Internal Auditor at Baobab Microfinance Bank

Baobab is an investment company whose mission is to create a group of leading microfinance banks and finance companies in at least 15 countries by 2015 that will provide financial services and savings products to entrepreneurs who lack access to the traditional financial sector. Baobab was created in July 2005 by PlaNet Finance, and other investors including International Finance Corporation, AXA Belgium, and Societe Generale, with the European Investment Bank, the French Development Agency and Developing World Markets joining later.

We are recruiting to fill the position below:

Job Title: Internal Auditor

Location: Yaba, Lagos
Employment Type: Full-time

Key Responsibilities

• Conduct risk assessments to identify critical business risks and controls.
• Develop and adjust audit programs based on evolving risks and business environments.
• Execute audit engagements in line with best practices and professional standards.
• Assess fraud risks in control design and establish audit procedures to evaluate potential fraud occurrences. 
• Review audit working papers to ensure thorough documentation of information, analyses, and conclusions.
• Evaluate audit evidence's reliability, relevance, and sufficiency to support findings.
• Conduct root cause analysis, develop preliminary findings, and recommend solutions to mitigate risks and improve operations.
• Present and discuss audit findings with process owners and prepare high-quality audit reports.
• Assess the effectiveness and efficiency of internal control systems.
• Monitor the implementation of audit recommendations to ensure compliance and improvements.
• Contribute effectively to audit assignments as an individual contributor and a team member.
• Facilitate teamwork, support colleagues, and foster commitment to team objectives for enhanced performance.
• Perform additional duties as assigned by the Chief Internal Audit Officer.

Education & Experience

• Bachelor’s Degree in Accounting, Finance, or a related field.
• Professional certifications such as ACCA, ACA, or CIA is an added advantage.
• Minimum of 2 years of experience in auditing,preferably in an external audit firm.
• Experience conducting finance-related audit engagements.
• Strong knowledge of financial regulations, operational environments, and internal control systems.
• Fluency in English.

Required Skills & Competencies:

• High integrity, objectivity, and professionalism.
• Strong sense of responsibility and accountability.
• Excellent analytical and critical thinking skills.
• Effective communication skills (written and verbal).
• Strong interpersonal and teamwork abilities.
• Ability to work independently and manage multiple tasks.
• Proficiency in Microsoft Office and audit-related software.

Application Closing Date
21st April, 2025.