Manager- Internal Controls
2025-05-15T20:27:33+00:00
dfcu Bank
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https://www.dfcugroup.com/
FULL_TIME
Kampala
Kampala
00256
Uganda
Banking
Management Officer
2025-05-22T17:00:00+00:00
Uganda
8
Reporting to: Head of Internal Controls
Duty station: Head Office
Reporting to the Head of Internal Controls, the role holder will oversee the internal control framework within the Technology, Digital Transformation and Operations Domain. The role will be responsible for ensuring compliance with internal policies and procedures, regulatory standards, mitigating risks, and enhancing operational efficiency. The suitable candidate will have a solid background in risk management, internal controls, IT, and collaboration with multiple stakeholders to foster a culture of accountability and risk-awareness.
KEY ACCOUNTABILITIES:
- Plan and coordinate the execution of planned and adhoc assurance monitoring reviews in liaison with the relevant key stakeholders in compliance with the approved assurance methodology.
- Establish and oversee ongoing monitoring activities to evaluate the effectiveness of internal controls, and report findings to senior management, including recommendations for improvement.
- Timely and quality execution of all the scheduled reviews as per agreed plan.
- Supervise control assurance reviews to ensure conformance with the assurance methodology which outlines the minimum detailed procedures to be followed and the quality of outputs.
- Develop, maintain and update monitoring checklists which will be used as a mechanism for monitoring, assessing and reporting on adequacy and effectiveness of controls across the network.
- Facilitate the validation of completeness, quality, accuracy and effectiveness of the control risk management tools such as RCAs/KRIs, etc.
- Continuously check the controls related to new product roll outs, business and initiatives and process changes are effective and are in place pre and post implementation.
- Monitor that tracking of remedial actions from internal audits, regulatory reviews, FCM investigations, control reviews and other such assurance reviews is undertaken as agreed with the business units. This will involve validation of implemented interventions prior to closure of the issues.
- Monitor implemented risk and compliance management processes – as identified and assessed by Risk and Compliance to ensure adherence to standards, policies and procedures.
- Monitor the effective implementation of the operational risk framework i.e. loss control, incident management, BCM, IRM as per the approved risk management framework across the network.
- Perform root cause analysis for control failures and ensure that appropriate remedial actions are identified and implemented.
- Oversee the investigation of control failures or incidents, identifying root causes, and implementing corrective actions to prevent recurrence.
- Train key stakeholders to enhance/improve the risk and control culture across the network through effective engagement and support to Business teams.
- Work closely with various departments, including Compliance, Audit, and Risk Management, fostering relationships that facilitate effective communication and coordination regarding internal controls.
- Conduct regular risk assessments to identify, analyze, and evaluate potential risks affecting the Operations and Technology and Digital Transformation Domain, developing strategies to mitigate identified risks.
- Support and oversee the development, documentation, and dissemination of internal policies and procedures ensuring that they are understood and followed by all employees.
- Stay informed on industry trends and regulatory changes affecting internal controls and risk management, making recommendations for process enhancements as necessary.
KNOWLEDGE, SKILLS AND EXPERIENCE REQUIRED:
- A minimum qualification of a Bachelor’s degree in Finance, Business Administration, Risk Management, Information Technology, or a related field.
- Professional certification /Qualification in risk management/ audit will be an added advantage.
- At least 5 years’ experience in banking, 3 of which should have been in internal controls, risk management, or compliance roles within a financial institution.
- Strong knowledge of regulatory requirements and industry standards related to operational and IT risk management.
- Knowledge of risk management processes (e.g., methods for assessing and mitigating risk).
- Knowledge of laws, regulations, policies, and ethics as they relate to banking.
- Knowledge of applicable business processes and operations of financial institutions.
- Strong leadership skills.
- Excellent analytical, planning, problem-solving, and organizational skills, with the ability to prioritize multiple tasks effectively.
- Excellent collaboration and communication skills.
- Strategic Perspective – Establish priorities, challenging goals and measurements consistent with these goals and organizational vision.
- Critical Judgement and Decision-Making – Define issues and focus on achieving workable solutions to obstacles.
- Good Communicator – Presents ideas effectively, clearly and concisely both orally and in writing.
