Internal Control Testing Analyst

 

Key Accountabilities:

Governance and Core responsibilities

1. As part of Internal Control (sample) Testing Unit, assess the implementation of Internal Control Testing Framework via sample control testing, thematic risk reviews and provide recommendations/actions plans to resolve/mitigate the issues in coordination with key stakeholders and ORM Champions in Business Lines.

2. Provide support to Internal Control Testing Manager to ensure the implementation of Internal Control Testing Framework at GIB Group.

3. Ensure that Internal Control Testing Framework leverages and supports ORMF key process (RCSA, KRI, ORE etc.) in order to further strength GIB’s ORMF.

4. Execute risk-based internal control (sample) testing cycle / plan for ORM function (2nd Line of Defence), which should be in line GIB’s Internal Control Testing Framework. While executing the testing cycle / plan, the RCSAs key risk & controls, OREs, KRI breaches, GIB’s key risk themes, High risk audit findings / Unsatisfactory Business areas etc. should be duly considered.

5. Highlighting control breakdowns / opportunities of improvement, making recommendations / action plans (in agreement with key stakeholders) in order to enhance the internal control environment.

6. Assist the Internal Control Testing Manager in reviewing internal control issues, performing analysis to identify themes, determining the root cause of the operational / control weaknesses and prepare presentation / reports to communicate the current state of internal controls.

7. Ensure that follow-up mechanism is implemented in order to assess the level of adherence to the internal control (sample) testing recommendations / actions plans and to monitor any deviations / non-compliance.

8. Timely perform Thematic Risk reviews, which should be in line with Thematic Risk review Framework guidelines & methodology.

9. Assist the Internal Control Testing Manager to ensure effective collaboration between 1st, 2nd and 3rd Line of Defence in implementation of Internal Control Testing Framework in order to avoid duplication of work and create synergies.

10. Together with Internal Control Testing Manager, act as advisor and provide guidance / support to the Business Lines in order to help build a robust internal control environment at GIB.

11. Assist the Internal Control Testing Manager to ensure an appropriate training on ORM system’s Control Testing Module is provided relevant Business Lines staff, notably ORM Champions.

12. Support the Internal Control Testing Manager in appropriate, transparent and timely communication / reporting to ORMC, BRPC and Board.

13. Assist the Internal Control Testing Manager in managing the day-to-day operations of Internal Control (sample) Testing Unit.

Self-Management

14.  Strive to achieve the highest levels of proficiency on all competencies and skills required to perform the role.

15.Identify the training and development requirements for self and agree on them with Internal Control Testing Manager to ensure that the required trainings are arranged by HR.

Qualifications:

University degree in Finance, Banking, Auditing or Management plus preferably relevant professional certification in risk management

Professional Certifications

FRM, PRM, CA, ACCA or other directly related Operational Risk Management Professional Certification

Experience:

9-10 years of banking experience with focus on audit / internal controls.

Ability to work independently with little supervision.

Good working knowledge of banking products & services.

Skills:

• Understanding of Basel Accord, COSO & regulatory requirements in relation to Operational Risk Management and Internal Control Framework.
• Good people management and Relationship Management Skills.
• Good interpersonal, analytical, communication and presentation skills.
• Good time management skills and self-motivation attributes.
• Ability to communicate with and gain confidence of management.
• Self-starter and able to multi-task and work independently on initiatives.
• Good knowledge of computer applications such as MS Word, Excel, Power Point.
• Team player and able to work with multi-ethnic team.

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