About this role
Who We Are
Moniepoint Inc. is Africa’s all-in-one financial platform, helping 20 million businesses and individuals access seamless payments, banking, credit, cross-border, and business management tools each month.
As Nigeria’s largest merchant acquirer, we power most of the country’s point-of-sale (POS) transactions. Through our subsidiaries, Moniepoint Inc. processes over $250 billion in digital payment transaction value annually.
Job Title: Ebusiness Control Specialist
Department: Internal Control
Reports to: Lead, Ebusiness Control
About this role:
The Ebusiness Control Specialist role is responsible for overseeing and validating internal controls across Moniepoint MFB's digital payment platforms, electronic channels, and transaction processing systems. The role ensures that robust controls are designed and operating effectively to mitigate operational, digital transaction, and settlement risks. The Specialist will evaluate transaction flows across all Moniepoint products, API integrations, and payment channel reconciliations to safeguard digital operations. The position requires a deep understanding of internal control frameworks, digital risk management, e-payment regulations, and payment channel architectures.
Responsibilities:
• Develop and implement control testing programmes to validate end-to-end electronic transaction flows across all products including loans, POS, web, mobile, and API channels.
• Design and monitor daily reconciliation and control processes for loans, card switching platforms, payment gateways, and third-party processor integrations.
• Perform continuous risk assessments and control testing on all electronic channels - including payment, loans, chargeback management, and dispute resolution workflows.
• Evaluate revenue assurance controls for e-business products, verifying fee configurations, commission splits, and automated ledger postings.
• Review and monitor merchant settlement accounts, transaction staging accounts, and e-channel clearing suspense accounts for timely matching and resolution.
• Assess IT application controls, authorization logic, and parameter settings relevant to e-business applications and digital channel interfaces.
• Collaborate with Product, Technology, and Operations teams to ensure internal control requirements are embedded into new digital payment product designs.
• Develop and maintain an e-business control deficiency dashboard to track and remediate issues identified during channel reviews and audits.
• Conduct regular audits of digital channel access rights, privileged user activities, and transaction limits to prevent fraud and unauthorized activities.
• Monitor compliance with relevant payment system standards, regulatory guidelines for electronic channels, and digital risk management practices.
• Perform root cause analysis on digital channel control failures, transaction outages, or settlement discrepancies, recommending preventive me