Finance & Risk Officer at Rite Holdings Limited

Responsibilities

Review and appraise the soundness, effectiveness, and proper application of accounting and financial controls, compliance procedures and controls and timeliness of documentation generation

• Finance and Risk Officer will plan, organize, review and ensure the adherence of all the internal policies of the company.
• He/She has the responsibility of conducting inspections to determine what gaps or loop holes exist in the policies and how to correct them.
• He/She must carry out periodic review, assessment and evaluation of risk and control issues to ensure that operational and business activities comply with Regulatory Guidelines, Operational Policies and Procedures in order to prevent loss of funds/assets/businesses, regulatory sanctions and other business risks.
• The overall goal is to identify potential problems before they occur and develop a plan to address them.
• Responsibilities include auditing financial documents and procedures, reconciling bank statements.
• To have previous experience with bookkeeping and a flair for spotting numerical mistakes.

Job Responsibilities

• Handle monthly, quarterly and annual performance reviews.
• Report on the company's financial health and liquidity
• Audit financial transactions and documents
• Reinforce financial data confidentiality and conduct database backups when necessary
• Facilitate the implementation of controls to ensure that the company's risk issues are timely and properly identified, classified, recorded and monitored for quickly resolution.
• Establish and maintain key aspects of the operational risk management program, such as risk reporting, risk appetite, risk identification & measurement, operational issue management, risk assessment methodology, and emerging risks.
• Facilitate effective implementation of the risk management and compliance frameworks of the company in accordance with regulatory requirement and in line with corporate goals
• Conduct a risk assessment of all aspects of the business
• Providing appropriate recommendations for closing risk management issues and internal controls deficiencies identified.
• Ensure, maintain and continuously improve risk and compliance management capabilities and approaches including relating with all business units on risk management and control issues.
• Recommend new controls to minimize risks and improve the internal control framework.
• Monitor and track compliance with statutory and regulatory requirements, and escalate non-compliance appropriately.
• Supporting the implementation of processes, tools and systems to identify, assess, measure, manage, monitor and report risks
• Interacting with other business functions across the company to ensure the adoption of a consistent approach towards risk management and awareness across the organization
• Participate in the continual review and update of company's risk policies, compliance policies, internal control policies, guidelines and practices, in line with changes in the company's business priorities
• Keeping abreast of regulatory requirements within a risk and control context, providing advice on incoming obligations and preparing position statements wherever necessary
• Continuous identification of operational gaps that can lead to fraud and development of processes to plug such gaps.
• Regularly review of company procedures, practices, and documents to identify possible weaknesses or risks.