Internal Control Specialist – Focus on Business and Accounting Processes, Risks and Controls

Overview

This role involves strengthening governance and ensuring reliable financial and business processes within a fast-growing fintech environment. The Internal Control Specialist will focus on business and accounting processes, supporting financial accuracy, operational consistency, and strong end-to-end process governance across multiple departments.

Responsibilities

• Execute business and accounting control testing, including design and operating effectiveness tests across:
  • Procure-to-Pay (P2P)
  • Order-to-Cash (O2C) / Payments lifecycle
  • Record-to-Report (R2R)
  • Financial close and accounting processes
  • Treasury and cash management
  • Reconciliations and financial data integrity
  • Revenue recognition and billing
• Evaluate evidence, validate process documentation, and ensure controls operate as intended
• Identify control deficiencies, document results, and track remediation plans
• Support risk and control assessments for business and finance processes
• Map end-to-end processes, identify key risks, and evaluate control adequacy
• Assist in aligning processes with regulatory expectations and best practices for S3/S4 institutions
• Identify risks related to payment flows, merchant operations, financial reporting, fraud prevention, data accuracy, and third-party dependencies
• Develop and maintain process narratives, flowcharts, control matrices, and standard operating procedures
• Ensure documentation remains current with evolving products, regulations, and organizational changes
• Collaborate with Accounting, Finance, Operations, and Product teams to ensure accuracy
• Support analysis of control failures and conduct root cause analysis
• Track corrective action plans and validate remediation effectiveness
• Work cross-functionally to embed control requirements into business processes
• Partner with Accounting and FP&A to support financial reporting accuracy
• Collaborate with Payments and Operations teams to ensure safe and scalable operational flows
• Promote awareness and understanding of internal controls across the organization
• Assist in preparing dashboards and management reports on control performance
• Track key themes, systemic issues, and emerging risks in business and accounting processes
• Identify opportunities for process optimization, automation, and enhanced control design

Requirements

Education and Experience

• Bachelor’s degree in Accounting, Business Administration, Economics, Engineering, Finance, or related fields
• Experience in Internal Controls, Audit (internal or external), Operational Risk, Compliance, or Accounting within financial institutions, fintechs, or SOX-regulated companies
• Experience with SOX controls, documentation standards, walkthroughs, testing methodologies, and deficiency remediation is a strong advantage
• Familiarity with internal control and governance frameworks such as COSO, COBIT, or ISO is a plus

Technical Skills

• Strong understanding of accounting principles, financial cycles, and business process controls
• Ability to evaluate reconciliations, journal entries, accounting estimates, and financial documentation
• Experience analyzing process evidence and identifying control weaknesses
• Strong documentation and analytical skills with the ability to translate complex processes into clear narratives or flowcharts
• Previous exposure to ERP systems, financial tools, BI dashboards, or reconciliation platforms is beneficial

Soft Skills

• Analytical, detail-oriented, and curious mindset
• Strong communication skills with both finance and non-finance stakeholders
• Proactive, organized, and capable of managing multiple priorities
• Hands-on approach with high ownership

Future Initiatives

The role will contribute to leveraging data analytics, automation, and AI to enhance process reliability and financial accuracy, including:

• Automated reconciliations
• Data-driven anomaly detection
• Continuous monitoring of key financial metrics
• Improved governance over financial reporting and operational flows
• Embedding control-by-design into business processes and systems

Location

Information about the job location is not specified in the description.

Additional Information

Artificial intelligence tools may be used to support parts of the hiring process, such as reviewing applications and assessing responses. Final hiring decisions are made by humans.