Internal Audit Officer

PayMongo builds the most advanced online payments infrastructure in SE Asia, starting in the Philippines. Over the next few years, we will build a broad suite of products that aims to lower the barriers and remove all the complexities in payments. We are rapidly expanding to serve diverse needs of thousands of business. To continue on this exponential period of growth, we seek to build the best and the most diverse team of thinkers, doers and starters.

As an Internal Audit Officer, you will report directly to the Head of Internal Audit and collaborate on planning, executing, and reporting on operational, IT systems/technology, compliance, and financial audits. You will serve as a subject matter expert on internal controls, risk management, governance processes, regulatory requirements, and best practices in the fintech industry. In this role, you will conduct audits designed to evaluate the efficiency and effectiveness of business operations, assess the reliability of financial reporting, and ensure compliance with applicable laws and regulations. You will work with cross-functional teams to proactively identify risks, recommend control enhancements, and support the organization in achieving its strategic objectives by improving operational, technological, and financial integrity.

You will:

• Plan, execute, and report on audits of operational processes and procedures to evaluate their efficiency, effectiveness, and compliance with internal policies and regulatory requirements. Assess the adequacy and effectiveness of internal controls in these areas, identifying operational risks, and recommending appropriate risk mitigation strategies.

• Conduct thorough audits of IT systems, applications, and infrastructure to ensure data integrity, security, and adherence to BSP regulations. Collaborate closely with Infrastructure, Information Security, and Engineering teams to evaluate the effectiveness of IT controls, including access controls, change management, and disaster recovery plans. Apply your technical expertise, including coding knowledge, to review and assess the robustness of code and software development practices, ensuring they align with best practices and regulatory standards.

• Proactively evaluate the security of information systems, identifying vulnerabilities, and recommending improvements to protect against evolving cyber threats.

• Perform targeted audits of financial processes, including accounting, budgeting, and financial reporting, to ensure accuracy, integrity, and compliance with regulatory requirements. Assess the effectiveness of internal controls over financial reporting, making recommendations for improvements. Review financial statements and reports to ensure they are accurate and complete.

• Partner with the Risk and Compliance Office to stay updated on BSP regulations and other relevant regulatory requirements affecting the fintech sector. Ensure the organization’s compliance through regular audits and reviews, and provide guidance on regulatory matters and best practices.

• Identify and assess risks across operational, IT, and financial areas. Develop and implement audit plans to address these risks, and monitor the effectiveness of risk mitigation strategies.

• Perform consulting engagements based on the audit plan.

• Stay updated in industry regulations and news that is relevant to the work.

• Work with the Head of Internal Audit to prepare comprehensive audit reports that clearly communicate findings, recommendations, and action plans. Present audit results to senior management and the Board of Directors, ensuring transparency and accountability.

• Track the implementation of audit recommendations, ensuring that corrective actions are completed in a timely manner. Promote continuous improvement of internal audit processes and methodologies.

• Utilize strong technical skills, including coding, to audit IT processes and the quality and security of the codebase, ensuring that the engineering team’s coding practices meet high standards of governance and security.

You may be a fit if:

• You have a Bachelor’s degree in Accounting, Finance, Information Technology, or related field.

• You have a minimum of 4 years of experience in internal auditing, preferably in the financial technology sector.

• Strong understanding of financial regulations and other relevant regulatory requirements and compliance.

• You demonstrate a strong understanding of internal control frameworks and risk management principles.

• Excellent analytical, problem-solving, and communication skills.

• You are digitally proficient in various tools and applications such as Office 365, Google Workspace, ClickUp and Slack.

• Proficiency in data analytics techniques is a plus.

• Ability to work independently and as part of a team.

• High level of integrity and professional ethics.

• You will have an advantage if your are a Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA), or you have other equivalent certifications

You have a competitive advantage if:

• You have strong technical expertise and solid understanding of software development processes, demonstrating the ability to audit IT processes as well as the ability to execute code audits (software written in Ruby on Rails, ReactJS, Python or SQL)

PayMongo is a financial technology company enabling businesses to receive payments online easily. We started the company in March 2019, and we are backed by Silicon Valley's most forward-thinking investors including Y Combinator, Peter Thiel, Founders Fund and Stripe. We are looking for people with passion, grit and the integrity to help us build the future of payments.