Internal Audit Associate Job at FairMoney

FairMoney is building the leading mobile bank for emerging markets. We started with a digital microcredit application on Android, and currently roll out additional financial services (current account, savings, debit card) while expanding the product to Western Africa and South-East Asia.

We are recruiting to fill the position below:

Job Position: Internal Audit Associate

Job Location: Lagos, Nigeria
Department: Finance
Job type: Full time

About the Role

  • To assist the Head, Internal Audit & Control in ensuring the system of internal control is adequate to achieve management objectives in an efficient and effective manner, established procedures are being properly followed, assets are safeguarded and that resources are judiciously utilized, Management information is sound and adequate, risk management and analysis framework are developed and enhanced.

Roles and Responsibilities

  • Assist in developing the annual internal audit plan based on a risk assessment of the bank's operations.
  • Identify key areas of risk and establish appropriate audit objectives, scope, and methodologies.
  • Coordinate with relevant departments to schedule and conduct audit activities.
  • Assess the effectiveness of risk mitigation measures and recommend improvements as necessary.
  • Monitor the implementation of corrective actions resulting from audit findings and verify their effectiveness.
  • Communicate audit findings, recommendations, and areas of improvement to management and relevant stakeholders.
  • Conduct internal audits to assess the adequacy and effectiveness of internal controls, risk management, and compliance with policies, procedures, and regulations.
  • Perform detailed testing of transactions, financial records, and operational activities to identify weaknesses and areas for improvement.
  • Document audit procedures, findings, and recommendations in clear and concise audit reports.
  • Evaluate the bank's risk management framework and internal control systems to identify potential areas of vulnerability or non-compliance.
  • Prepare clear and concise audit reports summarizing audit objectives, scope, procedures, findings, and recommendations.
  • Participate in meetings with management to discuss audit results, provide advice, and support the implementation of audit recommendations.


  • First Degree in Accounting, Finance, Business Administration or any related field.
  • A minimum of 5 years of experience in Internal Audit, Risk management, or Compliance within the banking sector is preferred.
  • Professional qualification(s) such as ACA, ACCA, CISA, or CIA is a mandatory requirement
  • Excellent working knowledge of Excel, Word & Outlook (MS Office in general)
  • Detail-oriented and organized, with the ability to manage multiple audit assignments simultaneously.
  • Solid understanding of MFB operations, financial products, and regulatory requirements in Nigeria.
  • Strong analytical skills with the ability to identify risks, assess controls, and recommend practical solutions
  • Great (proven) interpersonal skills, and oral and written communication skills


  • Training & Development
  • Work From Home
  • Paid Time Off
  • Pension Plan
  • Private Health Insurance

Recruitment Process

  • A screening interview with one of the members of the Talent Acquisition team for 30 minutes.
  • Technical Interview with the Hiring Manager for 45-60 minutes.
  • Final stage interview with Managing Director - Henry Obiekea