Head of Internal Audit Job at Oxygen X Finance Company Limited

Oxygen X Finance Company Limited Plc is a credit company backed by one of Africa’s largest Banking Groups, with a goal to build Africa’s largest consumer and SME lender. We aim to build the most accessible, convenient, digital credit solutions on the continent. We take our mission and our user’s challenges extremely seriously and are seeking brilliant, innovative, self-starters to join us on our journey.

We are recruiting to fill the position below:

Job Position: Head of Internal Audit

Job Location: Lagos
Job type: Full-time

Description

• We are seeking an Internal Audit Officer who will be responsible for leading the Internal audit of various departments and functions within the company, thereby providing independent and objective assessments to help improve operational efficiency and effectiveness.
• The role involves evaluating the effectiveness of internal controls, risk management processes, and compliance with regulatory requirements.

Key Responsibilities

• Establish and execute an annual risk-based audit plan, as part of a multi-year program aligned with our organizational objectives.
• Evaluate the adequacy and effectiveness of internal control, risk management processes, cybersecurity, data privacy, and fraud prevention measures to ensure we are driving efficiency and compliance throughout the organization.
• Develop Internal Audit Charter that will be approved by the board of directors
• Assess the accuracy and integrity of financial reporting and transaction processing systems.
• Ensure adherence to local and international regulatory frameworks, including, NDPR, and AML/KYC requirements.
• Build, mentor, and manage a high-performing internal audit team.
• Follow up on audit findings to ensure corrective actions have been implemented and are effective.
• Evaluate the organization’s risk management processes and ensure they are aligned with regulatory requirements and best practices.
• Ensure audits are conducted in compliance with relevant laws, regulations, and industry standards.
• Promote a culture of accountability, risk awareness, and ethical behavior.
• Communicate detailed audit reports and recommendations for improvement to senior management and stakeholders in a collaborative, clear and concise manner.
• Evaluate the effectiveness and security of fintech platforms, APIs, and third-party integrations.
• Stay up-to-date with changes in regulatory requirements and industry practices affecting internal controls and risk management to adapt the audit strategy.
• Build and maintain strong working relationships with management and staff to facilitate effective audit processes and communication

Educational Qualification

• Bachelor's Degree in Accounting, Finance, Business Administration, or a related field.
• A Master’s Degree, professional certification (e.g., CPA, CIA, CISA) in related areas are preferred.

Other Requirements

• A professional internal auditor with minimum of 10+ years of experience in internal auditing, accounting, risk management, or compliance, with at least 5 years in aleadership role within fintech, banking, or financial services
• Strong knowledge of internal audit standards, methodologies, and regulatory requirements.
• Experience with auditing finance, regulatory compliance, and IT systems.
• Proficiency in risk assessment and internal control evaluation.
• Proven ability to influence stakeholders and drive organizational change
• Proficiency in using audit software and tools.

We are the place for you, if:

• You are uncompromising in searching for the best way to get things done. You can balance a healthy respect for rules with creative, high-impact ways to out-perform the status quo.
• You have deep experience in connecting strong teamwork abilities with outstanding individual execution.
• You are driven by creating meaningful impact for our users, and in the process delivering outstanding business results.

What’s in it for you
You’ll receive competitive compensation and benefits and the opportunity to build, lead and learn within a flat, performance-focused culture.