Latest Jobs at Flutterwave

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’). Role location will be in Lagos, Nigeria!

Roles and responsibilities, include but are not limited to:

Overview

• 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.
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• 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.

Skills required for the role:

• 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

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The Role: 

The AVP, Country Compliance Officer - Nigeria will be responsible for oversight and compliance with local in-country regulations for all of Flutterwave’s products and services offered within the jurisdiction. The Country Compliance designs regional compliance policies, procedures and practices that adhere to global and regional regulatory requirements and serves as a subject matter expert for regional regulatory requirements.
Key Responsibilities:

• Oversee and implement the strategies, policies, and design procedures for country compliance programs in line with global and jurisdictional regulatory requirements and industry standard best practices.
• Country Compliance Officer may also serve as the local Money Laundering Reporting Officer, responsible for ensuring potentially suspicious activity is reported to regulators in a timely manner.
• Draft and submit for approval regional addendums to Flutterwave’s compliance-related policy and procedure, as required, to design controls and processes that meet or exceed local regulatory requirements and expectations.
• Monitor, evaluate, and report on the effectiveness of regional compliance policy, procedures, processes, systems, and technologies, escalating potential risks and making recommendations for improvements and implementing necessary changes.
• Proactively identify when regional/local compliance requirements differ from Flutterwave’s global standards, particularly regulatory requirements or expectations more stringent than Flutterwave’s global standards.
• Adhere to a global regulatory change management program to maintain a comprehensive and integrated approach to compliance.
  Maintain register of jurisdictional regulatory requirements for registration in the local jurisdiction.
• Oversee regulatory exams from local regulator(s) and manage responses and proposed remediation efforts in coordination with the Country Compliance Oversight Manger.
• Develop and present regional compliance reporting for local senior management and board reporting. Escalate risks and issues as appropriate and in line with global reporting standards.
• Develop and track various compliance monitoring metrics, key performance indicators, key risk indicators, and key control indicators to ensure consistent framework, standards, and risk tolerances are followed throughout the local jurisdiction.
• Establish and maintain strong relationships with internal stakeholders with relevant subject matter expertise to stay updated on global and regional compliance regulations, best practices, and emerging trends.
• Collaborate with cross-functional teams through coordination with the Country Compliance Oversight Manager, including Legal, Professional Services, Risk Management, and Operations, to drive compliance initiatives, resolve issues, implement controls, and suggest enhancements.
• Collaborate with and seek guidance from advisory counterparts in Compliance to understand the underlying purpose of company policy as well as any nuanced regional requirements. Liaise with Compliance counterparts regarding local trends, financial crime typologies, or other issues that may warrant attention within the centralized compliance functions.
• Assist with recruiting, hiring, and training of qualified, competent local compliance staff, as required. Escalate any staffing requirements or concerns for the local jurisdiction.
• Ensure appropriate escalation of identified compliance issues to relevant stakeholders and senior management.
• Manage short-term deadlines as well as long-term strategic initiatives.

Qualifications:

• Bachelor's degree in Financial Management or Investment Management, Business Management, Commerce, Commerce in Business Innovation and Entrepreneurship, or a related field. Advanced degree preferred.
• Minimum of 12 years of experience in a leadership role regarding regulatory compliance oversight with extensive knowledge of BSA/AML, payment processing and digital payment regulations and best practices preferably at a financial institution. Strong command of local regulations and enforcement trends across various areas of compliance.
  Ability to drive, implement, oversee and manage regional policies and procedures to ensure global and local compliance with regulations and best practices.
• Proven track record of successfully managing regulatory compliance functions, implementing best practices, and driving process improvements.
• Excellent analytical, problem-solving, and decision-making abilities. Must possess ability to understand and anticipate broader impact of enhancement initiatives and engage appropriate stakeholders.
• Effective communication and presentation skills, with the ability to influence and collaborate with stakeholders at all levels.
• Ability to navigate complex regulatory environments and adapt to changing regulations.
• Professional certifications such as Certified Anti-Money Laundering Specialist (CAMS) or Certified Fraud Examiner (CFE) are highly desirable.