Assistant Manager, Audit and Compliance at Electronic Payplus Limited

Electronic Payplus Limited is a smartcard manufacturing company committed to delivering innovative solutions and exceptional service to our customers.

We are recruiting to fill the position below:

Job Title: Assistant Manager, Audit and Compliance 

Location: Ibeju Lekki, Lagos
Employment Type: Full-time

Job Overview

• As the Assistant Manager in the Internal Audit department you will play a key role in assisting the Internal Audit Manager in overseeing and executing audit functions, and ensuring compliance with regulatory requirements, company policies, and industry standards. 
• This position is critical for identifying risks, improving internal controls, and driving operational efficiency within the payment card manufacturing company.
• The ideal candidate will have a strong background in auditing, risk management, and compliance, particularly within the manufacturing and financial services industries. They must demonstrate excellent analytical, communication, and leadership skills.

Responsibilities

• Assist in the development and implementation of a comprehensive audit plan based on risk assessments and business objectives.
• Conduct monthly & quarterly Companywide internal audits across various departments to evaluate the effectiveness of internal controls, processes, and compliance.
• Prepare detailed audit reports with observations, recommendations, and action plans to address identified issues.
• Follow up on audit findings to ensure corrective actions have been implemented effectively.
• Conduct monthly review of the Management Account
• Conduct monthly reviews of the key material used in Production.
• Conduct asset verification exercises for the company twice each year.
• Review user access to the across the IT infrastructure.
• Participate in risk assessment processes to identify key risks to the organization and areas of potential improvement.
• Monthly review of statutory remittances (VAT, WHT, PENSION, PAYE) to ensure adequate returns are made promptly.
• 1o conduct Monthly stock count of cards in the vault.
• Monitor and evaluate the effectiveness of risk management strategies.
• Recommend actions to mitigate identified risks, including financial, operational, and regulatory risks.
• Ensure the company complies with local and international regulations and standards, particularly with regard to the manufacturing and distribution of payment cards.
• Assist in the review and development of company policies and procedures to ensure regulatory compliance.
• Stay up to date with changes in industry regulations, including those affecting payment cards, data security, and financial services.
• Conduct audits related to data security and ensure the protection of sensitive cardholder information.
• Collaborate with the IT and security departments to identify and assess cyber risks.
• Investigate and report any incidents of fraud or unethical behaviour, and work with relevant departments to implement preventive measures.
• Assist the HOD in managing and mentoring junior audit staff.
• Provide training and support to staff on internal audit processes and best practices.
• Ensure that the audit team is up-to-date with industry trends, audit techniques, and regulatory changes.
• Serve as the point of contact for external auditors during annual audits or special projects.
• Ensure timely and accurate submission of requested documents and information.
• Collaborate with external auditors to address audit issues and implement recommendations.
• Prepare and present reports on audit findings and recommendations to senior management.
• Ensure that the Internal Audit department meets its reporting obligations to the Board of Directors and other stakeholders.
• Maintain clear and comprehensive documentation for all audits, investigations, and assessments.

Requirements

• Bachelor’s Degree or HND in Finance, Economics, Business Administration.
• Applicants must have ICAN certification.
• Minimum of 5 years’ experience in audit/controlling or closely related field.
• Applicants must reside within Lekki and around Ibeju Lekki.

Salary
N300,000 - N3500,000 / month.

Application Closing Date
21st April, 2025.