Assistant Manager, Internal Control 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, Internal Control

Location: Lakowe, Lagos
Employment Type: Full-time

Job Summary

• The Internal Control Manager will be responsible for designing, implementing, and monitoring a robust internal control framework for a payment card manufacturing company.
• The position plays a critical role in ensuring that all operational, financial, and compliance risks are identified and mitigated through effective internal controls.
• The ideal candidate will have strong experience in internal controls, risk management, regulatory compliance, and the payment card or manufacturing industry.
• The candidate will also collaborate closely with various departments to enforce compliance with industry standards and regulations while ensuring the protection of the company’s assets and confidential information.

Responsibilities

• Develop and implement a comprehensive internal control system across all business operations.
• Ensure that internal controls are aligned with business objectives and are designed to mitigate risks effectively.
• Review and update control policies to reflect changing business needs, regulatory updates, and industry standards.
• Identify potential areas of weakness in processes and recommend enhancements or corrective actions.
• Establish a process for regularly testing and evaluating internal controls to ensure their effectiveness and adequacy.
• Lead the documentation, testing, and reporting of internal control deficiencies, working with relevant departments to address any gaps.
• Develop key control indicators (KCIs) and perform data analysis to monitor control performance.
• Ensure that internal control documentation is maintained and updated regularly, reflecting any changes in processes or risk factors.
• Oversee financial reporting processes to ensure accurate and timely reporting of financial statements, aligning with the company’s internal control framework.
• Implement controls over financial reporting to prevent misstatements, fraud, and inaccuracies.
• Work with the finance team to develop controls over budgetary processes, cash management, and procurement.
• Develop and monitor all policies, procedures and processes, ensuring compliance with all standards adopted by the company
• Conducts annual control effectiveness testing and provides continuous feedback on identified risk and control
• Prepares and presents Control Environment reports to HOD regularly while working with departments on the implementation of their compliance programmes
• Regularises evaluation of internal controls conducts design and quality assurance tests to determine effectiveness/adequacy in meeting objectives and readiness for internal audits.
• Conducts periodic gap analysis of current processes, controls and compliance requirements with established frameworks and policies.
• Review Audit exception reports and work with departments to close all exceptions raised in the Audit report.
• Review transactions with theneed for Internal Control approval, giving approvals for compliant transactions while guiding cases of control breaches.
• Provides regular updates on issues relating to IT policies and procedures, identifies changes to requirements with control or process impact and communicates to management for approval and implementation.
• Ensure compliance with cybersecurity regulations and data privacy laws.
• Monitor systems for unauthorized access, cyber-attacks, and other security threats, and take immediate action when vulnerabilities are detected.
• Develop and implement controls to detect, prevent, and investigate incidents of fraud within the organization.
• Conduct investigations into suspected fraudulent activities, coordinating with internal stakeholders, law enforcement, and external auditors as necessary.
• Report on the outcomes of investigations and work with departments to tighten controls where vulnerabilities have been identified.
• Communicate the importance of internal controls and risk mitigation strategies to all employees, fostering a culture of accountability and compliance.
• Act as the main point of contact for internal control-related inquiries and provide guidance to department heads and employees on control processes.
• Provide regular updates on compliance with internal controls, risk management efforts, and any deficiencies identified during audits or assessments.
• Ensure that control deficiencies are addressed and resolved promptly, and report any significant control failures to the HOD.

Qualifications

• Bachelor’s degree or HND in Finance, Economics, Business Administration or related field with a minimum of 5 years experience in audit/controlling or closely related field. In-depth knowledge of internal control frameworks (e.g., COSO), risk management principles, and regulatory compliance.
• Professional certification either of the following: ACA, ACCA, CISA is a must. A Master's degree will be an added advantage.

Key Skills and competencies:

• Experience with financial reporting standards, such as IFRS or GAAP
• Strong analytical and problem-solving skills, with attention to detail.
• Proficiency in internal control management software and data analysis tools.
• Excellent analytical, organizational, and problem-solving skills.
• Strong written and verbal communication skills, with the ability to convey complex control concepts to all levels of the organization.
• Leadership and team management experience, with the ability to motivate and develop a team
• Expertise in fraud detection and investigation.

Application Closing Date
4th August, 2025.

How to Apply
Interested and qualified candidates should send their CV to: recruitment@epayplusng.com using the Job Title as the subject of the email.

Note: Interested candidates around Ajah, Ibeju-Lekki and environs are encouraged to apply.