Head of Internal Audit

Summary

Join FairMoney as the Head of Internal Audit and assume responsibility for overseeing and evaluating the effectiveness of internal control and corporate governance systems to protect company assets. Conduct audits, reviews, and investigations to assure the Board and Senior Management that controls are in place, sufficient, and operating effectively. Develop and implement internal control and audit policies, provide risk mitigation recommendations, and ensure compliance with policies, procedures, and regulations. Create and maintain a strong compliance culture, implement revenue assurance and cost reduction strategies, and actively follow up on open issues in audit reports. Conduct periodic reviews of system/product changes and perform various tasks as assigned.

Requirements

• Minimum of a Bachelor's Degree
• At least 7 years of banking experience in internal audit or similar position
• 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

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 the Board Audit Committee or Management

Preferred Qualifications

• Master’s degree in accounting, economics or finance preferred
• Professional Accounting Certification (ICAN, ACCA) is preferred

Benefits

• Paid Time Off
• Private Health Insurance
• Pension Plan
• Training & Development
• Work From Home