Please understand the role below :
KEY RESPONSIBILITIES :
- Periodically review the validity of the KRI & KCSA in the process.
- Develop new KRI & KCSA for new migrations or process changes as required.
- Ensure timely submission of the KRI & KCSA and highlight exception with effective action plans and target closure date.
- Review all exceptions reported in the KRI & KCSA for any underlying risk that has not been previously identified and highlight to the Business lead & Central Operation Risk team.
- Perform periodic process reviews and proactively identify Functional Risk existing in the process and highlight such risks to the Business lead & Central Operation Risk team.
- Act as SPOC for Audits and support Central Operation Risk team in review and consolidation of the audit requirement.
- Tracking and resolution for any audit issues raised in any GIA audit performed on the unit.
- Organize unit FORC on a monthly basis and provide inputs relating to the Global Financial Reporting unit to the Central Operational Risk team for discussion in wider forums.
- Ensure Service Review Meetings (SRM) is conducted as per ISP guidelines.
- Ensure the governance and controls around EUC are in place & perform review on the adherence of the process to the EUC Governance policy.
- Report Operational Risks, Near Misses, Potential and Operational losses on timely basis.
- Pass II Error: Review the RCA for the errors and challenge the business on the criticality and the action plans (for adequacy and effectiveness)
- Assist in coordinating, facilitating and promoting understanding of operational risk and in implementation and management of OR within the Unit.
- Good understanding of IFRS standards relevant for financial instruments i.e IAS 39, IFRS 7, 9, 13 for the purpose of preparing the financial statements.
- Collaborate within FSSC teams to coordinate and get inputs or raise issues that arise during the operational risk review.
- Perform/ Participate in the process risk analysis to identify and remediated gaps in the existing process.
- Participate and give suggestions in the finance transformation programme thereby enabling removal of manual workarounds.
- Maintain Financial reporting integrity and review all data included in the financial reports for accuracy and completeness
- Complying with all governance requirements - Process metrics review, Service review calls, BCP.
- Coordinate with internal and external auditors to provide timely information and support
- Building a strong functional and business knowledge in the teams.
- Assists in recruiting, training and evaluating employees.
QUALIFICATIONS AND SKILLS :
Qualified Accountant is a must : CA, CPA or CIMA (UK)
- 8 plus years post qualification work experience in areas relating to risk and controls, experience in Financial Reporting in a financial services industry would be added advantage.
Skills :
Functional :
- Prior experience of working in Legal entity Financial Reporting process.
- Sound of IFRS reporting standards and practices
- Extensive working experience in different financial and accounting systems
- Experience of working in a global financial services organisation in a matrixed environment.
- SOX and internal controls experience preferred.
Behavioural :
- Prior experience of managing small /mid size teams
- Strong analytical and problem solving skills
- Excellent network building and strong interpersonal skills to work with people from diverse culture and background.
- Demonstrates integrity and professionalism, with the intent to do the right thing at all times
- Ability to multitask and prioritize diverse tasks.
- Excellent project managerial skills and ability to motivate teams to produce quality materials within tight timeframes and simultaneously manage several projects required.
- Facilitate and coordinate multiple deadlines, create cohesive teams, and respond quickly to management requests.
- Proven ability to perform under pressure and stress and to adjust plans to meet changing needs and requirements.
Key Relationships For :
- Data Quality & Validation
- Central Intercompany Team
- External Reporting Team
- Central Accounting
- Head, Financial Reporting (country)
- Global Process Manager - Stakeholders in the end to end Group Reporting process
- FSSC customer
- Senior manager and process leader
KEY MEASURES :
- Timely submission of quality IFRS packs with nil adjustments and reclassifications
- Faster-close timelines met
- All group queries built in reporting and review processes so that they do not recur
- Reduction /Elimination of manual and late adjustments
- Process accuracy maintained at 100% at zero tolerance levels
- Employee attrition levels within the agreed FSSC targets
- Nil audit points.
AUTHORITIES :
As given from time to time by the Functional Manager
JOB HOLDER :
- LINE MANAGER
- BUSINESS HR
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