Job Description
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.
About This Role
The Internal Control Lead will be responsible for ensuring a strong internal control environment through the development of internal policies and procedures, ensuring their implementation and monitoring compliance by all employees.
The position will work to foster standardization and consistency across of business processes and internal controls.
Roles and Responsibilities
Continuous transaction Monitoring: Conducting daily, weekly, or periodic reviews of transactions, branch activities, and operations to identify lapses.
Risk Assessment: Identifying and mapping risks related to operations, technology, or non-compliance to prevent fraud and financial loss.
Regulatory & Policy Compliance: Ensuring all operations adhere to local regulations (AML/CFT), internal policies, and central bank directives.
Transaction Spot Checks: Performing independent spot checks on transactions, specifically focusing on posting and GL movements, and electronic channels like Cards, ATMs or POS systems.
Process Improvement & Reporting: Preparing detailed reports on control gaps, recommending remedial actions, and following up with management to ensure defects are corrected.
Asset safeguard: Physical review of bank’s assets from time to time.
Minimum of bachelor’s degree
At least 7 years banking experience in internal control or similar position
Master’s degree in accounting, economics or Finance preferred.
Professional Accounting Certification (ICAN, ACCA) preferred.
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
Private Health Insurance
Pension Plan
Paid Time Off
Hybrid work
Training & Development programs
Recruitment Process:
- Screening with a member of the recruitment team (30 min).
- Take Home Assignment.
- Final Interview with the Executive Director
