Internal Audit Officer at Updeal Resources

Summary

• The Internal Auditor is responsible for providing independent assurance on the Bank’s risk management, control, and governance processes.

Responsibilities
Key responsibilities include:

• Audit Planning & Execution: Develop annual audit plans, conduct risk-based audits across financial, operational, and compliance areas, and verify accuracy of records and transactions.
• Control Evaluation & Risk Management: Assess adequacy of process design and effectiveness of internal controls, identify weaknesses, and recommend practical improvements.
• Reporting & Advisory: Prepare clear audit reports, present findings to management and the Audit Committee, and provide independent advice to support corporate objectives.
• Compliance Monitoring: Ensure adherence to internal policies and regulatory requirements, keeping abreast of industry and regulatory changes.
• Fraud Detection & Investigation: Investigate suspected fraud or irregularities, recommend preventive measures, and support anti-fraud initiatives.
• Follow-up & Process Improvement: Monitor implementation of audit recommendations, promote efficiency in business processes, and safeguard the Bank’s assets.
• Other Duties: Perform additional audit-related responsibilities as may be assigned by Management.

Qualifications

• Bachelor's Degree or HND in Accounting, Finance, or a related field.
• Proven experience as an Internal auditor in a Microfinance Bank is a must.
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Familiarity with industry regulations and compliance standards.
• Ability to work independently and collaboratively as part of a team.