Internal Audit & Compliance Specialist Job at Credpal

Credpal is an innovative solution that seeks to combat the ever complex loan approval process that has deterred millions from achieving specific goals over the years. We believe quality of life can be drastically improved if individuals can easily make purchases and pay overtime at their convenience with reduced or no financial pressure, while also increasing their purchasing capabilities.

We are recruiting to fill the position below:

Job Position: Internal Audit & Compliance Specialist

Job Location: Yaba, Lagos
Job Type: Full Time
Department: Finance

Purpose Statement

• The Internal Audit & Compliance Specialist will play a crucial role in ensuring the companys adherence to internal policies, regulatory requirements, and industry best practices.
• This role involves conducting thorough audits of operational processes, financial transactions, and compliance frameworks, identifying potential risks, and recommending appropriate corrective actions.
• The manager will collaborate closely with various departments to promote a culture of compliance and continuous improvement.

Responsibilities

• Conduct comprehensive internal audits to assess the effectiveness of operational processes, financial controls, and compliance procedures.
• Evaluate and document internal controls, identifying weaknesses, and proposing enhancements to mitigate risks.
• Develop and execute audit plans, schedules, and testing procedures to ensure timely and accurate assessments.
• Assist in the development and maintenance of compliance policies, procedures, and documentation.
• Provide training and guidance to employees on compliance-related matters to promote awareness and understanding.
• Support external audits, regulatory examinations, and inquiries as needed, including data collection and preparation of relevant documentation.
• Participate in special projects and initiatives related to process improvement, risk assessment, and compliance enhancement.
• Collaborate with cross-functional teams to gather and analyze data, ensuring accuracy and completeness during audit processes.
• Prepare detailed audit reports, including findings, recommendations, and action plans for management review.
• Monitor and track the implementation of audit recommendations to ensure timely and effective resolution.
• Stay updated on regulatory changes, industry standards, and best practices to ensure compliance with applicable laws and regulations.
• Foster a culture of compliance by promoting ethical behavior and best practices across the organization.

Requirements

• Bachelor's Degree in Accounting, Finance, Business Administration, or related field. Master's Degree or relevant certifications (e.g., Certified Internal Auditor, Certified Regulatory Compliance Manager) is a plus.
• 5+ years of experience in internal auditing, compliance, or related fields.
• Strong understanding of regulatory requirements, industry standards, and best practices.
• Proficiency in using audit software, data analysis tools, and Microsoft Office suite.
• Ability to work independently and collaboratively in a team-oriented environment.
• Proficiency in conducting audits, risk assessments, and control evaluations.
• Excellent analytical skills with the ability to identify trends, patterns, and anomalies.
• Effective communication skills, both written and verbal, to convey audit findings and recommendations.
• Detail-oriented with a high level of accuracy and strong organizational skills.
• High level of integrity and ethical standards.

Benefits

• Professional development opportunities.
• A collaborative and inclusive work culture that fosters growth and innovation.
• Opportunity to work with cutting-edge products and technologies.
• Supportive and approachable management team dedicated to your success.