Team Lead, Operations Control at ARM Hold Co.

Description

Job Summary:

The Job Holder is responsible for supporting the organization’s operations by evaluating and assuring its business procedures, processes, and controls, and guaranteeing that operations control framework and control systems are effective in minimizing operational inefficiencies and losses.

Duties and Responsibilities

• Manage Relations with stakeholders: Manage the interface with internal stakeholders (such as Fund Accounts, Treasury and Fund Administration) and the external auditors in the review of the Institution’s transactions and activities.
• Manage Internal Audit issues: Monitor the resolution of internal audit issues and follow up with the different operations teams to ensure that they are resolved timely.
• Develop and enhance the control framework: Develop the Company’s control framework including policies and procedures in line with local and international best practice standards.
• Supervise Reconciliations of assets: conduct and supervise daily reconciliations of bank accounts, monthly reconciliations of bonds, treasury bills and other assets.
• Manage Control Processes: Participate actively in the design and integration of control frameworks into the Company’s business processes and systems, in compliance with regulatory requirements. The Position Holder is also responsible for the monitoring and periodic review of various internal control mechanisms to test the effectiveness of the Company’s internal control mechanisms, and report on observed weaknesses within Operations Department.
• Review of client reports: Review of clients’ reports to ensure that transactions and assets are correctly recorded and valued.
• Daily Control Reporting: Generate reports on daily pricing of Report, bank reconciliations, and other exception reports of non-compliance of controls.
• Exception Monitoring: Manage the monitoring, and reporting of exceptions across the operations, including portfolio valuation reports, review of administration fees, etc.
• Transaction and Reconciliation Reviews: Review operations transactions, review organization’s general ledgers, reconciliation statements and associated transactions.
• Monitor Audit Exercises: Monitor external audit engagements of portfolios and mutual funds and liaise with the external auditors so that the audit engagements are completed within the expected timelines. The Position Holder is also responsible for following up with all stakeholders to provide the external auditors with the audit requirements.
• Support Team’s Development: Provide advice, guidance, and assistance to less experienced colleagues as required.

Requirements

Educational Qualifications:

• Bachelor Degree from an accredited university
• Professional certification in finance and/or risk management from a recognized professional body (e.g. CGMA, ACCA, ICAN e.t.c)

Key competencies:

• Risk Management Policies and Procedures
• Risk Identification and Assessment
• Risk Response and Reporting
• Internal Control
• Process Management
• Financial Analysis
• Management Reporting
• Strategy
• Market and Regulatory Environment