Full Time
Nairobi, Kenya
Posted 2 months ago

Umba Microfinance Bank

INTERNAL AUDITOR – UMBA MICROFINANCE BANK – NAIROBI, KENYA | DIGITAL BANKING JOB 2025

Position: Internal Auditor
Location: Nairobi, Kenya
Type of Job: Full-Time
Job Category: Internal Audit, Finance, Digital Banking
Application Deadline: Not specified (Apply Immediately)

JOIN A FINTECH LEADER RESHAPING AFRICA’S DIGITAL BANKING LANDSCAPE

Umba Microfinance Bank is looking for a dynamic and results-driven Internal Auditor to join our rapidly growing digital banking ecosystem. This is a unique opportunity to be part of a high-impact team driving innovation, compliance, and operational excellence in a high-growth fintech company that serves Kenya and Nigeria.

The successful candidate will be responsible for overseeing internal audits, risk assessments, and compliance reviews across all departments, ensuring adherence to regulatory and internal control standards.

If you are detail-oriented, passionate about fintech, and eager to strengthen the integrity of one of Africa’s fastest-growing digital banks, this role is for you.

ABOUT UMBA MICROFINANCE BANK

Umba is a pan-African digital bank on a mission to deliver accessible, affordable, and AI-powered financial services to the continent. Headquartered in Nairobi, Kenya, Umba uses machine learning and automation to create banking solutions that empower individuals across emerging markets.

Since acquiring a deposit-taking microfinance institution in Kenya in 2023, now operating as Umba Microfinance Bank, the company has experienced rapid growth, achieving 6x revenue expansion in 2024 and maintaining an average monthly growth rate of 19%.

Our customer-first approach, data-driven decision-making, and agile culture have enabled us to provide cutting-edge mobile and web-based banking services that consistently exceed expectations.

KEY RESPONSIBILITIES

A. Audit Planning & Execution

Develop and implement a risk-based internal audit plan aligned with strategic business objectives.
Conduct departmental audits including Finance, Operations, Credit, Risk, HR, Compliance, Business Development, and ICT.
Review business processes and financial systems to assess effectiveness, integrity, and control adequacy.
Examine adherence to both internal policies and industry best practices.

B. Audit Reporting

Prepare comprehensive audit reports identifying operational inefficiencies and areas of non-compliance.
Highlight and document key risks, gaps, and irregularities discovered during audits.
Present findings and actionable recommendations to senior leadership and the Audit Committee.
Track progress and ensure timely implementation of approved audit recommendations.

C. Risk Assessment

Lead the bank-wide risk identification and assessment process.
Monitor evolving risk profiles across business functions and update the audit plan accordingly.
Evaluate the effectiveness of risk mitigation strategies and controls.

D. Compliance Monitoring

Ensure full compliance with Central Bank of Kenya (CBK) regulations, Anti-Money Laundering (AML), Know Your Customer (KYC), and Data Protection Acts.
Conduct spot audits and independent compliance reviews.
Work in tandem with the Compliance Officer to address policy breaches and close compliance gaps.

E. Internal Control Testing

Review and test internal control frameworks, including authorization levels, segregation of duties, and data access.
Evaluate IT controls, focusing on cybersecurity protocols, system integrity, and business continuity measures.
Identify vulnerabilities in process design or implementation and propose tailored solutions.

F. Process Improvement

Recommend streamlined workflows and automation opportunities to enhance internal controls.
Collaborate with departments in the design of Standard Operating Procedures (SOPs).
Identify and eliminate redundant processes or duplicated functions across teams.

QUALIFICATIONS & EXPERIENCE

Bachelor’s degree in Accounting, Finance, Business Administration, or a related discipline.
Professional certification required or in progress (e.g., CPA, CIA, CISA, ACCA).
Minimum 5 years of experience in internal audit, preferably within a regulated financial services institution.
Sound understanding of risk-based audit methodology, audit software tools, and CBK prudential guidelines.
Familiarity with digital banking environments, fintech operations, and core banking systems is a strong plus.

SKILLS & COMPETENCIES

Strong analytical and investigative abilities with a keen eye for detail.
Excellent knowledge of audit frameworks and compliance monitoring tools.
Effective communication and report-writing skills, including the ability to simplify complex issues.
Tech-savvy, with competence in MS Excel, audit tools, and core banking software.
Proven ability to work independently while collaborating across departments.
High ethical standards and confidentiality awareness.

COMPANY CULTURE AND VALUES

Umba operates with a values-driven, agile, and high-performance culture built on:

Innovation: Leveraging AI and machine learning to redefine African banking.
Excellence: Holding ourselves to the highest standards of delivery.
Integrity: Acting ethically in all situations, with accountability and transparency.
Empowerment: Building tools and services that empower both customers and employees.
Customer-Obsessed: Designing services that delight and add tangible value to users.

Our team consists of passionate professionals who believe in creating a better financial future for all Africans. At Umba, your ideas matter, your actions make an impact, and your career growth is unlimited.

HOW TO APPLY

Interested candidates who meet the qualifications are encouraged to apply through our official recruitment portal:

Submit Your Application for the Internal Auditor Role

Applications are reviewed on a rolling basis. Early submissions are strongly encouraged. Only shortlisted candidates will be contacted.

ADDITIONAL ENGAGEMENT

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KEYWORDS:

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To apply for this job please visit umba.applytojob.com.

By The Kenyan Job Finder Team

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