Principal Duties & Responsibilities
- Develop compliance controls to mitigate compliance risk exposure of organization
- Review control processes, risk assessments to identify risk areas and mitigations and control design weaknesses and drive the implementation of recommendations for remediating those weaknesses.
- Support the formulation of the organization’s compliance programs and compliance strategies to incorporate relevant legislative and regulatory requirements and adapt to changing regulatory environment
- Develop detailed operational plans and procedures for compliance programs
- Support the development of the company’s controls testing approach and teaches others about this approach to build their knowledge and capability.
- Partner with business stakeholders to develop and help implement solutions to complex controls issues in an efficient manner while also maintaining independence
- Advise on best practices and foresees the impact of changes in regulations, policies and procedures.
- Evaluate interdependencies between risks, uncertainties and opportunities, critical failure points and resource implications
- Establish compliance monitoring and surveillance strategies and objectives for the organization
- Evaluate root causes and potential organizational impact or risks of non-compliance and/or areas of high potential for compliance breaches
- Report recommendations for improvements based on systematic analysis of information at agreed intervals.
- Promote relationships with internal and external assurance providers
- Provide advice and opinions on optimal IT controls for new applications
- Diligently monitor standard general IT controls, such as proper security management segregation of duties, adequate documents and records and access controls, and independence checks.
- Create and maintain effective relationships with a wide range of internal and external stakeholders to drive compliance.
- Discover and teach others about best practices in compliance management and stay abreast of industry, regulatory and market trends.
- Engage with regulators, external parties, board, senior management, and other key stakeholders to facilitate decision-making on regulatory compliance and/or legal issues
Education and Work Experience
- Bachelor’s Degree in Accounting or related discipline
- Must possess a professional accounting qualification (e.g. ACA, ACCA etc.) and membership of one or more relevant professional bodies
- Minimum of 10 years post qualification experience in Compliance and Internal Control preferably in the financial services industry with at least 4 years leading a team
- Demonstrated knowledge in internal controls, risk management, audit, ethics and fraud awareness
Required Skills and Competencies
- Sound knowledge of the various types of controls and how they work together to form a strong internal control environment, including understanding relevant controls frameworks used by the company.
- Ability to articulate requirements and drive the implementation of a strong internal control environment
- Demonstrate detailed knowledge of the processes for developing internal control frameworks in simple and complex situations.
- Demonstrate an understanding of the interdependencies of the organization’s systems, processes and business strategies
- Demonstrate professional judgement to determine appropriate course of action for complex legal and/or compliance situations
- In-depth knowledge of the industry’s standards and regulations
- Excellent knowledge of reporting procedures and record keeping
- Attention to detail and a well-organized approach to work
- Time management and stakeholder management skills
- Strong research skills
JOB IS EXPIRED.