Head, Internal Control
Job Summary
Job Description
Responsibilities:
Strategic/Financial
¨ Develop a strong internal control framework and ensure implementation of FABL’s internal control manual and SOP.
¨ Design a control risk dashboard for reporting purposes.
¨ Develop and implement appropriate operating procedures to ensure adherence to regulatory compliance (global policies and local laws).
¨ Actively participate in the development of Internal Control policies ensuring that they are relevant to FABL operating environment.
¨ Setting up procedures/policies for monitoring usage of company assets.
¨ Ensure bank-wide standardization of operational processes for efficient delivery of customer services.
¨ Drive control processes to prevent, identify and mitigate breaches of policies and procedures.
¨ Prepare department budgets and monitor compliance to budget.
Customer
¨ Participate in periodic meetings of EXCO, Disciplinary committee, etc
Operations
¨ Implement and maintain a record of all management policies and procedures for the purpose of monitoring compliance.
¨ Conduct risk assessment of departments/functional areas in accordance with timelines and identify reportable issues.
¨ Facilitate receipt, review and regularization of internal audit reports from Audit.
¨ Review the responses to internal and external audit management letter queries to ensure that recommendations are implemented; follow-up on audit action plan to ensure that all action items are resolved before the next annual audit.
¨ Identify control gaps and opportunities for improvement.
¨ Identify areas of financial and administrative strengths and weaknesses and develop best practices.
¨ Conduct annual review of FABL’s SOPs.
¨ Implement strategy to meet strong control environment.
¨ Provide management with periodic reports on compliance with standards of excellence.
¨ Prepare periodic management reports detailing performance of department
People
People
¨ Supervise activities of department members and provide coaching, mentoring and training as appropriate.
¨ Monitor/manage performance of subordinates against pre-assigned goals and conduct performance appraisals as required.
Key Performance Indicators
¨ Department/Unit expenses vs. budget
¨ Income leakage recovery
¨ Fraud: size of losses from fraud vs total revenues
¨ Customer Net Promoter Score (Internal customers of Org. Unit)
¨ Audit rating
¨ Fraud: frequency of occurrence
¨ Fraud: recovery/ investigation
¨ Regulatory reporting TAT
¨ Reliability of financial records and reporting
¨ IT security and banking application breaches
¨ Transaction safety
¨ Compliance with regulations and internal policies
¨ People management responsibilities
Competency Requirements
Organisational Competencies
¨ Professional Attributes
¨ Business Knowledge
¨ Personal Attributes
¨ Leadership Skills
Functional Competencies
¨ Accounting Skills
¨ Auditing
¨ Analytical/Investigative Skills
¨ Financial Services Industry Knowledge
¨ Fraud Prevention And Control Management
¨ Knowledge of Banking Operations
¨ Communication Skills
¨ Policy & Regulation Interpretation and Implementation
¨ Technology Application / Computer Literacy
¨ Quality Management
