Moniepoint Incorporated is a global business payments and banking platform and recently became QED Investors’ first investment in Africa. We are the partner of choice for over 600,000 businesses of all sizes, powering the dreams of SMBs and providing them with equal access to the tools they need to grow and scale.
We
are recruiting to fill the position below:
Job Title: Product Auditor
Location: Lagos (Remote)
Role Overview
- 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 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 will independently evaluate product risk
exposure and control maturity prior to scale.
Key Responsibilities
Audit
Universe & Risk-Based Planning:
- Maintain a living Product Audit Universe covering all payment
products, features, and integrations ranked by risk.
- Own the annual Product Audit Plan, ensuring coverage is allocated
dynamically based on risk ratings, product complexity, regulatory
sensitivity, and change velocity.
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.
- Confirm reconciliation logic, exception queues, and fallback
controls are tested and functional.
- Escalate critical deficiencies with risk ratings and hold
recommendations where a product is not safe to release.
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:
- Confirm that all product modifications: fee tables, routing rules,
limit parameters passed through an approved change management cycle.
- 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.
Vendor
& Third-Party Product Risk:
Manufacturing
- 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:
- 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.
- Participate in design reviews and architecture discussions, and
build a control-by-design culture across product teams.
Incident
Review, RCA & Regulatory Alignment:
- Lead post-incident reviews for product failures,producing structured
RCA reports that identify underlying logic failures, not just surface
symptoms.
- Assess corrective actions for adequacy and track findings to verify
closure.
- 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.
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:
- Advanced SQL for independent data extraction and transaction
interrogation
- Payment systems architecture : Wallets, card processing, direct
debit, settlement, and reconciliation
- API and integration literacy (Basic)
- End-to-end transaction lifecycle knowledge: Authorisation, posting,
clearing, settlement, and exception handling
- PRD and process flow analysis: translating product documentation
into control flowcharts
- Mathematical precision: fee calculations, interest computations, and
split payment structures
- Pattern recognition: detecting anomalies, outliers, and
irregularities in large transaction datasets
Audit
& Risk Skills:
- Risk-based audit methodology: IIA Standards and COSO framework
applied to financial products.
- Control design logic and evaluation
- Root cause analysis
- Regulatory knowledge: CBN payment system regulations, PCI DSS,
NDPR,Nigerian consumer protection obligations etc
Interpersonal
& Professional Skills:
- Stakeholder engagement
- Professional scepticism and independence
- Risk-rated report writing
Tools
& Platforms:
- SQL (PostgreSQL / MySQL / MSSQL)
- AdvancedExcel / Google Sheets
- Claude / AI Tools.
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
- 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.
- Learning: We’re big on growth. You’ll find an environment focused on
knowledge sharing, training, and helping you reach your potential.
- Compensation: You’ll receive an attractive salary, pension, health
insurance, and an annual bonus, along with other great benefits.
Application Closing Date
Not
Specified.
How to Apply
Interested
and qualified candidates should:
Click here to apply online
What to Expect in the
Hiring Process
Recruitment&
Staffing
- A preliminary phone call with our recruiter.
- An interview with the hiring team.
- A final conversation with a member of our executive team.
