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

CloudWalk, Inc. is a fintech company focused on reinventing the future of payments with innovative technology and AI-driven solutions. The Internal Control Specialist will assess, test, document, and enhance the internal control environment across various business-critical areas to ensure financial accuracy and operational consistency.

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 is a strong advantage
• Familiarity with internal control and governance frameworks (COSO, COBIT, ISO, etc.) is a plus
• 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
• 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