E-Business Control Officer at Moniepoint Incorporated

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: E-Business Control Officer

Location: Lagos
Employment Type: Full Time, Remote

Job Description

• The E-Business Control Officer supports the E-Business Control Manager in conducting internal control assessments to validate the adequacy and effectiveness of controls within Moniepoint MFB's SBU products.
• This role assists in developing test scripts and control programs to ensure the completeness and accuracy of daily qualifying transactions across various product classes.
• The Associate will also help to validate the correct proofing of settlement positions in assigned inbound/ receivables and outbound/ payables GLs due to and from counterparties in line with SLAs and report all unconventional settlement positions for regularization max (T+3)

Responsibilities

• Assist in monitoring and reporting on automations or processes to daily test and report on outstanding settlement positions (inbound/receivable and outbound/payable) in GL or accounts of various e-business products, ensuring exposures are closed out latest T+3.
• Support daily monitoring of automations or processes to report on net exposure in any Accounts Receivable and Accounts Payable product class above acceptable thresholds (days and and value).
• Help monitor individual product settlement accounts and GL data for outliers in patterns or trends to proactively detect wrong GL configuration, wrong product output, unconventional GL or account positions, and assist in following up for timely resolution (max T+3)
• Assist in monitoring automations that test transactions data, systems configurations, and applications to validate that only qualified transactions are streamed and accepted for processing.
• Support the curation of dependencies embedded in product and transaction processing, applications, and databases, and assist in testing their data or output for conformity with design.
• Participate in executing risk-based control assessments to evaluate the design and operational effectiveness of controls within the e-business and products environment.
• Conduct test of control programme via checklist that reviews the adequacy of controls embedded in products to validate its completeness and the effectiveness of end-to-end processing, including transaction limits, approval status/hierarchies, and real-time monitoring for outliers.
• Communication of assessment findings, results, and recommendations to stakeholders and line-managers.
• Collaborate with other relevant stakeholders to develop and implement a comprehensive control framework for all e-business platforms, digital channels, and online payment systems.
• Carry out any other tasks as assigned or become necessary to improve the e-business control environment and the overall internal control maturity posture of Moniepoint MFB.

Requirements

• Educational Background: A Bachelor's Degree in Accounting, Business, Information Technology, or a related field.
• Certifications: Relevant professional certifications such as CISA (Certified Information Systems Auditor), ICAN, or others related to IT or risk management.
• Experience: 4 - 5 years proven experience in e-Business control assessment, IT auditing, or a related field, with a strong understanding of E -Products. Experience in the banking or financial services sector is often preferred.
• Framework and Standard Knowledge: In-depth knowledge and practical experience with the COSO internal control framework and relevant ISO standards, including ISO 31000 (Risk Management) and the COSO framework is essential.

Skills And Competencies:
Skills, Competencies, Technical and Non technical
What you need to succeed

• Technical Understanding: A good understanding of transaction data flow pipelines, settlement processing and accounts receivable and payable management.
• Assessment Skills: Strong planning and execution skills for conducting internal control assessments, including design and operations effectiveness testing.
• Risk Management: Experience in assessing risk ownership, risk registers, and integrating principles from ISO 31000.
• Communication: Excellent written and verbal communication skills to effectively communicate assessment findings, results, and recommendations to stakeholders at various levels.
• Analytical Skills: Strong analytical and problem-solving skills to identify control deficiencies, assess their impact, and develop remediation plans.
• Organizational Skills: Excellent organizational and time management skills to manage multiple assessments, remediation efforts, and reporting requirements.
• Attention to Detail: Meticulous attention to detail to ensure accuracy in assessments, documentation, and reporting.

Application Closing Date
Not Specified. 

How to Apply
Interested and qualified candidates should:
Click here to apply online