The Internal Auditor & Control Officer plays a critical role in ensuring the
integrity of financial transactions, safeguarding assets, enforcing
compliance with regulatory guidelines (including CBN MMO regulations),
and supporting operational effectiveness through continuous risk-based
audits and internal control reviews. The officer ensures customer
transactions, agent settlements, wallet funding, disbursements, and
chargebacks are accurately processed and aligned with approved internal
procedures and regulatory standards.
KEY DUTIES
Reconcile mobile money inflows and settlement balances with bank
statements and the general ledger.
Perform daily/weekly reconciliation of wallet inflows, customer payout
requests, and merchant transactions to ensure value integrity and
detect anomalies.
Review and confirm that payouts, reversals, and refunds are supported
by prior wallet credits or receipts, and not duplicated or fraudulent.
Conduct periodic audits of agent commissions, disbursements,
merchant (B2B) commissions, and settlement reports for accuracy and
policy alignment.
Review CBN MMO-related returns and support the compliance team
in ensuring accuracy before submission.
Identify and investigate unauthorized transactions, irregular
chargebacks, and demand reversals where deductions are found to be
unjustified.
Monitor and review transaction patterns to detect potential fraud or
control breaches.
Support the control of digital channels (USSD, Wallet App, Web) by
reviewing transaction flow, limits, and exception handling.
Prepare and submit internal audit reports, highlighting exceptions,
control gaps, and recommendations.
Ensure adherence to CBN regulations, internal policies, and
procedures related to transaction processing, customer wallets,
settlement, and reconciliation.
Work closely with operations, finance, compliance, and IT to identify
and close control gaps.
Support the development of automated audit routines and
dashboards for continuous control monitoring.
Provide support during CBN exams, internal and external audits, and risk reviews.
Carry out investigations and special audits as may be directed by
management.
KEY PERFORMANCE INDICATORS
Timeliness and accuracy of reconciliation and audit reports
Number of detected and resolved control exceptions
Audit recommendations implemented
Compliance with CBN MMO regulatory requirements
Fraud and loss prevention effectiveness
KNOWLEDGE/EXPERIENCE
Education: BSc or HND in Accounting, Finance, Economics, or related
field
Professional Qualifications: ACA, ACCA, CISA, or CIA (added advantage)
Experience: Minimum of 3–5 years post-NYSC experience in internal
audit or internal control, preferably within a FinTech, payment services,
or financial institution regulated by the Central Bank of Nigeria.
KNOWLEDGE (include technical knowledge):
Sound knowledge of CBN Guidelines, regulations, and transaction
processing rules
Strong understanding of e-wallet systems, digital payments, and
settlement mechanisms
Proficiency in Microsoft Excel, Power BI, and audit tools
Excellent analytical, investigative, and report-writing skills
Strong ethical standards and attention to detail
Ability to work independently and within a team
Job Type: Full-time
Pay: ₦250,000.00 - ₦350,000.00 per month
Application Deadline: 21/06/2025
