Head of Internal Audit at FairMoney Nigeria


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: Head of Internal Audit

Location: Lagos
Job type: Full time
Department: Finance

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.

Roles & 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 Head, Internal Audit and Management.


  • Minimum of a Bachelor’s Degree
  • At least 7 years of banking experience in internal control 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.

Application Closing Date
Not Specified.

Method of Application
Interested and qualified candidates should:
Click here to apply online

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.


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