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Internal Control Officer Needed at Fairmoney Microfinance Bank

Internal Control Officer Needed at Fairmoney Microfinance Bank

FairMoney is building the leading mobile bank for emerging markets. We started with a digital microcredit application on Android, and currently roll out additional financial services (current account, savings, debit card) while expanding the product to Western Africa and South-East Asia.

We are recruiting to fill the position below:

Job Title: Internal Control Officer

Location: Lagos
Job type: Full time

About This Role

  • As an Internal Control Officer, you will play a pivotal role in safeguarding the organization’s assets, ensuring compliance with internal policies, and mitigating risks.
  • Your responsibilities will include performing routine checks, validating documentation, and identifying potential risks or control weaknesses.
  • Working closely with the Head of Internal Audit and Control, you will contribute to the continuous improvement of processes and ensure adherence to regulatory and operational standards.

Key Responsibilities

  • Perform routine checks on business processes, transactions, and activities to ensure adherence to internal controls.
  • Review and validate documentation to ensure accuracy and completeness of records.
  • Identify red flags and control weaknesses in business processes that could lead to fraud or operational risks.
  • Conduct investigations into suspected irregularities and report findings to the Head of Internal Audit and Control.
  • Proactively identify control deficiencies and recommend practical solutions to enhance processes.
  • Collaborate with business units to ensure the implementation of corrective actions to address control gaps.
  • Support the periodic review and update of company policies and procedures to reflect regulatory changes or business developments.
  • Conduct pre- and post-payment reviews of financial transactions, particularly those related to bonuses and vendor payments.
  • Work closely with the Head of Internal Audit and Control to monitor whistleblowing channels and ensure proper documentation and investigation of reported cases.
  • Carry out any additional tasks or responsibilities as assigned by the Head of Internal Audit and Control.
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Requirements

  • Bachelor’s Degree in Accounting, Finance, or a related numerate discipline.
  • ACA or ACCA certification preferred; candidates significantly advanced in obtaining the certification will also be considered.
  • 3 – 5 years of experience in internal control, preferably in the financial services sector.
  • Familiarity with internal control frameworks such as COSO.
  • Demonstrated ability to design and assess control mechanisms for risk mitigation.
  • Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint).
  • Strong ability to detect discrepancies and irregularities in processes and transactions.
  • Excellent analytical skills.
  • Excellent critical thinking and decision-making skills to effectively address 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 Head of Internal Audit and Control (60 min)

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