quality assurance.
  

• Yearly audit of existing processes to ascertain extent of compliance and any vulnerability, if any.
  

• Data Base Administrator (DBA) Activities reviews and monitoring.
  

• Periodic check of activities of users on the bank’s Database: Application servers, Test servers, etc.
  

• Dbase, (Oracle & SQL) Audit Database Operations Audit (EOD, BOD, EOY, EOM, EOQ, etc.).
  

• Physical and Environmental Controls.
  

• Business Continuity/Disaster Recovery Plan maintenance and monitoring.
  

• Backup adequacy and reliability Testing. Bi-yearly testing of Backed up Tapes to ensure recovery when the need arises . Bi-yearly audit of Hardware Inventory.
  

• Process review of Interest and Charges computation through review of parameter setup
  

• Actively responsible for in-depth investigation of frauds and irregularities on Flexcube and Oracle database.
  

• Follow up with IT on Audit Reports from Head Office Departments, CBN, and NDIC to ensure timely resolution of observed lapses.
  

• Advise management from time to time on the security implications of emerging issues/developments in Information Technology.
  

• Perform other duties as assigned by the Group Head, Internal Audit.
  

Key Performance Indicators

Skills / Competence Requirements

Required Knowledge, Skills and Abilities

• Audit & Investigation
  

• Financial and operational audit of organizations
  

• Financial/Banking Industry Knowledge
  

• Financial Accounting
  

• Accounting Standards
  

• Policy Development
  

• Financial Reporting
  

• Analytical / Problem solving skills
  

Supervisory Skills

• Leadership / Supervisory
  

• Team building / conflict management
  

• Organization & coordination
  

• General managerial / administration
  

Generic Skills

• Strategic Focus
  

• Integrity and Discretion
  

• Initiative/ Proactive
  

• Entrepreneurship
  

• Analytical skills / Problem solving
  

• Resilience, Tenacity and Integrity
  

• Interpersonal skills
  

• Communication (oral & written)
  

Professional Requirements

Qualification

• A First Degree Plus ACA or Equivalent
  

• Other additional qualification will be an added advantage
  

Minimum Experience

• A minimum of 8 years experience in an audit function in the Banking /Audit firm/ financial institution