Internal Controls & Compliance Officer

To facilitate initiatives to document and support the implementation of financial internal controls and the practice of risk management.

KEY RESPONSIBILITIES

• Reviews and documents policies and standards to facilitate the institutionalization of internal control assessment and compliance, including System Budgetary Controls and Accounting System Approval Control in accordance with Statement of Financial Authorities (SOFA).
• Ensures that managers adopt the tools of risk identification and process mapping by supporting them in the execution of the internal control assessment.
• Performs and advises Management of any due diligence issues as it relates to Crude Buyers in accordance with the provisions outlined in the Loan Agreements.
• Leads the development and implementation of policies, priorities and procedures relating to internal controls for financial reporting.
• Monitors for changes in relevant laws, regulations and policies and communicates same to stakeholders.
• Performs functional audits and procedural reviews as determined by audit and regulatory requirements and liaises with external auditors on the resolution of issues and any matters of compliance.
• Presents regulatory assessments and audit findings to management on control remediation plans.
• Collaborates with stakeholders on the development of action plans as well as the development and implementation of systems to capture and track control deficiencies.
• Monitors and tracks the status of issues to ensure timely implementation of remediation plans and recommended resolutions.
• Undertakes any other assignments required from time to time, to fulfil the job purpose.