PREPARATION OF NAN LAGOS OFFICE RETURNS.
KEEPING OF MEMORANDUM ACCOUNT.
HANDLING OF LAGOS OFFICE FINANCIAL MATTERS
SPRING CAPITAL MARKETS PLC November 2007 till date.
Position : INTERNAL AUDITOR
Unit : Risk Management / Compliance
CREDIT AND RISK MANAGEMENT
Ensure that conditions of approval necessary for draw down were met.
Ensure safekeeping of all documents.
Ensure that credits are regularly monitored and occasional visit is made to customers.
Ensure that all level of authorities is involved in credit approval in line with organization policy.
Ensure that all credits are duly approved
Ensure that facilities are promptly liquidated at maturity
Ascertain that all post –disbursement covenants are complied with.
Monitoring ledger balances/customers accounts.
Liaising with company registrars and carrying out all routine tasks aimed at re-engineering and reviewing all business process. Such as:
Verification of transfers
Investigation of errors
Ensure daily call –over of posted transactions
Ensure and verification of client payments.
Post both stock and other transactions verified and approved.
Report trade errors to the relevant authority and carry out reconciliation.
Ensure that the cheque collection register is updated daily.
Ensure that unfunded purchase is picked by the exception system report and communicated to management.
Ensure that due process is followed in inter-members transactions
Ensure that marketing activities are documented for effective follow up
Ensure that cost of funds is reasonable and competitive to retain existing
Customers and attract new ones to the benefit of the company
Ensure that marketing efforts are geared toward building customer base within
The target market
HUMAN CAPITAL GROUP
Ensure adequate compliance with staff recruitment policies
Ensure completeness, security and accuracy of staff records
Ensure that staff is duly appraised
Ensure that cash balances are correctly stated
Ensure safety of cash in premises and in transit
Ensure adherence to cash and vault security controls
Confirm availability of dual maintained vault movement register
Ensure that there is vault key register in place
IT DEPT CONTROL
Ensure back –up of database
Ensure all units backup document
Ensure data integrity
Ensure information security by guarantee non-disclosure to unauthorized users
Ensure speedy recovery plan in case of disaster.
To ensure that accounts are properly funded.
Ensure that customer’s signature is verified before executing instruction
Ensure proper instruction, documentation and implementation.
Ensure safety of items in the safe
Ensure adequate recordkeeping for all safe custody transactions
Ensure that deceased customer’s account is not being operated after death except with appropriate authorization
Ensure that laid down procedure for dormant account are adhered to.
Ensure that unauthorized debits are not allowed on the account prior to formal reactivation
Ensure that customer’s instruction is adhered to.
Ensure that customer’s instructions are carried out and signature verified.
Ensure that appropriate income on off-cycle statement is debited to the customers account.
Review fund maturity profile and rollover request
Call for activity report from registrar
Review certificate verification
Verify and check record of bank deposits
Review file on correspondence with registrar and third parties
Review complaints and ensures that they are attended to
Ensure that returned cheques are treated and are safe
Review report on outstanding order for purchases
MONTHLY, QUARTERLY, MID-YEAR AND ANNUAL ACTIVITY
Ensure remittance of statutory fees
Review management report
Ensure remittance of all federal and state taxes
Review credits in customers accounts
Review schedule of loans and advances
Review new client’s files for the period
Check the GL balance with investment schedule and investigate discrepancies
Review exception report on debtors
Ensure that statutory quarterly returns are remitted
Review budget monitoring report
Analyse loan loss provision in line with the CBN prudential guideline