Internal Control Executive at Ascentech Services Limited

Summary:

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.
• Experience with data analytics tools.
• Communication (written and verbal)
• Teamwork
• Integrity and ethics