Internal Risk & Audit Officer at Vaste Finance

Vaste Finance is a financial institution committed to providing innovative and accessible financial solutions tailored to the needs of individuals and businesses in Nigeria. With a strong foundation built on trust, reliability, and exceptional customer service, we are your trusted partner in achieving financial success.

We are recruiting to fill the position below:

Job Title: Internal Risk & Audit Officer

Location: Maryland, Lagos
Employment Type: Full-time

Responsibilities
Risk Management:

• Conducts regular risk assessments
• Evaluate the current risk management processes and determine their effectiveness in a future scenario
• Identify risks, and evaluate them in terms of their plausibility and repercussions and curate risk mitigation and management policies to reduce the effectiveness of the risk
• Coordinate the RCSA process with inputs from all departments and ensure compliance
• Ensure adequate policies and mitigation measures are in place to minimize operational risks.
• Contribute to the development and implementation of risk management strategies and initiatives to enhance organizational resilience and sustainability.
• Manages and prepares all documentation related to risk assessments and reviews of standard operating procedures
• Delivers regular risk analysis reports to Management complete with actionable plans for avoiding or preventing potential threats at all levels
• Evaluate employees’ risk awareness and train them when necessary
• Develop risk control and management strategies to reduce the financial and legal impact on the business
• Liaise with, and guide senior management and the stakeholders about the current and potential risks through reports, documentation and presentations periodically
• Ensure that the company meets its legal and regulatory risk requirements
• Prepare risk contingency plans to tackle future risk management issues.

Audit:

• Conducting independent risk assessments as a basis for the audit plan
• Perform internal audits, reviews, and testing procedures to assess the reliability and accuracy of financial and operational information.
• Document audit findings, observations, and recommendations in audit reports, and communicate results to management and stakeholders.
• Perform and control the full audit cycle including risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable directives and regulations
• Identify loopholes and recommend risk aversion measures and cost savings
• Document process and prepare audit findings memorandum
• Conduct follow up audits to monitor Management’s interventions
• Developing and maintaining a risk-based audit plan and submitting the plan and any adjustments to the Management for approval
• Provide ad hoc advice and guidance to managers and staff at all levels, sometimes by delivering courses and training sessions
• Perform risk assessments on key business activities and use this information to guide what should be covered in audits
• Assess how well the business is complying with rules and regulations and inform management of any issues that need addressing
• Manage a variety of stakeholders and their expectations through regular communications.

Requirements

• Bachelor's Degree in Accounting, Finance, or related field
• Professional qualification such as ACCA, ACA, CPA, is a must.
• Previous experience and knowledge of Control Regulations and procedures in Finance and Accounting
• Ability to analyze financial data and prepare financial reports, statements and projections
• Proven experience in internal auditing, internal controls, or risk management roles.

Application Closing Date
31st December, 2025.