Internal Control Officer at VFD Group

Job Description

• Responsible for implementing Internal audit, Control, Risk Management, Corporate Governance system in the organisation and its entities.

Key Task

• Ensure proper internal audit and control system
• Implement risk management system
• Investigate fraud within the organization
• Carry out Audit activities and prepare reports

Responsibilities

• Coordinate the compilation and continuous review of a detailed transaction process flow for all key activities in the organisation and define control measures to ensure compliance.
• Supervise the execution of VFD’s control procedures on financial processes such as revenue collection, receivable and asset management, investments, international operations, etc.
• Prepare/ review internal audit reports covering audit activities, findings and overall assessment of control environment.
• Ensure all financial transactions are bona-fide, accurate and processed in line with established policies and procedures and coordinate the review of all payment vouchers to both internal and external parties.
• Keep abreast of global and local best practice as it relates to the internal audit operations.
• Establish and maintain relationships with key internal and external stakeholders.
• Coordinate the review of business/ operating processes and practices and information systems to ensure the adequacy of existing controls as well as mitigate errors, irregularities and fraud.
• Perform investigations into suspected fraudulent/sharp practices across the organisation and recommend the appropriate line of action in response to findings.
• Investigate client complaints and provide reports on same.
• Prepare audit reports and advise units and committees on departure from policies, procedures, and other exceptions.
• Prepare/compile agreed periodic activity and performance reports for the attention of the CEO and relevant Board Committee.
• Good back up support on operation/ transaction review.
• Perform any other duties as assigned by the CEO/ Board.

Key Performance Indicators

• Savings on income leakages
• Timely and discreet execution of investigations
• Number of timely conducted audits
• Reduced fraud cases
• Comprehensive, clear, and constructive audit and fraud reports
• Reduced number of mitigated risk
• Minimum exceptions found by external auditors

Specification/ Qualification
Qualification:

• First degree or its equivalent in a numerate discipline (Accounting, Economics, Finance, etc), MBA or Master’s degree in Finance or Accounting required

Minimum Experience:

• 4 years relevant experience of which at least a year must have been spent in a similar role in the financial services industry

Professional Membership:

• Chartered membership of ICAN/ ACCA required

Competence Requirements
Core Skills:

• Knowledge of audit techniques and methods required
• Knowledge of corporate governance practices
• Knowledge of finance, accounting, budgeting, and cost control principles
• Ability to analyze financial data
• Ability to read large volumes of documents effectively and extract necessary information
• In-depth understanding of the organization’s business issues
• Communication & Presentation
• Good report writing skills
• Negotiation
• Working knowledge of Microsoft Office Suite & the Internet

Generic Skills:

• Team work
• Integrity
• Pro-activity
• Detail orientation
• Interpersonal
• Time Management
• Organisation
• Team work