Internal Control & Compliance at Halogen Group

Job Summary

• The Internal Control & Compliance Specialist is responsible for developing compliance programs, reviewing company policies, performing and controlling the internal audit cycle, including risks and control management over operations’ effectiveness, financial reliability and compliance with all applicable directives and regulations.
• The jobholder will work to guarantee that our business processes and transactions follow all relevant legal and internal guidelines; obtain, analyze and evaluate accounting documentation, previous reports, data, flowcharts; prepare and present a report that reflects the audit’s results and document process.

Key Accountabilities

Internal Control

• Formulate policies and procedures to improve internal controls, compliance and efficiency
• Effective design, implement, document, assess and monitor internal control framework, including policies and key risks in order to ensure that there are adequate controls to prevent unintentional and intentional errors in financial reporting, processes and business operations.
• Anchor the process for internal controls reviews
• Deliver adequate and timely reporting on the internal control framework and control deficiencies to ensure appropriate communication, documentation, escalation to business partners, senior leadership
• Deliver adequate and timely action plans and monitor progress to address and resolve control deficiencies
• Work collaboratively with business and process owners to implement and monitor remediation efforts that result from internal control assessments, ensuring the effective implementation of corrective action.
• Develop testing methodologies to evaluate the adequacy of controls.
• Actively seek standardization and automation, apply and implement best practices for managing internal controls and deploy innovative technology where possible to enhance and continuously improve the design and operating effectiveness of the controls, documentation, assessment and review procedures. Compliance Management

Compliance Management

• Oversee all business operations relating to compliance including policies, procedures & service level agreements.
• Design and put in place monitoring systems to track statutory license renewals and address violations of regulatory requirements and internal policies & SLAs.
• Perform annual compliance risk assessment to understand the full range of its risk exposure, to include likelihood of the risk event occurring and the potential severity of its impact.
• Perform periodic audits on company policies, procedures and processes, assess the effectiveness of control systems and recommend effective improvements.
• Coordinate with different department managers to review all departmental compliance policies.
• Assist to facilitate employee training sessions on compliance issues.
• Provide supervision to Internal Control and Compliance Team Members Ensure conformance to QMS ISO9001:2015 requirements Risk Management

Risk Management

• Perform risk management processes involving identification, analysis, planning, monitoring, reporting, and control;
• Ensure risk assessment is updated to reflect identified controls that will impact the residual risk score Financial Accounting & Reporting

Financial Accounting & Reporting

• Prepare relevant accounting and financial reporting standards, practices, and applicable laws and regulations
• Develop and present related reports; identify base knowledge on regulation concepts, and its part in the specific business in relation to compliance management system
• Plan and perform operational and financial reviews/audits to spot errors and inefficiencies Checks/ Reporting/ Advisor

Checks/ Reporting/ Advisor

• Ensure timely reporting on internal control environment within the business processes by conducting spot checks on departments/ division/ branches and report any breach of policies on the Company’s operations.
• Conduct expense review and regular price intelligence for procurement control.
• Provide follow up on approved recommendations of internal and external auditors to ensure timely compliance.
• Advise on compliance with management policies and regulatory provisions at the branch level.
• Supervise timely submission of all Company's regulatory reports

Qualifications

• Minimum of a bachelor’s degree/ HND or equivalent preference for higher qualification
• Professional Certification such ICAN, ACCA or CIA is compulsory.
• Experience Minimum of 5 years of post-qualification in internal audit & control, finance, risk management and compliance experience from a highly structured organization.

Skills & Competencies

General Requirements:

• Ability to coordinate group projects and complex timelines
• Quality focused with a passion for continuous improvement
• Highly articulate, confident and persuasive team-builder
• Ability to make positive contributions towards business improvement and teamwork

Specific Requirements:

Functional Skills and Competencies

• Solid understanding and experience with internal control frameworks, risk and controls standards, audit methodologies & auditing standards, enterprise risk management, process improvements and financial reporting.
• Attention to details and strong analytical skills to include the ability to spot, assess and address risk, materiality and interdependencies and translate it into impact analysis for the financial reporting and recommendations for improvement.
• Professional, team player, proactive and highly motivated.
• Result oriented, creative, excellent problem solving and reasoning skills.
• Strong oral and written communication skills, including report writing skills and ability to influence others.
• Excellent organizational and interpersonal skills.
• Strong experience and interest on how technology and systems can support internal control effectiveness and efficiency.
• Ability to work well independently as well as the ability to work well with stakeholders.
• iStriving for continuous improvement and optimization.