Internal Control Officer at FairMoney

FairMoney is a pioneering mobile banking institution specializing in extending credit to emerging markets. Established in 2017, the company currently operates primarily within Nigeria, and it has secured nearly €50 million in funding from renowned global investors, including Tiger Global, DST, and Flourish Ventures.

In alignment with its vision, FairMoney is actively constructing the foremost mobile banking platform and point-of-sale (POS) solution tailored for emerging markets. The journey began with the introduction of a digital microcredit application exclusively available on Android and iOS devices. Today, FairMoney has significantly expanded its range of services, encompassing a comprehensive suite of financial products, such as current accounts, savings accounts, debit cards, and state-of-the-art POS solutions designed to meet the needs of both merchants and agents.

About This Role

As an Internal Control Officer, you will play a pivotal role in safeguarding the organization’s assets, ensuring compliance with internal policies, and mitigating risks. Your responsibilities will include performing routine checks, validating documentation, and identifying potential risks or control weaknesses. Working closely with the Head of Internal Audit and Control, you will contribute to the continuous improvement of processes and ensure adherence to regulatory and operational standards.

Key Responsibilities

• Perform routine checks on business processes, transactions, and activities to ensure adherence to internal controls.
• Review and validate documentation to ensure accuracy and completeness of records.
• Identify red flags and control weaknesses in business processes that could lead to fraud or operational risks.
• Conduct investigations into suspected irregularities and report findings to the Head of Internal Audit and Control.
• Proactively identify control deficiencies and recommend practical solutions to enhance processes.
• Collaborate with business units to ensure the implementation of corrective actions to address control gaps.
• Support the periodic review and update of company policies and procedures to reflect regulatory changes or business developments.
• Conduct pre- and post-payment reviews of financial transactions, particularly those related to bonuses and vendor payments.
• Work closely with the Head of Internal Audit and Control to monitor whistleblowing channels and ensure proper documentation and investigation of reported cases.
• Carry out any additional tasks or responsibilities as assigned by the Head of Internal Audit and Control.

• 3–5 years of experience in internal control, preferably in the financial services sector.
• Bachelor’s degree in Accounting, Finance, or a related numerate discipline.
• ACA or ACCA certification preferred; candidates significantly advanced in obtaining the certification will also be considered.
• Familiarity with internal control frameworks such as COSO.
• Demonstrated ability to design and assess control mechanisms for risk mitigation.
• Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint).
• Strong ability to detect discrepancies and irregularities in processes and transactions.
• Excellent analytical skills.
• Excellent critical thinking and decision-making skills to effectively address control weaknesses.