Head, Internal Audit & Risk Management

About this role

The role is for a seasoned insurance professional to lead the Internal Audit and Risk Management functions in a Lagos-based company. The position requires providing independent assurance over governance, risk management, internal controls, and regulatory compliance, while supporting management and the board. The employer, Elite Talent Placements, focuses on corporate training and talent acquisition, connecting organisations with industry experts. The job involves developing risk-based audit plans, implementing ERM, and liaising with regulators and external parties. It targets individuals with extensive insurance industry experience and strong governance and risk management capabilities.

What you would do

• Develop and execute a risk-based internal audit plan across underwriting, claims, actuarial, investments, finance, IT, agency and regulatory compliance.
• Lead the implementation and ongoing enhancement of the Enterprise Risk Management framework.
• Assess governance, internal controls, risk management and compliance effectiveness.
• Coordinate enterprise-wide risk identification, assessment, monitoring and reporting.
• Investigate fraud, control breaches and operational irregularities; propose corrective actions.
• Ensure compliance with NAICOM regulations, governance requirements and internal policies.
• Prepare and present audit and risk reports to Executive Management and the Board Audit & Risk Committee.
• Liaise with regulators, external auditors and other key stakeholders.
• Promote a risk-aware and control-conscious culture across the organisation.

What they are asking for

• Bachelor’s degree in Accounting, Finance, Insurance, Economics, Business Administration or related field.
• MBA or relevant postgraduate qualification is advantageous.
• Minimum 12 years’ relevant experience, including at least 5 years in a senior management role in Internal Audit, Risk Management, Compliance or Internal Control.
• Professional certifications such as ACA, ACCA, CIA, CISA, CFE, ACIIN/FCIIN, CRMP or equivalent.
• Strong knowledge of governance, ERM, internal audit, regulatory compliance, internal controls and fraud risk management.
• Mandatory insurance industry experience with exposure to Life and General Insurance operations (various classes listed).
• Key competencies in strategic thinking, leadership, analytics, reporting, stakeholder management and ethics.

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