Head of Internal Audit at Fairmoney Microfinance Bank

Job Position: Head of Internal Audit
Location: Lagos

Job  Overview

1. We are looking for Head of Internal Audit to join our team and take responsibility for monitoring and reviewing the effectiveness of FairMoney‘s internal control systems and corporate governance systems with a view to safeguarding the assets of the Company.
2. It will be your responsibility to conduct assigned control reviews, audits, and investigation with a view to providing assurance to the Board and Senior Management that controls are in place, adequate and operating effectively to support the Bank in achieving its goals.

Job Responsibilities

1. Conduct audits of departments/functional areas by timelines
2. Conduct audit testing of potential risk areas and identify reportable issues
3. To conduct any reviews or tasks requested by Management
4. Actively participates in the development of Internal Control/Audit policies
5. Provide practical recommendations to management to minimise risk resulting from poor internal controls
6. Continuous review of policies, processes, and procedures to match up to best practices
7. Ensure that processes and procedures are complied with to avoid operational losses
8. Assure that controls are in place and are effective and adequate, and make recommendations where necessary
9. Conduct monthly reviews of the management account.
10. Track the resolution of all audit/control recommendations and ensure compliance within the agreed timeline.
11. Assist in developing strong Policies and Standard Operating Procedures
12. Ensure Policy/Procedure/Regulatory Compliance on transactions or reports initiated by various process owners
13. Create and improve a homogenous Compliance Culture across all units of the Bank that aligns with the control and business objectives of the Bank
14. Institute and enforce aggressive Revenue Assurance and Cost reduction Strategies/Tactics to ensure zero % income leakages
15. Actively follow up on all open issues in the Internal Audit Report, Management letter, and Regulatory Examiners report on FairMoney.
16. Periodic review of system/product changes to ensure requisite approvals are in place.
17. Log in all exceptions observed in the Control Exception tracker
18. Conduct spot checks, stock take and other functions as may be assigned from time to time
19. Performs miscellaneous job-related duties as assigned by the Board Audit Committee or Management.

job Requirements
Qualifications:

1. Minimum of a Bachelor’s Degree
2. At least 7 years of banking experience in internal audit or similar position
3. Master’s degree in accounting, economics or finance preferred.
4. Professional Accounting Certification (ICAN, ACCA) is preferred.

Skills & Experience:

1. Advanced knowledge of auditing processes/procedures
2. Ability to balance detail with departmental goals/objectives
3. Ability to coordinate and perform multiple tasks/projects simultaneously, balancing priorities and deliverables.
4. Competent interpersonal skills, demonstrating the ability to lead projects and mentor others
5. Ability to evaluate business processes, identify risks and evaluate controls.
6. Advanced investigative and analytical skills
7. Ability to translate business needs and problems into viable and accepted solutions.
8. Ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines.
9. Advanced oral and written communication skills
10. Ability to work independently
11. Organisational and time management skills
12. Ability to share and impart knowledge
13. Good interpersonal relationships
14. Good project management skills.

How to Apply
Interested and qualified candidates should:
Click here to apply online