Internal Control Officer at Stanbic IBTC

Position Description

• • Build a strong compliance environment to ensure zero level of policy, procedures and regulatory infractions.
• • Ensure prompt and effective call over of branch transactions.
• • Build strong awareness in branch staff on all policy and procedures issues; zero tolerance for open GL Items, unreviewed transactions and income leakages

Key responsibilities

• • Call over of Transactions as per the approved threshold.
• • Carrying out spot checks and review of activities in the branches under coverage, cash count and vault administration, funds transfer, Clearing processes and returned cheques, etc, ensuring adherence to policies and procedures
• • Review of system exception override message report.
• • Review of GL/P&L Movement Report.
• • Conduct Seriality checks /test on Managers Cheque/Bank draft in the branches under coverage.
• • Review of Suspense/Transit/Proxy Accounts.
• • Review of expense and cash advances and ensure conformity with laid-down policies.
• • Carrying out security sweep at least once in a month.
• • Daily review of accounts closure and transfers.
• • Ensure complete and accurate recognition of all fees and charges on every relevant account.
• • Review of Fixed Asset Register
• • Review of Finacle users’ profile
• • Review KYC compliance.

Key performance measures

• • Control Adequacy rating from Internal Audit.
• • Promptness and effectiveness of call over of transactions.
• • Quantum of undetected regulatory/statutory infractions from External Auditor and Regulators’ reports.
• • Quality and Timeliness of losses and loss events reporting in processing areas
• • Undetected Income leakage/P&L reversal arising from undetected processing errors
• • Integrity of the GL accounts in the Business offices of the region.
• • Promptness, Accuracy and Validity of Exception Reporting/Rendition of all Control Activity Reports
• • Effectiveness at follow up to ensure that Internal Audit recommendations are implemented