Senior Vice President, Internal Audit at Flutterwave Full Time

Job Title: Senior Vice President, Internal Audit

Location: Lekki, Lagos
Job type: Full-time
Department: Internal Audit

The Role

• Flutterwave is seeking a Senior Vice President, Internal Audit who serves as the Chief Audit Executive (“CAE”), shall report functionally to the Board Audit Risk and Compliance Committee (“BARCC”), and report administratively to the CEO, Flutterwave.
• The primary responsibility of the CAE is to provide assurance to executive management, BARCC and the Board on the effectiveness of the Group’s governance, risk management, and the internal control processes within Flutterwave (‘the Group’).

Roles and Responsibilities

• Supervise the operations of the Group Internal Audit Function (GIAF) and provide leadership and counsel to the team members.
• Develop and periodically review the Group IA charter, policies, procedures, strategies, for the Board’s approval, and in line with regulatory requirements, the provisions of the Global Internal Audit Standards and other leading practices.
• Confirm to the Board, at least annually, the organizational independence of the GIAF.
• Coordinate with other internal and external assurance providers to ensure proper coverage and minimize duplication of efforts.

Internal Audit Planning, Execution and Reporting:

• Develop and periodically review an annual risk-based audit plan to set out the priorities of the GIAF, consistent with the Group’s objectives, and to ensure optimal deployment of resources to priority audit areas, including key strategic, operational, financial, IT, Cyber, Anti-Money Laundering (AML), compliance, Insider Risk and other emerging risks facing the organization.
• Communicate the internal audit plan and resource requirements to senior management and the BARCC for review and approval.
• Oversee the development and execution of comprehensive audit programs aligned with the audit plan.
• Establish a follow-up process to monitor and ensure that management actions have been effectively implemented or that senior management has accepted the risk of not taking action.
• Coordinate the planning and execution of advisory engagements and ad hoc requests made by the Board and/or senior management, so long as they do not impair the independence and objectivity of the function.
• Implement a Quality Assurance and Improvement Program (QAIP) that covers all aspects of the internal audit function and communicate its results to the Board and senior management annually.
• Report quarterly to the BARCC on the outcome of audits and other activities carried out by the Function.

Investigation/Forensic Audit Management:

• Ensure quality of reports and documentation such that documentation produced can be suitable to withstand detailed scrutiny when tendered as evidence in courts of law.

Audit Team Management:

• Develop a strategy to ensure that the function has access to the skills and competencies required to execute its mandate
• Liaise with Group People and Culture Function and assist in identifying and interviewing prospective internal audit personnel
• Ensure development of job descriptions for each level of the audit staff, to guide the selection of individuals who are qualified and competent
• Ascertain skill gaps of internal audit personnel on an on-going basis, develop and update the annual training plan incorporating skills gap noted for all levels of internal audit personnel
• Prepare performance evaluations for all internal audit personnel in accordance with the Group’s performance appraisal system, and other recommended competency frameworks of the Institute of Internal Auditors (IIA)
• Ability to build and lead a team of auditor with prior experience in building teams in Fintech is a plus
• Prior experience with emerging market could be very helpful
• Provide routine coaching, training and continuing educational opportunities for each audit staff, in order to develop knowledge, skills and maximize performance.

Requirements

• Bachelor’s Degree in Accounting, Finance, Business Administration, or a related field
• Minimum of 15 years audit experience, including risk-based internal audit experience with excellent knowledge of internal control concepts and auditing techniques
• A comprehensive understanding of the Global Internal Audit Standards (IIA), and leading internal audit practices
• At a minimum have a Certified Internal Auditor (CIA) designation or other relevant professional education, certifications, and credentials (E.g., ACA, ACCA, CPA, CISA, CRISC, CRMA or CFE)
• SoX and IT Audit experience (strongly preferred)
• Practical internal audit or related experience at senior management level is necessary
• Strong knowledge of the business processes within the fintech industry

What excites us:

• Experience in a fast-paced, high-growth Financial technology company (especially in payments) is highly preferred
• Knowledge of internal audit’s role in corporate governance and its key relationships with the Board, and senior management
• Must possess skills to conduct business process reviews, compliance reviews, evaluate operations, recommend controls, protect assets, and improve the bottom line
• Must have an awareness of relevant technologies and audit automation tools to improve the effectiveness of the audit function
• Knowledge and ability to apply control models such as the COSO Internal Control framework
• Deep knowledge and ability to oversee the audit of IT applications, databases, operating systems, infrastructure, and networks
• Leadership & Management Behavioural Competencies
• Good project management skills
• Ability to provide sound business judgment, strategic thinking, and broad financial and business perspective across the organization
• The ability to manage the expectations of the Group business and its stakeholders
• Passion and proven ability to cultivate top talent, build, and lead diverse, cross-functional, and cross-border teams
• Ability to enhance the visibility and positioning of the GIAF in the organization
• Lead the GIAF’s relationship with regulatory stakeholders
• Excellent presentation and communication skills
• Strong negotiation skills
• Ability to work effectively with a diverse team

Application Closing Date
Not Specified.