Internal Audit Officer at Fairmoney Microfinance Bank

FairMoney is a pioneering mobile banking institution specializing in extending credit to emerging markets. Established in 2017, the company currently operates primarily within Nigeria, and it has secured nearly €50 million in funding from renowned global investors, including Tiger Global, DST, and Flourish Ventures.

In alignment with its vision, FairMoney is actively constructing the foremost mobile banking platform and point-of-sale (POS) solution tailored for emerging markets. The journey began with the introduction of a digital microcredit application exclusively available on Android and iOS devices. Today, FairMoney has significantly expanded its range of services, encompassing a comprehensive suite of financial products, such as current accounts, savings accounts, debit cards, and state-of-the-art POS solutions designed to meet the needs of both merchants and agents.

To gain deeper insights into FairMoney's pivotal role in reshaping Africa's financial landscape, we invite you to watch this informative video.

We are recruiting to fill the position below:

Job Title Internal Audit Officer

Location: Lagos
Employment Type: Full-time 

About This Role

• As an Internal Audit Officer, you will play a critical role in supporting the internal audit function, ensuring the organization's operational and financial processes align with established standards and best practices.
• You will work closely with the Head of Internal Audit to assess risks, enhance controls, and provide valuable insights for decision-making.

Key Responsibilities

• Develop detailed audit work programs and comprehensive audit planning memoranda for each audit engagement
• Perform audit tests of key operational and financial processes, ensuring compliance with professional standards and methodology
• Prepare and maintain accurate working papers in alignment with established audit standards
• Prepare and present accurate internal audit reports for review by the Head of Internal Audit
• Conduct prepayment checks on transactions to ensure value for money on all transactions and contracts
• Update the audit tracker based on feedback obtained from process owners
• Assist the Head of Internal Audit in the development of the Annual Audit Plan
• Provide support to the Head of Internal Audit in preparing presentations and reports for the Board
• Stay updated on emerging trends and developments in auditing practices, integrating best practices into audit processes
• Perform additional tasks and responsibilities as assigned by the Head of Internal Audit

Requirements

• Bachelor's Degree in Accounting, Finance, or a related numerate discipline
• ACA, ACCA, CIA, or CISA certification is required
• Minimum of 3 years in internal audit, with at least 1 year in the financial services sector.
• Proven experience in auditing, with a strong understanding of audit methodologies and risk management practices
• Knowledge of internal control frameworks (e.g., COSO)
• Exceptional communication skills, analytical and problem-solving abilities to identify and resolve issues effectively
• Proficient in Microsoft Office Suite, including Excel, Word, and PowerPoint
• High ethical standards and professionalism, with the ability to handle confidential information sensitively and discretely
• Ability to work independently and collaboratively as part of a team, with a proactive approach to identifying and addressing control weaknesses.

Benefits

• Private Health Insurance
• Pension Plan
• Paid Time Off
• Hybrid work
• Training & Development programs

Application Closing Date
Not Specified.

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

Recruitment Process

• Screening with a member of the recruitment team (30 min)
• Take Home Assignment
• Technical Interview with the Lead - Internal Audit min)
• Final Interview with Managing Director