Latest Jobs at ARM Holdings

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

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Description

Job Summary:

The officer will be responsible for ensuring accuracy, completeness and reliability of transactions reconcilied from bank statements to mutual funds, institutional schemes, portfolios and third party clients on core applications.

Principal Duties and Responsibilities:

• Perform daily review of bank statements to identify outstanding transactions and ensure resolution of reconciling items between the bank statements and the core applications.
• Ensure that all transactions on behalf of clients are properly recorded and captured in the relevant core applications by carrying out daily reviews.
• Ensure that all adjusting items such as bank charges are booked timely in the fund/portfolio management application.
• Reconcile all cash transactions and investments in equities and fixed income instruments – such as money market and bond instruments for mutual funds, institutional schemes, portfolios and thiird party clients .
• Escalate exceptional or aged items to the Portfolio Managers, Retail Operations, Fund Administration, Fund Accounts and Treasury teams to ensure timely implementation of remedial actions to address identified exceptions.
• Escalate instances of persistent internal control issues to Supervisor.
• Create and update an issue log report periodically when there is any reconciliation gap. Follow through with the resolution of the gaps and provide relevant documentation on the resolutions.
• Document and provide input for monthly reports to management on identified control gaps and key exceptions with needed process improvement opportunities.

Requirements

Qualifications & Requirements:

• Demonstrate good knowledge of accounting principles, financial markets and instruments (Preferably an accounting graduate) A minimum of 2 years accounting or business management experience.
• Good financial accounting and reporting skills
• Good analytical skills
• Good knowledge of MS Excel and other MS Office Applications
• Team player
• Good communication skills (oral & written)