Central Securities Clearing System Plc

Internal Control Officer

Central Securities Clearing System Plc  •  Lagos, NG (Onsite)  •  5 months ago
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Job Description


Develop and monitor all policies, procedures and processes, ensuring compliance with
all standards adopted by the company

  • Conduct annual control effectiveness testing and provide continuous feedback on
    identified risk and control

  • Creates
    frameworks for the development of departmental controls and continuous
    monitoring of compliance with all approved controls across the company

  • Make recommendations on new controls to be implemented, streamlining of old controls
    to ensure control objectives are achieved

  • Investigate all system errors, assist to institute controls in projects and ensures
    effective and efficient operation

  • Review vendor presentations for adequacy of controls that would impact the company

  • Increase control awareness in CSCS with presentation slides and report

  • Facilitate the development of process and policy documentation for all company processes regarding
    the control environment and implementing a company-wide compliance programme.

  • Prepare and present Control Environment reports to Senior Management on a regular
    basis while working with departments on the implementation of their individual
    compliance programmes

  • Regularise evaluation of internal controls, conduct design and quality assurance tests to
    determine effectiveness/adequacy in meeting objectives and readiness for
    internal audits.

  • Conduct periodic gap analysis of current processes, controls and compliance
    requirements with established frameworks and policies.

  • Review Audit exception reports and works with departments to close all exceptions
    raised in the Audit report.

  • Review transactions with need for Internal Control approval, giving approvals for
    compliant transactions while providing guidance for cases of control breaches.

  • Provide regular updates on issues relating to IT policies and procedures, identifies
    changes to requirements with control or process impact and communicates to
    management for approval and implementation.

  • Develop and implement standard policies, procedures, flowcharts and tools to ensure
    compliance with best practice and audit requirements

  • Act as key stakeholder in ensuring timely completion of annual risk assessments
    across the company contributing to the review of the control environment

  • Develop and manage IT policies and processes ensuring compliance within the IT
    department

  • Assist with the maintenance of all IT
    compliance policies and documentation using applicable frameworks


    • Requirements


    • Minimum of a first degree in a numerate discipline from a reputable institution.

  • Minimum of five (5) years’ relevant post-graduation experience within the Capital Market or
    Financial Services Sector, with at least 3 years in IT Control

  • IT Control or auditing qualification, such as CISA in required
    • Central Securities Clearing System Plc

    About Central Securities Clearing System Plc

    Central Securities Clearing System [CSCS] Plc, is Nigeria’s Central Securities Depository (CSD) licensed to carry on the depository, clearing and settlement of all transactions in the Nigerian Capital Market. As the country’s premier Financial Market Infrastructure (FMI), CSCS processes securities in electronic book-entry form, ensuring safe and efficient transaction processing within the ecosystem whilst also pioneering innovative solutions to deepen and enhance the efficient functioning of the market.

    CSCS provides an effective single access point for all post-trade services in the Nigerian financial market, covering all forms of capital and money market securities including: equities, treasury bills, bonds, commodities, funds and cash.

    With an “A+” CSD rating from Thomas Murray, CSCS ranks amongst the best rated financial services firms in Nigeria and one of the best rated FMIs in Africa.

    For more than two decades, CSCS has continuously partnered with other stakeholders in redefining the structure and operations of the Nigerian Capital Market, leveraging new technologies in extracting efficiencies across the transaction life cycle while providing assurance in post-trade execution.

    With the support of the Securities and Exchange Commission (SEC), other financial market regulators and collaboration with market participants, CSCS actualized the full dematerialization of share certificates in the Nigerian equity market, thus facilitating the full transition of the Nigerian equity market to the automated trading system. CSCS serves as the post trade agent for transactions on Securities Exchanges in the Nigerian Capital Market.

    Industry
    Finance & Insurance
    Company Size
    51-200 employees
    Headquarters
    Marina, NG
    Year Founded
    1992
    Website
    cscs.ng
    Social Media