Internal Control Specialist – Focus on Business and Accounting Processes, Risks and Controls

As an Internal Control Specialist focused on Business and Accounting Processes, you will play a hands-on role in assessing, testing, documenting, and enhancing CloudWalk’s internal control environment across Finance, Operations, Payments, Billing, Treasury, and other business-critical areas.

• 1. Execution of Business & Accounting Control Testing
• Perform design and operating effectiveness testing for controls across:
• Procure-to-Pay (P2P), Order-to-Cash (O2C) / Payments lifecycle, Record-to-Report (R2R), Financial Close and Accounting processes, Treasury and cash management, Reconciliations and financial data integrity, Revenue recognition and billing
• Evaluate evidence, validate process documentation, and ensure controls operate as
• intended.
• Identify deficiencies, document results, and track remediation plans.
• 2. Risk & Control Assessments (Business and Finance Focus)
• Support the execution of risk and control assessments for business and accounting
• processes.
• Map end-to-end processes, identify key risks, and evaluate the adequacy of controls.
• Assist in ensuring processes reflect regulatory expectations and best practices for S3/S4
• institutions.
• Contribute to identifying risks related to:
• Payment flows and settlements, Merchant operations, Financial reporting, Fraud prevention, Data accuracy and completeness, Third-party dependencies
• 3. Process & Control Documentation
• Develop and maintain process narratives, flowcharts, control matrices, and standard
• operating procedures.
• Ensure documentation remains aligned with evolving products, regulations, and
• organizational changes.
• Work with Accounting, Finance, Operations, and Product teams to ensure accuracy.
• 4. Incident & Deficiency Follow-Up (Business Control Perspective)
• Support analysis of control failures related to financial or business processes.
• Conduct or assist with root cause analysis (RCA) to identify underlying issues.
• Track corrective action plans and validate remediation effectiveness.
• 5. Collaboration with Finance, Operations & Product Teams
• Work cross-functionally to embed control requirements into business processes.
• Partner with Accounting and FP&A to support financial reporting accuracy.
• Collaborate with Payments and Operations teams to ensure safe and scalable operational
• flows.
• Promote awareness and understanding of internal controls across the organization.
• 6. Governance, Reporting & Continuous Improvement
• Assist in preparing dashboards and management reports on control performance.
• Track key themes, systemic issues, and emerging risks in business and accounting
• processes.
• Identify opportunities for process optimization, automation, and enhanced control design.

Education and Experience

• Bachelor’s degree in Accounting, Business Administration, Economics, Engineering,
• Finance, or related areas.
• Experience in Internal Controls, Audit (internal or external), Operational Risk,
• Compliance, or Accounting within financial institutions, fintechs, or SOX-regulated
• companies.
• Experience with SOX (Sarbanes-Oxley) controls, documentation standards,
• walkthroughs, testing methodologies, and deficiency remediation is a strong
• advantage.
• Familiarity with internal control and governance frameworks (COSO, COBIT, ISO, etc.)
• is a plus.

Technical Skills

• Strong understanding of accounting principles, financial cycles, and business process
• controls.
• Ability to evaluate reconciliations, journal entries, accounting estimates, and financial
• documentation.
• Experience analyzing process evidence and identifying control weaknesses.
• Strong documentation and analytical skills; ability to translate complex processes into
• clear narratives or flowcharts.
• Previous exposure to ERP systems, financial tools, BI dashboards, or reconciliation
• platforms is beneficial.

Soft Skills

• Analytical, detail-oriented, and curious mindset.
• Strong communication skills with finance and non-finance stakeholders.
• Proactive, organized, and capable of managing multiple priorities.
• Hands-on mindset with high ownership.