Internal Audit Officer

Job Purpose:

The Internal Audit Officer will be responsible for leading the internal audit function and ensuring the organisation maintains strong governance, effective internal controls, sound risk management practices, and full regulatory compliance within the financial services sector.

As the Internal Audit Officer, you will be responsible for developing and implementing a risk-based annual audit plan aligned with the organisation’s risk profile and regulatory expectations. You will ensure audits are conducted professionally, in accordance with internal policies and recognised auditing standards, and that findings are clearly communicated and effectively resolved.

Job Description:

Audit Planning & Execution

• Develop and implement the annual risk-based internal audit plan across the group.
• Lead and manage internal audit assignments across all business units.
• Conduct operational audits across the business at intervals.
• Ensure audits are completed on time and within budget.

Risk Assessment & Internal Controls

• Evaluate the effectiveness of internal controls and risk management systems.
• Recommend practical improvements to strengthen controls.
• Monitor high-risk desks, including finance, treasury, trading, compliance, etc.

Regulatory & Compliance Oversight

• Ensure adherence to applicable financial regulations and industry standards.
• Monitor compliance with the bank (BoG, CBN, etc), regulatory authorities, and internal policies/processes.
• Stay updated on regulatory changes affecting the industry we operate in.

Reporting & Communication

• Prepare clear and concise audit reports for senior management and the Audit Committee.
• Track implementation of agreed action plans and follow up on open issues.

 Fraud & Investigation Support

• Assist in fraud investigations and special reviews.
• Identify potential fraud risks and recommend preventive controls.

 Process & Team Management

• Suggest improvements to operational efficiency and cost control.
• Promote best practices in governance and internal control.
• Support automation and use of audit analytics tools.
• Provide technical guidance on complex audit matters.
• Foster a culture of integrity, accountability, and continuous improvement.

Knowledge, Skills and Abilities Required

• Bachelor’s degree in accounting, finance, business administration, or a related field.
• Professional certification (CIA, CRMA, CFE, IAP, etc.) is required.
• Minimum of 4 years of experience in internal audit, external audit, or risk management within financial services.
• Strong knowledge of banking/financial products.
• Understanding of regulatory frameworks and compliance requirements.
• Highly analytical with prompt attention to detail. 
• Integrity and high professional ethics