Head of Internal Audit at Kuda Bank

Kuda, a comprehensive digital bank accessible through a user-friendly app, is dedicated to serving not only those residing in Africa but also the African diaspora globally. Our commitment involves providing a fee-free banking experience, assisting customers in effective budgeting, smart spending, and increased savings. Having secured the largest seed round in Africa and completed a successful Series A funding round in February 2021, with backing from prominent venture capital investors, Kuda is swiftly gaining recognition as the premier ‘Neobank’ for Africans.

In line with our vision to bring transformative change to the accessibility of financial products and services across Africa, we are actively seeking dynamic and talented individuals who share our enthusiasm for this mission. If you are excited about contributing to this goal, we encourage you to connect with us.

We are currently inviting applications for the position of Head of Internal Audit, based in Lagos (Hybrid) on a full-time basis.

Role Overview:

This role entails the crucial responsibility of providing independent and objective assurance to the Board regarding the adequacy and effectiveness of the internal control system. The successful candidate will be tasked with developing, implementing, monitoring, and reviewing Kuda’s governance, risk management, and internal control systems to ensure organizational objectives are met. Additionally, transforming the Internal Audit function to align with the Institute of Internal Auditors standards and best practices is a key expectation.


  • Develop a comprehensive internal audit program, conducting risk-based financial, operational, and compliance audits as per the approved plan.
  • Present Internal Audit reports to the Board Audit Committee during quarterly meetings.
  • Review company practices for compliance with internal policies and procedures, making recommendations for improvement in controls, operating efficiency, and record-keeping.
  • Coordinate Forensic audits, Revenue assurance, and Quality assurance programs to ensure accurate accounting of Company revenues and prevention of revenue leakages.
  • Conduct special audits on an ad-hoc basis as required by regulators, unit heads, management, or the Audit Committee.
  • Establish and improve an operating framework for identifying, managing, monitoring, and reporting enterprise-wide risks.
  • Provide value-for-money advice on compliance issues to business units and management.
  • Stay informed about legislative and regulatory developments globally that may impact the Company.
  • Serve as a liaison for external audit and regulatory agencies.
  • Establish control frameworks to ensure accuracy, integrity, and reliability of financial records and prevent misstatements and fraud.
  • Evaluate adequacy of controls over specific activities and implement controls to mitigate risks in the Bank’s processes.
  • Conduct ongoing reviews of Kuda’s control, operating procedures, and compliance with policies and regulations.
  • Provide guidance and coaching to direct reports, conducting periodic performance appraisals.


  • Bachelor’s degree in any field.
  • Membership in a recognized Risk/Accounting-related professional body (e.g., ICAN/ACCA/CFE/CIA/CISA, etc.).
  • Minimum of 10 years’ experience, with at least 4 years in a leadership position in Internal Control/Audit function.
  • Strong knowledge of risk identification, assessment, and management frameworks.
  • Familiarity with control frameworks (COSO framework and Basel Corporate Governance Principles) and ability to design and evaluate controls within business processes.
  • Thorough knowledge of accounting and internal control principles, operational risk evaluation, and governance frameworks in financial institutions.
  • Familiarity with relevant legislation and regulatory requirements.
  • Detailed understanding of banking processes, procedures, and policy.
  • Strong analytical and problem-solving skills.
  • Ability to manage projects, supervise auditors, and meet deadlines.
  • Excellent communication skills, both verbal and written.
  • Computer literacy, including MS Word, MS Excel, and MS Outlook.
  • Ability to think clearly, make calculated decisions, and solve problems efficiently.
  • Equal opportunity employer, valuing diversity in all aspects.

If you possess the required skills and share our commitment to diversity and merit-based hiring, we encourage you to apply online. Kuda is an equal opportunity employer, and we value the talents, qualifications, and competence of all applicants. We do not discriminate based on color, religion, race, national origin, sexual orientation, ancestry, citizenship, marital or family status, disability, gender, or any other legally protected status. If you have a disability or special need requiring accommodation, please inform us.