Internal Audit Executive

Key Responsibilities

• BNM Policy Compliance Auditing: Plan and execute audit programs to verify total alignment with the BNM Merchant Acquiring Services framework, focusing on governance, operational risk management, and capital maintenance rules.
• Merchant Onboarding & KYC Audits: Audit the due diligence, Know-Your-Customer (KYC), and "fit and proper" processes used during merchant recruitment to ensure fraudulent or high-risk entities are systematically blocked.
• Settlement Risk Monitoring: Review settlement cycles to ensure funds are processed and disbursed to merchants accurately, transparently, and strictly within the BNM-recommended timelines (generally two to five working days).
• Technology & Cybersecurity Alignment: Partner with IT auditors to review transaction security, real-time fraud monitoring systems, and adherence to BNM’s newly rolled-out Technology Requirements for Payment Services Regulates (PSR) framework.
• Fraud Risk & Incident Auditing: Assess the effectiveness of real-time fraud detection mechanism alerts, transactional velocity limits, and how effectively the business reports fraud incidents up to the Board and BNM.
• Outsourcing Review: Audit third-party partnerships (such as independent sales organizations, terminal providers, or external tech vendors) to verify compliance with BNM outsourcing guidelines.

Qualifications

• Bachelor’s degree in Accounting, Finance, Business, Law, or Information Systems.
• 2 to 4 years of experience in Internal Audit, Risk Management, or Compliance—specifically within FinTech, E-Money, Payment Gateways, or Acquiring Banks.
• Regulatory Knowledge (Critical): Strong, practical understanding of Malaysia’s Financial Services Act (FSA) 2013, the BNM Merchant Acquiring Services policy, and local anti-money laundering (AMLA) requirements.
• Technical Skills:
• Familiarity with merchant payment infrastructure (POS systems, QR code ecosystems, online payment gateways).
• Basic data analytics skills (SQL, Excel, or Power BI) to track down transaction discrepancies or settlement anomalies.
• Soft Skills: High professional integrity, objective judgment, and the confidence to challenge and guide business operations teams on regulatory protocols.

Benefits:

• Competitive salary based on experience and qualifications, with performance-based bonuses.
• Health and wellness benefits.
• Company Trip
• Career growth and professional development opportunities.
• Dynamic, collaborative, and innovative working environment.
• Opportunity to contribute to a fast-growing fintech company shaping the future of digital payments.
• Opportunity to make a meaningful impact on the company's brand, marketing strategy, and digital presence.