Internal Control Analyst at Renmoney

Description

•  Renmoney is seeking a detail-oriented Internal Control Analyst to join our team. In this role, you will be responsible for evaluating the effectiveness of internal controls and ensuring compliance with regulations and company policies.
• You will work closely with various departments to identify control weaknesses and develop strategies to mitigate risks.
• The ideal candidate will have a strong understanding of internal control principles and possess excellent analytical and problem-solving skills.

Responsibilities:

• Evaluate the effectiveness and efficiency of internal controls to ensure compliance with regulations and company policies.
• Conduct daily review on account opening, deposits, loan disbursements, liquidation, expenses, and necessary documentations.
• Conducts periodic review of sales commission, incentives to debt collectors’ agents and recovery team.
• Provide assurance that controls are in place and are effective and adequate and make practical recommendations to management to minimize risk resulting from poor internal controls.
• Ensure staff complies with internal code of conducts, policy and regulations on transactions initiated by the bank to avoid operational losses.
• Perform periodic reconciliations and call- over to identify, investigate and provide recommendations on variance noted and institute the necessary controls.
• Conduct review of transactions within the Bank statement and associated reconciliations.
• Leverage information technology to automate routine control checks and provide platform for robust data analytics to provide insights to management on risk and controls
• Identify and assess areas of significant business risk as well as reduce all business and financial risks through effective implementation and monitoring of controls.
• Support the institutionalizing of Internal control framework and continuously evaluate the adequacy of these controls.
• Support the continual review and assessment of the effectiveness and efficiency of policies, procedures and processes across the organization and identify improvement opportunities.
• Coordinate revenue assurance and quality assurance programme to ensure revenues of the company are properly accounted for and to ensure all revenue leakages are blocked.
• Evaluate new laws and regulations and stay abreast of all legislative and regulatory developments both locally and globally that might have an impact on the Company.
• Oversee change management process to ensure operational requests are duly implemented.
• Ensure submission of regulatory returns as at when due
• Ensure accurate calculation of interest as well as confirm accuracy of daily interest income.
• Conduct spot checks, stock take, and other functions as may be assigned from time to time.

Requirements

Qualifications:

• B.Sc. degree in any field
• Membership of a recognized risk/Accounting related professional body (e.g. ICAN/ ACCA/CFE/CIA/CISA/CISM/CRISC etc.)
• Minimum of 5 years’ experience in Internal Control/Audit function
• Strong knowledge of control frameworks (such as COSO framework and Basel Corporate Governance Principles) and the ability to design and evaluate effectiveness of controls embedded within business processes
• Strong knowledge of risks identification, assessment, and management frameworks
• Excellent report writing and presentation skills
• Thorough knowledge of relevant legislation and regulatory requirements as well as the ability to translate these into appropriate policies and procedures
• Ability to manage projects and when required, follow sound internal control practices to manage risks appropriately
• Knowledge of ACL/SQL for database query
• Detail-oriented and ability to work and interpret figures and other financial information.
• Demonstrates curiosity and enthusiasm for learning. • Demonstrates strong organizational and time management skills.
• Demonstrates commitment to ethical standards and high level of integrity.
• Demonstrates analytical and problem-solving skills.
• Good appreciation and working knowledge of Microsoft Office tools.
• Good interpersonal and negotiation skills.