Head - Internal Audit & Compliance at Electronic PayPlus Limited

Job Summary & Purpose

• Responsible for planning, executing and reporting on operational, financial, regulatory and compliance related audits/reviews.
• A secondary role is to provide advice on internal control to management, including responding to questions on risk management.

Responsibilities

• Ensure compliance with company’s policies, processes and procedure.
• Ensure compliance with certification requirements ( Verve, MasterCard and Visa)
• Review the efficiency and effectiveness of operational standards and procedures.
• Review existing accounting systems and related controls at intervals.
• Carry out any investigation as may be required by management.
• Provide operation and financial information for decision making process.
• Liaison with external auditors on issues bothering on certification and audit.
• Develop an annual Audit Plan using appropriate risk-based methodology, including risks or control concerns identified by management and submit that plan to the board for review and approval.
• Implement the annual Audit plan, as approved, including, and as appropriate, any special mandates or project requested by management and the board.
• Maintain a professional audit staff with sufficient knowledge, skills, experience and professional certification to meet the requirement of this Charter.
• Issue an audit report to management and any other relevant parties at the conclusion of each audit in order to communicate the audit findings, recommendations and management action plans.
• Follow up on outstanding management action plans to ensure significant risks and major deficiencies identified are effectively addressed and remediated by management within the mutually agreed timeframe.
• Prepare and present quarterly reports to the board summarizing the status and the results of audit activities.
• Identify key processes supporting financial reporting, assist business process owners to identify and document effective internal controls, and test key financial reporting controls in identified financial.
• Assess the effectiveness of the disclosure controls and procedures on a quarterly basis.
• Review and investigate complaints reported through the Whistle-blower program and report to the Managing Director on a quarterly basis, or promptly if the complaint has a material consequence for the Company. As needed, the Company’s Management is advised of complaints received in the view of helping to bring corrective actions.
• Review the Company’s Anti-fraud program and practices with management and the Audit Committee.
• Investigate on suspected fraudulent activities within the organization and notify management and the Audit Committee of the results.
• Serve as a resource to the Company in identifying the need for and characteristics of adequate systems of control.
• Keep the management informed of emerging trends and successful practices in internal auditing.

Academic Qualifications

• Bachelor’s degree or HND in Finance, Economics, Business Administration.
• Professional Qualification:
• ACA, ACCA, CISA etc

Experience:

• Financial Services experience
• Minimum 8 years post qualified experience
• Experience in the management of audit departments and staff
• Thorough understanding of the principles and application of good corporate governance, business and operational risk and control processes and procedures.