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Officer, Internal Financial Controls at Stanbic Bank

JobWebKenya

Accounting, Auditing & Finance

KES Confidential
2 weeks ago

Job Summary

 

Job Description/Requirements

Job Description

(adsbygoogle = window.adsbygoogle || []).push({}); Stanbic Bank is a division of Standard Bank, a member of the Standard Bank Group, based in Johannesburg, South Africa. Stanbic Bank was adopted as a trading name in , when the Standard Bank Group, then known as Standard Bank Investment Corporation, acquired the African operations of ANZ Grindlays Bank. The new name was adopted to avoid confusion with the Standard Bank’s British former parent bank, Standard Chartered Bank, which continued to operate in Africa.

Key Responsibilities

Maintain a strong control environment

Assess the effectiveness of financial controls throughout the group and advise/escalate where there is misalignment by ensuring adherence to policies and controls and reviewing and testing the internal financial controls processes by performing sample tests on some IFC controls to check if they are operating as per framework Own the design, implementation, documentation, assessment, and monitoring of internal control framework, including group policies and key risks in order to ensure that the group has adequate controls to prevent unintentional and intentional errors in financial reporting, processes and business operations. Deliver adequate and timely reporting on the internal control framework and control deficiencies to ensure appropriate communication, documentation, escalation to business partners, senior leadership, and relevant governance body Deliver adequate and timely action plans and monitor progress to address and resolve control deficiencies Work collaboratively with business and process owners to implement and monitor remediation efforts that result from internal control assessments, ensuring the effective implementation of corrective action. Actively seek standardization and automation, apply, and implement best practices for managing internal controls and deploy innovative technology where possible to enhance and continuously improve the design and operating effectiveness of the controls, documentation, assessment, and review procedures Formulate policies and procedures to improve internal controls, compliance, and efficiency

Support financial management

Accountable for transactional financial data and information integrity through gathering, analysing, interpreting, and reporting of financial information. Review transactional financial data and information integrity to ensure they accurately reflect the operating results of the business. Analyse and interpret data in order to provide financial management information to business stakeholders for decision making. Prepare and process accounting journals and verify that supporting documentation to journals is available. Analyse and motivate for approval expenditure and in line with supporting documentation. Identify deviations from policy and escalate to finance manager.

Monitor risk and ensure compliance

Enforce the group guidelines and policies around financial management and financial control. Ensure that all risk issues are managed properly, and incidents are reported timeously with all relevant stakeholders. Partner and comply with relevant risk and compliance regulatory frameworks for all finance activities. Ensure reputation and business risk is managed. Ensure that mandatory compliance training in finance is driven effectively. Drive balance sheet substantiation of all balance sheet accounts. Provide technical accounting support for finance and business units Spearhead preparation of the annual financial statements Provide leadership financial audits in the group

Be a trusted advisor to the business

Support the business finance teams in creating a finance partnership. Obtain an understanding of the business environment and processes which are being supported in order to add value and allow for appropriate decision making to occur. Provide assistance in the gathering of financial and non-financial information to support the relevant finance line manager.

Direct, monitor, manage and support the team in delivering on agreed performance and strategic goals

Manage stakeholder expectations proactively and appropriately Participate in departmental goal. Proactively drive own development plans. Monitor and support the team in delivering agreed performance goals through collaboration.

Qualifications

Minimum Qualifications

Type of Qualification:  First Degree

Field of Study:  Finance and Accounting

Other qualifications – Recognized professional certification (CPA (K)/ACCA/CIFA).

Experience Required

Financial/Statutory Accounting

Finance & Value Management 3-4 years Financial or Management Accounting experience.

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