Risk & Internal Control Manager at Covantage Business Process Outsourcing Limited

Job Description

• This role is responsible for advising Management of any potential risks that may affect the reputation, safety, security, financial sustainability and existence of the organization.
• It is expected to provide a better assessment of the risk management policies and protocols in order to come up with policies and recommendations to avoid threats, reduce or transfer risks and/or mitigate the effects of those which are essentially unavoidable.
• The responsibility includes managing the risks associated to the organization, employees, customers, reputation, assets and interests of stakeholders.

Responsibilities

• Develop, implement and co-ordinate the organisation’s internal control management strategy.
• Ensure compliance of business activities to documented processes
• Monitor and drive compliance of all business areas and processes with regulatory and statutory requirements
• Implement, support and audit relevant quality assurance systems across the organization
• Ensure that all work is delivered within the budgetary and resource constraints
• Perform audits and evaluate compliance level with policies, processes and regulations. Identify control weaknesses or process improvement opportunities and initiate workable solutions
• Conduct monthly review of bank reconciliation statements for all existing bank accounts and monthly call over/review of transactions focusing on appropriate posting of transactions and ensuring compliance with statutory deductions
• Investigate and report all alleged cases of fraud, waste, abuse and inefficiencies and make recommendations on appropriate preventive or remedial actions

Years of Experience Required

• 5-7 year’s relevant experience in the Financial services industry. ACA or ACCA certification is required for the role.