Internal Control Officer

Job title : Internal Control Officer

Role Summary

The Internal Control Officer will be responsible for developing, implementing, and monitoring effective internal control systems that safeguard company assets, ensure regulatory compliance, minimize operational risks, and improve business processes.

The ideal candidate should possess strong analytical skills, a deep understanding of internal controls, audit procedures, compliance, and financial reporting.

Key Responsibilities

Internal Controls

• Design, implement and monitor internal control procedures.
• Conduct periodic reviews of operational processes.
• Evaluate effectiveness of existing controls.
• Recommend improvements to reduce operational risks.
• Ensure compliance with company policies.

Audit & Compliance

• Perform routine operational and financial audits.
• Monitor compliance with regulatory requirements.
• Assist external and internal auditors during audit exercises.
• Track audit findings and ensure timely closure.
• Prepare audit reports and recommendations.

Financial Controls

• Review payment requests before approval.
• Verify transaction accuracy.
• Monitor reconciliations across bank accounts.
• Review expense claims and supporting documents.
• Ensure segregation of duties is maintained.

Risk Management

• Identify operational risks.
• Assess risk impact and recommend mitigation strategies.
• Maintain the organization's risk register.
• Monitor fraud prevention measures.
• Investigate suspicious transactions.

Operational Excellence

• Review departmental processes.
• Identify inefficiencies.
• Recommend automation opportunities.
• Support continuous process improvement initiatives.

Reporting

• Prepare monthly internal control reports.
• Report compliance breaches.
• Present findings to management.
• Monitor implementation of corrective actions.

Qualifications

• Bachelor's Degree in Accounting, Finance, Economics or related field.
• Professional certification such as ACA, ACCA, CIA or CISA is an added advantage.
• Minimum of 3–5 years experience in Internal Control, Internal Audit or Compliance.
• Experience in financial services, fintech or banking is highly preferred.

Required Skills

• Strong analytical skills
• High attention to detail
• Excellent communication skills
• Knowledge of risk management
• Internal audit techniques
• Financial reporting
• Regulatory compliance
• Microsoft Excel proficiency
• Report writing
• Problem-solving ability
• Integrity and professionalism
• Ability to work independently