Product Auditor

About this job

<p class="p1"><strong>Who We Are</strong></p> <p class="p1"></p> <p>Moniepoint Inc. is Africa’s all-in-one financial platform, helping 20 million businesses and individuals access seamless payments, banking, credit, cross-border, and business management tools each month. </p> <p>As Nigeria’s largest merchant acquirer, we power most of the country’s point-of-sale (POS) transactions.

Key details

• Through our subsidiaries, Moniepoint Inc. processes over $250 billion in digital payment transaction value annually.</p> <p class="p1"><strong>What We Do</strong></p> <p class="p1">At Moniepoint, we are a customer-focused community dedicated to crafting solutions that redefine our industry.
• We leverage artificial intelligence and data-driven best practices to support our businesses, from providing credit and overdrafts to ensuring every transaction is secure.</p> <p class="p1"><strong><em>Curious about what makes Moniepoint an incredible place to work?
• Check out our stories on how we cultivate a culture of innovation, teamwork, and growth.</em></strong></p> <p class="p1"><strong>Role Overview</strong></p> <p class="p1">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</p> <p class="p1">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.</p> <p class="p1">The Product Auditor will independently evaluate product risk exposure and control maturity prior to scale.</p> <p class="p1"><strong>Key Responsibilities </strong></p> <p class="p1"><strong>Audit Universe & Risk-Based Planning</strong></p> <ul class="ul1"> <li class="li1">Maintain a living Product Audit Universe covering all payment products, features, and integrations ranked by risk.<span class="Apple-converted-space"> </span></li> <li class="li1">Own the annual Product Audit Plan, ensuring coverage is allocated dynamically based on risk ratings, product complexity, regulatory sensitivity, and change velocity.</li> </ul> <p class="p1"><strong>Product Design & Control Assurance</strong></p> <ul class="ul1"> <li class="li1">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.<span class="Apple-converted-space"> </span></li> <li class="li1">Analyse product path scenarios, verify Maker-Checker enforcement, and provide formal control design sign-off before any material release goes live.</li> </ul> <p class="p1"><strong>Live Product Assessment ( Continuous Audit Review)</strong></p> <ul class="ul1"> <li class="li1">Periodically assess live payment products to confirm they continue to operate within approved design parameters.<span class="Apple-converted-space"> </span></li> <li class="li1">Detect configuration drift, identify silent divergence from original PRDs, and analyse live transaction data for emerging risk patterns.</li> </ul> <p class="p1"><strong>Go-Live Readiness & Control Gate</strong></p> <ul class="ul1"> <li class="li1">Execute mandatory pre-production Product Audit reviews as an independent control gate for all material releases.<span class="Apple-converted-space"> </span></li> <li class="li1">Confirm reconciliation logic, exception queues, and fallback controls are tested and functional.<span class="Apple-converted-space"> </span></li> <li class="li1">Escalate critical deficiencies with risk ratings and hold recommendations where a product is not safe to release.</li> </ul> <p class="p1"><strong>Transaction Logic & Mathematical Integrity</strong></p> <ul class="ul1"> <li class="li1">Interrogate the Fee Engine using SQL to mathematically prove that commissions, VAT, discounts, and splits are posted with complete precision.<span class="Apple-converted-space"> </span></li> <li class="li1">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.</li> </ul> <p class="p1"><strong>Settlement & Ledger Integrity</strong></p> <ul class="ul1"> <li class="li1">Trace fund flows, confirming continuous synchronisation between wallet sub-ledgers and the General Ledger.<span class="Apple-converted-space"> </span></li> <li class="li1">Assess reconciliation logic for breaks and evaluate the authorisation, documentation, and reversibility of manual settlement overrides.</li> </ul> <p class="p1"><strong>Product Change & Configuration Integrity</strong></p> <ul class="ul1"> <li class="li1">Confirm that all product modifications: fee tables, routing rules, limit parameters passed through an approved change management cycle.<span class="Apple-converted-space"> </span></li> <li class="li1">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.</li> </ul> <p class="p1"><strong>Vendor & Third-Party Product Risk</strong></p> <ul class="ul1"> <li class="li1">Assess controls over vendor-managed product components, evaluate SLA performance against contractual commitments, and identify single-vendor dependency risks within critical payment flows.<span class="Apple-converted-space"> </span></li> <li class="li1">Evaluate the organisation's ability to detect unilateral changes in third-party API behaviour, fee logic, or settlement processes.</li> </ul> <p class="p1"><strong>Control Advisory & Stakeholder Engagement</strong></p> <ul class="ul1"> <li class="li1">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.<span class="Apple-converted-space"> </span></li> <li class="li1">Participate in design reviews and architecture discussions, and build a control-by-design culture across product teams. </li> </ul> <p class="p1"><strong>Incident Review, RCA & Regulatory Alignment</strong></p> <ul class="ul1"> <li class="li1">Lead post-incident reviews for product failures,producing structured RCA reports that identify underlying logic failures, not just surface symptoms.<span class="Apple-converted-space"> </span></li> <li class="li1">Assess corrective actions for adequacy and track findings to verify closure.<span class="Apple-converted-space"> </span></li> <li class="li1">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 b