Permanent Controls Manager
|The role holder is responsible to establish and design an effective internal control for the Bank, including the overseas branches, by ensuring effective policies and procedures are developed and approved across all the Bank’s activities and risks.|
|Key Responsibilities||Core Responsibilities
§ Own, design, implement, document, assess and monitor the Group’s internal control framework, including group policies for internal control and control objectives across all the departments to ensure that the Group has adequate controls to prevent unintentional and intentional errors across its processes.
§ Lead, document, and report on risk assessment of material misstatement of the financial reporting.
§ Lead process for internal reviews and testing of internal control compliance across the departments, branches, and subsidiaries.
§ Deliver adequate and timely reporting on internal control framework and control deficiencies to ensure appropriate communication, documentation, escalation to departments’ heads, executive management, and audit committee
§ Deliver adequate and timely action plans and monitor progress to address and resolve control deficiencies
§ Develop and conduct adequate training and prepare related information material on the internal control objectives, approach and methodology to the departments regularly to build knowledge and understanding of risks and controls
§ Actively seek, align, and liaise with the concerned stakeholders and control owners on the standardization and automation through efficient means.
§ Active involvement in projects and ad hoc activities to standardize and simplify end-to-end processes in continuous improvement of efficiencies and the control environment’s effectiveness across the Group.
§ Work closely with other team leaders to document As-Is and To-Be processes to identify root causes and efficiencies while guiding other departments to identify and write required actions/policies, conformance tests, and ongoing monitoring issues.
§ Build relationships with the Control Points across the Group to understand the process context and identify both intra process and cross-process improvement.
§ Collaborate with the Internal and External Auditors in overseeing the internal control environment, which may include a review of existing financial and internal business controls procedures, compliance policy, and recommending internal control improvements
§ Lead Segregation of Duties (SOD) reviews, including updating control documentation and agree with the respective head of department regarding mitigating controls that may be required.
§ Complete quality review of new agreements and contracts for financial and accounting implications before execution.
§ Design, liaise and monitor the conduct of the Control Points established across the Group
People Management Responsibilities
§ Define goals and key performance indicators for each member of the team and ensure effective implementation of NBB’s Performance Management process
§ Develop talent within the team by providing training, coaching & guidance
§ Facilitate cross-functional integration, build collaboration, creativity, and trust that mitigate risk and create opportunities and enhanced value for the Bank
|Threshold Qualifications||§ Bachelor’s degree in Finance, Accounting, Commerce, or in any other subject or equivalent is required
§ Master’s degree in Accounting/ Finance /Economics or in any other subject is preferred
§ Professional qualification related to banking, or function is preferred such as CA, CFE, CFA, CPA
|Years & Nature of Experience||§ Minimum 5-6 years of practical experience in a bank with 3 years in the same or similar function.|
|SKILLS AND COMPETENCIES|
|§ Risk Management
§ Internal Audit
§ Data analysis
§ Report writing
|KEY PERFORMANCE INDICATOR|
§ Establish and manage a robust methodology of a risk-based control review.
§ Conduct a vulnerability assessment of the internal control framework across the Bank as per plan.
§ Timely reporting on critical metrics, risk and control indicators, triggers, and control breaches to the executive management.
§ Timely closure of all internal and external audit-related issues.
|All the Bank’s Departments||CBB|
Please send resume to email@example.com