Lead, E-Business Control at Moniepoint Inc.

The E-Business Control Manager is a critical role responsible for creating and conducting internal control assessments that would validate the adequacy of controls designed and the effectiveness of controls embedded in the various SBU products of Moniepoint MFB. This position would be required to develop test scripts and control programmes that provide assurance on the  completeness and accuracy of daily qualifying transactions streamed between the SBU products databases, banking application and the financial reporting application for all product classes. The position would also validate the settlement reconciliation data for various  product classes and work with the financial system and tools team to implement integrations required for real-time insights on settlement positions, reconciliation outcomes and key risk indicators (earlier warning signals).

Responsibilities

• Design automated processes to daily test and report outstanding settlement positions—both inbound (receivables) and outbound (payables)—within GL or accounts across all e-business products, ensuring exposures are closed no later than T+3.
• Develop automations to identify and report net exposures in Accounts Receivable and Payable product classes that exceed acceptable thresholds (in both days outstanding and value).
• Monitor individual product settlement accounts and GL data for anomalies or outliers, helping detect incorrect GL configuration, product logic errors, or unconventional account behavior. Ensure timely resolution within T+3, or escalate appropriately.
• Review Level 2 and Level 3 product complaints to uncover pain points in system application or configuration, and propose improvements as part of a proactive, detective control process.
• Design automations that validate transaction data, system configurations, and applications, ensuring only qualified transactions are processed.
• Curate and test dependencies within product processing workflows, applications, and databases to ensure data integrity and alignment with system design.
• Plan and execute risk-based control assessments to evaluate the design and operational effectiveness of controls within e-business and product environments.
• Review and validate the adequacy of embedded product controls, including transaction limits, approval hierarchies, and real-time anomaly detection.
• Oversee the communication of control assessment findings, results, and recommendations to relevant stakeholders and senior management.
• Develop and maintain a remediation dashboard tracking control deficiencies identified through assessments, audits, or regulatory examinations.
• Monitor and report on Key Risk Indicators (KRIs) and Key Performance Indicators (KPIs) related to e-business control and security posture.
• Stay updated on emerging e-business technologies, trends, and regulatory changes to proactively assess and mitigate risks.
• Collaborate with cross-functional teams to develop and implement a comprehensive control framework across all e-business platforms, digital channels, and online payment systems.
• Perform additional tasks as assigned to enhance the e-business control environment and improve Moniepoint MFB’s internal control maturity.

Skills & Competencies

• Data & Automation Tools: Proficiency in tools like SQL, Python, and other technologies used for big data analysis and automation.
• Risk Management: Strong knowledge of identifying, assessing, and mitigating risks in an e-business or digital financial environment.
• Project Management: Experience in planning and executing risk-based control assessments.
• Stakeholder Management: Demonstrated ability to build and manage effective working relationships across departments.
• Proactive Mindset: Capability to detect early warning signals and resolve control-related issues before escalation.
• Adaptability: Comfortable navigating and responding to a constantly evolving threat landscape and regulatory environment.

Experience and Education

• A Bachelor’s degree in Accounting, Business, Information Technology, or a related field is required.
• Relevant professional certifications such as:
  • CISA (Certified Information Systems Auditor)
  • ICAN (Institute of Chartered Accountants of Nigeria)
  • Or other certifications related to IT auditing, risk management, or financial controls.
• 6 – 8 years of proven experience in E-business control assessments, IT auditing, or other risk and control functions within digital product environments.
• Strong familiarity with electronic products (E-Products), ideally within the banking or financial services sector.
• Solid understanding and hands-on experience with the COSO Internal Control Framework, ISO 31000 (Risk Management), and other relevant ISO standards pertaining to risk, audit, or internal controls