- Leadership and Interpersonal Skills – Create a culture of continuous development and ownership with self and the team
- Inspire Commitment –Actions and behaviours are consistent with words.
- Self-Development – Pursues positive change in self and organization. Drives own personal development plan.
Plan and coordinate the execution of planned and adhoc assurance monitoring reviews in liaison with the relevant key stakeholders in compliance with the approved assurance methodology. Establish and oversee ongoing monitoring activities to evaluate the effectiveness of internal controls, and report findings to senior management, including recommendations for improvement. Timely and quality execution of all the scheduled reviews as per agreed plan. Supervise control assurance reviews to ensure conformance with the assurance methodology which outlines the minimum detailed procedures to be followed and the quality of outputs. Develop, maintain and update monitoring checklists which will be used as a mechanism for monitoring, assessing and reporting on adequacy and effectiveness of controls across the network. Facilitate the validation of completeness, quality, accuracy and effectiveness of the control risk management tools such as RCAs/KRIs, etc. Continuously check the controls related to new product roll outs, business and initiatives and process changes are effective and are in place pre and post implementation. Monitor that tracking of remedial actions from internal audits, regulatory reviews, FCM investigations, control reviews and other such assurance reviews is undertaken as agreed with the business units. This will involve validation of implemented interventions prior to closure of the issues. Monitor implemented risk and compliance management processes – as identified and assessed by Risk and Compliance to ensure adherence to standards, policies and procedures. Monitor the effective implementation of the operational risk framework i.e. loss control, incident management, BCM, IRM as per the approved risk management framework across the network. Perform root cause analysis for control failures and ensure that appropriate remedial actions are identified and implemented. Oversee the investigation of control failures or incidents, identifying root causes, and implementing corrective actions to prevent recurrence. Train key stakeholders to enhance/improve the risk and control culture across the network through effective engagement and support to Business teams. Work closely with various departments, including Compliance, Audit, and Risk Management, fostering relationships that facilitate effective communication and coordination regarding internal controls. Conduct regular risk assessments to identify, analyze, and evaluate potential risks affecting the Operations and Technology and Digital Transformation Domain, developing strategies to mitigate identified risks. Support and oversee the development, documentation, and dissemination of internal policies and procedures ensuring that they are understood and followed by all employees. Stay informed on industry trends and regulatory changes affecting internal controls and risk management, making recommendations for process enhancements as necessary.
A minimum qualification of a Bachelor’s degree in Finance, Business Administration, Risk Management, Information Technology, or a related field. Professional certification /Qualification in risk management/ audit will be an added advantage. At least 5 years’ experience in banking, 3 of which should have been in internal controls, risk management, or compliance roles within a financial institution. Strong knowledge of regulatory requirements and industry standards related to operational and IT risk management. Knowledge of risk management processes (e.g., methods for assessing and mitigating risk). Knowledge of laws, regulations, policies, and ethics as they relate to banking. Knowledge of applicable business processes and operations of financial institutions. Strong leadership skills. Excellent analytical, planning, problem-solving, and organizational skills, with the ability to prioritize multiple tasks effectively. Excellent collaboration and communication skills. Strategic Perspective – Establish priorities, challenging goals and measurements consistent with these goals and organizational vision. Critical Judgement and Decision-Making – Define issues and focus on achieving workable solutions to obstacles. Good Communicator – Presents ideas effectively, clearly and concisely both orally and in writing. Leadership and Interpersonal Skills – Create a culture of continuous development and ownership with self and the team Inspire Commitment –Actions and behaviours are consistent with words. Self-Development – Pursues positive change in self and organization. Drives own personal development plan.
JOB-68264e3518571
Vacancy title:
Manager- Internal Controls
[Type: FULL_TIME, Industry: Banking, Category: Management Officer]
Jobs at:
dfcu Bank
Deadline of this Job:
Thursday, May 22 2025
Duty Station:
Kampala | Kampala | Uganda
Summary
Date Posted: Thursday, May 15 2025, Base Salary: Not Disclosed
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JOB DETAILS:
Reporting to: Head of Internal Controls
Duty station: Head Office
Reporting to the Head of Internal Controls, the role holder will oversee the internal control framework within the Technology, Digital Transformation and Operations Domain. The role will be responsible for ensuring compliance with internal policies and procedures, regulatory standards, mitigating risks, and enhancing operational efficiency. The suitable candidate will have a solid background in risk management, internal controls, IT, and collaboration with multiple stakeholders to foster a culture of accountability and risk-awareness.
