Ikeja, Lagos, NG
2d ago

Palmpay Limited – INTERNAL AUDIT MANAGER – Job Description

About us

PalmPay is a Pan-African fintech company currently operating in Nigeria, Ghana and Kenya and expanding to other markets in 2022. We’re reinventing the payments experience by making it easy and reliable for everyone to transfer money, pay bills and shop online.

As we work to scale to become Africa’s #1 payments brand, we are looking for an Internal Audit Manager who under general supervision, verifies the financial status and operating procedures of the company through a systematic program of audits. Interacts with administrative and enforcement agencies; monitors systems and solves problems.

As an Internal Audit Manager, you will be responsible for making recommendations to correct financial anomalies and positioning of the company for long-term success.

You'll train and develop procedures that mitigate fraud, so as to achieve the audit objectives and goals of the organization. You will also undertake functions to ensure effective management of an organization’s internal audit processes and procedures.


Job Description

  • Plan, organize and execute the internal control and compliance functions in line with regulatory requirements and industry best practices.
  • Ensures that the Bank is in compliance with various regulatory requirements and that employees are in adherence with internal procedures and policies.
  • Conduct risk assessment of business activities, departments, branches, functional areas continuously to ensure all risk exposures are proactively managed
  • Oversee internal, external and oversight audit of bank's operations, functional areas and departmental activities to ensure all infractions are properly handled and resolved
  • Ensure effective review of GL, bank Asset and liabilities accounts, investigation of errors and differences in accounts as well as carryout revenue assurance to prevent income leakage across product lines
  • Review of fees, interest rates & Loan application and disbursement processes for accuracy.
  • Track & monitor loan repayment, collections and default rates for anomalies in line with maximum acceptable limits
  • Timely rendition of periodic regulatory reports (CBN, NDIC, NFIU etc.), board reports and other adhoc reports.
  • Develop and implement fraud prevention procedures and processes to ensure effective transactions monitoring (Implementing tools to monitor transactions, identify attempted fraud and reports)
  • Monitor the strict adherence to governance and setting high standards of professionalism across the functions
  • Train and communicate new regulations on AML/KYC, Licensing requirements etc. with management or employees where applicable.



  • Minimum of First degree in accounting and other numerate discipline.
  • MBA or M.Sc in a relevant discipline will be added advantage.
  • Knowledge of legal and regulatory framework, regulatory environment, credit analysis/appraisal, financial & operational audit of organizations.
  • Previous experience in Management and proficient use of accounting software E.g Quickbooks, Peachtree, SAP
  • Relevant professional qualification such as ICAN/ACCA/CIS/CFA/CISA/ACAMS and other relevant professional certifications.
  • A minimum of five (5) years post-qualification experience, four (3) of which must have been in the financial service industry and at least (2) years at the senior management level.
  • Strong interpersonal skills, written & verbal communication and strong cross functional

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