Internal Control Officer at Meristem Securities Limited

Job Summary

• To carry out an independent appraisal of the effectiveness of the policies, procedures and standards by which Meristem's financial, physical and information resources are managed
• To ensure strict adherence to internal and external policies, controls and procedures and maintenance of quality service delivery within the company.

Job Details

• Design, implement and continuously review internal control and audit procedures
• Review Daily Trade Postings and matching same with CSCS Trade Details and ensuring correct posting of the CSCS/In-house Net Trades into MERISTEM Trading Account.
• Regular review of Audit Trail of Reversals, Transfers and Payment of funds
• Perform Monthly and Quarterly review of Statutory Reports to CSCS, SEC and NSE
• Perform rendition of weekly/monthly returns to EFCC on Anti-Money Laundering
• Periodic review of General Ledgers (Cash Advance & Petty Cash inclusive), Trial Balance and other Final Accounts
• Continually communicate key organizational controls, policies, approval limits within the company 
• Document Exceptions arising from Internal Control Investigations and make recommendations to the Management for review and approval.
• Conduct thorough and objective examination of financial transactions records
• Prepare and present Internal Control reports identifying weaknesses and suggesting new procedures, controls and policies
• Assist external auditors (acting as intermediary between External Auditors and Accounts Dept) during external audits to meet their requirements and to resolve any issues identified
• Periodically monitor process execution in operational areas from start to finish
• Liaison with Risk Management Committee to develop risk management strategies to mitigate identified risks in the organization.
• Ensure daily & weekly backup of data with copies sent to the offsite location and Montgomery storage vaults.
• Weekly review of Bank reconciliation & Statements
• Document Exceptions arising from Internal Control Investigations and make recommendations to the Management for review and approval.
• Take inventory of fixed assets and ensure regular update of the asset register
• Monitor quality of internal and external procurement processes for the company
• Conduct thorough and objective examination of financial transactions records
• Prepare and present Internal Control reports identifying weaknesses and suggesting new procedures, controls and policies
• Perform other duties as may be assigned from time to time
• Generation of Weekly Internal Control Report to the MD/CEO
• Any other assignment as may be assigned by your supervisor

Requirements

• Bachelor’s Degree or its equivalent.
• A good first degree in any management science/social science related discipline preferably in accounting. Finance, Business Administration & Economics
• Professional qualification e.g. ACA, ACCA, ACIB, CISA or MBA will be an added advantage.
• Experience with a similar position in the banking sector/financial services sector.