Reference Number
HCBPKM090824
Description
JOB PURPOSE

This assist with the maintenance and management of a sound financial control framework across the Bank through reviewing, recommending changes, monitoring financial control effectiveness and remediation of issues.

To support the Financial Control Unit with Balance Sheet substantiation process through GL integrity reviews and suspense account reviews. The job holder will also participate in the Internal Controls Over Financial Reporting (ICOFR) process of the Bank.

Under the supervision of the Financial Controls & Revenue Assurance Head, the following are among the Job Key Responsibilities:

Financial Controls Framework

To assist with the financial controls activities for the Bank and ensure they are carried out efficiently, effectively and in line with best practice.
To carry out balance sheet substantiation to ascertain the reasonableness, existence, accuracy and integrity of account balances on the Bank’s trial balance.
To proactively review all critical suspense GL’s i.e. End of day suspense and deferred accounts and ensure clearance within the stipulated timelines.
To ascertain the reasonableness, existence, completeness, accuracy and integrity of account balances on the Bank’s trial balance drilled down to component GL levels.
To provide all required information to internal and external auditors on matters of financial controls under their space.
To perform ad hoc projects and reviews related to financial compliance and other matters.

Internal Controls over Financial Reporting (ICOFR)

To assess and test key processes and controls by performing control design and operating effectiveness assessments.
To perform periodic reviews/ testing of ICOFR controls and maintaining all relevant support documentation in readiness for annual reviews by the external auditors.
To effectively communicate any exceptions to control owners.

Risk management

To ensure preparation of Key Risk Indicator (KRIs) and Key Control Self-Assessment Reviews (KCSA) within the Finance division.
Assist with the coordination of the monthly Internal Financial Controls governance meeting.
Any other responsibilities or tasks as maybe assigned by management.

INTERNAL/EXTERNAL CONTACT

External: External Auditors, BoZ, SEC
Internal: All internal Business Units
Requirements
QUALIFICATIONS AND EXPERIENCE

Grade 12 Certificate with Credit or above mandatory in Mathematics and English and any other three subjects
University Degree in Accountancy/ Finance or equivalent, full professional qualification from a recognized institution (ACCA, CIMA or CA Zambia).
At least three (3) years’ experience in audit, internal control reviews
Experience in documenting processes, systems and controls is an added advantage
Financial accounting and internal control accreditations
Knowledge of Banking systems, regulations, industry trends and market dynamics.

JOB CORE COMPETENCIES

Analytical skills
Attention to detail and accuracy
Drive for results
Accountability
Critical thinking and problem-solving skills
Organization and time management skills
Ability to work under pressure and meet deadlines
Customer service orientation
Reporting and presentation skills.
Collaboration and teamwork
Strong ICT skills with ability to manipulate large volumes of data in ERP and Flexcube