JOB DESCRIPTION

Job Title: Internal Auditor

Industry: Microfinance | Financial Services

Reports To: Head of Internal Audit / Management

Location: Lagos, Nigeria

Work Structure: Full-Time | Onsite

Remuneration: ₦350,000 – ₦500,000 Monthly Gross

Client Overview
Our client is a growing microfinance institution providing tailored financial solutions designed to meet the personal and business needs of individuals, entrepreneurs, and small businesses. The organization is focused on delivering accessible financial services while maintaining strong operational standards, regulatory compliance, customer satisfaction, and sustainable business growth.

Role Summary
Our client is seeking a detail-oriented and analytical Internal Auditor to assess internal controls, identify operational and financial risks, and ensure compliance with applicable policies and regulatory requirements. The successful candidate will provide independent assurance on the effectiveness of business processes and recommend improvements that strengthen operational efficiency and risk management.

Key Responsibilities

Internal Audit & Controls

• Conduct periodic audits of financial, operational, and business processes.
• Review internal controls and identify weaknesses, gaps, and potential risks.
• Evaluate compliance with internal policies, procedures, and applicable regulatory requirements.
• Perform audit testing and verify the accuracy and completeness of financial and operational records.
• Follow up on audit findings and monitor implementation of agreed corrective actions.

Risk & Compliance

• Identify potential operational, financial, and compliance risks across business functions.
• Investigate unusual transactions, control breaches, and suspected irregularities.
• Assess the effectiveness of risk mitigation measures and recommend improvements.
• Support management in strengthening internal control and risk management frameworks.

Audit Reporting

• Prepare clear and timely audit reports highlighting findings, risk implications, and recommendations.
• Present significant audit observations to management and relevant stakeholders.
• Maintain appropriate audit documentation and working papers.
• Provide regular updates on outstanding audit issues and remediation progress.

Requirements

Education

• Bachelor's Degree in Accounting, Finance, Economics, or a related discipline.
• ACA, ACCA, or CIA certification is required.

Experience

• 3–5 years of relevant experience in internal audit, external audit, risk, compliance, or financial services.
• Experience within a microfinance bank, commercial bank, or other regulated financial institution will be an advantage.
• Practical knowledge of internal controls, audit procedures, risk assessment, and regulatory compliance.
• Experience reviewing financial transactions, reconciliations, operational processes, and control systems.

Technical Competencies

• Internal Audit & Control Testing
• Risk Assessment
• Regulatory Compliance
• Financial Analysis
• Audit Reporting
• Microsoft Excel
• Audit Documentation

Core Competency
Analytical & Risk Management