Head of Internal Audit 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: Head of Internal Audit

Location: Lagos
Employment Type: Full Time

Role Overview

• 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.
• 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.

Key Responsibilities

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

Requirements
Qualifications:

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

Skills & Experience:

• Advanced knowledge of auditing processes/procedures
• Ability to balance detail with departmental goals/objectives
• Ability to coordinate and perform multiple tasks/projects simultaneously, balancing priorities and deliverables.
• Competent interpersonal skills, demonstrating the ability to lead projects and mentor others
• Ability to evaluate business processes, identify risks and evaluate controls.
• Advanced investigative and analytical skills
• Ability to translate business needs and problems into viable and accepted solutions.
• Ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines.
• Advanced oral and written communication skills
• Ability to work independently
• Organizational and time management skills
• Ability to share and impart knowledge
• Good interpersonal relationship
• Good project management skills.

Benefits

• Paid Time Off
• Private Health Insurance
• Pension Plan
• Training & Development
• Work From Home.

Application Closing Date
Not Specified.

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

Recruitment Process:

• A screening call with the Senior Recruiter ~30 minutes
• Technical interview with the hiring manager ~30 minutes.