Head of Internal Audit

Finceptive Limited

Accounting, Auditing & Finance

WE ARE HIRING

Position: Head of Internal Audit

Reports To: Board Audit Committee / Managing Director

Department: Internal Audit

Location: Lagos

Type: Full-time

JOB OVERVIEW

To provide independent assurance on the adequacy and effectiveness of internal control systems, risk management, and governance processes within the Bank, in line with regulatory standards (CBN, NDIC) and internal policies. The Head of Internal Audit must have a work experience in a Micro Finance Bank.

KEY RESPONSIBILITIES

• Develop and implement a risk-based annual internal audit plan.
• Align audit focus with emerging risks, regulatory changes, and business growth.
• Perform daily call-over of transactions, including cash and non-cash items.
• Review general ledger (GL) entries, journals, and ensure correctness of postings.
• Conduct surprise cash counts at branches and head office.
• Review loan files for compliance with credit policies, approval processes, and documentation.
• Ensure proper documentation and authorization of expenses, income, and operational activities.
• Monitor compliance with CBN regulations, Microfinance Policy Guidelines, AML/CFT rules, and internal policies.
• Carry out periodic compliance audits of all departments.
• Review integrity and completeness of financial reports and bank reconciliations.
• Ensure accuracy of core banking software data and proper access control.
• Review the interface between operational platforms and the GL system.
• Conduct investigations into suspected frauds and irregularities.
• Recommend and implement controls to mitigate fraud risk.
• Submit detailed audit reports with practical recommendations to the Board Audit Committee.
• Track implementation of audit recommendations and corrective actions.
• Lead, train, and mentor internal audit staff.
• Build a culture of accountability and compliance within the bank.
• Liaise with external auditors, CBN examiners, and other regulators.
Provide support during regulatory audits, inspections, and examinations.

JOB REQUIREMENTS:

• A Bachelor’s degree
• Professional certifications: ACA, ACCA, CIA, or CISA (Is an added advantage).
• 5–10 years of relevant experience in internal audit, at least 3 in a leadership position.
• MCIB is mandatory
• Strong knowledge of microfinance operations and regulatory framework.
• Hands-on experience with BankOne or similar Core Banking Apps (if applicable).
• Deep understanding of credit risk, operations, and treasury controls.
• Exceptional analytical, investigative, and documentation skills.
• High integrity and strong ethical standards.
• Effective communication and board-level reporting skills.

Method of Application

Interested candidates should send their resume to [email protected] using the job title as the subject of the mail.

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