KEY ACCOUNTABILITIES:
- Plan and coordinate the execution of planned and adhoc assurance monitoring reviews in liaison with the relevant key stakeholders in compliance with the approved assurance methodology.
- Establish and oversee ongoing monitoring activities to evaluate the effectiveness of internal controls, and report findings to senior management, including recommendations for improvement.
- Timely and quality execution of all the scheduled reviews as per agreed plan.
- Supervise control assurance reviews to ensure conformance with the assurance methodology which outlines the minimum detailed procedures to be followed and the quality of outputs.
- Develop, maintain and update monitoring checklists which will be used as a mechanism for monitoring, assessing and reporting on adequacy and effectiveness of controls across the network.
- Facilitate the validation of completeness, quality, accuracy and effectiveness of the control risk management tools such as RCAs/KRIs, etc.
- Continuously check the controls related to new product roll outs, business and initiatives and process changes are effective and are in place pre and post implementation.
- Monitor that tracking of remedial actions from internal audits, regulatory reviews, FCM investigations, control reviews and other such assurance reviews is undertaken as agreed with the business units. This will involve validation of implemented interventions prior to closure of the issues.
- Monitor implemented risk and compliance management processes – as identified and assessed by Risk and Compliance to ensure adherence to standards, policies and procedures.
- Monitor the effective implementation of the operational risk framework i.e. loss control, incident management, BCM, IRM as per the approved risk management framework across the network.
- Perform root cause analysis for control failures and ensure that appropriate remedial actions are identified and implemented.
- Oversee the investigation of control failures or incidents, identifying root causes, and implementing corrective actions to prevent recurrence.
- Train key stakeholders to enhance/improve the risk and control culture across the network through effective engagement and support to Business teams.
- Work closely with various departments, including Compliance, Audit, and Risk Management, fostering relationships that facilitate effective communication and coordination regarding internal controls.
- Conduct regular risk assessments to identify, analyze, and evaluate potential risks affecting the Operations and Technology and Digital Transformation Domain, developing strategies to mitigate identified risks.
- Support and oversee the development, documentation, and dissemination of internal policies and procedures ensuring that they are understood and followed by all employees.
- Stay informed on industry trends and regulatory changes affecting internal controls and risk management, making recommendations for process enhancements as necessary.
KNOWLEDGE, SKILLS AND EXPERIENCE REQUIRED:
- A minimum qualification of a Bachelor’s degree in Finance, Business Administration, Risk Management, Information Technology, or a related field.
- Professional certification /Qualification in risk management/ audit will be an added advantage.
- At least 5 years’ experience in banking, 3 of which should have been in internal controls, risk management, or compliance roles within a financial institution.
- Strong knowledge of regulatory requirements and industry standards related to operational and IT risk management.
- Knowledge of risk management processes (e.g., methods for assessing and mitigating risk).
- Knowledge of laws, regulations, policies, and ethics as they relate to banking.
- Knowledge of applicable business processes and operations of financial institutions.
- Strong leadership skills.
- Excellent analytical, planning, problem-solving, and organizational skills, with the ability to prioritize multiple tasks effectively.
- Excellent collaboration and communication skills.
- Strategic Perspective – Establish priorities, challenging goals and measurements consistent with these goals and organizational vision.
- Critical Judgement and Decision-Making – Define issues and focus on achieving workable solutions to obstacles.
- Good Communicator – Presents ideas effectively, clearly and concisely both orally and in writing.
- Leadership and Interpersonal Skills – Create a culture of continuous development and ownership with self and the team
- Inspire Commitment –Actions and behaviours are consistent with words.
- Self-Development – Pursues positive change in self and organization. Drives own personal development plan.
Work Hours: 8
Experience in Months: 60
Level of Education: bachelor degree
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