Internal Controls Officers
Location
Other Dar es Salaam District Dar Es Salaam
Description
Salary Currency: Tanzanian Shilling
Other Dar es Salaam District Dar Es Salaam
Description
Salary Currency: Tanzanian Shilling
Reports To: Senior Internal Control Officer
The Internal Control Officer is responsible for
identifying, analyzing, evaluating, recommending, reporting and
constantly monitoring the implementation of approved controls and limits
to ensuring compliance to policies and procedures in all head office
departments and branches.
Essential duties and Responsibilities include the following. Other duties may be assigned by the Supervisor
;Control activities.
a) Conduct Internal Control reviews to branches to a
certain the level of compliance to policies and procedures governing
Lending, Back Office Operations & Delivery Channel performance,
Customer Accounts Management, Savings, Customer Service Level and
General branch Administration; through:
Detect violations of controls at early stages to limiting damage to material amounts through ex ante and ex post monitoring;
Carry assessment to different operations in order to identify control gaps and make recommendations for preventive actions;
Conduct analysis on the reasons and circumstance that lead to fraud and provide recommendations on the changes needed to protect company from such incidents;
Report all noncompliance issues which can negatively affect the company operation and distort its image in the market;
Conduct offsite control review to identify warning signals/red frag that exposed the bank into loss
b) Conduct Internal Control review to Head Office departments and functions to a certain the level of compliance to approved policies and procedures governing decision making, approvals, payments and documentation on paper and core banking system information.
Carry assessment to different operations in order to identify control gaps and make recommendations for preventive actions;
Conduct analysis on the reasons and circumstance that lead to fraud and provide recommendations on the changes needed to protect company from such incidents;
Report all noncompliance issues which can negatively affect the company operation and distort its image in the market;
Conduct offsite control review to identify warning signals/red frag that exposed the bank into loss
b) Conduct Internal Control review to Head Office departments and functions to a certain the level of compliance to approved policies and procedures governing decision making, approvals, payments and documentation on paper and core banking system information.
c) Conduct regular independent review on accounts proposed
for written off before presented to Board of Directors for approval to
ensure Compliance to write off process
Reporting
a) Draw risk matrices upon which frequency and duration of inspection can be based, conduct desk preparation for inspection and carry entry and exit meetings with the inspected unit to ensuring alignment of control activity;
a) Draw risk matrices upon which frequency and duration of inspection can be based, conduct desk preparation for inspection and carry entry and exit meetings with the inspected unit to ensuring alignment of control activity;
b) Timely prepare and submit accurate internal control assessment reports within the approved assessment schedule.
c) Based on findings make adequate recommendations for improvement in the implementation of controls, policies and procedures.
d) Maintain all inspection records and continuously,
monitor the implementation of recommended action plans. Monitor other
action plans including that from management and other internal and
external examiners.
e) Prepare monthly Internal control activities Report and submission to senior internal controls officer
Training;
a) Test the staffs knowledge on policies and procedures. Identify training needs for staff involved in process and properly recommend for process training.
a) Test the staffs knowledge on policies and procedures. Identify training needs for staff involved in process and properly recommend for process training.
b) Regularly conduct training to staff to address controls and minimize breach of policy and procedures.
c) During the control assessment, provide guidance and
conduct coaching to staff in some of the areas of weakness that have
been identified.
Policy Compliance
a) Identify areas for improvement in the policies,
procedures and processes and make recommendations for changes. If
appropriate participate in the annual policy review process.
b) Ensure strict compliance with Code of conduct and act as Ethics Officers while carries internal controls activities
Other responsibilities;
Ensures ad-hock control reviews are attended and feedback are produced to enhance control environment
Qualification and competence;
Education:
A University degree in Economics, Finance, Social or
Natural Science, Business Studies with Accounting or Banking Option,
Computer Science or Information Technology. Certification in Fraud
Examination, Compliance, or Risk Management will be an added Advantage.
Language:
A good command in written and spoken English
Experience:
Experience in working with either Micro-finance institution or Banking will be an added advantage
A sound knowledge of principles and practices of Micro finance, banking, and other deposit taking and or lending institutions.
Functional / Professional skills:
Outstanding interpersonal and communication skills;
Computer literacy and excellent report writing skills;
Financial reporting/analysis and interpretations skills
Strong analytical and organizational skills;
Able to handle multiple deadlines;
Able to train and mentor others;
Able to pay attention to small details;
Ability to work under minimum supervision with a proactive approach;
Good Judgment and decision making;
Ability to maintain high level of objectivity and confidentiality in work;
Computer literacy and excellent report writing skills;
Financial reporting/analysis and interpretations skills
Strong analytical and organizational skills;
Able to handle multiple deadlines;
Able to train and mentor others;
Able to pay attention to small details;
Ability to work under minimum supervision with a proactive approach;
Good Judgment and decision making;
Ability to maintain high level of objectivity and confidentiality in work;
Work environment and travel requirement:
The Internal Control Officer position requires frequent
traveling to the fields, branches and region offices for internal
control assessments
Send your Application torecruitment@fincatz.org
BagamoyoRoad, Plot No.34 / 8th Floor,
TAN House, Victoria Area
P.O Box 78783 – Dar Es Salaam
Tanzania
+255 (22) 2212200
info@fincatz.org
TAN House, Victoria Area
P.O Box 78783 – Dar Es Salaam
Tanzania
+255 (22) 2212200
info@fincatz.org
