• Application Deadline:
• Position: Product Auditor



• Job Type Full Time , Remote



• Qualification BA/BSc/HND , Professional Certificate



• Experience 3 - 5 years



• Location Lagos




• Job Field Finance / Accounting / Audit 
  
  

Role Overview

• 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


• 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.


• The Product Auditor will independently evaluate product risk exposure and control maturity prior to scale.

Key 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, ensuring coverage is allocated dynamically 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 analyse 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 hold recommendations 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, and test reversal, refund, and chargeback logic to confirm financial symmetry is maintained in every scenario.

Settlement & Ledger Integrity:

• Trace fund flows, confirming continuous synchronisation between wallet sub-ledgers and the General Ledger.


• Assess reconciliation logic for breaks and evaluate the authorisation, documentation, and reversibility of manual settlement overrides.

Product Change & Configuration Integrity:

• Confirm that all product modifications: fee tables, routing rules, limit parameters passed through an approved change management cycle.


• 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.

Vendor & Third-Party Product Risk:

• Assess controls over vendor-managed product components, evaluate SLA performance against contractual commitments, and identify single-vendor dependency risks within critical payment flows.


• Evaluate the organisation's ability to detect unilateral changes in third-party API behaviour, 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 without compromising independence.


• Participate in design reviews and architecture discussions, and build a control-by-design culture across product teams. 

Incident Review, RCA & Regulatory Alignment:

• Lead post-incident reviews for product failures,producing structured RCA reports that identify 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, and evaluate the 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 never surprised by a product failure that was visible at the design or portfolio review stage.

Qualifications

• Education: Bachelor’s Degree in Computer Science, Engineering, Mathematics, Finance, or a related quantitative discipline


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


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


• Sector Knowledge: Demonstrated hands-on familiarity with payment product architecture, wallet systems, and regulated payment flows in a Nigerian or comparable market context.

Technical Skills

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: Authorisation, 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,Nigerian consumer protection obligations etc.

Interpersonal & Professional Skills:

• Stakeholder engagement


• Professional scepticism and independence


• Risk-rated report writing.

Tools & Platforms:

• SQL (PostgreSQL / MySQL / MSSQL)


• AdvancedExcel / Google Sheets


• Claude / AI Tools.