Product Auditor

AI summary

Moniepoint Incorporated is hiring a Product Auditor to provide independent assurance over financial, operational, security, and regulatory controls across payment, wallet, settlement, and switch products. The role involves pre-release control design reviews, live product assessments, transaction logic validation using SQL, settlement integrity checks, and advisory engagement with product and engineering teams.

• Independent assurance role covering payment, wallet, settlement, and switch products
• Mandatory pre-production control gate reviews for all material releases
• SQL-based validation of fee engine, commissions, VAT, and transaction integrity
• Focus on CBN, PCI DSS, and consumer protection regulatory alignment
• Remote role based in Nigeria

Original source description

The role ensures that new and existing products are deployed with adequate financial, operational, security, and regulatory controls, safeguarding the organization against revenue leakage, settlement failures, regulatory breaches, and technology-driven risks. The Product Auditor provides independent assurance over the design, implementation, and operating effectiveness of product controls across payment, wallet, settlement, switches and other related products across the organisation The Product Auditor will independently evaluate product risk exposure and control maturity prior to scale. Key Responsibilities: Audit Universe & Risk-Based Planning: Own the annual Product Audit Plan, ensuring coverage is allocated dynamically based on risk ratings, product complexity, regulatory sensitivity, and change velocity. Maintain a living Product Audit Universe covering all payment products, features, and integrations ranked by risk. Product Design & Control Assurance: Review PRDs, business rules, and transaction workflows to identify logic gaps, unmitigated risk paths, and missing exception-handling routines before products reach production/go-live. Analyse product path scenarios, verify Maker-Checker enforcement, and provide formal control design sign-off before any material release goes live. Live Product Assessment ( Continuous Audit Review): Periodically assess live payment products to confirm they continue to operate within approved design parameters. Detect configuration drift, identify silent divergence from original PRDs, and analyse live transaction data for emerging risk patterns. Go-Live Readiness & Control Gate: Execute mandatory pre-production Product Audit reviews as an independent control gate for all material releases. Escalate critical deficiencies with risk ratings and hold recommendations where a product is not safe to release. Confirm reconciliation logic, exception queues, and fallback controls are tested and functional. Transaction Logic & Mathematical Integrity: Interrogate the Fee Engine using SQL to mathematically prove that commissions, VAT, discounts, and splits are posted with complete precision. Validate duplicate prevention mechanisms and ensure transaction integrity within complex, multi-step payment sequences, and test reversal, refund, and chargeback logic to confirm financial symmetry is maintained in every scenario. Settlement & Ledger Integrity: Trace fund flows, confirming continuous synchronisation between wallet sub-ledgers and the General Ledger. Assess reconciliation logic for breaks and evaluate the authorisation, documentation, and reversibility of manual settlement overrides. Product Change & Configuration Integrity: Identify silent changes made outside formal release processes and audit the integrity of product master data to ensure it is access-controlled, version-tracked, and consistent with approved product terms. Confirm that all product modifications: fee tables, routing rules, limit parameters passed through an approved change management cycle. Vendor & Third-Party Product Risk: Assess controls over vendor-managed product components, evaluate SLA performance against contractual commitments, and identify single-vendor dependency risks within critical payment flows. Evaluate the organisation's ability to detect unilateral changes in third-party API behaviour, fee logic, or settlement processes. Control Advisory & Stakeholder Engagement: Participate in design reviews and architecture discussions, and build a control-by-design culture across product teams. Engage product and engineering teams early in the design cycle to provide informal control advisory, reducing findings at the formal review stage without compromising independence. Incident Review, RCA & Regulatory Alignment: Ensure product logic complies with CBN guidelines, PCI DSS, and consumer protection obligations at the design level, and evaluate the regulatory impact of new features before release. Assess corrective actions for adequacy and track findings to verify closure. Lead post-incident reviews for product failures,producing structured RCA reports that identify underlying logic failures, not just surface symptoms. Reporting & Governance: Prepare risk-rated audit reports for Executive Management and the Audit Committee, leading with findings, financial impact, and required action. Maintain a Product Risk Register, deliver quarterly control maturity updates, and ensure governance bodies are never surprised by a product failure that was visible at the design or portfolio review stage. Required Knowledge & Skills Technical Skills: Payment systems architecture : Wallets, card processing, direct debit, settlement, and reconciliation Pattern recognition: detecting anomalies, outliers, and irregularities in large transaction datasets API and integration literacy (Basic) PRD and process flow analysis: translating product documentation into control flowcharts End-to-end transaction lifecycle knowledge: Authorisation, posting, clearing, settlement, and exception handling Mathematical precision: fee calculations, interest computations, and split payment structures Advanced SQL for independent data extraction and transaction interrogation Audit & Risk Skills: Risk-based audit methodology: IIA Standards and COSO framework applied to financial products. Control design logic and evaluation Regulatory knowledge: CBN payment system regulations, PCI DSS, NDPR,Nigerian consumer protection obligations etc Root cause analysis Interpersonal & Professional Skills: Stakeholder engagement Risk-rated report writing Professional scepticism and independence Tools & Platforms: SQL (PostgreSQL / MySQL / MSSQL) Claude / AI Tools. AdvancedExcel / Google Sheets Qualifications Education: Bachelor’s Degree in Computer Science, Engineering, Mathematics, Finance, or a related quantitative discipline. Experience: 3–5+ years in Product Audit, Systems Audit, Financial Data Analytics, or Payment Operations within a fintech or financial services environment. Certifications: CISA, CIA, or CFE preferred. ACA / ACCA is acceptable when combined with strong technical product experience: and data analytics. Sector Knowledge: Demonstrated hands-on familiarity with payment product architecture, wallet systems, and regulated payment flows in a Nigerian or comparable market context. What We Offer You Learning: We’re big on growth. You’ll find an environment focused on knowledge sharing, training, and helping you reach your potential. Culture: We put our people first and prioritize the well-being of every team member. We’re human, we listen, and we look out for one another. Compensation: You’ll receive an attractive salary, pension, health insurance, and an annual bonus, along with other great benefits. How to Apply Interested and qualified candidates should: Click here to apply online What to Expect in the Hiring Process An interview with the hiring team. A final conversation with a member of our executive team. A preliminary phone call with our recruiter. View all Jobs in Nigeria