Senior Internal Audit, Compliance and Control Officer

Key Responsibilities

Internal Audit and Assurance:

Develop and execute risk-based internal audit plans in line with the Company's operational and financial objectives.

Conduct periodic audits of financial records, operational processes, departmental activities and business transactions.

Review the accuracy, completeness and reliability of financial statements, accounting records and supporting documentation.

Evaluate the adequacy and effectiveness of internal controls across all departments.

Conduct surprise audits and periodic reviews to identify irregularities, control weaknesses and non-compliance.

Prepare detailed audit reports highlighting findings, risks, control gaps and recommendations.

Follow up on previously identified audit issues to ensure timely implementation of corrective actions.

Maintain proper audit documentation and working papers for reference and management review.

Internal Controls and Risk Management:

Evaluate existing internal control systems and recommend improvements to minimise financial and operational risks.

Review compliance with approved financial authority limits, expenditure procedures and approval workflows.

Identify potential fraud risks, financial leakages, operational inefficiencies and control deficiencies.

Assess the effectiveness of segregation of duties across departments.

Review access controls and authorisation levels for financial and operational systems.

Recommend appropriate control measures to safeguard Company assets, funds, records and information.

Support the development, review and implementation of internal control policies and procedures.

Monitor the implementation of approved risk mitigation measures.

Financial and Operational Auditing:

Conduct reviews of revenue, expenses, payroll, procurement, inventory, reconciliations and other financial activities.

Verify the accuracy and completeness of financial transactions and supporting documents.

Review bank reconciliations, payment schedules, receipts, invoices and expenditure claims.

Examine procurement activities to ensure compliance with approved procedures and budgetary limits.

Review inventory records and conduct periodic physical stock verification.

Identify unauthorised transactions, duplicate payments, unusual financial activities and potential revenue losses.

Assess the effectiveness of financial reporting and accounting processes.

Review departmental operational activities to ensure compliance with approved procedures and service standards.

ERP and System Controls (SAGE 200):

Review the integrity and accuracy of financial and operational records maintained on the Company's SAGE 200 ERP platform.

Assess user access rights and system authorisation levels to ensure that access is appropriately restricted.

Monitor compliance with approved transaction posting procedures and financial approval workflows.

Review system-generated reports and transaction logs to identify unusual or unauthorised activities.

Verify the accuracy of daily transaction postings and financial records.

Identify weaknesses in ERP controls and recommend appropriate corrective measures.

Ensure that system access and transaction approval processes comply with the Company's internal control framework.

Collaborate with the IT and Finance departments to strengthen system controls and data integrity.

Fraud Prevention and Investigation:

Identify potential fraudulent activities, financial misconduct and deliberate violations of Company policies.

Conduct preliminary reviews and investigations into reported financial irregularities and control breaches.

Examine supporting documentation, transaction records and available audit trails to establish facts.

Document investigation findings and submit reports to Management.

Recommend corrective and preventive measures to minimise the recurrence of fraud.

Monitor the implementation of approved fraud prevention and control measures.

Maintain confidentiality and exercise professional judgement when handling sensitive investigations.

Compliance and Policy Enforcement:

Monitor compliance with Company policies, financial procedures, departmental SOPs and operational guidelines.

Review departmental adherence to regulatory requirements applicable to the Company's business operations.

Assess compliance with approved Service Level Agreements (SLAs) and internal performance standards where relevant.

Identify policy violations and report significant breaches to Management.

Support internal reviews of Company policies and recommend updates where necessary.

Ensure that audit activities are conducted in accordance with applicable professional auditing standards and ethical requirements.

Support regulatory and external audit exercises by providing relevant documentation and audit evidence.

Audit Reporting and Management Advisory:

Prepare comprehensive internal audit reports for Management.

Communicate audit findings, control deficiencies and risk exposures to relevant department heads.

Recommend practical solutions to address identified weaknesses and improve operational effectiveness.

Provide periodic updates on outstanding audit findings and corrective action implementation.

Advise Management on emerging financial, operational and compliance risks.

Participate in management meetings where audit findings and internal control matters are discussed.

Maintain an audit issue register to monitor findings, responsible officers, agreed actions and implementation timelines.

Departmental Collaboration and Supervision:

Work closely with Finance, Operations, IT, Human Resources, Procurement and other departments to strengthen internal controls.

Provide guidance to junior audit personnel and review their audit work where applicable.

Ensure that audit assignments are completed within approved timelines.

Promote awareness of internal controls, risk management and compliance across the organisation.

Maintain professional independence and objectivity when interacting with other departments.

Escalate significant control weaknesses and unresolved audit issues to the appropriate authority.

Minimum qualifications

BA/BSc/HND

How to apply

Interested and qualified candidates should send their CV to: recruitment@epayplusng.com using the Job Title as the subject of the email.

Similar open roles

• Treasury ManagerDele Pharmaceuticals · Kwara
• Financial Reporting AccountantDele Pharmaceuticals · Kwara
• Head, Internal Audit and Compliance, LekkiOutsource Company · Lagos
• Tax ManagerDele Pharmaceuticals · Kwara
• Finance Business PartnerDele Pharmaceuticals · Kwara
• Tax ManagerInternational Breweries · Lagos