Internal Auditor

About the Role

The Internal Auditor is responsible for providing independent assurance on the effectiveness of the bank's internal controls, risk management processes, governance framework, and regulatory compliance. The role will support the development of a strong internal audit function within the digital bank by conducting financial, operational, compliance, and technology audits while identifying opportunities to strengthen controls and improve business processes.

Key Responsibilities

Audit Planning & Execution

• Participate in developing and executing the annual risk-based audit plan.
• Conduct financial, operational, compliance, and IT audits across the bank.
• Review business processes and evaluate the effectiveness of internal controls.
• Perform audits of digital banking operations, payment systems, lending activities, treasury operations, and customer onboarding processes.

Risk & Control Assessment

• Identify control weaknesses and operational risks.
• Evaluate automated controls within the core banking system and digital channels.
• Monitor high-risk areas and emerging risks within the digital banking environment.

Regulatory Compliance

• Review compliance with CBN guidelines, NDIC requirements, AML/CFT regulations, and internal policies.
• Assist in reviewing regulatory returns and statutory reporting processes.
• Stay informed on changes in banking regulations and audit standards.

Audit Reporting & Follow-up

• Prepare clear audit reports with practical recommendations.
• Track implementation of agreed audit actions.
• Validate management's corrective actions and report outstanding issues.
• Maintain accurate audit documentation and working

Risk Management & Advisory:

● Provide proactive advice on emerging risks, internal control enhancements, and governance best practices in the digital banking space.

● Collaborate with the Risk Management and Compliance functions to ensure a coordinated approach to the bank’s risk and control framework.

● Stay updated on industry trends, regulatory changes, and evolving audit methodologies.

Team Leadership & Development:

● Lead, mentor, and develop the internal audit team, fostering a culture of professionalism, objectivity, and continuous improvement.

● Provide training and guidance on audit techniques, regulatory requirements, and digital banking risk landscapes.

Stakeholder Engagement:

● Serve as the primary liaison with external auditors, regulators, and the Board on audit‑related matters.

Perform other duties as assigned by the Board, COO or CFO.

Requirements / Qualifications

• Bachelor's degree in Accounting, Finance, Economics, or a related field.
• ACA, ACCA, CIA, CISA, or an equivalent professional qualification is required. CIBN certification is an added advantage.
• Minimum of 3–5 years of internal or external audit experience, preferably within banking, fintech, financial services, or another regulated industry.
• Good understanding of internal audit principles, risk management frameworks, and internal control systems.
• Knowledge of CBN regulations, NDIC guidelines, AML/CFT requirements, and IFRS is an advantage.
• Experience auditing financial processes, digital payment platforms, core banking systems, or technology-enabled operations is preferred.
• Proficiency in Microsoft Excel, Microsoft Office Suite, and audit or data analytics tools.
• Strong analytical, investigative, and problem-solving skills with excellent attention to detail.
• Excellent written and verbal communication skills, with the ability to prepare concise audit reports and present findings effectively.
• Ability to work independently, maintain confidentiality, and manage multiple priorities in a fast-paced environment.
• Demonstrated integrity, sound judgment, and the potential to grow into a leadership role.

Pay: ₦500,000.00 - ₦800,000.00 per month

Application Question(s):

• How many years of internal audit experience do you possess with banking/fintech industry?
• Proven experience with banking/fintech regulators?
• Knowledge of CBN regulations, NDIC guidelines, AML/CFT requirements, and IFRS?
• Experience auditing financial processes, digital payment platforms, core banking systems, or technology-enabled operations?
• Which certifications do you possess?

Work Location: Hybrid remote in Lagos (Lagos)