Internal Control Executive at Ascentech Services Limited

Job Description

• The Internal Control Executive is responsible for supporting the design, implementation, and maintenance of an effective internal control framework.
• This role involves evaluating the adequacy and effectiveness of controls, identifying areas of risk, and recommending improvements to mitigate those risks.
• The Internal Control Executive works collaboratively with various departments to ensure compliance with policies, procedures, and relevant regulations.

Responsibilities

• Assist in the development, implementation, and maintenance of the internal control framework, including policies, procedures, and control documentation (e.g., process narratives, risk and control matrices).
• Maintain up-to-date documentation of key controls and processes.
• Support the annual review and update of the control framework.
• Conduct testing of key controls to assess their design and operating effectiveness.
• Document testing procedures, findings, and conclusions in a clear and concise manner.
• Identify control deficiencies and recommend corrective actions.
• Follow up on the implementation of corrective actions to ensure timely remediation.
• Participate in risk assessments to identify and evaluate key business risks.
• Assist in the development of risk mitigation strategies.
• Monitor the effectiveness of risk mitigation activities.
• Monitor compliance with relevant laws, regulations, and internal policies.
• Assist in the development and delivery of training programs on internal controls and compliance.
• Collaborate with various departments to understand their processes and controls.
• Communicate control deficiencies and recommendations to relevant stakeholders.
• Build and maintain effective working relationships with internal and external stakeholders
• Participate in special projects related to internal controls, risk management, and compliance.
• Contribute to the continuous improvement of the internal control function.

Qualifications

• Bachelor's Degree in Accounting, Finance, Business Administration, or a related field.
• 2 - 4 years of experience in internal control, internal audit, or a related field.
• Strong understanding of internal control frameworks (e.g., COSO).
• Knowledge of risk assessment methodologies.
• Experience with control testing and documentation.
• Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint).
• Excellent analytical, problem-solving, and communication skills (both written and verbal).
• Ability to work independently and as part of a team.