Internal Control Officer at Elsadave

Description 
The responsibilities of an Internal Control Officer in a microfinance bank are critical to ensuring the institution's compliance, risk mitigation, and operational integrity:

• Conduct regular risk assessments to identify potential risks to the bank.
• Evaluate the impact and likelihood of identified risks.
• Prioritize risks and communicate findings to relevant stakeholders.
• Review financial records, operational processes, and internal controls to ensure compliance with policies and regulations.
• Prepare comprehensive control reports detailing findings and recommendations.
• Monitor the microfinance bank's adherence to regulatory requirements, internal policies, and industry best practices.
• Keep abreast of changes in regulations to ensure timely updates to internal controls.
• Implementing laid down strategies to detect and prevent fraud within the bank.
• Investigate and report on suspicious activities, recommending corrective actions.
• Collaborate to identify opportunities for process improvement and operational efficiency.
• Implement measures to enhance internal controls while maintaining streamlined operations.
• Maintain accurate and up-to-date documentation of internal control processes and procedures.
• Ensure that relevant stakeholders have access to the latest documentation.
• Prepare regular reports for management, summarizing key control metrics, audit findings, and recommendations.
• Communicate the results of internal audits and assessments to the appropriate stakeholders.
• Collaborate with different departments to ensure that internal controls are integrated into various operational processes.
• Track the implementation of corrective actions based on audit findings.
• Ensure that identified weaknesses or deficiencies are addressed promptly.
• Assess the effectiveness of information systems and technology controls.
• Ensure that technology-related risks are identified and mitigated.