Standard Bank Group Head Internal Controls Jobs in Kenya
Standard Bank Group Head Internal Controls Jobs in Kenya
Job DescriptionJob Purpose Maintain an optimal control framework for the Group that facilitates a proactive approach to issue identification, resolution, escalation and implementation of actions to manage control gaps in order to mitigate any risk that could occur and cause losses to the Group.
Key Responsibilities
Determine the Control Strategy
To determine the control strategy for the Group in consultation with business / enabler partners, Risk, Compliance, Internal Audit aligned to the Group and ROA strategies.
Develop effective, collaborative relationships with the country’s senior management team, business lines and all relevant stakeholders.
Execution and Monitoring
Development of the annual control assurance reviews universe in collaboration with the Risk, Compliance and Internal Audit stakeholders.
Perform appropriate monitoring activities to provide assurance on the effectiveness and state of the control environment of risk in the Group to the executive management and all relevant stakeholders.
Ensure that formal planned reviews and spot checks are conducted across the Group in line with the risk based engagement methodologies, including the production of reports.
Facilitate the translation of regulatory directives into operational processes & controls.
Monitor implemented risk and compliance management processes – as identified and assessed by Risk and Compliance to ensure adherence to standards, policies and procedures.
Identify inadequate processes and controls and provide Operational Risk and Compliance and/or Business Units/ Enablers with the irregularities to facilitate the modification of processes where required.
Ensure that formal root cause analysis for control failures is conducted across the Group and appropriate remedial actions are identified and implemented.
Conduct special reviews upon specific request by business unit/ enabler management as appropriate.
Monitor that tracking of remedial actions from internal audits, regulatory reviews, FCC investigations, control reviews and other such assurance reviews is undertaken as agreed with the business units. This will involve validation of implemented interventions prior to closure of the issues.
Ensure that appropriate training initiatives towards improvement of the control environment are planned and executed as required. Ensure that coaching & support opportunities are properly identified and the appropriate interventions are implemented.
Participate in the bank’s business initiatives, forums, committees, policy / process development or reviews, e.g. risk & compliance committees, new products, projects etc. to ensure that control requirements are appropriately considered executed and reported.
Effective implementation of the operational risk framework i.e. loss control, incident management, RCSA & KRIs, BCM, IRM roles as per the approved risk management framework.
Foster an environment of innovation for simpler, better and yet effective solutions to enhance key control capabilities within the control function and across the bank.
Allocate available resources to individual engagements on a risk based perspective in line with the Unit and bank’s overall strategy.
Timely provision of routine dashboards as per determined frequency, monthly and quarterly reports on activities and the state of the control environment to executive, business / enabler unit management, risk,
compliance, internal audit and ROA risk partners.
Present routine monitoring and control review reports to business / process owners and ensure their understanding and commitment to the report and agreed action plans.
Escalate breaches and incidents for more serious control breaches that require senior management direction as per the appropriate escalation processes, including active participation in the remedial actions.
People Management & Administration
Lead and manage the Control function and ensure effective management of human capital.
Agree performance contracts, monitor, review and appraise performance of staff within the unit. Develop and maintain a talent development plan.
Evaluate and manage the performance of the team to achieve a high standard of competence, motivation and service orientation, focusing on the development and retention of promising staff.
Identify knowledge/skills/ development needs, capability gaps ensure that appropriate training initiatives and or interventions are determined and executed in collaboration with the pertinent stakeholders.
Manage the annual leave planning and utilisation.
Monitor, manage budget and expenditure for the Control function.
Other Oversight Functions
Provide oversight for effective management of user access on all applications for appropriate levels and limit of authority are profiled and assigned to the users.
Ensure adequacy of control around transaction surveillance by instituting business rules for monitoring and prevention of loss through the fraud monitoring solutions
Stabilize the new Investigation Unit and ensure timely, prompt, clear and concise investigation into reported process breaches with recommendations to prevent re-occurrences.
Develop collaborative measures to support improvements in KYC rating bank-wide by enforcing total compliance with the KYC guiding principles / policy.
Qualifications
Minimum Qualifications
Type of Qualification: First Degree
Field of Study: Business Commerce
Type of Qualification: First Degree
Field of Study: Finance and Accounting
Type of Qualification: First Degree
Field of Study: Risk Management
Experience Required
Risk Management
7-10 years
Experience Description: At least 5 years’ experience in a control / audit environment with a proven track record. Stakeholder management and negotiation experience. Risk & control experience within a banking environment
Human Capital
Experience Description: Exposure to managing teams and delivering against tight deadlines.
Behavioral Competencies:
Challenging Ideas
Convincing People
Developing Strategies
Directing People
Documenting Facts
Establishing Rapport
Examining Information
Interacting with People
Providing Insights
Showing Composure
Team Working
Upholding Standards
Technical Competencies:
IT Knowledge
IT Risk Management
IT Systems
Promote Good Governance, Risk & Control
Quality Assurance
Risk Management
How to Apply
For more information and job application details, see; Standard Bank Group Head Internal Controls Jobs in Kenya
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