Head of Internal Audit at Fosad Consulting

Fosad Consulting, LLC. is a professional services firm established to provide quality consulting services to desiring clients, whose primary objective is to focus their management and technical resources on their core competence.

We are recruiting to fill the position below:

Job Title: Head of Internal Audit

Location: Lagos
Employment Type: Full-time

Job Responsibilities

• Working with the Nigeria Country Manager and the GCIA to lead the Nigeria internal audit function and set Nigeria’s audit coverage strategy.
• Lead the internal audit relationship with the CBN.
• Plan and execute the day-to-day activities of audit engagements.
• Manage and lead entire audit assignment process, including detailed planning of audit assignments, audit testing, and reporting in accordance with Internal Audit methodology.
• Ensure that audit assignments are focused on key risk areas and are performed efficiently and within the established deadlines.
• Utilize smart audit technology and methodologies and demonstrate the NI’s values and behaviors when completing work and documenting conclusions.
• Evaluate the design and effectiveness of controls throughout processes.
• Prepare audit reports and working papers to ensure that adequate documentation exists to support the completed audit reports and conclusions to senior management.
• Obtain necessary approvals of final reports before issue.
• Hold audit-related meetings with Management.
• Follow up and feedback on audit findings to ensure that management has taken corrective action.
• Provide Management with advice and support.
• Key contact point with senior business stakeholders.
• Complete detailed business risk assessment and business planning as per IA methodology
• Prepare and present written and oral reports such as Nigeria BARC / Exco reports in a pertinent, concise, and accurate manner for distribution to management.
• Maintain currency of knowledge with respect to relevant state-of-the-art technology, equipment, and/or systems.
• Perform ad hoc projects as requested.

Job Qualifications

• Track record of successfully leading the internal audit relationship with the CBN.
• Strong working knowledge of Nigerian regulation applicable to NI.
• Strong stakeholder (Board and exco) relationship skills.
• ACA, ACCA, IIA, or CISA qualified.
• Three plus years of internal audit experience, preferably in fintech, payments industry and/or retail banking sectors.
• Strong understanding of internal controls and sound knowledge of business practices, risks, and business process improvements.
• Strong written and verbal communication skills including a demonstrated ability to clearly provide written reports that accurately and summarize issues and present solutions.
• Strong independent mindset and the ability to work under pressure in a fast paced, rapidly changing environment.
• Must be highly motivated and proactive, keen to take full ownership of their area of responsibility and focus on delivering results.

Application Closing Date
18th February, 2024.