Assistant Manager - Financial Controls

Job Summary

This position works under the supervision of Senior Manager – Tax and Financial Controls and primary responsible to review and perform the control testing as per Bank’s Risk Control Matrix, (RCM) as part of management’s review of Internal Control over Financial Reporting. (ICoFR)

Key Accountabilities

Internal Controls on Financial Reporting (ICoFR)

• the ICoFR requirements as per regulatory standards and industry best practices related to the financial reporting in order to assess the design and operating effectiveness of the controls across the various divisions/departments
• of internal control concepts and experience in applying them to plan, perform, lead and report on the evaluation of various business processes/areas/functions
• in partnership with other teams/departments to evaluate and improve internal control over financial reporting processes including appropriate segregation of duties
• financial statements significant accounts, related assertions and mapping to the bank’s risk matrix including identification and assignment of control owners across significant processes
• of maintenance and preparation of clear, detailed, and accurate documentation including process narratives, flow charts (if necessary), control descriptions, risk matrix, test results, evidences and management responses/remediation plans
• control testing on operational effectiveness of internal controls across the bank on periodic basis – pertinent to controls on monthly, quarterly and yearly basis
• remediation of failed controls and identify with control owners mitigating controls and/or recommend new controls to ensure operational effectiveness
• monthly/quarterly dashboard for management review with controls tested: passed, failed, remediation.
• in setting up new controls mapped with the Bank’s risk matrix for new products and new financial statements significant accounts
• with the external auditors on the nature, timing, and extent of testing for ICoFR
• with the External Auditors on their review of ICoFR processes and resolve any open issues

Other Accountabilities

Other Financial Controls initiatives and Projects

• Support General Ledger (GL) Manager in resolving GL related queries.
• Prepare IFRS 16 (Leases) reconciliation summary to support regulatory reporting requirement
• Upload XBRL financial statements for QSE on a quarterly basis.
• Assisting Business by preparing compliance ratio calculation and letter for Syndicated and Bilateral Loans
• Support Financial control team in resolving queries from external auditor with regard to Financial statement and ICOFR audit.
• Assist Financial Control team in the preparation of Financial Statements notes (where required) and co-ordinate with external auditors as part of quarter/annual financial statements audit process.
• Act as a back up for Senior Manager – Tax and Controls