Internal Auditor Fintech

Our client is a leading fintech solutions company that provides software solutions for Core Banking Micro Finance Switching and Electronic Payments recognised as one of the most tech-savvy software groups globally serving more than 200 finance organizations spanning across more than 30 countries across 4 continents.

Job Purpose
The Internal Auditor is responsible for independently evaluating and improving the effectiveness of governance risk management internal controls and operational processes across all departments the organisation. The role provides objective assurance to the CEO by identifying process gaps operational inefficiencies compliance risks financial irregularities and opportunities for continuous improvement. The Internal Auditor shall maintain complete independence and objectivity while conducting audits across all business units.

Key Responsibilities

1. Internal Audit Planning

• Develop and implement the annual risk-based internal audit plan.
• Conduct periodic risk assessments across all departments.
• Prioritize audit assignments based on business risk and management concerns.
• Present the annual audit plan to the CEO for approval.

2. Operational Audits

• Conduct operational audits across all departments including but not limited to:
  - Human Resources
  - Finance & Accounts
  - Procurement
  - Administration
  - Information Technology
  - Software Development
  - Information Security
  - Customer Support
  - Projects
  - Sales & Marketing
  - Legal & Compliance
  - Facilities
  - Regional Offices
  - Subsidiaries and Branch Operations
• Review processes for:
  - Efficiency
  - Productivity
  - Resource utilization
  - Policy adherence
  - Internal controls
  - Business continuity

3. Financial Audits

• Verify financial transactions and accounting records.
• Review revenue recognition processes.
• Audit expenditure controls.
• Assess payroll accuracy.
• Verify procurement and payment processes.
• Review fixed assets.
• Conduct inventory verification where applicable.
• Review statutory deductions and tax compliance.

4. Compliance Audits

• Ensure compliance with:
  - Company Policies
  - SOPs
  - Regulatory requirements
  - Labour laws
  - Tax laws
  - Data Privacy regulations
  - ISO Standards
  - Information Security standards
  - Customer contractual obligations
  - Internal approval matrices
  
  

5. IT & Information Security Audits

• Working closely with the Information Security team:
  - Review system access controls.
  - Audit user access rights.
  - Evaluate cybersecurity controls.
  - Review backup and disaster recovery processes.
  - Audit software development controls.
  - Review change management procedures.
  - Evaluate logical and physical security controls.
  
  
  

6. Risk Management

• Identify enterprise risks.
• Assess effectiveness of existing controls.
• Recommend mitigation measures.
• Maintain departmental risk registers.
• Escalate high-risk findings immediately.

7. Investigations

• Conduct independent investigations into:
  - Fraud
  - Financial misconduct
  - Policy violations
  - Conflict of interest
  - Data breaches
  - Whistleblower complaints
  - Asset misuse
  - Process manipulation
• Prepare investigation reports with factual findings and recommendations.

8. Internal Controls

• Evaluate adequacy of internal controls.
• Recommend stronger preventive and detective controls.
• Review segregation of duties.
• Identify control weaknesses.
• Monitor implementation of corrective actions.

9. Audit Reporting

• Prepare detailed audit reports.
• Rate audit observations based on risk.
• Present findings to the CEO.
• Track closure of audit observations.
• Follow up on corrective action plans.

10. Process Improvement

• Recommend automation opportunities.
• Identify cost-saving initiatives.
• Simplify business processes.
• Improve operational efficiency.
• Promote best practices across departments.
  
  

11. Governance

• Support good corporate governance by:
  - Maintaining independence.
  - Ensuring ethical conduct.
  - Protecting confidential information.
  - Reporting significant risks promptly.
  - Supporting management in strengthening organizational controls.

Key Performance Indicators (KPIs)

• Annual Audit Plan completion (%)
• Number of audits completed against plan
• Audit report turnaround time
• Percentage of audit findings closed within agreed timelines
• Repeat audit findings
• Cost savings identified through audits
• Fraud detection and prevention effectiveness
• Compliance score improvements
• Number of high-risk issues identified
• Reduction in operational risks
• Process improvement recommendations implemented

Qualifications

• Bachelors Degree in Accounting Finance Business Administration Information Systems or related field.
• CPA (K) ACCA CIA or equivalent professional qualification is mandatory.
• CISA certification will be an added advantage.
• ISO 27001 Lead Auditor certification is desirable.
  

Experience

• Minimum 710 years of experience in Internal Audit Risk Management External Audit or Compliance.
• Experience auditing technology companies financial services or fintech organizations will be highly preferred.
• Experience in ERP systems and technology audits.
• Experience conducting operational and investigative audits.

The role has the authority to request information from any department necessary to complete audit assignments and shall report significant findings directly to the CEO without operational interference.

Success Profile
The successful candidate will act as an independent business assurance partner who proactively identifies risks strengthens governance enhances operational efficiency safeguards company assets and promotes a culture of accountability and continuous
improvement across the company.