Job description
About the company
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.
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.
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
Paid Time Off
Private Health Insurance
Pension Plan
Training & Development
Work From Home
Recruitment Process
- A screening interview with one of the members of the Talent Acquisition team for 30 minutes.
- Technical Interview with the Hiring Manager for 45-60 minutes.
- Business Interview with key stakeholders for 45-60 minutes.
