Internal Control Officer at Kedari Capital Limited

Job Description

Audit Planning and Execution:

• Prepare Audit Plan Memorandum and share it with the management.
• Conduct regular internal audits and reviews to assess compliance with applicable laws, regulations, and internal policies.
• Identify and address non-compliance issues and monitor changes in regulations.
• Supervise the daily call-over on transactions.

Operational Review.

• Review daily trade activities on Zanibal OMS and compare with CSCS figures for accuracy
• Review bond sales and purchase settlement before execution
• Review all coupon payments to our client for accountability and accuracy.
• Review all placement with bank to ensure competitiveness of interest rate offer.
• Review deposit and payment posting to the clients’ account
• Review all new client account opened on weekly basis to ensure that adequate document has been Submitted
• Review and approve all payment to clients.
• Review and approve all operational expenses.

Risk Management and Control:

• Assess the design and effectiveness of existing controls, identify control gaps and reportable issues, and recommend improvements.
• Implement appropriate operating procedures to ensure compliance with relevant regulations.
• Ensure compliance with existing financial policies and procedures, identifying and proposing modifications as needed.

Financial Reporting and Auditing:

• Review daily call over of postings to general ledger and identify any error or gaps
• Review weekly inflow and outflow to ensure that all transactions are adequately captured.
• Review monthly bank reconciliation statement for accuracy and accountability.
• Review the supporting schedules to the financial statements
• Review monthly income and expenditure as captured in the management accounts.
• Review financial statements to ensure the accuracy and reliability of financial reporting in line with extant laws, regulations, and IFRS.
• Liaise with the CFO to oversee the external audit exercise and ensure that recommendations are implemented.
• Follow up on audit action plans to resolve all action items before the next annual audit.
• Implement robust internal control systems in order to prevent and detect fraudulent transactions.

Training and Awareness:

• Sensitize departments on internal control, risk management, and compliance.

Internal Audit Framework:

• Review and update the Internal Audit Charter at least annually and ensure its implementation.
• Prepare quarterly audit reports for the Audit Committee on the effectiveness of management, risk, governance and control environment; deficiencies observed and management mitigation plans
• Conduct any reviews or tasks requested by Management.

Qualifications & Experience

• Bachelor’s degree in Accounting/Finance or its equivalent from a reputable university.
• Minimum of four 4 years post-Associate Chartered Accountant (ACA) experience with at least two (4)
• years internal control experience at the managerial level in the financial services sector
• Proven experience in Internal Control
• Excellent verbal and written communication skills.
• SEC sponsored/registered will be an advantage.

Skills & Competencies

• Financial Acumen
• Analytical skills and an eye for detail
• Industry and Market knowledge
• Excellent communication and presentation skills
• Strategic thinking capability