Internal Control & Audit Manager at Innovectives Limited

Core Responsibilities

• Develop and implement process control measures for financial management, business operations, technology and shared services functions.
• Ensure Innovectives has adequate, cost effective, and well documented internal controls.
• Communicate approved process control strategies and action plans to promote a culture of transparency and accountability in business operations
• Ensure periodic checks on processes, accounts, inventories and company assets in accordance with regulatory policies and standards.
• Ensure that line managers are appropriately defining and operating their controls to cover the group from the major risks it may be exposed to
• Provide proactive risk management and compliance oversight from an internal control perspective
• Flag any identified or potential violations to operational policies/procedures and make recommendations on appropriate preventive/remedial action.
• Plan and manage fraud prevention, detection, reporting and recovery measures
• Investigate significant suspected fraudulent activities within Innovectives and notify management of the result
• Develop internal audit framework within which adequacy/quality/adherence to company-wide internal control procedures can be assessed.
• Keeps abreast of developments in the industry regulations both global and domestic and assess their impact on InnovectivesТ operations.
• Work with external auditors during audit exercises to meet their requirement and to resolve any issues identified.
• Plan and manage whistle-blow policy sensitization in partner with external auditors.
• Prepare annual internal audit plans and programmes indicating scope, approach, and resources requirements for each financial year
• Develop and update internal audit operating procedures manual
• Report risk & compliance in an appropriate way to different levels within the business
• Provide support, education and training to staff to build risk awareness within the organization.

Minimum Qualification

• Graduate degree in a numerate course
• Minimum 3 years experience in a similar role
• Masters degree is an added advantage
• Professional certification in accounting, finance or investment management

Skills:

• In-depth knowledge and understanding of fraud and business loss risk areas, prevention, investigation and recovery
• Have knowledge of regulatory compliance requirements for the payment systems and broader financial services industry
• In-depth knowledge of process design and operations management in financial services and/or payment systems industry