Internal Control Officer at Fairmoney Microfinance Bank

FairMoney is building the leading mobile bank for emerging markets. We started with a digital microcredit application on Android, and currently roll out additional financial services (current account, savings, debit card) while expanding the product to Western Africa and South-East Asia.

We are recruiting to fill the position below:

Job Title: Internal Control Officer

Location: Lagos
Job type: Full time

About This Role

• As an Internal Control Officer, you will play a pivotal role in safeguarding the organization's assets, ensuring compliance with internal policies, and mitigating risks.
• Your responsibilities will include performing routine checks, validating documentation, and identifying potential risks or control weaknesses.
• Working closely with the Head of Internal Audit and Control, you will contribute to the continuous improvement of processes and ensure adherence to regulatory and operational standards.

Key Responsibilities

• Perform routine checks on business processes, transactions, and activities to ensure adherence to internal controls.
• Review and validate documentation to ensure accuracy and completeness of records.
• Identify red flags and control weaknesses in business processes that could lead to fraud or operational risks.
• Conduct investigations into suspected irregularities and report findings to the Head of Internal Audit and Control.
• Proactively identify control deficiencies and recommend practical solutions to enhance processes.
• Collaborate with business units to ensure the implementation of corrective actions to address control gaps.
• Support the periodic review and update of company policies and procedures to reflect regulatory changes or business developments.
• Conduct pre- and post-payment reviews of financial transactions, particularly those related to bonuses and vendor payments.
• Work closely with the Head of Internal Audit and Control to monitor whistleblowing channels and ensure proper documentation and investigation of reported cases.
• Carry out any additional tasks or responsibilities as assigned by the Head of Internal Audit and Control.

Requirements

• 3 - 5 years of experience in internal control, preferably in the financial services sector.
• Bachelor's Degree in Accounting, Finance, or a related numerate Discipline.
• ACA or ACCA certification preferred; candidates significantly advanced in obtaining the certification will also be considered.
• Familiarity with internal control frameworks such as COSO.
• Demonstrated ability to design and assess control mechanisms for risk mitigation.
• Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint).
• Strong ability to detect discrepancies and irregularities in processes and transactions.
• Excellent analytical skills.
• Excellent critical thinking and decision-making skills to effectively address control weaknesses.
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Benefits

• Private Health Insurance
• Pension Plan
• Paid Time Off
• Hybrid work
• Training & Development programs.

Application Closing Date
Not Specified.