Career Opportunities in a Financial Institution

JOB PURPOSE

• Independently assess the effectiveness of controls and determine the potential impact of any control failure and the corrective actions required.
• Highlight to management all concerns arising from failure ofcontrols that could result in losses and/or reputational risks.
• Ensure that the reviews conducted have a corrective action follow upmechanism
• Ensure adherence to corporate policies and local policy as well aslocal and global regulatory environment.
• Participate in all aspects of assessments, in accordance withInternal Audit standards and/or regulatory statutes.
• Participate in training and developing other staff in audit, riskassessment techniques and accounting principles.
• Understand and accurately evaluate risks and controls as they relateto business objectives.
• Use available technology and automation tools to appropriatelyimprove processes within the department and business in general.Develop an in-depth knowledge and understanding of the business andto acquire greater knowledge of the products and processes.
• Implement the Fraud Management program appropriate for the businessin conjunction with BUFM and CSIS.
• Have over-sight on the functions on the Bank's Information Securityofficer (BISO). This role is responsible for the Business complianceto information security standards, information security criticalityassessments, 3rd-party assessments, entitlements reviews, residualrisk.
• Responsible for the control of execution of the Self-Assessmentprocess, all Risk Assessment, Corrective action plans (CAP)follow-ups, Audit follow ups, ensure compliance with policies bycountry & legal vehicle, produce valuable matrix to allow managementcontrol all aspects of the Operations business.JOB BACKGROUND/CONTEXT
• Revenues: Ops control is supporting the business directly throughcontrols, reconciliation and MCA coordination to eliminate all lossesto the business
• Expenses: Direct expenses are incurred through carrying out of theindependent reviews and controls
• Headcount: Responsible for optimal utilization of approved headcountto meet effective controls and any required reporting to seniormanagement.
• Assets: Control over the assets of the bank through reviewingcertain balance sheet accounts

KEY RESPONSIBILITIES

• Planning the audit reviews by selecting the appropriate auditapproach, methodology and preparing the test plan that best suits theproduct and process.
• Evaluate the adequacy and effectiveness of internal control byAnalysing/flowcharting the different processes in order to evaluatecontrols, identify inefficient processes.
• Performing the actual audit tests, selecting sample, performinganalytical reviews, and checking adherence to corporate policies.
• Preparing audit reports for senior management, discussing issueswith relevant business unit heads.
• Influencing the design and improvement of processes to ensure thatappropriate controls exist to manage risks
• efficiently.
• Responsible for communicating to upper management issues thatsurface and unresolved issues.
• Co-ordinating the Operations and Technology self-assessment (MCAs)and DCFCs processes for the bank.
• Co-ordinate the day-to-day functions of other employees in the Unitand to up-date the Proof-Charts.
• Assist the Fraud Manager on handling, investigating and reporting offraud incidents and attempts.
• Ensure that all performance indicators/KRIs for management fromOperations Control are availed as and when required.
• Co-ordinate and undertake training of all new staff on role ofOperations Control and basic Business expectation from the staff.Assign work to other staff in the unit.
• Undertake consolidation of functions (or Outsourcing) that wouldotherwise lead to inefficiency when done departmentally for instanceDeviation approvals and bank wide departmental designations.
• Any other function/duty or responsibility that may be assigned fromtime to time as deemed appropriate by the business.

EDUCATION

• BSC/HND in Accouniting, banking,or equivalent related undergraduatedegree ACA/ACCA certification

EXPERIENCE

• 5-7 years’ work experience in banking