Job Description

Renmoney is seeking a detail-oriented Internal Control Partner 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.

Benefits

You’ll work on solutions to complex, real-world challenges with tangible social and economic impact. You will receive competitive compensation and work with passionate teammates in a flat, performance-driven culture