Internal Auditor

COMPANY OVERVIEW

PayRose (formerly known as Cyberstar) is a Prague-based regulated payment institution preparing its application for a Large Payment Institution license (PI) with Czech National Bank. Our business model is transaction-volume driven and includes high-volume payment flows, safeguarding accounts, and future crypto on-/off-ramp integrations.

ROLE OVERVIEW

We are seeking an experienced Internal Auditor to join our growing team in Prague. This role is crucial in maintaining our robust internal control framework and ensuring compliance with Czech National Bank regulations, PSD2 directives, and SEPA requirements.

KEY RESPONSIBILITIES

Audit Planning & Execution

• Develop and implement comprehensive annual audit plans aligned with regulatory requirements
• Conduct risk-based audits of payment processing operations, IT systems, and business processes
• Evaluate effectiveness of internal controls related to SEPA transactions and payment flows
• Review compliance with AML/CFT regulations and KYC procedures

Regulatory Compliance

• Monitor adherence to Czech National Bank regulations and European payment directives
• Assess compliance with PSD2, GDPR, and SEPA scheme requirements
• Coordinate with external auditors and regulatory authorities during inspections
• Track implementation of new regulatory requirements

Risk Assessment & Reporting

• Identify and assess operational, financial, and compliance risks
• Prepare detailed audit reports with actionable recommendations
• Present findings to senior management and board committees
• Monitor remediation of audit findings and track corrective actions

Process Improvement

• Recommend enhancements to internal control systems
• Support development of policies and procedures
• Collaborate with departments to implement best practices
• Contribute to fraud prevention and detection strategies

REQUIRED QUALIFICATIONS

Education & Certifications

• Bachelor's degree in Finance, Accounting, Economics, or related field
• Professional certification preferred (CIA, CISA, ACCA, or equivalent)
• Knowledge of Czech and EU financial regulations

Experience

• Minimum 3 years of internal audit experience, preferably in financial services
• Experience with payment systems, banking, or fintech companies highly valued
• Understanding of SEPA payment schemes and cross-border transactions
• Familiarity with ISO 27001 and PCI DSS standards advantageous

Technical Skills

• Strong knowledge of audit methodologies and risk assessment frameworks
• Proficiency in data analysis tools and audit software
• Understanding of IT controls and cybersecurity principles
• Experience with payment processing systems and APIs

Language Requirements

• Fluent English (written and spoken) mandatory
• Czech language proficiency mandatory
• German language is a plus

Personal Competencies

• Exceptional analytical and problem-solving abilities
• Strong attention to detail and accuracy
• Excellent written and verbal communication skills
• Ability to work independently and manage multiple projects
• High ethical standards and integrity
• Diplomatic approach when dealing with sensitive issues

WHAT WE OFFER

• Competitive salary commensurate with experience
• Key control function in a regulated institution
• Opportunity to shape the risk framework from an early stage
• Direct involvement in large PI application process with CNB

HOW TO APPLY

Interested candidates should submit:

• Detailed CV in English
• Cover letter explaining your interest in the position