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Job title : Enterprise Risk Management and Control Supervisor jobs in Lagos Job Location : Lagos Deadline : August 28, 2022
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The Enterprise Risk Management and Control Supervisor under the direct supervision of the Enterprise Risk Management and Control Manager (ERM&C Manager) carries out the following key tasks towards the achievement of the overall departmental objectives :
Identify and collate the organisation's complete portfolio of risks
Assess and evaluate these risks
Monitor and analyze key risks
Document / Update business processes
Assess the operating and design effectiveness of internal controls ( including financial reporting controls) implemented to address identified risks - ensuring financial controls are appropriately designed - mitigating inherent risks, implemented and operating as designed.
He / She is responsible for data gathering, measurement and analysis of financial, operational, strategic, and regulatory compliance risk in the organization in order to assess and ensure timely reporting of all issues noted for the ERM&C Manager's consideration.
Scope of Responsibility & Accountability
Enterprise Risk Management :
Under the direct supervision of the ERM&C Manager,
Provide inputs and participate in the development of annual risk plan and scheduled control reviews
Support the ERM&C Manager in management and coordination of all risk management and control related activities.
Execute approved risk programs and report findings for the ERM&C Manager's review
Provide monthly and quarterly risk reports for ERM &C Manager review
Perform risk identification activities, document, assess / evaluate, and monitor risk inherent in existing activities,
Review key risk indicators and trends.
Periodically assess the operating effectiveness of business continuity and crisis management plans in place
Provide input to the tracking and reporting of emerging risks and events (enterprise wide and project specific),
Maintain enterprise risk registers and project specific risk registers updating when necessary
Keep abreast of current and new regional, national and global risk related policies and governance pronouncements and regulations that apply to the organization and ensure local compliance
Perform periodic risk assessment for monitoring risks
Liaise with department heads on the adequacy of proposed actions in management of risk areas highlighted in risk and internal audit reports
Follow up with process owners and function managers on implementation of action plans to ensure risk mitigation efforts are proceeding as required.
Monitor and report on compliance with regulatory requirements
Work with the Business Managers (outside Finance) to review existing processes with a view to updating with ïas is' changes noted.
Perform ICFR / controls testing quarterly for design and operating effectiveness of controls embedded within the processes.
Oversee quarterly remediation of all key control lapses noted from the ICFR reviews. Follow up with process owners to ensure all control remediation actions ( ICFR and External auditor's noted control gaps) are implemented across the organisation.
Execute scheduled control reviews with a view to provide assurance on adequacy of systems and controls and document report findings to ERM&C Manager for review
Execute the documentation of operational processes (using narratives and process maps), maintain a register of these processes, track all process changes and re- engineer existing processes where and when required.
Focus on continual process improvement, and rationalization of control measures to enhance effectiveness and efficiency of operations and realization of cost savings opportunities
Work with internal audit, Governance / compliance functions in the company, as well as the company's external auditors, particularly with respect to audit planning and knowledge sharing
Work with staff to ensure enforcement of policies and procedures and compliance with the regulatory requirements.
Assess and monitor all access rights for all staff.
Perform review of segregation of duties at both the Oracle user and role level and report findings to ERM&C Manager controls.
Key Performance Indicators
Quality of documentation and work papers
Quality and timeliness of reports and updates
Percentage completion of assigned tasks and risk planned activities
Timeliness of remediation of external auditor's reported control issues.
External Contacts :
JV Finance personnel - Subcom / Budget re-alignment.
A University Degree
Good knowledge of risk management, internal control processes and auditing procedures
A qualified Chartered accountant with a combined 4 - 6 years' post qualification experience in audit and risk management, covering;
Experience in accounting and Financial Reporting (IFRS)
Understanding of Sarbanes Oxley / C-Sox / Internal Controls Over Financial Reporting requirements(ICFR)
Good knowledge of the regulatory environment
Audit and assurance experience.
Key Skills :
Good communication skills
Good report writing skills
Good problem identification
Good analytical skills
Good organization skills to effectively meet deadlines
Ability to interface with internal and external partners to carry out duties and achieve goals as assigned
Good knowledge and understanding of oil and gas industry
Good knowledge of financial reporting standards
Ability to interpret financial statements
Self-starter with ability to work independently and in teams
Ability to perform risk assessments and identify key business and financial risks
Experience in conducting financial audits and SOX compliance audits of public and / or private companies
Proficiency in presentation, spreadsheet word processing and Risk Management Reporting systems.
Possess a sound knowledge of internal business processes
Good understanding of corporate governance
A good team player.
Accounting / Financial Services jobs in Nigeria *Accounting / Financial Services jobs in Lagos *Enterprise Risk Management and Control Supervisor in Lagos