Audit & Internal Control Officer at CredPal

Purpose Statement

• We are seeking a detail-oriented Audit and Internal Control Officer to ensure compliance, mitigate risks, and strengthen internal controls across the organization. This role involves conducting audits of financial transactions, operational processes, and compliance frameworks to safeguard company assets and improve efficiency. The officer will identify risks, recommend corrective actions, and support governance by enhancing policy frameworks and conducting risk assessments. Additionally, this role will collaborate with various departments to foster a culture of compliance and continuous improvement.

Responsibilities

• Develop and Implement Audit Plans: Design and execute comprehensive audit programs to evaluate financial and operational processes, ensuring adherence to internal policies and regulatory standards.
• Conduct Risk Assessments: Identify potential risks across various departments, evaluate their impact, and recommend effective risk mitigation strategies.
• Monitor Compliance and Internal Controls: Ensure all company operations, financial transactions, and processes align with internal policies, industry best practices, and statutory regulations.
• Review Financial Records and Transactions: Examine accounting records, expense reports, revenue streams, and cash flow to detect inconsistencies, fraud, or financial misstatements.
• Perform Operational Audits: Assess the efficiency and effectiveness of business operations, identifying gaps and recommending improvements to optimize performance.
• Investigate Fraud and Irregularities: Conduct in-depth inquiries into suspicious activities, financial discrepancies, or policy violations, and report findings with corrective action plans.
• Enhance Governance and Policy Frameworks: Develop internal policies, procedures, and controls to strengthen corporate governance and operational efficiency.
• Develop Audit Reports and Recommendations: Prepare detailed reports summarizing audit findings, key risks, and actionable recommendations for senior management.
• Conduct Training and Awareness Programs: Educate employees on best practices for internal controls, risk management, fraud prevention, and compliance requirements.
• Support External Auditors and Regulatory Examinations: Collaborate with external auditors and regulatory bodies by providing necessary documentation and responses during audits.

Requirements

• Bachelor's degree in Accounting, Finance, Business Administration, or a related field.
• 3+ years of proven experience in audit, risk management, or internal control, (preferably in a fintech or high-growth financial service company).
• Strong understanding of financial reporting standards, internal audit frameworks, and regulatory compliance.
• Ability to identify risks, assess controls, and recommend process improvements.
• Excellent analytical and problem-solving skills with keen attention to detail.
• Strong ethical standards and ability to handle confidential information with integrity.
• Proficiency in Microsoft Excel, Google Suite, audit software, and financial analysis tools.
• Strong communication and interpersonal skills to interact effectively with various departments.
• Ability to work independently, prioritize tasks, and meet deadlines in a fast-paced environment.