The Controls Improvement Manager plays a critical role in ensuring the integrity and compliance of financial operations within an organization. They are responsible for evaluating and monitoring internal control systems, identifying risks, and implementing measures to mitigate those risks. The specialist also conducts reviews to verify the accuracy and reliability of information, providing valuable insights and recommendations to improve business processes. This role requires a meticulous attention to detail, strong analytical skills, and an understanding of control principles and regulations.
Duties and Responsibilities
Control Specialist Responsibilities:
-Develop and implement comprehensive programs to assess the effectiveness of internal control systems.
-Identify potential risks and control deficiencies and recommend appropriate actions to mitigate these risks.
-Prepare detailed reports, highlighting gaps, recommendations, and opportunities for process improvements.
-Collaborate with stakeholders from various departments to foster a culture of compliance and risk management.
-Monitor and track the implementation of recommendations, ensuring timely and appropriate remediation actions are taken.
-Stay updated on changes in ensure processes remain current and effective.
-Provide training and guidance to employees on internal controls.
-Contribute to the development and continuous improvement of internal control frameworks, policies, and procedures.
Required Skills:
-Familiarity with internal control frameworks.
-Ability to analyse complex data and interpret results accurately.
-Excellent verbal and written communication skills, with the ability to clearly and concisely present gaps and recommendations.-Strong organisational and time management skills to effectively prioritize tasks and meet deadlines.
-Proficiency in using relevant tools, such as Microsoft Excel, Word, and PowerPoint.
-Demonstrated ability to work independently and collaboratively in a team-oriented environment.
-Ethical conduct and a commitment to maintaining confidentiality and objectivity in all activities.
Qualifications and Experience
-Bachelor Commerce: Accounting And Business Administration (Required), Bachelor Commerce: Risk Management (Required)
-Familiarity with risk management principles and practices.
-Strong understanding of business processes and controls, including the ability to assess risks and design effective control solutions.
-Excellent interpersonal skills, with the ability to build and maintain effective relationships with both internal and external stakeholders.
-Strong ethical values and the ability to maintain objectivity and independence throughout the control’s improvement process.
-In conclusion, the Control Specialist plays a crucial role in ensuring the financial integrity and compliance of a company. Through their expertise and meticulous attention to detail, they also help in identifying risks.
