Senior Internal Audit, Compliance and Control Officer at Electronic Payplus Limited

Electronic Payplus Limited is recruiting a Senior Internal Audit, Compliance and Control Officer to strengthen its internal audit, risk management and compliance functions.

Job Title: Senior Internal Audit, Compliance and Control Officer
Company: Electronic Payplus Limited
Location: Ibeju Lekki, Lagos State
Employment Type: Full-time
Industry: Banking and Financial Services / Electronic Payments
Experience: Not specified
Qualification: Not specified
Salary: Not specified
Application Deadline: 16 November 2026

Job Overview

Electronic Payplus Limited is recruiting a Senior Internal Audit, Compliance and Control Officer to strengthen its internal audit, risk management and compliance functions.

The successful candidate will conduct risk-based audits, evaluate internal control systems, review financial and operational activities, investigate suspected fraud and monitor compliance with organisational policies and regulatory requirements.

The role also involves reviewing transactions and system records on the company’s SAGE 200 ERP platform, preparing audit reports, monitoring corrective actions and advising management on ways to minimise financial and operational risks.

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 has developed from POS deployment into card manufacturing, personalisation and electronic payment solutions.

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

Key Responsibilities

1. Internal Audit and Assurance

• Develop and execute risk-based internal audit plans aligned with the company’s operational and financial objectives.
• Conduct periodic audits of financial records, operational processes, departmental activities and business transactions.
• Perform surprise audits and periodic reviews to identify irregularities, control weaknesses and non-compliance.
• Evaluate the adequacy and effectiveness of internal controls across departments.
• Review the accuracy, completeness and reliability of financial statements, accounting records and supporting documents.
• Prepare detailed audit reports outlining findings, risks, control gaps and recommendations.
• Maintain proper audit documentation and working papers for management review.
• Follow up on previously identified audit issues to ensure corrective actions are implemented on time.

2. Internal Controls and Risk Management

• Evaluate existing internal control systems and recommend improvements to minimise financial and operational risks.
• Assess the effectiveness of segregation of duties across departments.
• Review compliance with financial authority limits, expenditure procedures and approval workflows.
• Examine access controls and authorisation levels for financial and operational systems.
• Recommend measures to safeguard company assets, funds, records and information.
• Identify potential fraud risks, financial leakages, operational inefficiencies and control deficiencies.
• Support the development, review and implementation of internal control policies and procedures.
• Monitor the implementation of approved risk mitigation measures.

3. Financial and Operational Auditing

• Conduct reviews of revenue, expenses, payroll, procurement, inventory, reconciliations and other financial activities.
• Examine procurement activities to ensure compliance with approved procedures and budgetary limits.
• Review inventory records and conduct periodic physical stock verification.
• Verify the accuracy and completeness of financial transactions and supporting documentation.
• Identify unauthorised transactions, duplicate payments, unusual financial activities and potential revenue losses.
• Review bank reconciliations, payment schedules, receipts, invoices and expenditure claims.
• Assess the effectiveness of financial reporting and accounting processes.
• Review departmental operational activities to ensure compliance with approved procedures and service standards.

4. ERP and System Controls (SAGE 200)

• Review system-generated reports and transaction logs to identify unusual or unauthorised activities.
• Monitor compliance with approved transaction posting procedures and financial approval workflows.
• Review the integrity and accuracy of financial and operational records maintained on the company’s SAGE 200 ERP platform.
• Verify the accuracy of daily transaction postings and financial records.
• Identify weaknesses in ERP controls and recommend appropriate corrective measures.
• Assess user access rights and system authorisation levels to ensure appropriate access restrictions.
• Ensure system access and transaction approval processes comply with the company’s internal control framework.
• Collaborate with IT and Finance departments to strengthen system controls and data integrity.

5. Fraud Prevention and Investigation

• Conduct preliminary reviews and investigations into reported financial irregularities and control breaches.
• Identify potential fraudulent activities, financial misconduct and deliberate violations of company policies.
• Examine supporting documents, transaction records and available audit trails to establish facts.
• Monitor the implementation of approved fraud prevention and control measures.
• Document investigation findings and submit reports to management.
• Recommend corrective and preventive measures to reduce the recurrence of fraud.
• Maintain confidentiality and exercise professional judgement when handling sensitive investigations.

6. Compliance and Policy Enforcement

• Monitor compliance with company policies, financial procedures, departmental Standard Operating Procedures (SOPs) and operational guidelines.
• Review departmental adherence to regulatory requirements applicable to the company’s business operations.
• Assess compliance with Service Level Agreements (SLAs) and internal performance standards where relevant.
• Ensure audit activities comply with applicable professional auditing standards and ethical requirements.
• Support regulatory and external audit exercises by providing relevant documentation and audit evidence.
• Participate in internal reviews of company policies and recommend updates where necessary.
• Identify policy violations and report significant breaches to management.

7. Audit Reporting and Management Advisory

• Prepare comprehensive internal audit reports for management.
• Communicate audit findings, control deficiencies and risk exposures to relevant department heads.
• Maintain an audit issue register showing findings, responsible officers, agreed actions and implementation timelines.
• Recommend practical solutions to address identified weaknesses and improve operational effectiveness.
• Provide periodic updates on outstanding audit findings and corrective action implementation.
• Advise management on emerging financial, operational and compliance risks.
• Participate in management meetings where audit findings and internal control matters are discussed.

8. Departmental Collaboration and Supervision

• Work closely with Finance, Operations, IT, Human Resources, Procurement and other departments to strengthen internal controls.
• Provide guidance to junior audit personnel and review their audit work where applicable.
• Ensure audit assignments are completed within approved timelines.
• Promote awareness of internal controls, risk management and compliance across the organisation.
• Maintain professional independence and objectivity when interacting with other departments.
• Escalate significant control weaknesses and unresolved audit issues to the appropriate authority.

Requirements and Qualifications

The original vacancy announcement does not specify academic qualifications, professional certifications or minimum years of experience.

Candidates should confirm the employer’s specific 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: Senior Internal Audit, Compliance and Control Officer

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

Application Deadline: 16 November 2026.