Assistant Manager Internal Audit and Compliance at Electronic PayPlus Limited

Job Overview:

As the Assistant Manager in the Internal Audit department you will play a key role in assisting the Internal Audit Manager in overseeing and executing audit functions, and ensuring compliance with regulatory requirements, company policies, and industry standards. This position is critical for identifying risks, improving internal controls, and driving operational efficiency within the payment card manufacturing company.

The ideal candidate will have a strong background in auditing, risk management, and compliance, particularly within the manufacturing and financial services industries. They must demonstrate excellent analytical, communication, and leadership skills.

Responsibilities:

• Assist in the development and implementation of a comprehensive audit plan based on risk assessments and business objectives.
• Conduct monthly & quarterly Companywide internal audits across various departments to evaluate the effectiveness of internal controls, processes, and compliance.
• Prepare detailed audit reports with observations, recommendations, and action plans to address identified issues.
• Follow up on audit findings to ensure corrective actions have been implemented effectively.
• Conduct monthly review of the Management Account
• Conduct monthly reviews of the key material used in Production.
• Conduct asset verification exercises for the company twice each year.
• Review user access to the across the IT infrastructure.
• Participate in risk assessment processes to identify key risks to the organization and areas of potential improvement.
• Monthly review of statutory remittances (VAT, WHT, PENSION, PAYE) to ensure adequate returns are made promptly.
• To conduct Monthly stock count of cards in the vault.
• Monitor and evaluate the effectiveness of risk management strategies.
• Recommend actions to mitigate identified risks, including financial, operational, and regulatory risks.
• Ensure the company complies with local and international regulations and standards, particularly with regard to the manufacturing and distribution of payment cards.
• Assist in the review and development of company policies and procedures to ensure regulatory compliance.
• Stay up to date with changes in industry regulations, including those affecting payment cards, data security, and financial services.
• Conduct audits related to data security and ensure the protection of sensitive cardholder information.
• Collaborate with the IT and security departments to identify and assess cyber risks.
• Investigate and report any incidents of fraud or unethical behaviour, and work with relevant departments to implement preventive measures.
• Assist the HOD in managing and mentoring junior audit staff.
• Provide training and support to staff on internal audit processes and best practices.
• Ensure that the audit team is up-to-date with industry trends, audit techniques, and regulatory changes.
• Serve as the point of contact for external auditors during annual audits or special projects.
• Ensure timely and accurate submission of requested documents and information.
• Collaborate with external auditors to address audit issues and implement recommendations.
• Prepare and present reports on audit findings and recommendations to senior management.
• Ensure that the Internal Audit department meets its reporting obligations to the Board of Directors and other stakeholders.
• Maintain clear and comprehensive documentation for all audits, investigations, and assessments.

Requirements:

• Minimum of 5 years’ experience in audit/controlling or closely related field.
• Bachelor’s degree or HND in Finance, Economics, Business Administration.
• ACA, ACCA, CISA etc. will be an advantage.
• Applicants must reside within Lagos State and around Ibeju Lekki.