Financial Controller at MoMo Payment Service Bank

MoMo

Company: MoMo Payment Service Bank (MoMo PSB)
Location: Lagos State, Nigeria
Employment Type: Full-time
Experience Required: 10 to 13 years
Leadership Experience: Minimum of 3 years
Application Deadline: 13 November 2026

Job Overview

MoMo Payment Service Bank is recruiting an experienced Financial Controller to lead its financial control and reporting function in Lagos.

The successful candidate will oversee financial reporting, accounting operations, regulatory compliance, internal controls, and financial governance. The role also involves managing financial records, strengthening balance sheet controls, coordinating audit activities, and ensuring the timely preparation of accurate financial statements.

The Financial Controller will work closely with the Chief Financial Officer (CFO) and other business units to improve financial governance, manage financial risks, and support strategic business decisions.

About MoMo Payment Service Bank

MoMo Payment Service Bank (MoMo PSB) is a financial technology subsidiary of MTN Nigeria. The organisation is licensed by the Central Bank of Nigeria (CBN) to provide technology-driven financial services and promote financial inclusion across Nigeria.

Following the final approval of its Payment Service Bank licence by the CBN, MoMo PSB commenced operations on 17 May 2022.

The organisation focuses on delivering accessible and secure financial solutions to individuals, communities, and businesses, particularly underserved and unbanked populations.

Key Responsibilities

The Financial Controller will be responsible for the following:

1. Financial Control and Governance

  1. Develop, implement, and maintain effective financial control frameworks, accounting policies, and governance processes.
  2. Review and approve accounting entries, provisions, accruals, and financial adjustments to ensure accurate financial reporting.
  3. Strengthen internal controls to safeguard company assets, reduce financial risks, and prevent control breaches.
  4. Ensure compliance with accounting standards, tax regulations, statutory reporting obligations, and internal governance requirements.
  5. Provide financial oversight and accounting guidance for new business initiatives, products, projects, and strategic investments.

2. Financial Reporting and Accounting Operations

  1. Lead the preparation and review of monthly, quarterly, and annual financial statements in accordance with International Financial Reporting Standards (IFRS).
  2. Oversee month-end and year-end financial closing processes.
  3. Ensure that financial transactions are accurately recorded and reported within agreed timelines.
  4. Manage the General Ledger and Chart of Accounts to maintain complete and reliable financial information.
  5. Prepare financial analyses, management reports, and performance insights to support executive decision-making.
  6. Manage regulatory, statutory, and financial reporting submissions in accordance with applicable requirements and deadlines.

3. Internal Controls and Balance Sheet Management

  1. Drive balance sheet governance through regular reviews of account reconciliations.
  2. Ensure outstanding reconciliation items are investigated and resolved.
  3. Monitor the effectiveness of financial controls and recommend improvements.
  4. Identify financial control weaknesses and implement corrective measures.
  5. Support liquidity oversight and broader financial governance initiatives.

4. Regulatory Compliance and Audit Management

  1. Ensure compliance with relevant financial reporting standards and regulatory requirements.
  2. Work with Risk, Compliance, Technology, Operations, and other business units to address financial control issues.
  3. Coordinate internal and external audit activities.
  4. Ensure audit findings are addressed promptly and corrective actions are implemented.
  5. Maintain appropriate documentation and reporting processes to support regulatory and statutory compliance.

5. Financial Leadership and Business Support

  1. Lead, mentor, and develop the Financial Control team.
  2. Promote a high-performance culture and strengthen technical accounting capabilities.
  3. Support the CFO in improving financial governance, liquidity oversight, and finance transformation initiatives.
  4. Provide financial guidance to business units on new products, projects, and strategic investments.
  5. Drive automation, process optimisation, and continuous improvement across financial reporting and accounting operations.

Requirements and Qualifications

Educational Qualifications

Interested candidates must possess:

  1. A Bachelor’s degree in Accounting, Finance, Economics, or a related discipline.
  2. A recognised professional accounting qualification, such as:
    • Institute of Chartered Accountants of Nigeria (ICAN).
    • Associate Chartered Accountant (ACA).
    • Association of Chartered Certified Accountants (ACCA).
    • Association of National Accountants of Nigeria (ANAN).
    • An equivalent professional accounting qualification.

Work Experience

Applicants must have:

  1. Between 10 and 13 years of relevant experience in Financial Control, Financial Reporting, Audit, or Corporate Finance.
  2. At least three years of experience in a leadership role.
  3. Experience in the banking or financial technology industry is preferred.
  4. A good understanding of financial services regulatory environments and applicable regulatory policies.

Technical Skills and Competencies

Candidates should demonstrate:

  1. Strong knowledge of International Financial Reporting Standards (IFRS).
  2. Good understanding of financial reporting standards and accounting principles.
  3. Strong knowledge of internal controls and financial governance.
  4. Knowledge of taxation and regulatory compliance requirements.
  5. Ability to manage financial reporting and accounting operations.
  6. Strong financial analysis, problem-solving, and decision-making skills.
  7. Leadership and team management capabilities.

Job Details

Employment detail Information
Position Financial Controller
Organisation MoMo Payment Service Bank
Location Lagos, Nigeria
Employment type Full-time
Required experience 10 to 13 years
Leadership experience At least 3 years
Professional qualification ICAN, ACA, ACCA, ANAN, or equivalent
Salary Not specified
Application deadline 13 November 2026

How to Apply

Interested and qualified candidates should submit their applications through the official MoMo Payment Service Bank recruitment portal.

Application Link: The original vacancy announcement provides a link labelled “Click here to apply online”, but the actual application URL was not included in the supplied information.

Applicants should use the official recruitment link provided by MoMo PSB when submitting their applications.

Application Deadline: 13 November 2026.

Data Privacy Notice

MoMo Payment Service Bank states that all job applications will be processed in accordance with its privacy notice.

Applicants can review the notice through the following link:

https://bit.ly/momo-priv-policy

To apply for this job please visit bit.ly.

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