Internal Audit Officer at 9 Payment Service Bank

JOB SUMMARY 

• The Internal Audit Officer is responsible for evaluating and improving the effectiveness of risk management, control, and governance processes within the organization. This role involves conducting audits, preparing reports, and recommending improvements to ensure compliance with internal policies, regulatory requirements, and industry best practices.

ROLES AND KEY RESPONSIBILITIES 

• Conduct periodic internal audits across departments and business units. 
• Evaluate the adequacy and effectiveness of internal controls and risk management systems. 
• Review financial records, operational procedures, and compliance with applicable laws and regulations. 
• Prepare detailed audit reports with findings, risks, and recommendations. 
• Follow up on audit recommendations to ensure timely implementation. 
• Assist in the development and updating of audit programs and procedures. 
• Collaborate with external auditors and regulatory bodies during inspections. 
• Maintain confidentiality and integrity of audit information. 
• Provide advisory support on internal control improvements and risk mitigation strategies. 
• Participate in special investigations and forensic audits as required.

MINIMUM EDUCATION AND EXPERIENCE REQUIRED 

• Bachelor’s degree in Accounting, Finance, Economics, or a related field. 
• Professional certification such as ACA, ACCA, or CIA is an added advantage. 
• Minimum of 3 years of relevant experience in Internal Auditing, Internal Control or Risk Management. 
• Strong knowledge of auditing standards, accounting principles, and regulatory frameworks. 
• Proficiency in audit software and Microsoft Office Suite.

REPORTING RELATIONSHIP 

• Directly Reports To: Chief Internal Auditor / Head of Internal Audit

KEY PERFORMANCE INDICATORS (KPIs) 

• Number of audits completed within the scheduled timeframe. 
• Quality and clarity of audit reports submitted. 
• Percentage of audit findings, exceptions observed 
• Percentage of audit recommendations implemented. 
• Percentage of advisory services carried out 
• Timeliness of follow-up audits and issue resolution. 
• Compliance rate with internal policies and regulatory standards. 
• Contribution to risk reduction and control improvement initiatives.