Internal Control Officer at Electronic Payplus Limited

Electronic Payplus Limited is recruiting an Internal Control Officer to monitor internal control procedures, review financial transactions, assess operational risks and ensure compliance with company policies and regulatory requirements.

Job Title: Internal Control Officer
Company: Electronic Payplus Limited
Location: Ibeju Lekki, Lagos State
Employment Type: Full-time
Industry: Banking and Financial Services / Electronic Payments
Application Deadline: 16 November 2026

Job Overview

Electronic Payplus Limited is recruiting an Internal Control Officer to monitor internal control procedures, review financial transactions, assess operational risks and ensure compliance with company policies and regulatory requirements.

The successful candidate will identify control weaknesses, investigate irregularities, monitor transaction records on the company’s SAGE 200 ERP platform and recommend improvements to strengthen operational and financial controls.

The role also involves working with different departments to promote compliance, prevent financial leakages and improve organisational efficiency.

About Electronic Payplus Limited

Electronic Payplus Limited is a Nigerian smart-card and electronic payment solutions provider. Incorporated in 2004 and operational since 2005, the company provides card manufacturing, personalisation and electronic payment solutions.

The company operates a purpose-built smart card personalisation bureau in Nigeria and provides services within the electronic payments industry.

Key Responsibilities

1. Internal Control Monitoring

• Monitor the implementation and effectiveness of internal control procedures across departments.
• Conduct routine checks to ensure employees comply with approved company policies, procedures and operational guidelines.
• Monitor adherence to established approval limits and authorisation procedures.
• Identify control gaps, irregularities and weaknesses in departmental processes.
• Maintain records of identified control exceptions and monitor their resolution.
• Ensure appropriate segregation of duties across operational and financial processes.
• Escalate significant control breaches and recurring non-compliance to the Senior Internal Audit and Control Officer.
• Review departmental activities to identify potential risks and recommend preventive measures.

2. Financial Transaction Monitoring

• Identify and report unauthorised transactions and potential financial leakages.
• Review bank reconciliation reports and other assigned financial schedules.
• Monitor compliance with expenditure approval limits and budgetary controls.
• Review daily transaction postings and supporting documentation on the company’s accounting systems.
• Identify duplicate payments, unusual entries and possible financial irregularities.
• Verify payment requests, invoices, receipts and other financial documents against approved procedures.
• Ensure financial transactions are properly authorised, documented and supported by relevant evidence.

3. ERP and SAGE 200 Monitoring

• Monitor the accuracy and completeness of transactions recorded on the company’s SAGE 200 ERP platform.
• Verify that transactions have appropriate supporting documentation and approvals.
• Conduct routine reviews of transaction postings to identify errors, omissions and unusual activities.
• Monitor compliance with daily transaction posting requirements and approved system access procedures.
• Report ERP-related control weaknesses to the Senior Internal Audit and Control Officer.
• Collaborate with Finance and IT teams to improve system controls and data integrity.
• Identify unauthorised modifications and inconsistencies in financial and operational records.

4. Departmental SOP and Policy Compliance

• Monitor departmental compliance with approved Standard Operating Procedures (SOPs).
• Conduct periodic reviews to ensure employees follow documented operational processes.
• Verify compliance with internal memos, management directives and approved company policies.
• Identify and document instances of non-compliance.
• Follow up with departmental heads on outstanding compliance issues.
• Recommend process improvements where existing procedures create control weaknesses.
• Report repeated violations to the Senior Internal Audit and Control Officer.
• Ensure departments maintain appropriate records of their activities.

5. Operational Control and Risk Monitoring

• Monitor inventory movement, stock records and asset utilisation.
• Review compliance with established Service Level Agreements (SLAs), where applicable.
• Identify unauthorised use, movement or disposal of company property.
• Conduct periodic physical verification of company assets and inventory as assigned.
• Identify operational risks that could affect service delivery, revenue, productivity or customer satisfaction.
• Monitor compliance with workplace security and access control procedures.
• Recommend measures to prevent operational losses and improve efficiency.
• Review operational activities to ensure compliance with approved processes and service standards.

6. Compliance and Regulatory Monitoring

• Monitor the status of required operational licences, certifications and renewals.
• Identify and report compliance gaps and potential regulatory exposures.
• Follow up on corrective actions arising from compliance reviews.
• Assist in preparing compliance reports for Management.
• Monitor employee and departmental compliance with applicable internal policies and regulatory requirements.
• Maintain compliance monitoring records and supporting documentation.

7. Fraud Prevention and Exception Reporting

• Monitor transactions and operational activities for unusual patterns and potential fraudulent activities.
• Identify suspicious transactions, unauthorised approvals and policy violations.
• Document and report suspected fraud, misconduct and financial irregularities.
• Review exceptions and discrepancies identified during routine control checks.
• Maintain an exception register showing identified issues, responsible departments and corrective actions.
• Support investigations conducted by the Senior Internal Audit and Control Officer or Management.
• Ensure significant irregularities are promptly escalated.

8. Reporting and Documentation

• Prepare periodic internal control monitoring reports.
• Document control exceptions, compliance gaps and operational irregularities.
• Provide timely updates to the Senior Internal Audit and Control Officer.
• Prepare follow-up reports on outstanding corrective actions.
• Recommend practical improvements to strengthen internal control processes.
• Maintain proper records of control reviews and supporting evidence.
• Protect the confidentiality of financial, operational and employee-related information obtained during control activities.

9. Departmental Collaboration

• Work with Finance, Operations, IT, Human Resources, Procurement and other departments to promote compliance.
• Participate in internal control awareness and compliance initiatives.
• Assist in communicating changes to internal control procedures.
• Follow up with departmental representatives on identified control weaknesses.
• Provide guidance to employees on approved control procedures and documentation requirements.
• Perform other related duties assigned by the Senior Internal Audit and Control Officer or an authorised Management representative.

Requirements and Qualifications

The original vacancy announcement does not specify the required academic qualification, professional certification or minimum years of work experience.

Candidates should review the employer’s application instructions and confirm any additional eligibility requirements before applying.

Salary and Benefits

The salary range and employee benefits were not disclosed in the vacancy announcement.

How to Apply

Interested and qualified candidates should send their updated CV to:

Email: recruitment@epayplusng.com

Email Subject: Internal Control Officer

Applicants should use the advertised job title as the subject of their email.

Application Deadline: 16 November 2026.