PayMongo is the Philippines leading financial operating system, enabling businesses to accept payments, manage finances, and scale effortlessly. Over the next few years, we aim to redefine the financial landscape with innovative solutions that simplify and empower business growth.
The Internal Audit Officer plays an integral role in supporting PayMongo's mission by providing independent and objective assessment of the company's operations to guarantee that internal control processes, governance and risk management are present and effective. These activities not only serve the community of PayMongo but also provide confidence to the regulators that oversee the company. The Internal Audit Office collaborates on activities for operational, IT, Compliance and Financial Audits from planning, execution and reporting. The role serves as a subject matter expert on internal controls, risk management, governance processes and regulatory requirements. The Internal Audit Office will conduct audit activities designed to evaluate the existence, effectiveness and efficiency of controls over business operations, compliance with applicable laws and regulations, and support overall assessment of reliability of financial and operational reporting. The Internal Audit Officer works with cross-functional teams to pro-actively identify risks, recommend control enhancements and support the organization in achieving its strategic objectives by improving operational, technological and financial integrity.
You will:
- Participate in planning, execution and reporting on operational audits to evaluate efficiency, effectiveness and compliance of procedures and its alignment to internal policies and regulatory requirements. Assess the adequacy of internal controls and identifying operational risks to be able to recommend appropriate risk mitigation strategies.
- Conduct audit of systems, applications and infrastructure to ensure integrity and security of data and systems and adherence to regulatory requirements from BSP and AMLC. Collaborate with Infrastructure, Engineering and Information Security, to evaluate effectiveness of IT Controls in areas such as, but not limited to, Access and Change Management, IT Disaster Recovery and Cloud Administration.
- Continuous evaluation of the Information Systems and identifying its vulnerabilities to develop recommendations for improvements to protect against evolving cyber threats.
- Perform targeted audits of financial processes such as accounting, budgeting and financial reporting, to ensure accuracy, integrity and compliance with regulatory requirements. Assess the effectiveness of internal controls over financial reporting and develop recommendations for improvements. Review of financial statements and reports to ensure accuracy and completeness.
- Continuous monitoring of implementation of audit recommendations to ensure action plans are completed in a timely manner.
- Perform tasks according to the approved audit program and within the audit calendar.
- Support the Head of Internal Audit in preparation of comprehensive audit reports that clearly communicates observations, findings and recommendations.
- Collaborate with the Risk and Compliance Office to stay updated on rules and regulations from BSP, AMLC and other agencies that the company is mandated to comply with.
- 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. Participate in the development and implementation of the audit plan to address identified risks and monitor the effectiveness of risk mitigation strategies.
- Stay updated in industry regulations and news that is relevant to the function and the industry to promote continuous improvement of the internal audit process and methodologies.
- Contribute to development of training and learning materials and activities catered by Internal Audit or other business units supported by IA.
- Management of administrative, learning and development and any other non-engagement matters of the team, as needed.
You may be a fit if:
- You have a Bachelor's degree in Information Technology, Computer Science, Computer Engineering or related field.
- You have a minimum of 5 years of collective experience in internal auditing, preferably in the financial technology sector.
- You posses technical expertise on financial operations, IT processes and e-commerce
- You are digitally proficient in various tools and applications such as Office 365, Google Workspace, ClickUp and Slack. Proficiency in data analytics is a plus
- You are a Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA). Certified Lean Six Sigma, or you have other equivalent certifications. Certified Public Accountant (CPA) is a plus, but not required.
- You have excellent analytical, problem-solving, and communication skills. Are adaptable and receptive especially on business trends and applicable strategies for the organization
- You demonstrate the ability to work independently and as part of a team
- You have a high level of integrity and ethics
- You have strong understanding of financial regulations and other relevant regulatory requirements and compliance
- You have expert knowledge of internal controls framework, enterprise risk and fraud management principles
- You have knowledge of the Agile Audit Methodology
