Product Auditor

Overview

This role provides independent assurance over the design, implementation, and operating effectiveness of product controls across payment, wallet, settlement, switches, and other related products across the organization.

The position helps ensure new and existing products are deployed with adequate financial, operational, security, and regulatory controls—reducing exposure to revenue leakage, settlement failures, regulatory breaches, and technology-driven risks.

Responsibilities include independent evaluation of product risk exposure and control maturity prior to scale.

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, dynamically allocating coverage 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 analyze 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 recommend holding releases 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.
• Test reversal, refund, and chargeback logic to confirm financial symmetry is maintained in every scenario.

Settlement & Ledger Integrity

• Trace fund flows, confirming continuous synchronization between wallet sub-ledgers and the General Ledger.
• Assess reconciliation logic for breaks.
• Evaluate the authorization, documentation, and reversibility of manual settlement overrides.

Product Change & Configuration Integrity

• Confirm product modifications (fee tables, routing rules, limit parameters) pass through an approved change management cycle.
• Identify silent changes made outside formal release processes.
• Audit product master data integrity to ensure it is access-controlled, version-tracked, and consistent with approved product terms.

Vendor & Third-Party Product Risk

• Assess controls over vendor-managed product components.
• Evaluate SLA performance against contractual commitments.
• Identify single-vendor dependency risks within critical payment flows.
• Evaluate the organization’s ability to detect unilateral changes in third-party API behavior, 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 while maintaining independence.
• Participate in design reviews and architecture discussions, supporting a control-by-design culture across product teams.

Incident Review, RCA & Regulatory Alignment

• Lead post-incident reviews for product failures.
• Produce structured RCA reports identifying 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.
• Evaluate 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 not surprised by product failure that was visible at the design or portfolio review stage.

Requirements

Required Knowledge & 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: Authorization, 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, and Nigerian consumer protection obligations.

Interpersonal & Professional Skills

• Stakeholder engagement.
• Professional skepticism and independence.
• Risk-rated report writing.

Tools & Platforms

• SQL (PostgreSQL / MySQL / MSSQL)
• Advanced Excel / Google Sheets
• Claude / AI tools

Preferred Qualifications

• Certifications: CISA, CIA, or CFE preferred.
• ACA / ACCA is acceptable when combined with strong technical product experience and data analytics.

Experience

• 3–5+ years in Product Audit, Systems Audit, Financial Data Analytics, or Payment Operations within a fintech or financial services environment.

Education

• Bachelor’s degree in Computer Science, Engineering, Mathematics, Finance, or a related quantitative discipline.

Compensation & Benefits

• Attractive salary
• Pension
• Health insurance
• Annual bonus
• Other benefits

Location

Nigeria

Hiring Process

• Preliminary phone call with a recruiter
• Interview with the hiring team
• Final conversation with a member of the executive team

Equal Opportunity

The organization is an equal-opportunity employer and is committed to creating an inclusive environment for all employees and candidates.