Job Description

Head of Audit & Control

Industry: Microfinance Banking
Location: Obanikoro, Lagos
Employment Type: Full-Time
Experience Level: 4 – 6 Years

The Head of Audit & Control will provide strategic leadership for the Bank's Internal Audit, Risk Management, Compliance, and Control functions. The role is responsible for ensuring operational integrity, financial accuracy, regulatory compliance, and effectiveness of internal control systems across the Bank.

The successful candidate will play a critical role in strengthening governance frameworks, mitigating operational and financial risks, and ensuring full compliance with all regulatory requirements applicable to Microfinance Banks in Nigeria.

Key Responsibilities

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  Lead and coordinate all internal audit and control activities across the Bank's operations and branches.
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  Develop and implement annual audit plans, risk-based audit frameworks, and internal control procedures.
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  Review operational processes, financial systems, and internal controls to identify risks, loopholes, and control gaps.
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  Ensure strict compliance with internal policies, CBN regulations, NDIC requirements, and other statutory obligations.
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  Conduct periodic operational, financial, compliance, and investigative audits across the organization.
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  Prepare comprehensive audit reports detailing findings, risk assessments, observations, and actionable recommendations.
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  Present audit findings and strategic recommendations to Executive Management and the Board Audit Committee.
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  Monitor and follow up on the implementation of corrective actions and audit recommendations.
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  Drive enterprise risk management initiatives and continuously improve governance and control processes.
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  Provide advisory support on fraud prevention, operational efficiency, compliance, and internal control best practices.
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  Coordinate regulatory examinations and maintain effective relationships with external auditors and regulatory agencies.
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  Ensure timely preparation and submission of all regulatory and statutory reports required for Microfinance Banks.
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  Develop and enforce policies that promote accountability, transparency, and operational discipline within the organization.

Requirements & Competencies

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  Minimum of 4 – 6 years' experience in Internal Audit, Risk Management, or Compliance within a financial institution or Microfinance Bank.
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  Prior experience in a senior audit leadership role is highly preferred.
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  Strong knowledge of internal audit methodologies, enterprise risk management, regulatory compliance, and corporate governance practices.
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  Extensive understanding of Microfinance Bank operations and regulatory reporting standards in Nigeria.
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  Strong analytical, investigative, and problem-solving skills with high attention to detail.
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  Excellent leadership, communication, presentation, and stakeholder management abilities.
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  High level of integrity, professionalism, confidentiality, and ethical conduct.
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  Strong report writing and documentation skills.
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  Ability to work independently and manage multiple priorities effectively.

Educational Qualification & Certifications

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  HND/B.Sc in Accounting, Finance, Economics, Banking, or any related discipline.
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  Must possess ACA/ICAN certification.
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  Additional professional certifications in Risk Management, Internal Audit, or Compliance will be an added advantage.

Compensation & Benefits

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  Competitive salary package
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  Performance-based incentives
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  Career growth and leadership opportunities
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  Professional development and continuous learning environment
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  Opportunity to work within a dynamic and professionally managed financial institution

Application Process

Interested and qualified candidates should send their updated CV and detailed Application Letter to:

hiring@mysigma.io

Subject of the mail: Head of Audit & Control – Obanikoro, Lagos