• Application Deadline:
• Position: Senior Internal Audit, Compliance and Control Officer



• Job Type Full Time



• Qualification BA/BSc/HND



• Experience



• Location Lagos




• Job Field Finance / Accounting / Audit 
  
  

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.