Associate Director/Head of Internal Control

KEY RESPONSIBILITIES

• Inculcate a risk culture across the organization by embedding the Enterprise Risk Management Framework within the first line.
• Implement policies impacting the internal control environment and develop procedures to ensure compliance with regulations and company standards.
• Oversee risk assessment processes to identify and mitigate potential risks.
• Conduct self-assessments and review financial and operational processes for compliance.
• Provide guidance and training on Enterprise Controls and best practices.
• Collaborate with departments to ensure consistent application of Internal Control standards.
• Monitor and evaluate the effectiveness of internal controls.
• Report to senior management and/or the Board on control matters and improvement recommendations.
• Stay updated on changes in the business environment, regulations, and industry trends affecting risk exposure.
• Lead investigations into misconduct or non-compliance and implement corrective actions.
• Serve as a liaison with Internal Auditors and regulatory agencies.
• Create and maintain an up-to-date process universe for business functions and units.
• Develop and maintain a risk register, control library, KRIs, and KCIs.
• Serve as a member of NFRC, FCRC, DNFRC, and other management committees.
• Design and implement Quality Assurance programs.
• Lead development and maintenance of business continuity and crisis management plans.
• Manage and provide leadership to a team of business control managers.
• Develop an operational resilience strategy.
• changes in regulations and industry trends impacting risk exposure.

Other Requirements

• At least 10–12 years of experience in risk management, internal controls, compliance, or related fields, with a minimum of 5 years in a senior leadership or managerial role.
• Proven experience in developing and implementing risk management strategies and frameworks within a complex organization.
• Strong ability to identify, assess, and mitigate risks across various business functions, ensuring alignment with organizational objectives.
• Extensive experience in ensuring compliance with regulatory requirements and industry standards, as well as implementing audit findings and recommendations.
• Demonstrated leadership skills in managing and mentoring a team of risk and controls professionals, fostering a culture of accountability and continuous improvement.
• Ability to assess and enhance operational resilience across the organization, ensuring preparedness for potential disruptions.
• Strong strategic thinking skills with the ability to align risk management strategies with business objectives and integrate risk management into decision-making processes.
• Proficiency in monitoring key risk indicators (KRIs) and establishing robust processes for tracking and reporting on risk exposures.
• Excellent communication skills, with the ability to articulate complex risk concepts to senior management, the board of directors, and other stakeholders.
• Solid understanding of business processes, financial operations, and how risk management contributes to overall organizational resilience and performance