Internal Control Officer at The Central Securities Clearing System (CSCS) Plc

Job Description

Compliance Management

• Develop and monitor all policies, procedures and processes, ensuring compliance with all standards adopted by the company
• Conduct annual control effectiveness testing and provide continuous feedback on identified risk and control
• Create frameworks for the development of departmental controls and continuous monitoring of compliance with all approved controls across the company
• Make recommendations on new controls to be implemented, streamlining of old controls to ensure control objectives are achieved
• Investigate all system errors
• Assist to institutes controls in projects
• Ensure effective and efficient operation

Internal Control Process Management

• Review vendor presentations for adequacy of controls that would impact the company
• Increase control awareness in CSCS with presentation slides and report
• Facilitate the development of process and policy documentation for all company processes regarding the control environment and implementing a company-wide compliance programme.
• Prepare and present Control Environment reports to Senior Management on a regular basis while working with departments on the implementation of their individual compliance programmes
• Regularise evaluation of internal controls, conducts design and quality assurance tests to determine effectiveness/adequacy in meeting objectives and readiness for internal audits.
• Conduct periodic gap analysis of current processes, controls and compliance requirements with established frameworks and policies.
• Review Audit exception reports and works with departments to close all exceptions raised in the Audit report.
• Review transactions with need for Internal Control approval, giving approvals for compliant transactions while providing guidance for cases of control breaches.
• Provide regular updates on issues relating to IT policies and procedures, identifies changes to requirements with control or process impact and communicates to management for approval and implementation.
• Develop and implement standard policies, procedures, flowcharts and tools to ensure compliance with best practice and audit requirements
• Acts as key stakeholder in ensuring timely completion of annual risk assessments across the company contributing to the review of the control environment
• Develop and manage IT policies and processes ensuring compliance within the IT department
• Assist with the maintenance of all IT compliance policies and documentation using applicable frameworks

Requirements

• Minimum of a first degree in Accounting or Finance related discipline from a reputable institution.
• Minimum of five (5) years’ post-graduation experience within the Capital Market or Financial Services Sector with at least three (3) years’ managerial experience.
• Professional audit and/or accounting certification, CISA, ACA (or ACCA, CIA, IIA etc.)