Internal Auditor

Description

• The Internal Auditor is responsible for independently evaluating and improving the effectiveness of the organisation’s internal control systems, risk management processes, and governance framework.
• The role ensures compliance with internal policies, regulatory requirements, and financial reporting standards, while safeguarding the organisation’s assets and enhancing operational efficiency.

Key Responsibilities
Internal Control & Audit Execution:

• Develop and execute risk-based internal audit plans
• Conduct operational, financial, and compliance audits across business units
• Evaluate the adequacy and effectiveness of internal controls

Risk Management:

• Identify key operational, financial, and regulatory risks
• Assess risk mitigation measures and recommend improvements
• Monitor implementation of risk controls across the organisation

Compliance Oversight:

• Ensure adherence to internal policies, procedures, and applicable laws and regulations.
• Monitor compliance with SEC Nigeria Rules, the Investments and Securities Act (ISA), AML/CFT requirements, and other applicable regulatory obligations.
• Conduct periodic reviews of AML/KYC processes, sanctions screening, customer due diligence, and financial crime controls.
• Review transactions and processes for compliance breaches or irregularities.
• Support regulatory inspections and external audit processes.

Financial & Operational Review:

• Review financial records for accuracy, completeness, and compliance.
• Assess the effectiveness of the Internal Control over Financial Reporting (ICFR) framework, including COSO-based control testing and monitoring.
• Audit fund management operations, including Net Asset Value (NAV) computation, unit pricing, fund accounting, subscription and redemption processes, and investment performance reviews.
• Conduct audits of investment portfolio management to ensure compliance with approved investment mandates, portfolio valuation methodologies, and investment restrictions.
• Assess the efficiency and effectiveness of operational processes.
• Conduct spot checks, investigations, and forensic reviews where required.

Reporting & Documentation:

• Prepare detailed audit reports highlighting findings, risks, and recommendations
• Present audit findings to management and relevant committees
• Maintain proper audit documentation and working papers

Follow-Up & Issue Resolution:

• Track implementation of audit recommendations
• Engage with management to ensure timely remediation of identified issues
• Escalate unresolved or high-risk issues where necessary

Financial & Operational Review:

• Review financial records for accuracy, completeness, and compliance
• Assess efficiency and effectiveness of operational processes
• Conduct spot checks and forensic reviews where required

Governance Support:

• Support strengthening of corporate governance frameworks
• Provide advisory input on internal control improvements
• Liaise with external auditors and regulators as required

Key Requirements

• Bachelor’s degree in Accounting, Finance, Economics, or related field
• 3–6 years' relevant experience in internal audit, risk management, assurance, or financial services.
• Professional certification such as ACA, ACCA, CIA, CISA, or CRMA will be an added advantage.
• Strong knowledge of SEC Nigeria Rules, the Investments and Securities Act (ISA), AML/CFT requirements, and other applicable financial services regulations.
• Sound understanding of Internal Control over Financial Reporting (ICFR), COSO Internal Control Framework, and enterprise risk management principles.
• Working knowledge of fund accounting, NAV computation, investment portfolio management, and regulatory reporting.
• Strong analytical, investigative, and report-writing skills.
• Proficiency in Microsoft Excel and audit, data analytics, or governance, risk and compliance (GRC) software.

Core Competencies:

• High integrity and objectivity
• Strong analytical and critical thinking skills
• Attention to detail
• Strong communication and report-writing ability
• Independence and professional scepticism
• Ability to manage multiple priorities

Application Closing Date
20th September, 2026.

How to Apply
Interested and qualified candidates should send their CV and cover letter to: using the job title as the subject of the email.

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