Kuda is a full service, app-based digital bank. Our mission is to be the go-to bank not just for those living on the African continent, but also for the African diaspora wherever they might live, anywhere in the world. Kuda is free of ridiculous banking charges and great at helping customers budget, spend smartly and save more. We raised the largest seed round ever seen in Africa, and completed a Series A funding round in February 2021, led by some of the world’s smartest venture capital investors. With offices in London (our HQ), Lagos and Cape Town, and further offices opening across Africa during 2021, Kuda is fast becoming recognised as the leading ‘Neobank’ for Africans.

To help us grow into the company that can bring meaningful change to the way people across Africa get access to great financial products and services in order to take control of their personal finances, we are actively looking for bright, talented, driven people who are excited by our mission. If this sounds like a great way to spend your valuable time, then please get in touch with us.

Job Position: Head of Internal Audit

Job Location: Lagos (Hybrid)

Job Description

  1. This role is tasked with the responsibility of providing independent and objective assurance to the Board on the adequacy and effectiveness of the internal control system.
  2. This role has the responsibility for developing, implementing, monitoring, and reviewing the effectiveness of Kuda’s governance, risk management and internal control systems with a view to ensure organizational objectives are met.
  3. Successful candidate’s is expected to transform the Internal Audit function to be compliant with Institute of Internal Auditors standards and best practice.

Job Responsibilities

  1. Develop a comprehensive internal audit program for the Company. Perform risk based financial, operational, and compliance audits in accordance with the approved Audit plan and ensure implementation of efficient processes for documenting and implementing all audit-related initiatives, activities, and recommendations.
  2. Present Internal Audit reports to the Board Audit Committee during quarterly meetings for review and approval.
  3. Review the Company’s practices and records for compliance with established internal policies and procedures and develop recommendations for improving internal controls, operating efficiency, control environment and the adequacy of company records and record-keeping.
  4. Coordinate Forensic audits and Revenue assurance and Quality assurance programme to ensure all earnable revenues of the Company are properly accounted for and to ensure all revenue leakages are blocked.
  5. Perform special audits on an ad-hoc basis as required by regulators, unit heads, Management, or Audit Committee.
  6. Establish and continuously improve a consistent operating framework for the identification, management, monitoring and reporting of enterprise wide risks and issues.
  7. Develop value-for-money advice and guidance to business units and management on all compliance issues.
  8. Evaluate new laws and regulations and stay abreast of all legislative and regulatory developments both locally and globally that might have an impact on the Company.
  9. Liaise with all related units on risk related issues, as well as non-compliance with internal policies, legislation, rules, and regulations.
  10. Serve as liaison for all external audit and regulatory agencies.
  11. Establishes appropriate control frameworks to maintain accuracy, integrity, and reliability of financial records to prevent misstatements and frauds and safeguard the Bank’s assets.
  12. Determines adequacy of controls over specific activities as well as ensure that adequate controls are put in place to mitigate risks in the Bank’s processes.
  13. Conduct and direct internal audit and ongoing reviews of Kuda’s control, operating procedures and compliance with policies and regulations.
  14. Continuously seek self-professional development to sharpen skills and capabilities in a versatile and evolving digital landscape, the Financial industry and globally.
  15. Coaches, supervises, and directs the activities of direct reports and provide appropriate guidance in the execution of the unit’s agreed work plans and programmes.
  16. Conduct periodic performance appraisal sessions with direct reports in line with stipulated career and performance management policies and procedures.
  17. Any other duty as assigned by management.

Job Requirements

  1. B.Sc. Degree in any field
  2. Member of a recognized Risk/Accounting related professional body (e.g. ICAN/ ACCA/CFE/CIA/CISA etc.)
  3. Minimum of 10 years’ experience with at least 4 years in leadership position in Internal Control/Audit function
  4. Demonstrate strong knowledge of risk identification, assessment, and management frameworks.
  5. Strong knowledge of control frameworks (such as COSO framework and Basel Corporate Governance Principles) and the ability to design and evaluate effectiveness of controls embedded within business processes.
  6. Strong knowledge of accounting and internal control principles, operational risk evaluation and governance frameworks in financial institutions.
  7. Thorough knowledge of relevant legislation and regulatory requirements as well as the ability to translate these into appropriate policies and procedures.
  8. Detailed knowledge of principles of banking processes, procedures, and policy
  9. Thorough knowledge of operational routine in banks.
  10. Detailed understanding of risk, credit analysis and principles of lending and credit operations.
  11. Strong analytical and problem-solving skills and the ability to use these skills practically in developing workflows, capacity planning, business process design implementation and optimization.
  12. Ability to manage projects and when required, supervise auditors to follow sound internal control practices to manage risks appropriately.
  13. Ability to adapt and meet deadlines on assignment, juggle multiple demands and to work with all types of individuals up to and including the CEO and the Board.

Personal Attributes:

  1. Flair for excellence, productivity and efficiency.
  2. Broad-vision with a proactive, resilient and diplomatic approach in handling sensitive issues.
  3. Sound knowledge of transaction review, general audit and Control,
  4. Revenue assurance and Risk management.
  5. Good computer literacy knowledge of MS Word, MS Excel and MS Outlook.
  6. Ability to communicate effectively, verbally and in writing, to clearly express logically reasoned ideas.
  7. Ability to think clearly, asses matters quickly and to solve problems with the minimum fuss and time
  8. Ability to make/take calculated decisions and to think forward and act accordingly.
  9. Fair knowledge of ACL/SQL for database query.
  10. Interpersonal relationship management skill, strong drive, ambitious and visionary skills.
  11. Good understanding of the policies and procedures of effective and efficient financial operations.
  12. Creative, innovative and a good team player.
  13. Impeccable personal and corporate relationship management.
  14. Impeccable skills of general management and financial management.

How to Apply
Interested and qualified candidates should:
Click here to apply online


  1. Kuda is proud to be an equal opportunity employer. We value diversity and anyone seeking employment at Kuda is considered based on merit, qualifications, competence and talent.
  2. We don’t regard colour, religion, race, national origin, sexual orientation, ancestry, citizenship, sex, marital or family status, disability, gender, or any other legally protected status. If you have a disability or special need that requires accommodation, please let us know.

Tagged as: Finance, Legal