The Role:

UBA Pensions Custodian is seeking a suitable  qualified and experienced Internal Auditor to join our team.

Key Responsibilities

• Regulatory Compliance & PenCom Guidelines: Ensure full compliance with PenCom regulations, the Nigerian Pension Reform Act, and other statutory requirements governing pension assets. Monitor adherence to internal custody and fund-safeguarding policies and liaise with external examiners during regulatory inspections.
• Risk-Based Internal Audit (RBIA) Planning: Develop, implement, and manage the annual Risk-Based Internal Audit plan approved by the Board Audit and Risk Committee. Assess operational, financial, and IT risks across custody operations.
• Safeguarding Pension Assets & Custodial Controls: Provide independent assurance on the reconciliation of pension assets, securities custody, and fund accounting. Verify that custodial transactions strictly align with instructions from Pension Fund Administrators (PFAs) and regulatory bounds.
• Fraud Prevention, Investigations & Whistleblowing: Lead fraud risk assessments, special investigations, and forensic reviews. Oversee whistleblowing mechanisms and report findings directly to the Board Audit Committee.
• IT Audit & Information Security Assurance: Evaluate IT infrastructure, core banking/custodial software systems (e.g., ERP, database controls), and cybersecurity protocols to protect sensitive financial and contributor data.
• Board & Executive Reporting: Prepare and present periodic audit reports, control evaluation dashboards, and follow-up status updates to the Managing Director/CEO, and Board Audit Committee.
• Liaison with External Auditors & Regulators: Coordinate activities with external auditors, PenCom examiners, and other financial sector watchdogs (such as the CBN or EFCC where applicable), defending audit trails and compliance standards.

Qualifications

• Experience:  8 to 10+ years of progressive internal audit experience, with direct background in the Nigerian pension industry (pension custodian or PFA), banking, or regulated financial services.
• Qualifications: Relevant professional certifications such as ACA, ACCA, CIA, or CISA, alongside a deep understanding of National Pension Commission (PenCom) regulations and compliance guidelines.
• Core Responsibilities: Overseeing risk-based internal audit plans, evaluating custodial operations and asset safekeeping controls, managing board audit reporting, and ensuring regulatory compliance.