Find your dream job

Job Overview

UBA Pensions Custodian Limited (UBA Pensions) is a wholly owned subsidiary of UBA Plc, incorporated in September 2005 in accordance with the Pension Reform Act 2014 (as amended).. We are located in an access-controlled and serene environment with high safety and security standards. The quest to be the leading pension fund custodian in Nigeria drives UBA Pensions to develop high quality client services, along with best-in-class technology as key competitive advantages. The company has set itself from an innovative perspective in the custody business as a differentiator amongst its peers. UBA Pensions is in compliance with the National Pension Commission’s Corporate Governance Code

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.

Requirements & 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.