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

CloudWalk is reinventing the future of payments, focusing on strong governance and reliable financial processes. The Internal Control Specialist will assess, test, and enhance CloudWalk’s internal control environment across various business-critical areas to ensure operational consistency and financial accuracy.

Responsibilities:

• 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
• 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
• 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
• 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
• 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
• 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

Requirements:

• 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
• 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
• Strong communication skills with finance and non-finance stakeholders
• Proactive, organized, and capable of managing multiple priorities
• Hands-on mindset with high ownership
• Familiarity with internal control and governance frameworks (COSO, COBIT, ISO, etc.) is a plus
• Previous exposure to ERP systems, financial tools, BI dashboards, or reconciliation platforms is beneficial
• Experience in data analytics, automation, and AI to enhance process reliability and financial accuracy